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Philips intends to extend maturity of forward purchases of 4 million shares for long-term incentive plans
Globenewswire· 2025-09-15 08:00
Group 1 - Royal Philips intends to extend the settlement of two forward contracts for 2 million long-term incentive plan shares each, postponing the maturity dates from Q4 2025 to Q4 2026 as part of its share repurchase program announced on June 14, 2023 [1] - Philips generated sales of EUR 18 billion in 2024 and employs approximately 67,300 employees, with operations in over 100 countries [3] - The company focuses on health technology, emphasizing patient- and people-centric innovation to improve health and well-being through advanced technology and clinical insights [2][3] Group 2 - Philips is a leader in various sectors including diagnostic imaging, ultrasound, image-guided therapy, monitoring, enterprise informatics, and personal health [3] - The company’s share repurchase program is part of its broader strategy to enhance shareholder value [1]
Philips announces exchange ratio for 2024 dividend
GlobeNewswire News Room· 2025-06-05 08:00
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]
Philips announces exchange ratio for 2024 dividend
Globenewswire· 2025-06-05 08:00
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]