Signify N.V. (ENXTAM:LIGHT) commences share repurchases on February 24, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 18, 2021. As per the mandate, the company is authorized to repurchase its own shares, such that the company's holding in treasury does not exceed 10% of its issued share capital. The shares will be repurchased at a price between the nominal value of the ordinary shares and 110% of the market price of the ordinary shares, which is the average of the highest price on each of the five days of trading prior to the date of acquisition, as shown in the Official Price List of Euronext Amsterdam.

The purpose of program is to give the board of management flexibility in repurchasing of ordinary shares in the company for amongst others the return of capital to its shareholders and/or to fulfill the company's obligations under the long term incentive plans or any other employee shares plans. The program is valid for 18 months.