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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 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 company will cancel the repurchased shares.

 

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.

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.

IR Starter-kit

 

Download here the starter-kit

Calendar

 

January 1, 2019

Start of the closed period

February 1, 2019

Fourth quarter and full year results 2018

 

Contact us

 

Contact Investor relations

+31 20 60 91 000

IR@signify.com

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