---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-042864"
form_type: "8-K"
ticker: "SIG"
cik: "0000832988"
company_name: "SIGNET JEWELERS LTD"
filed_at: "2024-04-03T23:59:59+00:00"
generated_at: "2026-06-04T03:09:20.940506+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Signet repurchases 50% of convertible preferred shares for $414M; raises FY2025 non-GAAP EPS guidance

## Summary
- Repurchased 312,500 preferred shares (50% of total) from LGP for ~$414M cash; reduces diluted share count by 4.1M (7.6%).
- Amendment to net share settlement reduces diluted share count by additional ~2.9M (5%) at expected prices.
- FY2025 non-GAAP diluted EPS guidance raised to $9.90–$11.52 from $9.08–$10.48; weighted avg diluted shares ~46.3M.
- Remaining $328M stated value of preferred shares carries 5% dividend; transaction funded from $1.4B cash on hand.
- Q1 FY2025 GAAP net income to common shareholders will be reduced by ~$83M as a deemed dividend.

## SEC filing metadata
- accession: 0001104659-24-042864
- form_type: 8-K
- ticker: SIG
- cik: 0000832988
- company_name: SIGNET JEWELERS LTD
- filed_at: 2024-04-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/832988/000110465924042864/0001104659-24-042864-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/832988/000110465924042864/tm2410642d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-042864
- JSON: https://secwatch.observer/filing/0001104659-24-042864.json
- Plain text: https://secwatch.observer/filing/0001104659-24-042864.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.