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.