An update from Signify NV ( (NL:LIGHT) ) is now available.
Signify announced the repurchase of 145,733 shares between March 10 and March 14, 2025, at an average price of EUR 20.51, totaling EUR 3.0 million. These shares will support the company’s long-term incentive performance share plan and other employee share plans. This buyback is part of a broader program initiated on February 4, 2025, with a total of 830,209 shares repurchased so far, amounting to EUR 17.2 million. The repurchase program underlines Signify’s commitment to managing its capital structure and rewarding its employees, which may positively impact its market positioning and stakeholder relations.
More about Signify NV
Signify, listed on Euronext as LIGHT, is a global leader in lighting solutions for professionals, consumers, and the Internet of Things. The company offers Philips products, Interact systems, and data-enabled services that enhance business value and transform living and working spaces. In 2024, Signify reported sales of EUR 6.1 billion, employed around 29,000 people, and operated in over 70 countries. The company is recognized for its sustainability efforts, being part of the Dow Jones Sustainability World Index for eight years and holding an EcoVadis Platinum rating.
YTD Price Performance: -3.40%
Average Trading Volume: 91,104
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €2.62B
See more insights into LIGHT stock on TipRanks’ Stock Analysis page.