Signify completes share repurchase program to cover performance share plans
28 March 2022 - 10:00PM
Signify completes share repurchase program to cover performance
share plans
Press Release
March 28, 2022
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 850,000 shares for a total
consideration of EUR 35.5 million from February 24 to March 25,
2022. These repurchases were made as part of the company’s
repurchase program, which was announced on February 24, 2022.
Signify will use the shares to cover obligations arising from its
long-term incentive performance share plans and other employee
share plans.
In the period March 21 to March 25, 2022, the company
repurchased 195,704 shares at an average price of EUR 43.15 per
share and an aggregate amount of EUR 8.4m. Details on the share
buyback transactions can be found here.
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For further information, please contact:
Signify Investor RelationsThelke GerdesTel: +31
6 1801 7131
E-mail: thelke.gerdes@signify.com
Signify Corporate
CommunicationsLeanne Carmody Tel: +31 6 3928 0201E-mail:
leanne.carmody@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 2021
sales of EUR 6.9 billion, we have approximately 37,000 employees
and are present in over 70 countries. We unlock the extraordinary
potential of light for brighter lives and a better world. We
achieved carbon neutrality in 2020, have been in the Dow Jones
Sustainability World Index since our IPO for five consecutive years
and were named Industry Leader in 2017, 2018 and 2019. 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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