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Public disclosure of inside information pursuant to Article 17 MAR

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

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.

 

For further information, please contact:

Kirchhoff Consult AG
Dr Kay Baden, tel.: +49 40 60 91 86 0, baden@kirchhoff.de
Janina Wismar, tel.: +49 40 60 91 86 50, janina.wismar@kirchhoff.de
 

Disclaimer concerning prognoses
Certain statements in this communication contain formulations or terms referring to the future or future developments, as well as negations of such formulations or terms, or similar terminology. These are described as forward-looking statements. In addition, all information in this communication regarding planned or future results of business segments, financial classification numbers, developments of the financial situation, or other financial or statistical data contains such forward-looking statements. The company cautions prospective investors not to rely on such forward-looking statements as certain prognoses of actual future events and developments. The company is neither responsible nor liable for these forward-looking statements. It is not responsible for updating such information, which only represents the state of affairs on the day of publication.

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