Total 250 million! PHILPS lighting up the stock repurchase program

The global leader PHILPS lighting lighting yesterday (22) announced on the stock repurchase program, intends to repurchase 1 million 50 thousand shares of its own stock. PHILPS lighting will use these stocks to fulfill brought about by the long-term performance of the stock incentive plan and employee stock ownership plan obligations.

The program will begin in May 22, 2017, is expected to be completed within the next three months. Intends to purchase 1 million 50 thousand shares of the company accounted for approximately 0.7% of the issued share capital. According to the current stock repurchase program, the total value of about 32 million euros (about 248 million yuan).

PHILPS lighting will continue to hold the stock repurchase, until the employee stock incentive payment is completed. The plan will be carried out by the middleman, allowing the company to open during the period and closed in the open market repurchase stock. The plan will be in accordance with the relevant laws and regulations and the May 9, 2017 shareholders' meeting authorized scope of implementation. (compiled: LEDinside Nicole)

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