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    FAQ

    General

    What are Signify’s main activities?
    For over 120 years, Signify has been at the forefront of innovation. We use the transformative power of light to make people more comfortable and productive – providing high-quality light in public places, professional spaces, and at home. We use light to make people feel happier and safer – light that entertains, inspires, and informs, makes cities more livable, and satisfies people’s daily needs. 
    How many employees does Signify have?
    The total number of Signify employees was 37,057 at the end of Q3 2020.
    Where can I find a general presentation about the company and its activities?
    The general presentation about Signify and its activities is included in the IR Starter-kit. You can find the IR Starter-kit here.
    Which accounting standards does Signify use?
    Signify uses the International Financial Reporting Standards (IFRS) as its sole accounting standard.
    Which accounting firm is the auditor of Signify?
    Ernst & Young Accountants LLP has been appointed as independent external auditor by the General Meeting of Shareholders.
    When will Signify report its quarterly and annual results?
    An overview of Signify quarterly and annual results publication dates can be found in our financial calendar.
    Where can I find historical financial information on Signify?
    Under Quarterly results, you will find Signify’s results releases and presentations, as well as webcasts (available for one year) and transcripts of the earnings calls.
    Can I listen to Signify’s quarterly results conference calls with analysts?
    Yes, Signify’s quarterly results conference calls are webcast live and replays are available for a period of time after the announcement.
    What financial goals does Signify have?
    Given recent developments of the pandemic, Signify does not provide financial guidance for full year 2020. Signify remains confident in the underlying resilience of its businesses and operating model, and that its liquidity needs are well covered by the financial framework it has in place. During the virtual Capital Markets Day 2020, which is scheduled on December 9, Signify will provide more details on its expectations for the medium-term.
    When is the next Annual General Meeting of Shareholders?
    The 2020 Annual General Meeting of Shareholders will take place on May 19, 2020.
    What is Signify’s fiscal year?
    Signify’s fiscal year runs from January 1st through December 31st
    How can I keep up to date with Signify’s news & events?

    Sign up for press release alerts via the link below:

     

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    Shares and dividends

    On which exchange is Signify listed and what is the ticker symbol?
    Signify is listed on the Euronext Amsterdam stock exchange under the ticker “LIGHT”.
    When did Signify’s share start trading on the stock exchange?
    Signify was separated from its parent company Royal Philips N.V. and subsequently listed on the Euronext Amsterdam stock exchange on May 27, 2016.
    What was the offering price at Signify’s initial public offering (IPO)?
    The offering price at Signify’s IPO was EUR 20.00 per share.
    What sort of shares does Signify have?
    Signify has only ordinary shares outstanding.
    What is the number of shares outstanding?
    Signify’s total number of ordinary shares outstanding are 126,715 thousand.
    What is Signify’s shareholder structure?

    Signify has 126,715 thousand ordinary shares outstanding and a free float of 100%.


    The Dutch Financial Markets Supervision Act requires persons holding a capital and/or voting interest of 3% or more in Signify to disclose such to the Dutch Authority for the Financial Markets (AFM). The AFM processes these disclosures in its publicly available register, which can be found at www.afm.nl . An overview of the relevant holdings for Signify can be found here .

    Does Signify have a share buyback program?
    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. The press releases and other information related to our share repurchases can be found on our share repurchases page .
    When will the dividend be paid this year?
    Given the high level of global uncertainty and the very limited visibility on how this crisis might unfold, Signify has decided to withdraw the proposal to pay a dividend of EUR 1.35 per share to ensure resilience in a period of market uncertainty and to further strengthen the company’s financial position. Once market conditions have stabilized, Signify will revisit its capital allocation to shareholders.
    What is the withholding tax applied on the dividend payment?
    Dividend in cash is, in principle, subject to 15% Dutch withholding tax, which will be deducted from the dividend in cash paid to shareholders. 
    How can I invest in Signify?
    Signify’s shares can be purchased through most brokerage firms, including online brokerage services.

    Debt

    How much long-term debt does Signify have outstanding?

    In January 2020, Signify announced that it has signed new committed financing facilities to replace its current term loans of EUR 740 million and USD 500 million, and its existing revolving credit facility of EUR 500 million which were due to expire in May 2021.

     

    The new committed term loan structure consisted of EUR 400 million and USD 275 million with a maturity of three years (January 2023) and EUR 340 million and USD 225 million with a maturity of five years (January 2025). We entered into a new committed EUR 500 million multi-currency revolving credit facility (RCF) which has a maturity of five years (January 2025), with the option to extend it twice by one year at the end of the first and second anniversary. These new facilities have similar terms to the previous facilitie.

     

    On September 30, 2020, Signify repaid EUR 350 million of the 3 year EUR term loan debt meaning that the remaining debt under the committed term loan structure consists of EUR 50 million and USD 275 million with a maturity of three years (January 2023) and EUR 340 million and USD 225 million with a maturity of five years (January 2025).

     

    On April 30, 2020, Signify announced the successful pricing of its inaugural EUR 1.275 billion Eurobond Offering comprising of EUR 675 million fixed rate notes due 2024 with a coupon of 2.000% and EUR 600 million fixed rate notes due 2027 with a coupon of 2.375%. The notes are listed on the Official List of the Luxembourg Stock Exchange and traded on the regulated market of the Luxembourg Stock Exchange.

     

    The net proceeds of the notes were used to refinance the bridge loan used to finance the acquisition of Cooper Lighting, which was completed on March 2, 2020.

     

    More information can be found here.

    What is the margin on the facilities?
    Signify pays a margin based on the net leverage ratio.

    Calendar & Events

     

     

    October 27, 2020
    Extraordinary General Meeting of Shareholders

     

    December 9, 2020
    2020 Capital Markets Day

     

    January 29, 2021

    Fourth quarter and full year results 2020

     

     

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    Contact us

     

    Contact Investor relations

    +31 20 60 91 000

    IR@signify.com