Philips Sets Exchange Ratio for 2023 Dividend
Company Announcements

Philips Sets Exchange Ratio for 2023 Dividend

Koninklijke Philips N.V. (PHG) has released an update.

Royal Philips has announced the exchange ratio for its 2023 dividend, setting the conversion at 1 new share for every 29.2684 existing shares, based on a volume weighted average price, resulting in the issuance of 30,860,582 new shares. Shareholders will receive dividends in new shares from May 16, 2024, with post-cancellation share capital reduced to 939,939,384 common shares after the planned cancellation of shares bought back under a previous repurchase program.

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