The share repurchase program began on May 2, 2018 and is expected to be completed by the second quarter. The 1.5 million shares to be repurchased accounted for approximately 1.1% of the company's issued share capital. Based on the current stock price, the value of this repurchase is approximately 38 million euros (equivalent to approximately RMB 290 million). Philips Lighting announced on the 2nd that it will start repurchasing more than 1.5 million shares, which the company will use to offset the debt generated by the long-term incentive performance share plan and other employee shareholding plans. The share repurchase program began on May 2, 2018 and is expected to be completed by the second quarter. The 1.5 million shares to be repurchased accounted for approximately 1.1% of the company's issued share capital. Based on the current stock price, the value of this repurchase is approximately 38 million euros (equivalent to approximately RMB 290 million). Philips Lighting intends to hold the repurchased shares in the Finance Department until the employee share incentives are completed. In addition, the share repurchase program will be implemented by an intermediary agency under the authority of the annual general meeting of shareholders on May 9, 2017, in accordance with relevant laws and regulations during the opening and closing of the open market. It is reported that Philips Lighting successfully completed the repurchase of 2.2 million shares on February 27, 2018, with a total amount of approximately 71 million euros (equivalent to approximately RMB 552 million). In addition, Philips Lighting will update the repurchase of shares in a one-week press release and will also be posted on the company's website. (
Information of company and product
1)Wire diameter(thickness): 0.15mm to 50mm
2)Material: Carbon steel(SWC), cold roller steel, stainless steel(SUS),
beryllium copper, phosphor copper, brass, music wire or piano wire
(SWP), 60Si2Mn, 55CrSi etc
3)Finish: blacking, zinc/nickel/chrome/silver/gold plating, powder
coated etc
4)Application: Electronic products, Children`s toys, Locks, Watches, Glasses,
Baby carriage, Bicycle, Kitchen appliances, Cameras, Printers, Office
equipment, Precision equipment and various kinds of vehicles
Professional Customize Metal Stamping,Custom Stainless Steel,Brass Stamping Parts,Metal Stamping Press
Baoding Henglian Mechanical Co.,Ltd , https://www.hengliancasting.com