Signify share repurchase periodic update

August 27, 2018  

 

Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced that it has repurchased 590,926 shares in the period August 20, 2018 to August 24, 2018. The shares were repurchased at an average price of EUR 24.21 per share and an aggregate amount of EUR 14.3 million.

 

These repurchases were made as part of the company’s repurchase program, which was announced on July 30, 2018. The purpose of the program is to reduce the company’s capital. The total number of shares repurchased under this program to date is 1,750,173 shares for a total consideration of EUR 42.0 million.

 

Details on the share buyback transactions can be found here.

 

For further information, please contact:

 

Signify Investor Relations

Robin Jansen

Tel: +31 20 60 91000

E-mail: robin.j.jansen@signify.com

 

Signify Corporate Communications

Elco van Groningen

Tel: +31 6 1086 5519

E-mail: elco.van.groningen@signify.com

About Signify

 

Signify (Euronext: LIGHT) is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Our Philips products, Interact connected lighting systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. With 2017 sales of EUR 7.0 billion, we currently employ approximately 30,000 employees and have a presence in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. News from Signify is located at the Newsroom, Twitter and LinkedIn. Information for investors can be found on the Investor Relations page.

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