Philips completes cancellation of 30.0 million shares
June 26 2019 - 6:01AM
Philips completes cancellation of 30.0 million shares
June 26, 2019
Amsterdam, The Netherlands – Royal Philips
(NYSE: PHG, AEX: PHIA) today announced that it has completed the
cancellation of 30,000,000 of its shares. The cancelled shares were
acquired as part of Philips’ recently completed EUR 1.5 billion
share repurchase program that started in the third quarter of 2017,
and of Philips’ ongoing EUR 1.5 billion share repurchase program
that started in the first quarter of 2019. Further details on the
repurchase program can be found here. Philips’ current
issued share capital amounts to EUR 181,055,015.40, representing
905,275,077 common shares.
For further information, please contact:
Ben ZwirsPhilips Group Press OfficeTel.: +31 6 1521 3446E-mail:
ben.zwirs@philips.com
Ksenija GonciarenkoPhilips Investor RelationsTel.: +31 20
5977055E-mail: ksenija.gonciarenko@philips.com
About Royal PhilipsRoyal Philips (NYSE: PHG,
AEX: PHIA) is a leading health technology company focused on
improving people's health 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 2018 sales of EUR 18.1 billion and
employs approximately 77,000 employees with sales and services in
more than 100 countries. News about Philips can be found at
http://www.philips.com/newscenter.
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