init decides share buy-back

Ad hoc announcement acc. to Article 17 MAR

Karlsruhe, 18 October 2017.

The managing board of init innovation in traffic systems SE has decided in accordance with the resolution of the general meeting of 13 May 2015, topic 6 of the agenda to repurchase up to 35,000 own shares (pursuant to § 71 (1.8) AktG) for a maximum total purchase price of EUR 700,000 (without additional charges) via the stock exchange.

The repurchased shares are to be used for existing and future employee share schemes, incentive schemes for members of the managing board and managing directors, as acquisition currency and/or for cash to third party.

It is planned to transact the share buy-back during the period from 19 October 2017 to 15 December 2017 on the stock exchange.