Philips: share buyback plan

(CercleFinance.com) - Philips announces its intention to buy back up to 125 million euros worth of its own shares (i.
e. around 4.8 million shares at the current price), in order to cover some of its obligations linked to long-term incentive plans.

These repurchases will be carried out by a financial institution through a combination of forward transactions -which Philips expects to take delivery of in 2026- and open market purchases -which will be executed by an intermediary in the third quarter of 2024.

Copyright (c) 2024 CercleFinance.com. All rights reserved.