Financial News

Philips announces exchange ratio for 2020 dividend

Products You May Like

June 8, 2021

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG; AEX: PHIA) right this moment introduced that the trade ratio for the dividend in shares for the yr 2020 has been decided. The trade ratio is 1 new frequent share for each 53.9278 present frequent shares. This ratio was primarily based on the amount weighted common worth on Euronext Amsterdam of June 2, 3 and 4, 2021, of EUR 45.8086 and was calculated in a way that the gross dividend in shares is roughly equal to the gross dividend in money.

Shareholders got the chance to make their alternative between money and shares between Might 12, 2021 and June 4, 2021. If no alternative was made throughout this election interval, the dividend will probably be paid in money. Each the dividend in money and the dividend in shares will probably be made payable to shareholders from June 9, 2021.

For 37.7% of the shares, an election was made for a share dividend, ensuing within the issuance of 6,345,968 new frequent shares. Upon fee of the dividend, the overall issued share capital will quantity to EUR 183,479,793.80, representing 917,398,969 frequent shares. Within the the rest of 2021, Philips expects to have 20,476,023 shares delivered via the settlement of ahead contracts entered into in the middle of 2020 as a part of the EUR 1.5 billion share repurchase program for capital discount functions, as introduced on January 29, 2019. Philips expects to cancel these shares earlier than the top of 2021, and thereby the issued frequent shares excellent at 2021 year-end is anticipated to quantity to 896,922,946 shares (2020: 911,053,001). Extra data is on the market through this link.

For additional data, please contact:

Ben Zwirs
Philips World Press Workplace
Tel.: +31 6 15213446

Derya Guzel
Philips Investor Relations
Tel.: +31 20 59 77055

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a number one well being expertise firm targeted on bettering individuals’s well being and enabling higher outcomes throughout the well being continuum from wholesome residing and prevention, to prognosis, remedy and residential care. Philips leverages superior expertise and deep medical and client insights to ship built-in options. Headquartered within the Netherlands, the corporate is a frontrunner in diagnostic imaging, image-guided remedy, affected person monitoring and well being informatics, in addition to in client well being and residential care. Philips generated 2020 gross sales of EUR 17.3 billion and employs roughly 77,000 workers with gross sales and companies in additional than 100 nations. Information about Philips might be discovered at

Ahead-looking statements
This launch accommodates sure forward-looking statements with respect to the monetary situation, outcomes of operations and enterprise of Philips and sure of the plans and goals of Philips with respect to those gadgets. Examples of forward-looking statements embody statements made in regards to the technique, estimates of gross sales development, future EBITA, future developments in Philips’ natural enterprise and the completion of acquisitions and divestments. By their nature, these statements contain danger and uncertainty as a result of they relate to future occasions and circumstances and there are a lot of components that might trigger precise outcomes and developments to vary materially from these expressed or implied by these statements.

Primary Logo

Products You May Like