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Share repurchases

Share repurchases          

Share repurchases by participating in potential share disposals of Royal Philips

Given the company’s capital position while maintaining a compatible investment-grade profile, Signify has and plans to return additional capital to shareholders. In 2017, Signify repurchased 9.8 million shares from Royal Philips for an aggregate amount of EUR 272 million. These shares were cancelled. For 2018, the company intends to repurchase shares for an amount of up to EUR 150 million by participating in share disposals of Royal Philips. In February 2018, Signify repurchased 2.2 million of its shares for an aggregate amount of EUR 71 million. These shares were cancelled in May 2018. The press releases related to our share repurchases by participating in share disposals of Royal Philips can be found on our regulatory news page.

 

Share repurchases to cover performance share plans 2018

 

Signify repurchased a total of 1.3 million shares for a total consideration of EUR 33.2 million in the period May 2, 2018 up to and including May 25, 2018. The purpose of the share repurchase was to cover obligations arising from its long-term incentive performance share plan and other employee share plans.

 

Signify holds the repurchased shares in treasury until employee share awards vest. The program was executed by an intermediary to allow for share repurchases in the open market during both open and closed periods. It was executed within the limits of relevant laws and regulations and the authority granted by the Annual General Meeting of Shareholders.

 

Signify has updated the market on the progress of the share repurchase program in weekly press releases. All previous transactions can be found on this page.

Philips Lighting will update the market on the progress of the share repurchases in weekly press releases. Transaction details can be found on this page.

Share repurchases related to Philips Lighting’s long-term incentive performance share plan and other employee share plans

 

Philips Lighting repurchased a total of 1.05 million shares for a total consideration of EUR 34.9 million in the period May 22, 2017 up to and including July 27, 2017.  The purpose of the share repurchase was to cover obligations arising from its long-term incentive performance share plan and other employee share plans. Philips Lighting holds the repurchased shares in treasury until employee share awards vest. The program was executed by an intermediary to allow for share repurchases in the open market during both open and closed periods. It was executed within the limits of relevant laws and regulations and the authority granted by the Annual General Meeting of Shareholders on May 9, 2017.

 

Philips Lighting has updated the market on the progress of the share repurchase program in weekly press releases. All previous transactions can be found on this page.

The company will continue to repurchase shares to cover obligations arising from its long-term incentive performance share plan and other employee share plans. Information related to future transactions will also be published on this page.

Given the company’s capital position while maintaining a compatible investment-grade profile, Philips Lighting aims to return additional capital to shareholders. For 2018, the company intends to repurchase (and cancel) shares for an amount of up to EUR 150 million by participating in potential share disposals of Royal Philips. In 2017, Philips Lighting repurchased and cancelled 9.8 million shares from Royal Philips for an aggregate amount of EUR 272 million.

 

Share repurchases related to Philips Lighting’s long-term incentive performance share plan and other employee share plans

 

Philips Lighting repurchased a total of 1.05 million shares for a total consideration of EUR 34.9 million in the period May 22, 2017 up to and including July 27, 2017.  The purpose of the share repurchase was to cover obligations arising from its long-term incentive performance share plan and other employee share plans. Philips Lighting holds the repurchased shares in treasury until employee share awards vest. The program was executed by an intermediary to allow for share repurchases in the open market during both open and closed periods. It was executed within the limits of relevant laws and regulations and the authority granted by the Annual General Meeting of Shareholders on May 9, 2017.

 

Philips Lighting has updated the market on the progress of the share repurchase program in weekly press releases. All previous transactions can be found on this page.

The company will continue to repurchase shares to cover obligations arising from its long-term incentive performance share plan and other employee share plans. Information related to future transactions will also be published on this page.

2017



Share repurchases to cover performance share plans 2017

 

Signify repurchased a total of 1.05 million shares for a total consideration of EUR 34.9 million in the period May 22, 2017 up to and including July 27, 2017. The purpose of the share repurchase was to cover obligations arising from its long-term incentive performance share plan and other employee share plans.

 

Signify holds the repurchased shares in treasury until employee share awards vest. The program was executed by an intermediary to allow for share repurchases in the open market during both open and closed periods. It was executed within the limits of relevant laws and regulations and the authority granted by the Annual General Meeting of Shareholders on May 9, 2017.

 

Signify has updated the market on the progress of the share repurchase program in weekly press releases. All previous transactions can be found on this page.

IR Starter-kit

 

Download here the start-kit

Calendar

 

01 July 2018

Start of the closed period

 

27 July 2018

First half year results 2018

 

 

Contact us

 

Contact Investor relations

+31 20 60 91 000

investor.lighting@signify.com

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