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Monday, 19 June 2017

Philips Lighting share buyback periodic update

Philips Lighting    

Philips Lighting share buyback periodic update

Press Release

 

 

June 19, 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 142,830 shares in the period June 12, 2017 to June 16, 2017. The shares were repurchased at an average price of EUR 34.20 per share and an aggregate amount of EUR 4.88 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 406,473 shares for a total consideration of EUR 13.53 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@philips.com

 

Philips Lighting Corporate Communications

Elco van Groningen

Tel: +31 6 1086 5519

E-mail: elco.van.groningen@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 (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Philips Lighting, High Tech Campus 48, Eindhoven NL-5656 AE, The Netherlands
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