Philips Lighting share buyback periodic update
(Thomson Reuters ONE) -
Press Release
July 24, 2017
Philips Lighting share buyback periodic
update
Eindhoven, the Netherlands - Philips Lighting (Euronext Amsterdam ticker:
LIGHT), a global leader in lighting, today announced it has repurchased 106,500
shares in the period July 17, 2017 to July 21, 2017. The shares were repurchased
at an average price of EUR 32.94 per share and an aggregate amount of EUR 3.51
million.
Accordingly, Philips Lighting's interest in its own shares has risen above 3%
and as a result, the company notified the Netherlands Authority for the
Financial Markets (AFM).
These repurchases were made as part of the company's buyback program, which was
announced on May 22, 2017. Philips Lighting will use the shares to cover
obligations arising from its long-term incentive performance share plan and
other employee share plans. The total number of shares repurchased under this
program to date is 954,123 shares for a total consideration of EUR 31.89
million.
Details on the share buyback transactions can be found here.
For further information, please contact:
Philips Lighting Investor Relations
Robin Jansen
Tel: +31 6 1594 4569
E-mail: robin.j.jansen(at)philips.com
Philips Lighting Corporate Communications
Elco van Groningen
Tel: +31 6 1086 5519
E-mail: elco.van.groningen(at)philips.com
About Philips Lighting
Philips Lighting (Euronext Amsterdam ticker: LIGHT), a global leader in lighting
products, systems and services, delivers innovations that unlock business value,
providing rich user experiences that help improve lives. Serving professional
and consumer markets, we lead the industry in leveraging the Internet of Things
to transform homes, buildings and urban spaces. With 2016 sales of EUR 7.1
billion, we have approximately 34,000 employees in over 70 countries. News from
Philips Lighting is located at the Newsroom, Twitter and LinkedIn. Information
for investors can be found on the Investor Relations page.
Link to downloadable PDF
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Philips Lighting via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 24.07.2017 - 13:00 Uhr
Sprache: Deutsch
News-ID 553577
Anzahl Zeichen: 2701
contact information:
Town:
Eindhoven
Kategorie:
Business News
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"Philips Lighting share buyback periodic update"
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