Signify share repurchase periodic update
17 Août 2020 - 1:00PM
Signify share repurchase periodic update
August 17, 2020
Signify share repurchase periodic update
Eindhoven, the Netherlands – Signify (Euronext:
LIGHT), the world leader in lighting, today announced that it has
repurchased 111,740 shares in the period August 10 to August 14,
2020. The shares were repurchased at an average price of EUR 27.99
per share and an aggregate amount of EUR 3.1 million.
These repurchases were made as part of the company’s repurchase
program, which was announced on July 30, 2020. Signify will use the
shares to cover obligations arising from its long-term incentive
performance share plan and other employee share plans. The total
number of shares repurchased under this program to date is 370,748
shares for a total consideration of EUR 9.8 million.
Details on the share buyback transactions can be found
here.1
1 Signify’s press release and Excel file on August 10 contained
an incorrect average share price for the repurchases in the week of
August 3 to August 7, which should have been EUR 26.40 instead of
EUR 26.41. This was due to an incorrect daily average share price
for the repurchases on Aug. 6, which should have been EUR 26.83
instead of EUR 28.83. This has been corrected in both the August 10
press release on the website and in the Excel file for this
week.
--- END ---
For further information, please contact:
Signify Investor
RelationsRogier DierckxTel: +31 6 1138 4609E-mail:
rogier.dierckx@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 2019
sales of EUR 6.2 billion, we have approximately 36,000 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 three 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.
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