For 44.5% of the currently outstanding shares, an election was made for a share dividend, resulting in the issuance of 14,174,568 new common shares. Upon distribution of the dividend shares, the total issued share capital will amount to EUR 179,614,707.40, representing 898,073,537 common shares.
As communicated earlier, Philips intends to have 19,571,218 shares delivered through the early settlement of forward contracts in the remainder of 2022. These forward contracts were entered into as part of the EUR 1.5 billion share repurchase program for capital reduction purposes, as announced on July 26, 2021. Philips expects to cancel a total of 28,329,673 shares (including 8,758,455 treasury shares already held) before the end of the year, which would result in 869,743,864 issued common shares at year-end 2022 (2021: 883,898,969). More information is available via this link.