Eindhoven, the Netherlands – Philips Lighting (Euronext Amsterdam ticker: LIGHT), a global leader in lighting, today announced it has repurchased 106,500 shares in the period July 17, 2017 to July 21, 2017. The shares were repurchased at an average price of EUR 32.94 per share and an aggregate amount of EUR 3.51 million.
Accordingly, Philips Lighting’s interest in its own shares has risen above 3% and as a result, the company notified the Netherlands Authority for the Financial Markets (AFM).
These repurchases were made as part of the company’s buyback program, which was announced on May 22, 2017. Philips Lighting will use the shares to cover obligations arising from its long-term incentive performance share plan and other employee share plans. The total number of shares repurchased under this program to date is 954,123 shares for a total consideration of EUR 31.89 million.
Details on the share buyback transactions can be found here.