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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This report comprises a copy of the following press release: - “Philips announces exchange ratio for 2011 dividend in shares”, dated May 29, 2012.
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: June 1, 2012 | By: |
/s/ E.P. Coutinho |
Name: | E.P. Coutinho | |
Title: | General Secretary | |
Exhibit No. | Description | |
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99 | Press release | |
Philips announces exchange ratio for 2011 dividend in shares
May 29, 2012
Amsterdam, the Netherlands Royal Philips Electronics (NYSE:PHG, AEX:PHI) today announced that the exchange ratio for the dividend in shares for the year 2011 has been determined. The exchange ratio is 1 new common share for every 18.7140 existing common shares. This ratio was based on the volume weighted average price on NYSE Euronext Amsterdam of May 23, 24 and 25, 2012 of EUR 14.4213 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 30, 2012. 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.
For approximately 62.4% of the shares an election was made for a share dividend resulting in the issue of 30,522,107 new common shares, leading to a 3.4% percent dilution. Per May 30, 2012 the issued share capital of Philips amounts to EUR 207,899,510.40 and is represented by 1,039,497,552 ordinary shares.
For further information, please contact:
Steve Klink
Philips Corporate Communications
Tel.: +31 20 5977415
E-mail: steve.klink@philips.com
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 meaningful innovation. 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 approximately 122,000 employees
with sales and services in more than 100 countries worldwide. With sales of EUR 22.6 billion in
2011, 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.
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.