Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced that it has repurchased 560,000 shares in the period October 29, 2018 to November 2, 2018. The shares were repurchased at an average price of EUR 22.14 per share and an aggregate amount of EUR 12.4 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 6,917,795 shares for a total consideration of EUR 159 million.
Details on the share buyback transactions can be found here.