Signify completes share repurchase program to cover performance share plans
16 Mai 2024 - 1:00PM
Signify completes share repurchase program to cover performance
share plans
Press Release
May 16, 2024
Signify completes share repurchase program
to cover performance share plans
Eindhoven, The Netherlands –
Signify (Euronext: LIGHT), the world leader in lighting, today
announced that it has completed its previously announced share
repurchase program.
The company repurchased a total of 450,000 shares
for a total consideration of EUR 11.9 million from April 29 to May
15, 2024. These repurchases were made as part of the company’s
repurchase program, which was announced on April 29, 2024. Signify
will use the shares to cover obligations arising from its long-term
incentive performance share plans and other employee share
plans.
In the period May 13 to May 15, 2024, the company
repurchased 66,762 shares at an average price of EUR 27.05 per
share and an aggregate amount of EUR 1.8 million.
Details on the share buyback transactions can be
found here.
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For further information, please contact:
Signify Investor RelationsThelke GerdesTel: +31
6 1801 7131E-mail: thelke.gerdes@signify.com
Signify Corporate
CommunicationsTom LodgeTel: +31 6 5252 5416E-mail:
tom.lodge@signify.com
About Signify
Signify (Euronext: LIGHT) is the world leader in
lighting for professionals, consumers and the Internet of Things.
Our Philips products, Interact systems and data-enabled services
deliver business value and transform life in homes, buildings and
public spaces. In 2023, we had sales of EUR 6.7 billion,
approximately 32,000 employees and a presence in over 70 countries.
We unlock the extraordinary potential of light for brighter lives
and a better world. We have been in the Dow Jones Sustainability
World Index since our IPO for seven consecutive years and have
achieved the EcoVadis Platinum rating for four consecutive years,
placing Signify in the top one percent of companies assessed. News
from Signify can be found in the Newsroom, on X, LinkedIn and
Instagram. Information for investors is located on the Investor
Relations page.
- 20240516_Signify completes share repurchase program to cover
performance share plans
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