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    Signify share repurchase periodic update

    This press release has been corrected as the original average share price of the repurchases in the week of August 3 to August 7 was based on an incorrect number for the daily average of the repurchases on August 6 in the original Excel file. Both the text in this release and in the Excel file have been corrected.

     

    August 10, 2020

     

    Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced that it has repurchased 82,008 shares in the period August 3 to August 7, 2020. The shares were repurchased at an average price of EUR 26.40 per share and an aggregate amount of EUR 2.2 million.

    These repurchases were made as part of the company’s repurchase program, which was announced on July 30, 2020. Signify will use the shares to cover obligations arising from its long-term incentive performance share plan and other employee share plans. The total number of shares repurchased under this program to date is 259,008 shares for a total consideration of EUR 6.7 million.
    Details on the share buyback transactions can be found here.

    For further information, please contact:

    Signify Investor Relations

    Rogier Dierckx

    Tel: +31 6 1138 4609

    E-mail: rogier.dierckx@signify.com

     

    Signify Corporate Communications

    Elco van Groningen

    Tel: +31 6 1086 5519

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

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    Signify share repurchase periodic update

    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 2019 sales of EUR 6.2 billion, we have approximately 36,000 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 three 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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