The value of about 290 million! PHILPS began to repurchase 1 million 500 thousand shares of super lighting

PHILPS lighting yesterday (2) announced to repurchase more than 1 million 500 thousand shares, the company will use these shares to offset the long-term incentive plans and other performance shares ESOP debt incurred.

Share repurchase program started in May 2, 2018, is expected in the second quarter before. 1.1% to repurchase 1 million 500 thousand shares of about accounting for the company's issued share capital, calculated in accordance with the current stock price, the repurchase of shares worth about 38 million euros (about 290 million yuan).

PHILPS intends to repurchase shares of the lighting in the financial department, until the employee stock incentive grant is completed. In addition, the share repurchase plan will be in the open market opening and closing period, in accordance with the relevant laws and regulations, in the May 9, 2017 annual shareholders' meeting authorized, executed by an agency.

In addition, PHILPS lighting will update the progress of the repurchase of shares in a week of release, and will also be posted on the company's website.

It is reported that PHILPS lighting has been successfully completed in February 27, 2018 to repurchase 2 million 200 thousand shares, the total amount of about 71 million euros (about 552 million yuan). (compiled: LEDinside Janice)

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