Philips Advances Share Buyback Program

Koninklijke Philips (PHG) has released an update.

Royal Philips has announced the repurchase of 900,080 of its own shares at an average price of EUR 26.36 from August 14 to August 22, 2024. The buyback is part of a program to fulfill the company’s obligations under long-term incentive plans, with Philips also entering a forward transaction set for November 2026. This initiative underscores Philips’ commitment to shareholder value and investment in its future.

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