Investor Relations

Share repurchases

Share repurchase program for LTI's and stock purchase plans

On 22 October 2018, Royal Philips announced a share repurchase program for an amount of up to EUR 174 million to cover its long-term incentive and employee stock purchase plans. Philips started the program as per 22 October 2018 and it is expected to be completed before 10 November 2018. All transactions will be published here on a weekly basis.

Share buyback program for capital reduction purposes

On June 28, 2017, Royal Philips announced a EUR 1.5 billion share buyback program. Philips started the program in the third quarter of 2017, and intends to complete it in two years. As the program was initiated for capital reduction purposes, Philips intends to cancel all of the shares acquired under the program.

Under this program, Royal Philips so far has entered into a number of forward transactions with a number of financial institutions, to be settled at future dates over the course of the 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, 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.