Signify completes share repurchase program to cover performance share plans
24 Juin 2019 - 1:00PM
Signify completes share repurchase program to cover performance
share plans
Press Release
June 24, 2019
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 240,000 shares for a total
consideration of EUR 6.2 million from June 4, 2019 to June 20,
2019. These repurchases were made as part of the company’s
repurchase program, which was announced on June 4, 2019. Signify
will use the shares to cover obligations arising from its long-term
incentive performance share plan and other employee share
plans.
In the period June 17, 2019 to June 20, 2019, the company
repurchased 106,141 shares at an average price of EUR 26.84 per
share and an aggregate amount of EUR 2.8 million.
Details on the share buyback transactions can be found here.
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For further information, please contact:
Signify Investor RelationsRobin
JansenTel: +31 6 1594 4569E-mail: robin.j.jansen@signify.com
Signify Corporate
CommunicationsElco van GroningenTel: +31 6 1086
5519E-mail: elco.van.groningen@signify.com
About Signify
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 2018
sales of EUR 6.4 billion, we have approximately 29,000 employees
and are present in over 70 countries. We unlock the extraordinary
potential of light for brighter lives and a better world. We have
been named Industry Leader in the Dow Jones Sustainability Index
for two years in a row. News from Signify is located at the
Newsroom, Twitter, LinkedIn and Instagram. Information for
investors can be found on the Investor Relations page.
- Press Release Signify completes share repurchase program
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