Philips completes cancellation of 33.5 million shares
29 Dicembre 2021 - 1:30PM
Philips completes cancellation of 33.5 million shares
December 29, 2021
Amsterdam, the Netherlands – Royal Philips
(NYSE: PHG; AEX: PHIA) today announced that it has completed the
cancellation of 33.5 million of its shares. Philips’ current issued
share capital amounts to EUR 176,779,793.80 representing
883,898,969 common shares.
The cancelled shares include 20.5 million shares acquired under
the EUR 1.5 billion share repurchase program* that was initiated in
the first quarter of 2019, and is now completed.
The cancelled shares further include 13.0 million shares that
Philips acquired under the ongoing EUR 1.5 billion share buyback
program* that was announced on July 26, 2021. These shares were
acquired through open market purchases in the fourth quarter of
2021. In the third quarter of 2021, Philips had already entered
into a number of forward transactions, covering approximately half
of this program, with settlement dates in 2022, 2023 and 2024.
Further details on Philips’ current repurchase program and
previous programs can be found here.
* For capital reduction purposes
For further information, please
contact:
Ben ZwirsPhilips Global Press OfficeTel.: +31 6 15213446E-mail:
ben.zwirs@philips.com
Derya GuzelPhilips Investor RelationsTel.: +31 20 59
77055E-mail: derya.guzel@philips.com
About Royal PhilipsRoyal Philips (NYSE: PHG,
AEX: PHIA) is a leading health technology company focused on
improving people's health and well-being, and enabling better
outcomes across the health continuum – from healthy living and
prevention, to diagnosis, treatment and home care. Philips
leverages advanced technology and deep clinical and consumer
insights to deliver integrated solutions. Headquartered in the
Netherlands, the company is a leader in diagnostic imaging,
image-guided therapy, patient monitoring and health informatics, as
well as in consumer health and home care. Philips generated 2020
sales of EUR 17.3 billion and employs approximately 78,000
employees with sales and services in more than 100 countries. News
about Philips can be found at www.philips.com/newscenter.
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