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Investegate announcements from Royal Philips, TCT 2021: Philips announces new innovations and clinical data supporting the treatment of patients with cardiovascular disease
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Royal Philips, a global leader in health technology, announced that it will repurchase up to 2 million shares to cover long-term incentive and employee stock purchase plans. At the current share price, the shares amount to approximately EUR 91 million ($110.8 million).
The repurchase is a part of the plan announced on January 29, 2019, during its annual results. It was proposed to increase dividend by 6% to EUR 0.85 per share, with the start of a new EUR 1.5 billion share buyback program.
The repurchases will be executed through one or more individual forward transactions, to be entered into in the course of the second quarter of 2021, under the