Since the IPO of Signify, the company repurchased shares for cancellation purposes and to cover obligations arising from its long-term incentive performance share plan and other employee share plans.
On February 4, 2025, Signify announced the start of its share repurchase program to buy back up to EUR 150 million of its own shares. Under this program, the company repurchased 1,345,537 shares for a total consideration of EUR 27.5 million to cover obligations arising from Signify’s long-term incentive performance share plan and other employee share plans in the period up to April 16, 2025. The remainder of the share repurchases will be allocated to the cancellation of shares. The program is expected to be completed by the end of 2025.