Philips notifies Dutch Authority for the Financial Markets of holding over 5% of its own shares

The FINANCIAL — Royal Philips Electronics (NYSE:PHG, AEX:PHI) announced on March 31 that it has notified the Netherlands Authority for the Financial Markets (AFM) that it currently holds over 5 per cent of its own issued shares.

This holding of Philips consists of shares that have been acquired for cancellation purposes under Philips’ current EUR 5 billion share repurchase program and shares that are held to cover for obligations resulting from Philips’ existing long-term incentive and employee stock purchase programs.