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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Koninklijke Philips Electronics N.V. |
||||
(Translation of registrants name into English) | ||||
The Netherlands | ||||
(Jurisdiction of incorporation or organization) | ||||
Breitner Center, Amstelplein 2, 1096 BC Amsterdam, The Netherlands | ||||
(Address of principal executive office) |
||||
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: [x] Form 20-F [ ] Form 40-F | ||||
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ] | ||||
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ] | ||||
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: [ ] Yes [x] No | ||||
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a |
This report comprises copies of the following press releases entitled: - - “Philips CFO reconfirms strategic direction to market at Citigroup conference in New York”, dated March 7, 2007; - - “Philips and TSMC announce joint plan to facilitate orderly exit by Philips from TSMC shareholding”, dated March 9, 2007; - - “Philips announces sale of 887 million shares in TSMC”, dated March 12, 2007.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. |
Koninklijke Philips Electronics N.V. | ||
Date: March 13, 2007 | By: |
P-J Sivignon |
Name: | P-J Sivignon | |
Title: | Chief Financial Officer, member of the Board of Management | |
Exhibit No. | Description | |
|
|
|
99 | Press release | |
99 | Press release | |
99 | Press release | |
Philips CFO reconfirms strategic direction to market at Citigroup conference in New York
Wednesday, March 07, 2007
New York, New York Today, Pierre-Jean Sivignon, Chief Financial Officer of Royal Philips Electronics (NYSE: PHG, AEX: PHI), will be giving a presentation at the Citigroup Investment Research 20th Annual Global Industrial Manufacturing Conference in New York City, in which he will update the market on Philips continuing transformation into a healthcare, lifestyle and technology company.
In his presentation, Mr. Sivignon will discuss how Philips has evolved into a simpler, more focused company with a more predictable portfolio of operations focused on value creation and achieving sustainable growth. He will also highlight what Philips is doing to further increase its successes in the business areas in which it is active. Mr. Sivignon will also discuss the management agenda of the Philips Group for 2007, and will discuss the companys strategy to achieve sustainable growth, both organically as well as through acquisitions.
At the conference, Mr. Sivignon will also confirm that Philips is on track to meeting its medium-term growth and profitability targets.
The presentation starts at 8:45 AM local time (EST), or 14:45 PM Amsterdam time (CET), and will be available via audio webcast. Please click here to listen to the webcast.
Arent Jan Hesselink
Philips Corporate Communications
Tel +31 20 59 77415
email arentjan.hesselink@philips.com
About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in
healthcare, lifestyle and technology, delivering products, services and solutions through the brand
promise of sense and simplicity. Headquartered in the Netherlands, Philips employs approximately
121,700 employees in more than 60 countries worldwide. With sales of EUR 27.0 billion in 2006, the
company is a market leader in medical diagnostic imaging and patient monitoring systems, energy
efficient lighting solutions, personal care and home appliances, as well as consumer electronics.
News from Philips is located at www.philips.com/newscenter.
Forward-looking statements
This release may contain certain forward-looking statements with respect to the financial
condition, results of operations and business of Philips and certain of the plans and objectives of
Philips with respect to these items. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will occur in the future
and there are many factors that could cause actual results and developments to differ materially
from those expressed or implied by these forward-looking statements.
Philips and TSMC announce joint plan to facilitate orderly exit by Philips from TSMC shareholding
Friday, March 09, 2007
Amsterdam, The Netherlandsand Hsinchu, Taiwan Royal Philips Electronics (NYSE:PHG, AEX:PHI) and Taiwan Semiconductor Manufacturing Company Ltd (TAIEX: 2330, NYSE: TSM) today jointly announced that the companies have agreed to a multi-phased plan to facilitate an orderly exit by Philips from its current shareholding in TSMC as follows:
1. Philips intends to sell in the near future up to USD 1.75 billion worth of TSMC shares to accommodate identified demand from long-term financial investors in Taiwan. To this end, an application has been filed today with the Taiwan Stock Exchange by Philips.
2. Philips intends to offer up to USD 2.5 billion worth of TSMC shares, in the form of American Depositary Shares, through a public offering in the United States without over-allotment option. The ADSs sold in this offering are expected to be listed on the New York Stock Exchange. This offering would follow a TSMC board resolution to approve the conversion of TSMC common shares into American Depository Shares on behalf of Philips. Each ADS represents five TSMC common shares. This transaction is subject to all regulatory approvals, including registration with the U.S. Securities and Exchange Commission, and is, subject to market conditions, expected to be completed in 2007. It is the current intention of TSMC and Philips that no further ADS offerings will be conducted in respect of Philips shareholding in TSMC.
3. TSMC plans to conduct a share repurchase via tender offer in 2007 on the Taiwan Stock Exchange to buy back up to approximately USD 1.5 billion worth of shares in TSMC, and cancel the repurchased shares, subject to TSMC board approval. Philips intends to participate in the share repurchase, and Philips representative on the TSMC Board of Directors today resigned as a director. Philips will no longer maintain any board position at TSMC.
4. TSMC intends to conduct additional share repurchase programs between 2008 and 2010, subject to
maintaining its current annual cash dividend per share and cancel the repurchased shares. Philips
intends to participate in these share repurchase programs with its remaining TSMC shares. Philips
will also consider other sales to long-term financial investors mutually agreeable to Philips and
TSMC.
