Philips extends shareholder agreement with Exor, raises stake cap to 22% - PHG News | RalliesPhilips extends shareholder agreement with Exor, raises stake cap to 22%
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PHG• Philips updates long-term shareholder agreement with Exor
- Philips updated its long-term shareholder agreement with Exor, lifting Exor’s permitted stake to 22% from 20%.
- Further increases above 22% would require approval from the Philips Supervisory Board.
- Governance terms stay in place, including Exor’s right to nominate one member to the Supervisory Board.
