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.