Philips Lighting Share Repurchase Periodic Update

(Image: Philips Lighting)

Philips Lighting announced that it has repurchased 338,652 shares in the period May 7, 2018 to May 11, 2018. The shares were repurchased at an average price of EUR 26.26 per share and an aggregate amount of EUR 8.89 million.

As a result of the repurchase of these shares, 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 repurchase program, which was announced on May 2, 2018. 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 492,652 shares for a total consideration of EUR 12.98 million.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

TSLC Corporation, a subsidiary of SemiLEDs, launched sampling of its tri-color Mini LED series, targeted to provide LED display manufacturers with surface-mounting (SMT) compatible devices. The first product in the tri-color multi pixel series... READ MORE

The German chemistry giant BASF has revealed its development of dark automotive paint colors that are reflective to LiDAR for enhancing the detecting function of autonomous cars. LiDAR plays a critical role to the development of autonomous veh... READ MORE