Philips Lighting Intends to Repurchase 2.8 Million of its Ordinary Shares From Royal Philips
Philips Lighting announces that it intends to repurchase 2.8 million of its ordinary shares from its largest shareholder Royal Philips. Today Royal Philips announced its intention to offer approximately 17.1 million shares in Philips Lighting, currently owned by Royal Philips, to institutional investors by means of an accelerated bookbuild offering (the “Offering”). The Offering represents approximately 12% of Philips Lighting’s issued share capital. Philips Lighting will not receive any proceeds from the sale.
2017-12-01
ledinside.com