Share repurchases

    Share repurchases          


    Share repurchases in the open market and by participating in potential share disposals of Royal Philips

     

    Given the company’s capital position while maintaining a compatible investment-grade profile, Signify returns additional capital to shareholders.


    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.

    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

     

    November 26, 2019

    Conference Brussels – ING
     

    December 2, 2019
    C
    onference London - Goldman Sachs

     

    January 1, 2020
    Start of the closed period

    Contact us
     

     

    Contact Investor relations

    +31 20 60 91 000

    IR@signify.com