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6 months ago
BRIEF-Philips Lighting intends to repurchase 3.5 mln shares from Royal Philips
February 8, 2017 / 5:59 PM / 6 months ago

BRIEF-Philips Lighting intends to repurchase 3.5 mln shares from Royal Philips

1 Min Read

Feb 8 (Reuters) - Philips Lighting NV:

* Philips lighting intends to repurchase 3.5 million shares from Royal Philips

* Offering represents approximately 14.8 pct of Philips Lighting's outstanding share capital

* Royal Philips stake will be reduced to approximately 56.392 pct if all offered shares are sold

* Transaction is expected to settle on February 13, 2017

* Royal Philips has announced that it agreed to a new lock-up in respect of its remaining stake in Philips Lighting until April 21

* Royal Philips announced its intention to offer approximately 22.25 million shares in Philips Lighting, representing 14.8% of Philips lighting's outstanding share capital Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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