Amsterdam, The Netherlands – Royal Philips Electronics (NYSE:PHG, AEX:PHIA) today announced that it has completed the cancellation of 82,364,590 of its own shares, which were acquired for cancellation during the period July 18, 2011 up to and including September 14, 2012. The average repurchase price was EUR 15.03 per share. These shares have been repurchased under the EUR 2 billion share repurchase program, which Philips announced on July 18, 2011.
In connection with this share capital reduction, Philips has notified the Netherlands Authority for the Financial Markets (AFM) that it currently holds 3.4 per cent of its own issued shares.
As per today, Philips’ issued share capital amounts to 957,132,962 shares.