LIGHT Signify NV

Signify share repurchase period update

Signify share repurchase period update

Press Release



March 24, 2025



Signify share repurchase period update 




Eindhoven, the Netherlands –
(Euronext: LIGHT), the world leader in lighting, today announced that it has repurchased 147,848 shares in the period March 17 to March 21, 2025. The shares were repurchased at an average price of EUR 21.05 per share and an aggregate amount of EUR 3.1 million. Signify will use these repurchased shares to cover obligations arising from Signify’s long-term incentive performance share plan and other employee share plans.



The repurchases were made as part of the company’s share repurchase program, which was announced on . The total number of shares repurchased under this program to date is 978,057 shares for a total consideration of EUR 20.3 million.



Details on the share buyback transactions can be found . 

 

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For further information, please contact:



Signify Investor Relations


Thelke Gerdes

Tel:

E-mail:



Signify Corporate Communications


Tom Lodge

Tel:

E-mail:

About Signify

(Euronext: LIGHT) is the world leader in lighting for professionals, consumers and the Internet of Things. Our products, systems and data-enabled services deliver business value and transform life in homes, buildings and public spaces. In 2024, we had sales of EUR 6.1 billion, approximately 29,000 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 since our IPO for eight consecutive years and have achieved the Platinum rating for five consecutive years, placing Signify in the of companies assessed. News from Signify can be found in the , on , and . Information for investors is located on the page.

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24/03/2025

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Signify/Awaiting next steps/HOLD

The lighting industry is very competitive which, in our view, limits Signify's room for structural growth and margin expansion. Near-term the company is held back by deteriorating trading conditions. Valuation is not overly demanding in our view, and the buyback is supportive, but we see limited room for upward surprises. We keep our HOLD rating and €20 target price.

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