Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced that it has repurchased 427,283 shares in the period October 22, 2018 to October 26, 2018. The shares were repurchased at an average price of EUR 20.48 per share and an aggregate amount of EUR 8.7 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 6,357,795 shares for a total consideration of EUR 147 million.
Details on the share buyback transactions can be found here.