Philips sets 1-for-26.9341 dividend exchange ratio, issues 19.96M shares
PHG•Philips set the exchange ratio for its 2025 dividend at one new share for every 26.9341 existing shares based on a May 27-29 VWAP of €22.8640, targeting a gross dividend of €0.85. 43.8% of shareholders elected cash, prompting issuance of 19,964,655 new shares and boosting share capital to €196,576,957.40.
1. Dividend exchange ratio details
Philips announced an exchange ratio of one new common share for every 26.9341 existing common shares for its 2025 dividend, calculated using a volume-weighted average price of €22.8640 from May 27 to 29, 2026. This structure targets a gross dividend value of approximately €0.85 per share in new shares.
2. Shareholders’ cash versus share election
Shareholders were given the choice between a dividend in cash or in shares, with 43.8% electing the cash option. Those choosing shares will receive new common shares according to the set ratio, reflecting a mixed preference distribution among investors.
3. Issuance timing and capital impact
From June 3, 2026, onwards, Philips will deliver 19,964,655 new common shares and settle any fractional entitlements in cash. Following distribution, total issued share capital will stand at €196,576,957.40, representing 982,884,787 common shares outstanding.
