Signify Launches EUR 150 Million Share Repurchase Program

An announcement from Signify NV ( (GB:0RHI) ) is now available.

Signify announced a EUR 150 million share repurchase program, which aims to buy back about 5.5% of its issued share capital. Part of the repurchase will fulfill obligations from employee share plans, while the remainder will lead to the cancellation of shares. The program is set to run until the end of 2025, executed within legal frameworks, and updates will be provided through market progress reports.

More about Signify NV

Signify (Euronext: LIGHT) is a global leader in lighting solutions for professionals, consumers, and the Internet of Things. The company offers Philips products, Interact systems, and data-enabled services that enhance business value and improve life in homes, buildings, and public spaces. With a strong presence in over 70 countries, Signify achieved sales of EUR 6.1 billion in 2024, and has been recognized for sustainability achievements, being listed in the Dow Jones Sustainability World Index and achieving the EcoVadis Platinum rating.

YTD Price Performance: -1.95%

Average Trading Volume: 90,808

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €2.64B

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