Philips moves forward with share repurchase
By HME News Staff
Updated 10:33 AM CST, Tue December 19, 2023
AMSTERDAM – Philips has completed the cancelation of about 15.1 million of its shares. The canceled shares were acquired as part of the EUR 1.5 million share repurchase program for capital reduction purposes that was previously announced on July 26, 2021. Philips will complete the share repurchase program in April 2024, resulting in a further cancelation of 4.4 million shares in the second quarter of 2024. The company’s current issued share capital amounts to about EUR 182.7 million, representing about 913.5 million common shares.
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