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Jun 26, 2020

Philips’ General Meeting of Shareholders approves dividend proposal

Amsterdam, the NetherlandsRoyal Philips (NYSE: PHG, AEX: PHIA) announced that today’s Extraordinary General Meeting of Shareholders (EGM) approved the proposal to declare a distribution of EUR 0.85 per common share against the net income for 2019, in shares only.

 

The dividend timetable is as follows:

 

Ex-dividend date: June 30, 2020

Dividend record date: July 1, 2020

Announcement of ratio and number of dividend shares: July 6, 2020

Payment date: As from July 7, 2020

 

The number of share dividend rights entitled to one new common share will be determined based on the volume-weighted average price of all traded common shares of Koninklijke Philips N.V. at Euronext Amsterdam on June 30, and July 1 and 2, 2020. The company will calculate the number of share dividend rights entitled to one new common share, such that the gross dividend in shares will be approximately equal to EUR 0.85.

 

For more information about Philips’ EGM, which was held today in Amsterdam, please click on this link.

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 2019 sales of EUR 19.5 billion and employs approximately 81,000 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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Ben Zwirs

Ben Zwirs

Philips Global Press Office

Tel: +31 6 1521 3446

Derya Guzel

Philips Investor Relations

Tel.: +31 20 59 77055

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