Information Regarding Dividend -
Koninklijke Philips N.V. (Royal Philips)
The General Meeting of Shareholders approved the distribution
of EUR 0.85 per common share, in common shares, at its
meeting held on May 9, 2023.
The distribution will be payable in shares, against retained earnings of Koninklijke Philips N.V.
The shares will trade ex-dividend as of May 11, 2023, at Euronext Amsterdam and the New York
Stock Exchange. In compliance with the listing requirements of Euronext Amsterdam and the
New York Stock Exchange, the dividend record date will be May 12, 2023. The number of share
dividend rights entitled to one new common share (the ‘ratio’) will be determined based on the
volume-weighted average price of all traded common shares Koninklijke Philips N.V. at Euronext
Amsterdam on May 11, 12 and 15, 2023. The company will calculate the ratio such that the gross
dividend in shares will be approximately equal to EUR 0.85. The ratio and the number of shares
to be issued will be announced on May 17, 2023.
Payment of the dividend and delivery of new common shares, with settlement of fractions in
cash if required, will take place from May 18, 2023, onwards on the basis of share entitlements
on the dividend record date. The newly issued common shares will rank for the dividend for the
2023 financial year and following financial years. Fractional entitlements will be converted to
cash based on the opening price of May 16, 2023.
Dividend in shares paid out of net income is in principle subject to 15% dividend withholding tax,
but only in respect of the par value of the shares (which value amounts to EUR 0.20 per share).
The following timetable applies:
May 11, 2023 : Ex-dividend date
May 12, 2023 : Dividend record date
May 17, 2023 : Announcement of ratio & number of shares to be issued
From May 18, 2023 : Dividend payment & delivery of new shares This document is made available by publication on the company’s website and is the document referred to in article 1 paragraph 5 sub g of the EU Prospectus Regulation (2017/1129). The new
common shares to be issued as stock dividend will be awarded and admitted to trading without a prospectus. More information on the rights attached to the shares can be found here and more information about Koninklijke Philips N.V. can be found here.
page 1 of 2 | Information Regarding Dividend 2022 (payable 2023)
It will not be possible to convert New York Registry Shares into Euronext shares and vice versa during the period May 11, 2023 up to and including May 12, 2023.
Registered shares Holders of registered shares, included in the register of holders of common shares will be notified separately of the final dividend to which they are entitled