Philips announces exchange ratio for 2018 dividend in shares

World News: . []

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.

Martijn van der StarrePhilips Group Press OfficeTel.: +31 6 2847 4617E-mail

Ksenija Gonciarenko Philips Investor RelationsTel.: +31 20 5977055E-mail:

 

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Globe Newswire: 10:00 GMT Wednesday 12th June 2019

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