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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]