Update on Signify Share Buyback
On August 10, Signify announced that it has repurchased 82,008 shares between August 3 and August 7, 2020. The average buyback price was €26.41 per share, with a total amount of €2.2 million.
These buybacks are part of the share repurchase program announced by Signify on July 30, 2020. Signify will use these shares to settle obligations arising from its Long-Term Incentive Performance Share Plan and other employee share plans. To date, a total of 259,008 shares have been repurchased under this program, at a total consideration of €6.7 million.