DGAP-Adhoc: Vtion Wireless Technology AG plans to carry out share buy-back program

Vtion Wireless Technology AG  / Key word(s): Share Buyback

21.04.2011 07:55

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Frankfurt, 21. April 2011. The Management Board of Vtion Wireless
Technology AG has resolved to repurchase up to 1,000,000 ordinary shares of
no par value each having a notional amount of the share capital of EUR 1.00
of the Company.

The Annual General Meeting as of 22 June 2010 has authorized the Company to
acquire ordinary shares in the amount of up to 10 percent of the company's
current share capital. The share buy-back will be implemented starting not
before 26 April 2011, and the term expires 26 April 2012.

The purpose of the share buy-back is to enable the Company to offer
treasury shares to third parties as consideration for acquisitions of other
companies or participation in other companies or for joint ventures or
co-operations with other companies. The availability of own shares
increases the Company's flexibility.

In case of an acquisition via the stock exchange, the price per share paid
by the Company (excluding incidental costs of acquisition) must be within a
range of 10 per cent higher or lower than the opening price at the
Frankfurt Stock Exchange's Xetra trading system.

Not more than 25 per cent of the average daily turnover of the Vtion
Wireless Technology AG shares will be acquired at the respective stock
exchange per day. The average daily share turnover is calculated on the
basis of the average daily trading volume in the relevant trading segment
during the last 20 trading days before the date of purchase. The share
buy-back will be implemented through a financial institution, which will
act independently and without influence by Vtion Wireless Technology AG on
when to repurchase stock.



Contact:
Kirchhoff Consult AG
Janina Wismar
T +49 40 60 91 86 50
F +49 40 60 91 86 16
E Janina.Wismar@kirchhoff.de






21.04.2011 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      Vtion Wireless Technology AG
              Westhafen Plaza 1
              60327 Frankfurt
              Deutschland
Phone:        +49 69 710 456 245
Fax:          +49 69 710 456 248
E-mail:       ir@vtion.de;janina.wismar@kirchhoff.de
Internet:     www.vtion.de
ISIN:         DE000CHEN993
WKN:          CHEN99
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------