Feb 08, 2017

Royal Philips sells 26.0 million shares in Philips Lighting for total proceeds of EUR 608 million

Amsterdam, The Netherlands – Today, Koninklijke Philips N.V. (“Royal Philips”) announced that it has successfully completed the accelerated bookbuild offering to institutional investors of 26.0 million shares in Philips Lighting N.V. (“Philips Lighting”) at a price of EUR 23.40 per share (the “Offering”), realizing total proceeds of EUR 608 million.

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About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2018 sales of EUR 18.1 billion and employs approximately 80,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

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