Press Release

16 April 2025

Signify completes share repurchases to cover share-based remuneration and continues with the share repurchases for capital reduction

Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced that it completed the share repurchases to cover obligations arising from Signify’s long-term incentive performance share plan and other employee share plans. The repurchases were made as part of the company’s share repurchase program, which was announced on February 4, 2025.

In the period April 14 to April 15, Signify repurchased 28,138 shares. The shares were repurchased at an average price of EUR 18.40 per share and an aggregate amount of EUR 0.5 million. The total number of shares repurchased under the program to date is 1,345,537 shares for a total consideration of EUR 27.5 million.

As from April 16, the share repurchases under the share repurchase program will be allocated to the cancellation of shares.

Details on the share buyback transactions can be found here.

Press Release

April 14, 2025

Signify share repurchase period update 

Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced that it has repurchased 57,633 shares in the period April 07 to April 11, 2025. The shares were repurchased at an average price of EUR 17.32 per share and an aggregate amount of EUR 1.0 million. Signify will use these repurchased shares to cover obligations arising from Signify’s long-term incentive performance share plan and other employee share plans.

The repurchases were made as part of the company’s share repurchase program, which was announced on February 4, 2025. The total number of shares repurchased under this program to date is 1,317,399 shares for a total consideration of EUR 27.0 million.

Details on the share buyback transactions can be found here.

Press Release

April 07, 2025

Signify share repurchase period update 

Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced that it has repurchased 131,068 shares in the period March 31 to April 04, 2025. The shares were repurchased at an average price of EUR 19.22 per share and an aggregate amount of EUR 2.5 million. Signify will use these repurchased shares to cover obligations arising from Signify’s long-term incentive performance share plan and other employee share plans.

The repurchases were made as part of the company’s share repurchase program, which was announced on February 4, 2025. The total number of shares repurchased under this program to date is 1,259,766 shares for a total consideration of EUR 26.0 million.

Details on the share buyback transactions can be found here.

Press Release

March 31, 2025

Signify share repurchase period update 

Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced that it has repurchased 150,641 shares in the period March 24 to March 28, 2025. The shares were repurchased at an average price of EUR 20.87 per share and an aggregate amount of EUR 3.1 million. Signify will use these repurchased shares to cover obligations arising from Signify’s long-term incentive performance share plan and other employee share plans.

The repurchases were made as part of the company’s share repurchase program, which was announced on February 4, 2025. The total number of shares repurchased under this program to date is 1,128,698 shares for a total consideration of EUR 23.5 million.

Details on the share buyback transactions can be found here.

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Press Release

February 17, 2025


Signify share repurchase period update 


Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced that it has repurchased 136,171 shares in the period February 10 to February 14, 2025. The shares were repurchased at an average price of EUR 20.85 per share and an aggregate amount of EUR 2.8 million. Signify will use these repurchased shares to cover obligations arising from Signify’s long-term incentive performance share plan and other employee share plans.


The repurchases were made as part of the company’s share repurchase program, which was announced on February 4, 2025. The total number of shares repurchased under this program to date is 247,677 shares for a total consideration of EUR 5.1 million.


Details on the share buyback transactions can be found here.

Press Release

February 10, 2025


Signify share repurchase period update 


Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced that it has repurchased 111,506 shares in the period February 4 to February 7, 2025. The shares were repurchased at an average price of EUR 20.72 per share and an aggregate amount of EUR 2.3 million. Signify will use these repurchased shares to cover obligations arising from Signify’s long-term incentive performance share plan and other employee share plans.

The repurchases were made as part of the company’s share repurchase program, which was announced on February 4, 2025.

Details on the share buyback transactions can be found here. 

Press Release

February 4, 2025

Signify starts EUR 150 million share repurchase program 


Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced the start of its share repurchase program to buy back up to EUR 150 million of its own shares, as announced in its press release of January 24, 2025. 


An allocation of up to EUR 30 million will be used to cover obligations arising from Signify’s long-term incentive performance share plan and other employee share plans, which repurchases will be completed first. The remainder of the share repurchases will be allocated to the cancellation of shares. 


The program will begin on February 4, 2025 and is expected to be completed by the end of 2025. 


At the current share price, the EUR 150 million share repurchase program represents a total of approximately 7 million shares or 5.5% of the company issued share capital. 


The program will be executed by an intermediary to allow for share repurchases in the open market during both open and closed periods. The program will be executed within the limits of relevant laws and regulations and the authority granted by the Annual General Meeting of Shareholders on May 14, 2024, and of the authority to be granted by future AGMs.


Signify will update the market on the progress of the share repurchase program via the company’s website and through press releases as appropriate.

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January 24, 2025
 
Signify announces that CEO Eric Rondolat will step down after the AGM 2025 
 
Eindhoven, Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, announced today that CEO Eric Rondolat will step down from the company’s Board of Management after the Annual General Meeting of shareholders (AGM) to be held on April 25, 2025. Eric Rondolat has held the position of Chief Executive Officer and Chair of the Board of Management at Signify since the company was listed on the Euronext Amsterdam stock exchange in May 2016. Before that, he was Executive Vice President and Chief Executive Officer for Lighting at Philips from April 2012 to May 2016.
 
The Supervisory Board and Eric Rondolat have agreed that the time is right for a change of leadership. The Supervisory Board will now conduct the search for a successor and will consider both internal and external candidates.
 
"It has truly been a great honor for me to lead this exceptional company through the demanding transformation of the lighting industry. I am immensely proud of what our teams have achieved, building the industry leader in a new technological era. Together, we have developed a culture of responsible innovation and set new benchmarks for sustainable growth, while enhancing our teams’ solidarity and customer centricity,” said Eric Rondolat, CEO of Signify. “As we conclude this important chapter of our transformation, I am very confident that Signify will continue to lead and successfully execute its growth strategy. While the Supervisory Board conducts its search, I remain more than ever committed to my colleagues, our customers, investors and other stakeholders." 
 
"On behalf of the Supervisory Board, I would like to express our gratitude to Eric for his vision and dedication, as he led the business for more than twelve years,” said Gerard van de Aast, Chair of the Supervisory Board of Signify. “Under his leadership, Eric successfully delivered the company’s separation from Philips and IPO, continually establishing Signify as the global leader in lighting for professionals and consumers. His experience and unrivalled knowledge of the market have been essential to successfully navigating the challenging and dynamic market conditions of recent years. His foresight led to the transformation of the business to LED and connected lighting technologies. In doing so, he has set the course for Signify to continue to lead the lighting industry through the digital age. We are pleased that Eric will remain with the business until the AGM 2025."

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June 14, 2024

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