Amsterdam, the Netherlands – Royal Philips (NYSE:PHG, AEX:PHIA) today announced that the exchange ratio for the dividend in shares for the year 2012 has been determined. The exchange ratio is 1 new common share for every 29.2256 existing common shares. This ratio was based on the volume weighted average price on NYSE Euronext Amsterdam of May 29, 30 and 31, 2013 of EUR 22.2127 and was calculated in a manner that dividend in shares is approximately 1.5 % higher than the gross dividend in cash.
Both the dividend in cash and the dividend in shares will be made payable to shareholders from June 5, 2013. 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 0.035294118. This withholding tax in case of dividend in shares will be borne by Philips.
For approximately 59.8% of the shares an election was made for a share dividend resulting in the issue of 18,491,337 new common shares, leading to a 2.1% percent dilution. Per June 5, 2013 the issued share capital of Philips amounts to EUR 195,124,859.80 and is represented by 975,624,299 ordinary shares.