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Signify completes cancellation of 5.8 million shares
Globenewswire· 2025-12-03 07:00
Core Viewpoint - Signify has successfully completed the cancellation of 5,763,134 shares as part of its share repurchase program, which enhances shareholder value by reducing the number of outstanding shares [1]. Company Overview - Signify is recognized as the world leader in lighting, serving professionals, consumers, and the Internet of Things [2]. - In 2024, Signify reported sales of EUR 6.1 billion and employed approximately 29,000 people across over 70 countries [2]. - The company has maintained a strong commitment to sustainability, being listed in the Dow Jones Sustainability World Index for eight consecutive years and achieving the EcoVadis Platinum rating for five consecutive years, placing it in the top one percent of assessed companies [2].
Signify completes share repurchase program
Globenewswire· 2025-12-01 12:00
Core Viewpoint - Signify has successfully completed its share repurchase program for 2025, acquiring a total of 7,108,671 shares for EUR 150 million, which reflects the company's commitment to enhancing shareholder value [1][2]. Share Repurchase Details - The share repurchase program was initiated on February 4, 2025, and concluded on November 28, 2025, with a total expenditure of EUR 150 million [2]. - Out of the repurchased shares, 1,345,537 will be used to fulfill obligations related to the long-term incentive performance share plan and other employee share plans, while 5,763,134 shares will be utilized to reduce the company's capital [2]. - In the final period from November 24, 2025, to November 28, 2025, Signify repurchased 155,523 shares at an average price of EUR 20.02 per share, totaling EUR 3.1 million [3]. Company Overview - Signify is recognized as the world leader in lighting, with sales of EUR 6.1 billion in 2024 and a workforce of approximately 29,000 employees across over 70 countries [5]. - The company has maintained a strong sustainability profile, being listed in the Dow Jones Sustainability World Index for eight consecutive years and achieving the EcoVadis Platinum rating for five consecutive years, placing it in the top one percent of assessed companies [5].