Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) (NYSE: PHG, AEX: PHIA) today announced that the exchange ratio for the dividend in shares for the year 2017 has been determined. The exchange ratio is 1 new common share for every 44.2563 existing common shares. This ratio was based on the volume weighted average price on Euronext Amsterdam of May 30 and 31, and June 1, 2018, of EUR 35.3750 and was calculated in a manner that the gross dividend in shares is approximately equal to the gross dividend in cash.
Shareholders were given the opportunity to make their choice between cash and shares between May 9, 2018 and June 1, 2018. If no choice was made during this election period, the dividend will be paid in cash. Both the dividend in cash and the dividend in shares will be made payable to shareholders from June 6, 2018.
On the dividend record date, May 8, 2018 the total number of common shares outstanding, after deduction of treasury shares was 922,390,075 shares (2017: 927,486,796 shares). For 45.7% of the shares, an election was made for a share dividend, resulting in the issuance of 9,533,223 new common shares (2017: 48.3% and 11,264,163 new common shares, respectively).