Philips Annual General Meeting of Shareholders approves all proposals

Rhea-AI Summary

Royal Philips (NYSE: PHG) held its 2021 Annual General Meeting of Shareholders on May 6, 2021. During this meeting, Mr. Marnix van Ginneken was re-appointed to the Board of Management, while Mrs. Chua Sock Koong and Mrs. Indra Nooyi were appointed to the Supervisory Board. Additionally, the proposal to distribute a dividend of EUR 0.85 per share for the fiscal year 2020 was approved. Philips reported sales of EUR 17.3 billion in 2020 and continues to focus on enhancing health technology solutions globally.

Positive

• Re-appointment of Mr. Marnix van Ginneken to the Board of Management.
• Appointment of experienced members Mrs. Chua Sock Koong and Mrs. Indra Nooyi to the Supervisory Board.
• Approval of a dividend payment of EUR 0.85 per share, signaling strong financial performance.

Negative

• None.

May 6, 2021

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) announced that today’s Annual General Meeting of Shareholders (2021 AGM) has re-appointed Mr. Marnix van Ginneken as member of the Board of Management and appointed Mrs. Chua Sock Koong and Mrs. Indra Nooyi as members of the Supervisory Board.

The other proposals voted on at the 2021 AGM, including the proposal to pay a dividend of EUR 0.85 per share over 2020, were also adopted. More information about the dividend can be found via this link.

More information on the composition of the Board of Management, the Executive Committee and the Supervisory Board can be found here.

Philips’ 2020 financial statements are included in its 2020 Annual Report that was published on February 23, 2021.

For more information about Philips’ 2021 AGM, please click on this link.

For further information, please contact:

Martijn van der Starre
Philips Global Press Office
Tel.: +31 6 28474617
E-mail: martijn.van.der.starre@philips.com

Derya Guzel
Philips Investor Relations
Tel.: +31 20 59 77055
E-mail: derya.guzel@philips.com

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and well-being, and enabling better outcomes across the health continuum – from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2020 sales of EUR 17.3 billion and employs approximately 77,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Attachments

• Philips 2021 AGM - 1
• Philips 2021 AGM - 2

FAQ

What was the date of the Royal Philips 2021 AGM?

The Royal Philips 2021 Annual General Meeting of Shareholders was held on May 6, 2021.

Who were appointed to the Supervisory Board during the 2021 AGM?

Mrs. Chua Sock Koong and Mrs. Indra Nooyi were appointed to the Supervisory Board during the 2021 AGM.

What is the dividend amount approved at the Royal Philips 2021 AGM?

The approved dividend amount at the Royal Philips 2021 AGM is EUR 0.85 per share.

What were Royal Philips' sales for 2020?

Royal Philips generated sales of EUR 17.3 billion in 2020.

Who was re-appointed to the Board of Management at the 2021 AGM?

Mr. Marnix van Ginneken was re-appointed to the Board of Management at the 2021 AGM.