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    Share repurchases

    Share repurchases


    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.

     

    In February 2021, Signify announced the start of a share repurchase program to buy back up to 2 million of its own shares to cover obligations arising from its long-term incentive performance share plan and other employee share plans. Under this program, which has been completed on May 10, 2021, the company repurchased a total of 1.7 million shares for a total consideration of EUR 72 million.

    In August 2020, Signify repurchased 1,150,000 shares for a total consideration of EUR 32.0 million to cover obligations arising from its long-term incentive performance share plan and other employee share plans.
    In June 2019, Signify repurchased 240,000 shares for a total consideration of EUR 6.2 million to cover obligations arising from its long-term incentive performance share plan and other employee share plans.
    In July 2018, Signify announced the start of a share repurchase program to buy back up to EUR 230 million of its shares to reduce the company’s capital. Under this program, which has been completed on December 7, 2018, the company repurchased a total of 9.7 million shares for a total consideration of EUR 220 million. The repurchased shares have been cancelled.
    In May 2018, Signify repurchased 1.3 million shares for a total consideration of EUR 33.2 million to cover obligations arising from its long-term incentive performance share plan and other employee share plans.

    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.

     

    In 2017, Signify repurchased 9.8 million shares from Royal Philips for an aggregate amount of EUR 272 million. These shares were cancelled. The press releases related to our share repurchases can be found on our regulatory news page.

     

    Press releases related to the repurchase program can be found on this page.

    2021

    2020

    2019

    2018

    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.

    Calendar & Events

     

    September 30, 2021

    Redburn ESG Conference

     

    October 1, 2021

    Closed period pre Q3 results

     

    October 29, 2021

    Third quarter results 2021

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    Contact us

     

    Contact Investor relations

    +31 20 24 55340

    IR@signify.com