Members of the Board of Management, the Executive Committee and the Supervisory Board are only allowed to trade in Philips securities (including the exercise of stock options) during ‘windows’ of twenty business days following the publication of annual and quarterly results (provided the person involved has no 'inside information' regarding Philips at that time). They shall only hold shares in Philips for the purpose of long-term investment and must refrain from short-term transactions in Philips securities.
The members of the Board of Management, the Executive Committee and the Supervisory Board are furthermore prohibited, during certain blocked periods preceding the publication of annual and quarterly results, from trading directly or indirectly in securities issued by any of the peer companies (which together reflect the business portfolio of Philips) as determined by the Supervisory Board and published in the company’s Annual Report.
Pursuant to the European Market Abuse Regulation, the members of the Board of Management and the Supervisory Board have to notify the Dutch Authority for the Financial Markets (AFM) of any transaction in Philips securities concluded by or on behalf of them. The AFM discloses the notified transactions on its website (www.afm.nl).