Philips Executes Share Repurchase for Incentive Plans

Koninklijke Philips (PHG) has released an update.

Royal Philips has disclosed the repurchase of 68,408 of its own shares at an average price of EUR 27.37 each, to satisfy obligations from its long-term incentive plans. This move, part of a repurchase program announced on August 5, 2024, is strategically aligned with a forward transaction set for November 2026. The company, a global leader in health technology, continues to focus on innovation aimed at enhancing health and well-being.

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