Royal Philips announced that it will repurchase up to 6 million shares to cover certain of its obligations arising from its long-term incentive plans. At the current share price, the shares represent an amount of up to approximately EUR 125 million.
The repurchases will be executed through one or more individual forward transactions, to be entered into in the course of the second and third quarter of 2025, in accordance with the Market Abuse Regulation and within the limits of the authorisation granted by the company’s General Meeting of Shareholders on May 8, 2025. Philips expects to take delivery of the shares in 2027. Further details will be available via this link.
Source & Image Credit: Philips
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Philips share buyback, Philips incentive plan, Philips shares 2025, long-term shares, EUR 125 million repurchase, Philips stock UK
Philips to buy back up to 6M shares (€125M) for its incentive plans, with delivery set for 2027.
