Philips completes cancellation of 4.4 million shares

Core Points - Royal Philips has completed the cancellation of 4,437,164 shares as part of a EUR 1.5 billion share repurchase program aimed at capital reduction, which was announced on July 26, 2021 [1] - The current issued share capital of Philips amounts to EUR 187,987,876.80, representing 939,939,384 common shares [2] - Philips generated sales of EUR 18.2 billion in 2023 and employs approximately 69,100 employees, with operations in over 100 countries [3]