Signify starts share repurchase program of up to 240,000 shares to cover performance share plans

    June 4, 2019
     

    Eindhoven, the NetherlandsSignify (Euronext: LIGHT), the world leader in lighting, today announced the start of a program to repurchase up to 240,000 of its shares. Signify will use the shares to cover obligations arising from its long-term incentive performance share plan and other employee share plans.

     

    The program will start on June 4, 2019 and is expected to be completed within the second quarter. The 240,000 shares intended to be repurchased represent approximately 0.2% of the company’s issued share capital. At the current share price, the repurchase program represents a total value of approximately EUR 6 million.

     

    Signify will hold the repurchased shares in treasury until employee share awards are vested. The program will be executed by an intermediary to allow for share repurchases in the open market during both open and closed periods. The program will be executed within the limits of relevant laws and regulations and the authority granted by the Annual General Meeting of Shareholders on May 14, 2019.

     

    Signify will update the market on the progress of the share repurchase program in weekly press releases. This information will also be published on the company’s website.

    For further information, please contact:

     

    Signify Investor Relations

    Robin Jansen

    Tel: +31 6 1594 4569

    E-mail: robin.j.jansen@signify.com

     

    Signify Corporate Communications

    Elco van Groningen

    Tel: +31 6 1086 5519

    E-mail: elco.van.groningen@signify.com

    About Signify

     

    Signify (Euronext: LIGHT) is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Our Philips products, Interact connected lighting systems and data-enabled

    services, deliver business value and transform life in homes, buildings and public spaces. With 2018 sales of EUR 6.4 billion, we have approximately 29,000 employees and are present in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We have been named Industry Leader in the Dow Jones Sustainability Index for two years in a row. News from Signify is located at the Newsroom, Twitter, LinkedIn and Instagram. Information for investors can be found on the Investor Relations page.

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