Philips currently owns 16.2% of TSMC share capital, with a current market valuation of
approximately USD 8.5 billion.
We are pleased to have reached agreement with TSMC on this plan to facilitate our exit from our
current shareholding in TSMC in an orderly, responsible manner, Philips Chief Financial Officer
Pierre-Jean Sivignon said. For Philips, selling our stake in TSMC is a logical consequence of our
decision to exit the semiconductor business, to which end we made a first, significant step in 2006
when we sold a majority stake in our semiconductor division.
Ms. Lora Ho, TSMC Vice President and Chief Financial Officer said: we are pleased to have come to
a satisfactory solution to facilitate the exit of Philips holding of TSMC shares. We intend to
make good use of our cash while reiterating our commitment to maintain our current annual cash
dividend per share.
For more information, please contact:
Arent Jan Hesselink
Philips Corporate Communications
Tel +31 20 59 77415
email arentjan.hesselink@philips.com
Richard C.Y. Chung
Media Relations Manager, TSMC
Tel 886-3-505-5038 Mobile 886-911-258751
Fax 886-3-567-0121
email cychung@tsmc.com
Michael Kramer
Public Relations Department, TSMC
Tel 886-3-505-6216 Mobile 886-926-026632
Fax 886-3-567-0121
email pdkramer@tsmc.com
About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in
healthcare, lifestyle and technology, delivering products, services and solutions through the brand
promise of sense and simplicity. Headquartered in the Netherlands, Philips employs approximately
121,700 employees in more than 60 countries worldwide. With sales of EUR 27.0 billion in 2006, the
company is a market leader in medical diagnostic imaging and patient monitoring systems, energy
efficient lighting solutions, personal care and home appliances, as well as consumer electronics.
News from Philips is located at www.philips.com/newscenter.
About TSMC
TSMC is the worlds largest dedicated semiconductor foundry, providing the industrys leading
process technology and the foundry industrys largest portfolio of process-proven library, IP,
design tools and reference flows. The company operates one advanced 300mm wafer fab, five
eight-inch fabs and one six-inch wafer fab. TSMC also has substantial capacity commitments at its
wholly-owned subsidiary, WaferTech, and its joint venture fab, SSMC. In early 2001, TSMC became the
first IC manufacturer to announce a 90-nm technology alignment program with its customers. TSMCs
corporate headquarters are in Hsinchu, Taiwan. For more information about TSMC please see
www.tsmc.com.
Forward-looking statements
This release may contain certain forward-looking statements with respect to the financial
condition, results of operations and business of Philips and certain of the plans and objectives of
Philips with respect to these items. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will occur in the future
and there are many factors that could cause actual results and developments to differ materially
from those expressed or implied by these forward-looking statements.
This release does not constitute an offer of any securities for sale. Any offer or sale of securities shall be made by means of a registration statement filed with the U.S. Securities and Exchange Commission under the Securities Act of 1933 or by means of an exemption from the registration requirements thereof.
Philips announces sale of 887 million shares in TSMC
Monday, March 12, 2007
Amsterdam, The Netherlands Royal Philips Electronics (NYSE:PHG, AEX:PHI) today announced it has
sold approximately 887 million shares of common stock in Taiwan Semiconductor Manufacturing Company
Ltd (TAIEX: 2330, NYSE: TSM) to long-term financial investors in Taiwan. Through these
transactions, Philips has implemented the first step of the multi-phased plan to facilitate an
orderly exit from its shareholding in TSMC, which was announced on March 9, 2007.
The sale of these shares, closed today, will provide Philips with proceeds of approximately EUR
1,300 million, and will result in a non-taxable gain of approximately EUR 725 million in Philips
financial results for the first quarter of 2007.
As a result of this transaction, Philips currently holds approximately 3,301 million shares in TSMC, reflecting a lowering of Philips holding in TSMC from 16.2 percent to 12.8 percent.
For more information, please contact:
Arent Jan Hesselink
Philips Corporate Communications
Tel +31 20 59 77415
email arentjan.hesselink@philips.com
About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in
healthcare, lifestyle and technology, delivering products, services and solutions through the brand
promise of sense and simplicity. Headquartered in the Netherlands, Philips employs approximately
121,700 employees in more than 60 countries worldwide. With sales of EUR 27.0 billion in 2006, the
company is a market leader in medical diagnostic imaging and patient monitoring systems, energy
efficient lighting solutions, personal care and home appliances, as well as consumer electronics.
News from Philips is located at www.philips.com/newscenter.
About TSMC
TSMC is the worlds largest dedicated semiconductor foundry, providing the industrys leading
process technology and the foundry industrys largest portfolio of process-proven library, IP,
design tools and reference flows. The company operates one advanced 300mm wafer fab, five
eight-inch fabs and one six-inch wafer fab. TSMC also has substantial capacity commitments at its
wholly-owned subsidiary, WaferTech, and its joint venture fab, SSMC. In early 2001, TSMC became the
first IC manufacturer to announce a 90-nm technology alignment program with its customers. TSMCs
corporate headquarters are in Hsinchu, Taiwan. For more information about TSMC please see
www.tsmc.com.
Forward-looking statements
This release may contain certain forward-looking statements with respect to the financial
condition, results of operations and business of Philips and certain of the plans and objectives of
Philips with respect to these items. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will occur in the future
and there are many factors that could cause actual results and developments to differ materially
from those expressed or implied by these forward-looking statements.