Investor Relations

Share repurchases

Share buyback programs for capital reduction purposes

On January 29, 2019, Philips announced a share buyback program for an amount of up to EUR 1.5 billion for capital reduction purposes. Philips intends to start the program in the first quarter of 2019 and expects to complete it within two years. Under this program, Philips will repurchase shares in the open market via an intermediary to allow for buybacks in the open market during both open and closed periods, in accordance with the EU Market Abuse Regulation. Philips intends to cancel all of the shares acquired under this program. An overview of the details of all transactions entered into under this program, will be published below. The program is an addition to the existing program as announced on June 28, 2017.

On June 28, 2017, Philips announced its current EUR 1.5 billion share buyback program for capital reduction purposes. Under that program, which was initiated in the third quarter of 2017, Philips repurchased shares in the open market and entered into a number of forward transactions, part of which are to yet be settled in Q2 2019. Philips intends to cancel all of the shares acquired under this program.

 

Transaction date

Number of shares

Price per share

Settlement Date

July 25, 2017

2,100,000

31.84

April 25, 2019

 

2,100,000

31.08

May 31, 2019

 

2,100,000

31.08

June 19, 2019

August 9, 2017

1,000,000

31.15

April 25, 2019

 

1,000,000

30.40

May 31, 2019

 

1,000,000

30.41

June 19, 2019

August 16, 2017

3,100,000

31.20

April 25, 2019

 

3,100,000

30.58

May 31, 2019

 

3,100,000

30.59

June 19, 2019

September 8, 2017

1,000,000

33.50

October 19, 2018

 

1,000,000

33.50

November 23, 2018

 

1,000,000

33.51

December 21, 2018

September 15, 2017

2,300,000

34.23

October 19, 2018

 

2,300,000

34.22

November 23, 2018

 

2,300,000

34.22

December 21, 2018

October 24, 2017

840,000

34.07

October 23, 2018

 

840,000

34.08

November 20, 2018

 

840,000

34.09

December 27, 2018

 

Furthermore, under this program of June 28, 2017, Royal Philips has repurchased common shares via an intermediary to allow for buybacks in the open market during both open and closed periods. Please see below an overview of the details of such transactions.

Share repurchase program for LTI's and stock purchase plans

On October 22, 2018, Royal Philips announced and started a share repurchase program for an amount of up to EUR 174 million to cover its long-term incentive and employee stock purchase plans, after which it repurchased shares via an intermediary to allow for buybacks in the open market during both open and closed periods. On November 12, 2018, Royal Philips announced to extend this program with the repurchase of an additional up to 10 million shares. To this end, Philips intends to also enter into a number of forward transactions with several financial institutions, to be settled at future dates over the course of the program until 2022. Please see below an overview of the details of all transactions entered into under this program.

Transaction date

Number of shares

Price per share

Settlement Date

November 12, 2018

1,400,000

32.5750

October 23, 2019

 

1,300,000

32.5767

November 20, 2019

 

1,300,000

32.5780

December 11, 2019

November 21, 2018

1,400,000

31.5497

October 21, 2020

 

1,300,000

31.5601

November 18, 2020

 

1,300,000

31.5750

December 16, 2020

December 4, 2018

1,000,000

31.1233

October 22, 2021

 

1,000,000

31.1233

November 19, 2021