On May 19, 2021, Royal Philips announced that it will repurchase up to 2 million shares to cover certain of its obligations arising from its long-term incentive and employee stock purchase plans. To this end, Philips entered into a number of forward transactions with several financial institutions. Please see below an overview of the details of all transactions entered into:
Transaction date | Number of shares | Settlement amount | Settlement date |
May 20, 2021 | 1,000,000 | EUR 44,852,100 | October 18, 2023 |
| 1,000,000 | EUR 44,852,100 | November 22, 2023 |
On January 29, 2020, Royal Philips announced that it will repurchase up to 6 million shares to cover certain of its obligations arising from its long-term incentive and employee stock purchase plans. To this end, Philips entered into a number of forward transactions with several financial institutions. Please see below an overview of the details of all transactions entered into:
Transaction date | Number of shares | Settlement amount | Settlement date |
January 31, 2020 | 750,000 | EUR 30,622,200 | October 18, 2021 |
| 750,000 | EUR 30,622,200 | November 15, 2021 |
March 4, 2020 | 1,000,000 | EUR 34,572,900 | October 19, 2022 |
| 1,000,000 | EUR 35,060,700 | November 23, 2023* |
March 12, 2020 | 750,000 | EUR 21,944,550 | October 19, 2022 |
| | 750,000 | EUR 22,570,950 | November 22, 2024* |
On October 22, 2018, Royal Philips announced and started a share repurchase program for an amount of up to EUR 174 million to cover its long-term incentive and employee stock purchase plans, after which it repurchased shares via an intermediary to allow for buybacks in the open market during both open and closed periods. On November 12, 2018, Royal Philips announced to extend this program with the repurchase of an additional up to 10 million shares. To this end, Philips entered into a number of forward transactions with several financial institutions, to be settled at future dates over the course of the program until 2022. Please see below an overview of the details of all transactions entered into under this program.
* The original settlement date of November 23, 2022, has been extended on October 26, 2022
