Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced that it has repurchased 880,586 shares in the period October 8, 2018 to October 12, 2018. The shares were repurchased at an average price of EUR 21.07 per share and an aggregate amount of EUR 18.6 million.
Accordingly, Signify’s interest in its own shares has risen above 5% 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 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 5,503,563 shares for a total consideration of EUR 129 million.
Details on the share buyback transactions can be found here.