Koninklijke Philips N.V.
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Publicatie datum
03 jun 2008 - 17:01
Statutaire naam
Koninklijke Philips N.V.
Titel
Philips completes cancellation of 36.6 million shares
Bericht
June 3, 2008
PHILIPS COMPLETES CANCELLATION OF 36.6 MILLION SHARES
Amsterdam, The Netherlands – Royal Philips Electronics (NYSE:PHG, AEX:PHI) announced today that it has completed the cancellation of in total 36,653,831 shares which have been acquired for cancellation purposes during the period starting March 14, 2008 up to and including May 28, 2008 against an average repurchase price of EUR 24.34 per share. These shares have been repurchased under the EUR 5 billion share repurchase program Philips announced on December 19, 2007 which is currently being executed.
In connection with this share capital reduction, Philips has notified the Netherlands Authority for the Financial Markets (AFM) that it no longer holds 5 per cent of its own shares. As a result of this cancellation, Philips’ issued share capital as per today amounts to 1,046,265,843 shares.
For more information, please contact:
Arent Jan Hesselink
Philips Corporate Communications:
Tel: +31 20 5977415
Email: arentjan.hesselink@philips.com
About Royal Philips
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in healthcare, lighting and consumer lifestyle, delivering people-centric, innovative products, services and solutions through the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs approximately 134,200 employees in more than 60 countries worldwide. With sales of EUR 27 billion in 2007, the company is a market leader in medical diagnostic imaging and patient monitoring systems, energy efficient lighting solutions, as well as lifestyle solutions for personal wellbeing. News from Philips is located at www.philips.com/newscenter.
Forward-looking statements
This release may contain 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. By their nature, forward-looking statement
Datum laatste update: 17 juli 2025