Vtion Wireless Technology AG / Key word(s): Share Buyback 20.12.2011 08:50 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, 20 December 2011. Vtion Wireless Technology AG, one of the leading suppliers of wireless data solutions for mobile computing in China, has resolved to continue repurchasing shares after its current buyback program of 1 million shares is complete. The company was authorized by its 2010 AGM to repurchase 1.598 million shares and first implemented a program to purchase just 1 million shares. When this program is complete, the company will implement another program to repurchase the remaining 598,000 shares allowed under the AGM authorization. To date, the company has repurchased a total of 744,802 shares, at an average price of Euro 3.59. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: 'Though it will still take some time before we reach the 1 million shares under our current program, we want to provide clarity to investors as to our intentions for the remaining shares under the authorization,' states Vtion CEO Guoping Chen. 'We have allocated cash to repurchase the full 1.598 million shares allowed under the AGM authorization, as we consider this an important means through which we can return cash to shareholders over an extended period of time,' he concludes. Progress regarding the share buyback program can be found on the company's website: www.vtion.de. Vtion expects revenues for 2011 of between EUR 75 to EUR 100 million, with an EBIT margin between 10% and 12%. So far in the fourth quarter the company has seen sales in both the wireless data terminal and mobile intelligent terminal segments largely in line with those of Q3, while it continues to build up its Android mobile applications platform through its wholly-owned subsidiary, Vtion Anzhuo. Contact: Kirchhoff Consult AG Dr Kay Baden T +49 40 60 91 86 0 E baden@kirchhoff.de 20.12.2011 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 Germany Phone: +49 69 710 456 245 Fax: +49 69 710 456 248 E-mail: ir@vtion.de;verena.rauch@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 ---------------------------------------------------------------------------
DGAP-Adhoc: Vtion Wireless Technology AG: Share Buyback to continue after Initial Program for 1 million Shares is complete
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