On 29 May 2013, the Executive Board of InVision AG (ISIN: DE0005859698) decided, with the approval of the Supervisory Board, to buy back up to 50,000 of the company’s own shares on the stock exchange (corresponding to 2.24 percent of the share capital), at a maximum price of EUR 25 per share, starting from 30 May 2013.
This Decision was first extended on 6 December 2013. In the course of this expansion the purchase price per share was raised to a maximum of EUR 30 with immediate effect.
By a Decision of 15 January 2014, the limit of the buyback of the company’s own shares on the stock exchange has been extended to a total of max. 75,000 shares (corresponding to 3.36 percent of the share capital).
The share buyback is based on the authorisation granted at the Annual General Meeting of 24 August 2010 to acquire up to 10 percent of the company's own shares.
The repurchased shares may be used for all purposes permissible under the authority granted at the Annual General Meeting of 24 August 2010, and applicable to the provisions of the stock corporation law. The equivalent value per share (excluding extra acquisition charges) may not be more than 10 percent higher or lower than the stock exchange quotation, which is determined in the opening auction in XETRA trading on the Frankfurt Stock Exchange on the relevant trading day.
The share buyback is to be exercised independently and without the influence of the company by M.M. Warburg & CO Kommanditgesellschaft auf Aktien, Hamburg (Germany), upon application of the safe harbour regulations.