June 26, 2020
Amsterdam, the Netherlands -Royal Philips(NYSE: PHG, AEX: PHIA) announced that today's Extraordinary General Meeting of Shareholders (EGM) approved the proposal to declare a distribution of EUR 0.85 per common share against the net income for 2019, in shares only.
The dividend timetable is as follows:
| Ex-dividend date | June 30, 2020 |
| Dividend record date | July 1, 2020 |
| Announcement of ratio and number of dividend shares | July 6, 2020 |
| Payment date | As from July 7, 2020 |
The number of share dividend rights entitled to one new common share will be determined based on the volume-weighted average price of all traded common shares of Koninklijke Philips N.V. at Euronext Amsterdam on June 30, and July 1 and 2, 2020. The company will calculate the number of share dividend rights entitled to one new common share, such that the gross dividend in shares will be approximately equal to EUR 0.85.
For more information about Philips' EGM, which was held today in Amsterdam, please click on this link.
For further information, please contact:
Ben Zwirs
Philips Global Press Office
Tel.: +31 6 15213446
E-mail: ben.zwirs@philips.com
Derya Guzel
Philips Investor Relations
Tel.: +31 20 59 77055
E-mail: derya.guzel@philips.com
About Royal Philips
Royal Philips
Attachments
- June 26 2020 Philips EGM (https://ml-eu.globenewswire.com/Resource/Download/cb69a2b3-6948-437b-8773-5f15543b7f6e)
- June 26 2020 Philips EGM_1 (https://ml-eu.globenewswire.com/Resource/Download/900d2930-bc60-4967-bf01-1aecf4263186)
