Signify share repurchase periodic update
Press Release
August 27, 2018
Signify share repurchase periodic update
Eindhoven, the Netherlands - Signify (Euronext: LIGHT), the world leader in lighting, today announced that it has repurchased 590,926 shares in the period August 20, 2018 to August 24, 2018. The shares were repurchased at an average price of EUR 24.21 per share and an aggregate amount of EUR 14.3 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 1,750,173 shares for a total consideration of EUR 42.0 million.
Details on the share buyback transactions can be found here.
--- END ---
For further information, please contact:
Signify Investor Relations
Robin Jansen
Tel: +31 20 60 91000
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 2017 sales of EUR 7.0 billion, we have approximately 30,000 employees and are present in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. News from Signify is located at the Newsroom, Twitter and LinkedIn. Information for investors can be found on the Investor Relations page.
--
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Signify via Globenewswire