Philips to repurchase up to 2 million shares to cover long-term incentive and employee stock purchase plans
19 Mayo 2021 - 09:00AM
Philips to repurchase up to 2 million shares to cover long-term
incentive and employee stock purchase plans
May 19, 2021
Amsterdam, the Netherlands – Royal Philips
(NYSE: PHG, AEX: PHIA) today announced that it will repurchase up
to 2 million shares to cover certain of its obligations arising
from its long-term incentive and employee stock purchase plans. At
the current share price, the shares represent an amount of up to
approximately EUR 91 million.
The repurchases will be executed through one or more individual
forward transactions, to be entered into in the course of the
second quarter of 2021, in accordance with the Market Abuse
Regulation and within the limits of the authorization granted by
the company’s General Meeting of Shareholders on May 6, 2021.
Philips expects to take delivery of the shares in 2023. Further
details will be available via this link.
For further information, please contact:
Ben ZwirsPhilips Global Press OfficeTel.: +31 6 15213446E-mail:
ben.zwirs@philips.com
Derya GuzelPhilips Investor RelationsTel.: +31 20 59
77055E-mail: derya.guzel@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 2020 sales of EUR 17.3 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.
Forward-looking statements This release
contains certain forward-looking statements with respect to the
financial condition, results of operations and business of Philips
and certain of the plans and objectives of Philips with respect to
these items. Examples of forward-looking statements include
statements made about the strategy, estimates of sales growth,
future EBITA, future developments in Philips’ organic business and
the completion of acquisitions and divestments. By their nature,
these statements involve risk and uncertainty because they relate
to future events and circumstances and there are many factors that
could cause actual results and developments to differ materially
from those expressed or implied by these statements.
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