Signify Announces Share Repurchase to Support Employee Incentive Plans

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

Signify NV announced the repurchase of 136,171 shares between February 10 and February 14, 2025, at an average price of EUR 20.85 per share, totaling EUR 2.8 million. This move is part of a broader share repurchase program that aims to support the company’s long-term incentive plans for employees, reflecting a strategic focus on rewarding and retaining talent. The total shares repurchased under this program now amount to 247,677 shares, costing EUR 5.1 million in total, showcasing Signify’s commitment to its employee incentive plans and operational strategies.

More about Signify NV

Signify NV, listed on Euronext as LIGHT, is a global leader in lighting solutions for professionals, consumers, and the IoT. With renowned Philips products, Interact systems, and data-enabled services, the company reported EUR 6.1 billion in sales in 2024, operates across 70 countries, and employs around 29,000 people. Signify is noted for its sustainability achievements, including being part of the Dow Jones Sustainability World Index for eight years and receiving an EcoVadis Platinum rating for five years.

YTD Price Performance: -0.93%

Average Trading Volume: 77,035

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €2.67B

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