Philips announces exchange ratio for 2018 dividend in shares
12 Junio 2019 - 04:00AM
Philips announces exchange ratio for 2018 dividend in shares
June 12, 2019
Amsterdam, the Netherlands – Royal Philips
(NYSE: PHG; AEX: PHIA) today announced that the exchange ratio for
the dividend in shares for the year 2018 has been determined. The
exchange ratio is 1 new common share for every 41.6233 existing
common shares. This ratio was based on the volume weighted average
price on Euronext Amsterdam of June 5, 6 and 7, 2019, of EUR
35.3498 and was calculated in a manner that the gross dividend in
shares is approximately equal to the gross dividend in cash.
Shareholders were given the opportunity to make their choice
between cash and shares between May 15, 2019 and June 7, 2019. If
no choice was made during this election period, the dividend will
be paid in cash. Both the dividend in cash and the dividend in
shares will be made payable to shareholders from June 13, 2019.
For 41.5% of the shares, an election was made for a share
dividend, resulting in the issuance of 9,079,538 new common shares.
Upon payment of the dividend, the total issued share capital will
amount to EUR 187,055,015.40, representing 935,275,077 common
shares. After deduction of treasury shares, the total number of
outstanding shares will be 909,194,188 shares (2018: 931,657,897).
Philips expects to cancel approximately 30,000,000 treasury shares
in June 2019.
For further information, please
contact:
Martijn van der StarrePhilips Group Press OfficeTel.: +31 6 2847
4617E-mail martijn.van.der.starre@philips.com
Ksenija Gonciarenko Philips Investor RelationsTel.: +31 20
5977055E-mail: ksenija.gonciarenko@philips.com
About Royal PhilipsRoyal Philips (NYSE: PHG,
AEX: PHIA) is a leading health technology company focused on
improving people's health and enabling better outcomes across the
health continuum from healthy living and prevention, to diagnosis,
treatment and home care. Philips leverages advanced technology and
deep clinical and consumer insights to deliver integrated
solutions. Headquartered in the Netherlands, the company is a
leader in diagnostic imaging, image-guided therapy, patient
monitoring and health informatics, as well as in consumer health
and home care. Philips generated 2018 sales of EUR 18.1 billion and
employs approximately 77,000 employees with sales and services in
more than 100 countries. News about Philips can be found at
www.philips.com/newscenter.
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