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    Signify share repurchase periodic update

    August 17, 2020

     

    Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced that it has repurchased 111,740 shares in the period August 10 to August 14, 2020. The shares were repurchased at an average price of EUR 27.99 per share and an aggregate amount of EUR 3.1 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 370,748 shares for a total consideration of EUR 9.8 million.

    Details on the share buyback transactions can be found here.1

     

    Signify’s press release and Excel file on August 10 contained an incorrect average share price for the repurchases in the week of August 3 to August 7, which should have been EUR 26.40 instead of EUR 26.41. This was due to an incorrect daily average share price for the repurchases on Aug. 6, which should have been EUR 26.83 instead of EUR 28.83. This has been corrected in both the August 10 press release on the website and in the Excel file for this week.

    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

    About Signify

     

    Signify (Euronext: LIGHT) is the world leader in lighting for professionals, consumers and the Internet of Things. Our Philips products, Interact systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. In 2023, we had sales of EUR 6.7 billion, approximately 32,000 employees and a presence in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We have been in the Dow Jones Sustainability World Index since our IPO for seven consecutive years and have achieved the EcoVadis Platinum rating for four consecutive years, placing Signify in the top one percent of companies assessed. News from Signify can be found in the Newsroom, on X, LinkedIn and Instagram. Information for investors is located on the Investor Relations page.

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