July 17, 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 100,000 shares in the period July 10, 2017 to July 14, 2017. The shares were repurchased at an average price of EUR 33.05 per share and an aggregate amount of EUR 3.31 million.
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 847,623 shares for a total consideration of EUR 28.38 million.
Details on the share buyback transactions can be found here.
For further information, please contact:
Philips Lighting Investor Relations
Tel: +31 6 1594 4569
Philips Lighting Corporate Communications
Elco van Groningen
Tel: +31 6 1086 5519
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