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Philips announces plans to repurchase up to 2M shares

May 19, 2021 10:34 AM ETKoninklijke Philips N.V. (PHG) StockPHGBy: Pranav Ghumatkar, SA News Editor
  • Royal Philips (PHG -1.7%) has announced that it will repurchase up to 2M shares to cover certain of its obligations arising from its long-term incentive and employee stock purchase plans.
  • At the current share price, the shares represent an amount of up to ~€91M.
  • Philips expects to take delivery of the shares in 2023.

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