Signify Updates on Strategic Share Repurchase Commitment
Signify's Ongoing Share Repurchase Efforts
Signify (Euronext: LIGHT), a pioneering leader in the global lighting sector, continues to demonstrate its commitment to capital management through its recent announcement on share repurchases. During a recent period, the company successfully repurchased 49,249 shares between June 9 and June 13, 2025, acquiring these shares at an average price of EUR 22.13 each, bringing the aggregate investment to EUR 1.1 million.
Understanding the Share Repurchase Program
This share repurchase initiative is an integral part of Signify's ongoing capital management strategy, which aims to enhance shareholder value. Since the inception of this program, Signify has repurchased a total of 2,832,530 shares, accumulating a significant outlay of EUR 56.56 million. Such steps not only reflect the company’s robust financial health but also its dedication to maximizing shareholder returns over the long term.
Significance of Share Repurchases
Share repurchase programs are a vital mechanism for companies like Signify to return value to their shareholders. By reducing the number of outstanding shares, the company aims to increase earnings per share (EPS), which can potentially lead to a rise in share prices. This strategic move can bolster investor confidence, reflecting positively on the company’s market position.
Future Outlook for Signify
Looking ahead, Signify is poised to maintain its leadership role within the lighting industry. The investment in share repurchases complements its broader business strategy aimed at sustainable growth. As the company pushes forward, it will continue to deliver innovative lighting solutions that enhance everyday life while focusing on environmental sustainability.
Investor Relations and Contact Information
For those interested in obtaining further information regarding Signify's financial strategies and programs, the Investor Relations department is accessible for inquiries. Investors can reach out to Thelke Gerdes via telephone at +31 6 1801 7131 or through email at thelke.gerdes@signify.com. Additionally, Tom Lodge, a representative from Corporate Communications, is available at +31 6 5252 5416, with an email contact at tom.lodge@signify.com.
About Signify
Signify (Euronext: LIGHT) is recognized as the leading global provider of lighting solutions for both professional and consumer markets. Known for its innovation and commitment to sustainability, Signify continues to explore new avenues to enhance the productivity and efficiency of lighting solutions worldwide. In 2024, Signify reported impressive sales of EUR 6.1 billion and boasted a workforce of around 29,000 employees across more than 70 countries. Their continuous efforts have led to the company being listed on the Dow Jones Sustainability World Index for eight years in a row while achieving the EcoVadis Platinum rating. This solidifies Signify's position in the top one percent of assessed companies, underscoring their commitment to sustainability and corporate responsibility.
Frequently Asked Questions
What is the main purpose of Signify's share repurchase program?
The primary aim of Signify's share repurchase program is to enhance shareholder value by reducing the number of outstanding shares, which can lead to an increase in earnings per share and potentially higher stock prices.
How many shares has Signify repurchased to date?
As of the latest update, Signify has repurchased a total of 2,832,530 shares under its share repurchase program.
What was the average price per share during the recent repurchase?
The recent share repurchase was conducted at an average price of EUR 22.13 per share.
Who can I contact for more information about Signify's financials?
Investors can contact Thelke Gerdes at +31 6 1801 7131 or email at thelke.gerdes@signify.com for inquiries related to Signify's financial strategies.
Where can I find more information about Signify's sustainability efforts?
Signify's sustainability initiatives and latest news updates can be accessed through their official Investor Relations page and various social media platforms.
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