Philips HealthCare's parent Royal Philips has cancelled 15.1 million of its shares as part of a 1.5 billion euro share repurchase program for capital reduction purposes that the company announced on July 26, 2021.
The share repurchase program will be completed in April 2024 and is expected to result in the further cancellation of 4.4 million shares in the second quarter of 2024, the company said.
Philips’ current issued share capital amounts to 183 million euros, representing 913 million common shares.
