Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced that it has repurchased 465,314 shares in the period October 1, 2018 to October 5, 2018. The shares were repurchased at an average price of EUR 22.19 per share and an aggregate amount of EUR 10.3 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 4,622,977 shares for a total consideration of EUR 110 million.
Details on the share buyback transactions can be found here.