UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Koninklijke Philips Electronics N.V. |
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(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) |
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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): [ ] | ||||
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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: - “Philips announces exchange ratio for 2010 dividend in shares”, dated May 3, 2011, - “Philips announces Lighting CEO Provoost to leave Philips”, dated May 3, 2011.
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: May 3, 2011 | By: |
/s/ E.P. Coutinho |
Name: | E.P. Coutinho | |
Title: | General Secretary | |
Exhibit No. | Description | |
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99.01 | Press release | |
99.02 | Press release | |
Philips announces exchange ratio for 2010 dividend in shares
May 3, 2011
Amsterdam, The Netherlands Royal Philips Electronics (NYSE: PHG, AEX: PHI) today announced that the exchange ratio for the dividend in shares for the year 2010 has been determined. The exchange ratio is 1 new common share for every 26.0742 existing common shares. This ratio was based on the volume weighted average price on NYSE Euronext Amsterdam of April 27, 28 and 29, 2011 of EUR 20.1070 and was calculated in a manner that dividend in shares is approximately 3% higher than the gross dividend in cash.
Both the dividend in cash and the dividend in shares will be made payable to shareholders from May 4, 2011. Dividend in shares is subject to 15% dividend withholding tax, but only in respect of the par value of the shares (EUR 0.20 per share). The dividend withholding tax per new share is EUR 0.035294118. This withholding tax in case of dividend in shares will be borne by Philips.
Around 63.0% elected for a share dividend resulting in the issue of 22,896,661 new common shares, leading to a 2.4% percent dilution. Per May 4, 2011 the issued share capital of Philips amounts to EUR 201,795,089.00 and is represented by 1,008,975,445 ordinary shares.
For further information, please contact:
Steve Klink
Philips Corporate Communications
Tel: + 31 20 5977415
Email: steve.klink@philips.com
About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and
well-being company, focused on improving peoples lives through timely innovations. As a world
leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into
people-centric solutions, based on fundamental customer insights and the brand promise of sense
and simplicity. Headquartered in the Netherlands, Philips employs about 117,000 employees with
sales and services in more than 100 countries worldwide. With sales of EUR 22.3 billion in 2010,
the company is a market leader in cardiac care, acute care and home healthcare, energy efficient
lighting solutions and new lighting applications, as well as lifestyle products for personal
well-being and pleasure with strong leadership positions in male shaving and grooming, portable
entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.
Philips announces Lighting CEO Provoost to leave Philips
May 3, 2011
Amsterdam, the Netherlands Royal Philips Electronics (NYSE: PHG, AEX: PHI) today announced that Rudy Provoost will leave as Chief Executive Officer of the Lighting sector and Member of the Board of Management per September 30, 2011 to join the Management Board of Rexel, a global leader in the distribution of electrical supplies, and become its Chairman in 2012. Philips will announce a successor to Mr. Provoost in due course.
I thank Rudy for his considerable contributions to Philips and I regret to see him go, said Frans van Houten, President and Chief Executive Officer of Philips. In his three years as CEO of Lighting, Philips has strengthened its leadership position in lighting and I wish him all the best in his new role.
After more than a decade with Philips, I am ready to take on a new challenge, said Rudy Provoost, Chief Executive Officer of Philips Lighting. As the global lighting industry is going through a major transformation towards energy-efficient LED lighting and an increased focus on complete lighting solutions, I am confident that Philips Lighting is well positioned and will remain a driving force in the lighting industry.
Mr. Provoost, born in 1959 in Belgium, joined Philips in October 2000 as Executive Vice-President
of Consumer Electronics Europe and in 2004 he became Chief Executive Officer of the Consumer
Electronics division, which has since been merged with Domestic Appliances and Personal Care into
the Consumer Lifestyle sector. In April 2006, Mr. Provoost was appointed a member of the Board of
Management and two years later he took the position of Chief Executive Officer of the Lighting
sector.
For further information, please contact:
Joost Akkermans
Corporate Communications
Tel: +31 20 5977 406
E-mail: joost.akkermans@philips.com
About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and
well-being company, focused on improving peoples lives through timely innovations. As a world
leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into
people-centric solutions, based on fundamental customer insights and the brand promise of sense
and simplicity. Headquartered in the Netherlands, Philips employs about 117,000 employees with
sales and services in more than 100 countries worldwide. With sales of EUR 22.3 billion in 2010,
the company is a market leader in cardiac care, acute care and home healthcare, energy efficient
lighting solutions and new lighting applications, as well as lifestyle products for personal
well-being and pleasure with strong leadership positions in male shaving and grooming, portable
entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.