Philips announces exchange ratio for 2019 dividend
July 06 2020 - 05:00AM
July 6, 2020
Amsterdam, the Netherlands – Royal Philips
(NYSE: PHG; AEX: PHIA) today announced that the exchange ratio for
the dividend for the year 2019 has been determined. The exchange
ratio is 1 new common share for every 49.2971 existing common
shares. This ratio was based on the volume weighted average price
on Euronext Amsterdam of June 30, and July 1 and 2, 2020, of EUR
41.8725 and was calculated in a manner that the gross dividend in
shares will be approximately equal to EUR 0.85. As a result,
Philips will issue a total number of 18,080,198 new common
shares.
The dividend will be made payable to shareholders from July 7,
2020. Upon payment of the dividend, the total issued share capital
will amount to EUR 182,210,600.20, representing 911,053,001 common
shares. After deduction of treasury shares, the total number of
outstanding shares will be 909,395,209 shares (2019:
909,194,188).
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 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 2019 sales of EUR 19.5 billion and
employs approximately 81,000 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.
Koninklijke Philips NV (NYSE:PHG)
Historical Stock Chart
From Feb 2024 to Mar 2024
Koninklijke Philips NV (NYSE:PHG)
Historical Stock Chart
From Mar 2023 to Mar 2024