Philips completes cancellation of 4.4 million shares
19 Junho 2024 - 8:00AM
Philips completes cancellation of 4.4 million shares
June 19, 2024
Amsterdam, the Netherlands – Royal Philips
(NYSE: PHG; AEX: PHIA) today announced that it has completed the
cancellation of 4,437,164 of its shares. The cancelled shares were
acquired as part of the completed EUR 1.5 billion share repurchase
program for capital reduction purposes that was announced on July
26, 2021.
Philips’ current issued share capital amounts to EUR
187,987,876.80 representing 939,939,384 common shares.
More information is available here.
For further information, please
contact:
Ben ZwirsPhilips External RelationsTel.: +31 6 1521 3446E-mail:
ben.zwirs@philips.com
Dorin DanuPhilips Investor RelationsTel.: +31 20 59 77055E-mail:
dorin.danu@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 through meaningful
innovation. Philips’ patient- and people-centric innovation
leverages advanced technology and deep clinical and consumer
insights to deliver personal health solutions for consumers and
professional health solutions for healthcare providers and their
patients in the hospital and the home. Headquartered in the
Netherlands, the company is a leader in diagnostic imaging,
ultrasound, image-guided therapy, monitoring and enterprise
informatics, as well as in personal health. Philips generated 2023
sales of EUR 18.2 billion and employs approximately 69,100
employees with sales and services in more than 100 countries. News
about Philips can be found at www.philips.com/newscenter.
Forward-looking statements
This release contains certain forward-looking statements with
respect to the financial condition, results of operations and
business of Philips and certain of the plans and objectives of
Philips with respect to these items. Examples of forward-looking
statements include statements made about the strategy, estimates of
sales growth, future EBITA, future developments in Philips’ organic
business and the completion of acquisitions and divestments. By
their nature, these statements involve risk and uncertainty because
they relate to future events and circumstances and there are many
factors that could cause actual results and developments to differ
materially from those expressed or implied by these statements.
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