Koninklijke Philips (PHG) has released an update.
Royal Philips has officially completed the cancellation of 4.4 million shares, following the conclusion of its EUR 1.5 billion share repurchase program initiated in 2021. The move is part of the company’s strategy to reduce capital, resulting in a new total issued share capital of EUR 187,987,876.80. This aligns with Philips’ commitment to enhancing shareholder value and streamlining its capital structure.
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