Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced that it has completed its share repurchase program.
Under this program, the company repurchased a total of 9,655,762 shares for a total consideration of EUR 220 million from July 30 to December 7, 2018. The purpose of the program is to reduce the company’s capital.
In the period December 3 to December 7, 2018, the company repurchased 632,084 shares at an average price of EUR 21.82 per share and an aggregate amount of EUR 13.8 million.
Details on the share buyback transactions can be found here.