Signify Announces Significant Share Repurchase Progress Update
Signify Share Repurchase Progress Update
On April 7, 2025, Signify (Euronext: LIGHT), a global leader in innovative lighting solutions, shared exciting updates regarding its ongoing share repurchase program. This initiative is significant for both the company and its shareholders as it reflects Signify’s commitment to enhancing shareholder value and managing its equity efficiently.
Details of Recent Share Repurchases
During the period from March 31 to April 4, 2025, Signify successfully repurchased a total of 131,068 shares, each bought at an average price of EUR 19.22. This amounts to a total expenditure of approximately EUR 2.5 million. Such repurchases are intended to satisfy obligations stemming from Signify's long-term incentive performance share plan, as well as other employee share plans.
The Share Repurchase Program
This recent buyback is part of a larger planned initiative which was first disclosed on February 4, 2025. To date, Signify has repurchased an impressive 1,259,766 shares, totaling an investment of EUR 26 million under this program. This move not only signals confidence in the company's future but also demonstrates a strategic approach toward capital management.
Strategic Implications for Employees and Investors
The impact of the share repurchase program extends beyond mere financial metrics; it also offers substantial benefits to employees and investors alike. By funding employee stock options and similar incentive plans, Signify strengthens its workforce by aligning employee interests with long-term company performance. It fosters a culture of ownership and loyalty, which is pivotal in the highly competitive lighting industry.
Market Position and Financial Health
As of the last fiscal year, Signify reported sales of EUR 6.1 billion, employing approximately 29,000 people across over 70 countries. The company's strong financial performance underpins its ability to undertake such buyback programs and invest in innovation and sustainability practices. By leveraging technology and design, Signify continues to transform the way people experience light.
Future Directions and Company Commitment
Beyond share repurchases, Signify remains committed to sustainability and innovation. The company has made remarkable strides in integrating technology with lighting solutions aimed at improving energy efficiency and functionality. It is positioned as a leader not just in lighting, but also in the growth of smart buildings and IoT applications, continuously exploring new opportunities for expansion.
Company’s Recognition in Sustainability
Evidence of Signify’s dedication to sustainability is clearly illustrated by its consistent placement in the Dow Jones Sustainability World Index since its Initial Public Offering (IPO). Additionally, Signify has held an EcoVadis Platinum rating for five consecutive years, placing it in the top one percent of companies assessed. This showcases its commitment not just to financial success, but also to responsible and sustainable business practices.
Contact Information for Investors
For any inquiries or further information on the share repurchase program and other investor relations matters, please reach out to:
Signify Investor Relations
Thelke Gerdes
Tel: +31 6 1801 7131
E-mail: thelke.gerdes@signify.com
Signify Corporate Communications
Tom Lodge
Tel: +31 6 5252 5416
E-mail: tom.lodge@signify.com
Frequently Asked Questions
What is Signify's recent share repurchase update?
Signify has repurchased 131,068 shares from March 31 to April 4, 2025, at an average price of EUR 19.22.
How many shares has Signify repurchased in total?
To date, Signify has repurchased a total of 1,259,766 shares for approximately EUR 26 million.
What is the purpose of the share repurchase program?
The program is intended to meet obligations from employee incentive plans and enhance shareholder value.
Why is the repurchase program important to employees?
The buyback aligns employee interests with company performance, fostering a culture of ownership among staff.
How does Signify rank in terms of sustainability?
Signify consistently ranks in the Dow Jones Sustainability World Index and holds an EcoVadis Platinum rating for sustainability efforts.
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