(Image: LEDinside)

Philips Lighting today announced that the Annual General Meeting of Shareholders (AGM) adopted the proposal to amend the articles of association of the company to change its name from Philips Lighting N.V. to Signify N.V.

The company will start using the name Signify from May 16, 2018 and expects the change to be implemented in all the countries where it is active by the beginning of 2019. The company will continue to use the Philips brand name under the existing licensing agreement with Royal Philips.

Shareholders also approved the appointment of Eelco Blok as member of the Supervisory Board as well as the proposal to pay a dividend of EUR 1.25 per share over 2017. All other proposals made to shareholders at the AGM were also adopted.