Philips announces exchange ratio for 2024 dividend

Group 1 - Royal Philips announced a dividend exchange ratio of 1 new common share for every 23.6353 existing common shares, based on a volume weighted average price of EUR 20.0600, resulting in a gross dividend in shares of approximately EUR 0.85 [1] - A total of 22,980,748 new common shares will be issued as part of the dividend distribution [1] - Shareholders had the option to choose between a dividend in shares or cash, with 41.4% opting for cash, which is below the 50% maximum threshold [2] Group 2 - The delivery of new common shares and payment of cash dividends will occur from June 6, 2025, with the total issued share capital reaching EUR 192,584,026, equivalent to 962,920,132 common shares [3] - Royal Philips generated sales of EUR 18 billion in 2024 and employs approximately 67,200 people across more than 100 countries [5] - The company is a leader in health technology, focusing on diagnostic imaging, ultrasound, image-guided therapy, monitoring, and personal health solutions [5]