Koninklijke Philips (PHG) has released an update.
Royal Philips has announced a share repurchase program of up to EUR 125 million to fulfill obligations from long-term incentive plans, representing about 4.8 million shares at the current price. The buybacks will occur through forward transactions and open market purchases, with the latter conducted in the third quarter of 2024 to ensure compliance during closed periods. These repurchases are in line with the EU Market Abuse Regulation and the authorization from the company’s General Meeting of Shareholders.
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