Signify starts share repurchase program of up to 450,000 shares to cover performance share plans
April 29 2024 - 2:00AM
Signify starts share repurchase program of up to 450,000 shares to
cover performance share plans
Press Release
April 29, 2024
Signify starts share repurchase program of up to 450,000
shares to cover performance share plans
Eindhoven, the Netherlands – Signify (Euronext:
LIGHT), the world leader in lighting, today announced the start of
a program to repurchase up to 450,000 of its own shares. Signify
will use the shares to cover obligations arising from its long-term
incentive performance share plan and other employee share
plans.
The program will start on April 29, 2024 and is expected to be
completed in the second quarter. The 450,000 shares intended to be
bought represent approximately 0.4% of the company’s issued share
capital. At the current share price, the repurchase program
represents a total value of approximately EUR 11 million.
Signify will hold the repurchased shares in treasury until
employee share awards are vested. The program will be executed by
an intermediary to allow for share repurchases in the open market
during both open and closed periods. The program will be executed
within the limits of relevant laws and regulations and the
authority granted by the Annual General Meeting of Shareholders on
May 16, 2023.
Signify will update the market on the progress of the share
repurchase program in weekly press releases. This information will
also be published on the company’s website.
--- END ---
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 SignifySignify (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.
- 20240429_Signify starts share repurchase program of up to
450,000 shares to cover performance share plans
Signify NV (EU:LIGHT)
Historical Stock Chart
From Apr 2024 to May 2024
Signify NV (EU:LIGHT)
Historical Stock Chart
From May 2023 to May 2024
