Philips announces exchange ratio for 2013 dividend in shares

June 3, 2014

Amsterdam, the Netherlands – Royal Philips (NYSE:PHG, AEX:PHIA) today announced that the exchange ratio for the dividend in shares for the year 2013 has been determined. The exchange ratio is 1 new common share for every 29.0185 existing common shares. This ratio was based on the volume weighted average price on NYSE Euronext Amsterdam of May 28, 29 and 30, 2014, of EUR 23.1848 and was calculated in a manner that the gross dividend in shares is approximately equal to the gross dividend in cash. 

 

Both the dividend in cash and the dividend in shares will be made payable to shareholders from June 4, 2014. Dividend in shares is subject to 15% dividend withholding tax, but only in respect of the par value of the shares (EUR 0.20 per share). The dividend withholding tax per new share is EUR 0.03, which was taken into account in the calculation of the exchange ratio.

 

For 60.0% of the shares an election was made for a share dividend resulting in the issue of 18,811,534 new common shares, leading to a 2.1% dilution. Following the payment of the dividend on June 4, 2014, the total issued share capital of Philips amounts to EUR 191,331,465 and is represented by 956,657,323 ordinary shares.

 

For further information, please contact:

Steve Klink
Philips Corporate Communications
Tel.: +31 6 10888824
E-mail: steve.klink@philips.com 

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About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2013 sales of EUR 23.3 billion and employs approximately 112,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at www.philips.com/newscenter.

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