Philips completes cancellation of 8.54 million shares
December 24 2019 - 11:15AM
December 24, 2019
Amsterdam, the Netherlands – Royal Philips
(NYSE: PHG, AEX: PHIA) today announced that it has completed the
cancellation of 8,541,356 of its shares. The cancelled shares were
acquired as part of Philips’ 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 179,346,744.20
representing 896,733,721 common shares.
For further information, please contact:
Steve KlinkPhilips Global Press OfficeTel.: +31 6
10888824E-mail: steve.klink@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 80,000 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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