Amsterdam, The Netherlands – Royal Philips (NYSE:PHG, AEX:PHIA) today announced that it has completed the cancellation of 37,778,510 of its own shares, which were acquired for cancellation. The cancelled shares include 35,926,512 shares that were acquired from September 15, 2012, up to and including June 20, 2013, under the EUR 2 billion share repurchase program. This program was announced on July 18, 2011 and was completed June 20, 2013. The cancelled shares further include 1,851,998 shares acquired for cancellation in 2008.
Details of Philips’ share repurchase programs can be found at: https://www.philips.com/about/investor/capitalreallocation/sharerepurchaseprogram/index.page.
In connection with this share capital reduction, Philips has notified the Netherlands Authority for the Financial Markets (AFM) that it currently holds 2.4 per cent of its own issued shares.
As per today, Philips’ issued share capital amounts to 937,845,789 shares.