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Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced that it has repurchased 465,314 shares in the period October 1, 2018 to October 5, 2018. The shares were repurchased at an average price of EUR 22.19 per share and an aggregate amount of EUR 10.3 million.
These repurchases were made as part of the company’s repurchase program, which was announced on July 30, 2018. The purpose of the program is to reduce the company’s capital. The total number of shares repurchased under this program to date is 4,622,977 shares for a total consideration of EUR 110 million.
Details on the share buyback transactions can be found here.
Signify Investor Relations
Robin Jansen
Tel: +31 20 60 91000
E-mail: robin.j.jansen@signify.com
Signify Corporate Communications
Elco van Groningen
Tel: +31 6 1086 5519
E-mail: elco.van.groningen@signify.com
Signify (Euronext: LIGHT) is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Our Philips products, Interact connected lighting systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. With 2017 sales of EUR 7.0 billion, we currently employ approximately 30,000 employees and have a presence in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. News from Signify is located at the Newsroom, Twitter and LinkedIn. Information for investors can be found on the Investor Relations page.
