Philips completes cancellation of 21.8 million shares

November 12, 2014

Amsterdam, The Netherlands – Royal Philips (NYSE:PHG, AEX:PHIA) today announced that it has completed the cancellation of 21,837,910 of its shares. The cancelled shares were acquired from October 21, 2013, up to and including October 31, 2014, as part of Philips’ EUR 1.5 billion share repurchase program that started on October 21, 2013, and is executed over a 2-3 year period. The average repurchase price was EUR 24.41 per share.

 

Details of Philips’ share repurchase programs can be found here.

 

In connection with this share capital reduction, Philips has notified the Netherlands Authority for the Financial Markets (AFM) that it currently holds 1.91 per cent of its issued shares.

 

As per today, Philips’ issued share capital amounts to 934,819,413 shares.

For further information, please contact:

Steve Klink
Philips Group 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 115,000 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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