Brief: Signify Launches Share Repurchase Program Of Up To 450,000 Shares

Signify

29/04/2024 07:03

April 29 (Reuters) - Signify NV  LIGHT.AS :
    * REG-SIGNIFY STARTS SHARE REPURCHASE PROGRAM OF UP TO
450,000
SHARES TO COVER PERFORMANCE SHARE PLANS
    * BUYBACK PROGRAM WILL START ON APRIL 29, 2024 AND IS
EXPECTED TO
BE COMPLETED IN Q2
    * 450,000 SHARES INTENDED TO BE BOUGHT REPRESENT
APPROXIMATELY
0.4% OF COMPANY'S ISSUED SHARE CAPITAL
    * REPURCHASE PROGRAM REPRESENTS A TOTAL VALUE OF
APPROXIMATELY EUR
11 MILLION
    * SIGNIFY WILL USE SHARES TO COVER OBLIGATIONS ARISING FROM
ITS
LONG-TERM INCENTIVE PERFORMANCE SHARE PLAN AND OTHER EMPLOYEE
SHARE PLANS

Source text for Eikon:  ID:nGNE8fL4pV 
Further company coverage:  LIGHT.AS 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))