Philips announced an exchange ratio of 1 new share for every 29.2684 existing shares for the 2023 dividend, with a total issuance of 30.86 million new shares based on the average price of EUR 24.8481 as of May 9, 10, and 13, 2024. This will take effect on May 16, 2024, with a total share capital amounting to EUR 188.88 million after a share cancellation of 4.44 million shares from a previous repurchase program.