Signify completes share repurchase program to cover performance share plans
01 Settembre 2020 - 08:00AM
Signify completes share repurchase program to cover performance
share plans
Press Release
September 1, 2020
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 1,150,000 shares for a total
consideration of EUR 32.0 million from July 30 to August 31, 2020.
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.
On Augustus 31, 2020, the company repurchased 27,500 shares at
an average price of EUR 28,39 per share and an aggregate amount of
EUR 0.8 million.
Details on the share buyback transactions can be found here.
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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.
- 20200901_Signify completes share repurchase program
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