Tag: share repurchase
Philips repurchases shares to meet obligations
August 5, 2024HME News Staff
AMSTERDAM – Philips will repurchase shares for an amount up to EUR 125 million to cover certain obligations arising from its long-term incentive plans. At the current share price, this represents about 4.8 million shares. The repurchases will be executed through a combination of forward transactions and open-market purchases with a financial institution. Philips expects to take delivery of the forward share purchases in 2026. The open market purchases will be executed in Q3 2024 by an intermediary...
Philips moves forward with share repurchase
December 19, 2023HME News Staff
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,...
Philips announces share repurchase
June 19, 2023HME News Staff
AMSTERDAM – Royal Philips announced on June 14 that it will repurchase up to 7.1 million shares to cover certain of its obligations arising from its long-term incentive plans. At the current share price, the shares represent an amount of up to about EUR 132 million. The repurchases will be executed through one or more individual forward transactions, expected to be entered into in the second or third quarter of 2023, in accordance with the Market Abuse Regulation and within the limits of the...