Philips Lighting intends to change its name from Philips Lighting to Signify. The choice of the new company name originates from the fact that light has become an intelligent language, which connects and conveys meaning.
The company will continue to use the Philips brand under a licensing agreement with Royal Philips.
Philips Lighting’s roots date back more than 125 years to the business founded by Frederik and Gerard Philips in 1891 in the Dutch town of Eindhoven. Today, the company makes conventional, LED and connected lighting, with the largest connected lights network in the world.
The new company name satisfies the company’s contractual requirements under the Company Name License Agreement with Royal Philips, which requires that it changes less than 18 months after Royal Philips no longer has a controlling interest.
In view of the renaming of the company, a proposal to amend the articles of association of Philips Lighting NV will be submitted to the Annual General Meeting of Shareholders to be held on 15 May. The Philips Lighting NV stock exchange ticker will remain (Euronext: LIGHT).
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