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12-06-2012 08:33:00

Philips Says It Currently Holds 10.02% of Its Own Shares

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AMSTERDAM -(Dow Jones)- Royal Philips Electronics NV (PHIA.AE) said Tuesday that it currently holds 10.02% of its own shares, which were acquired under its EUR2 billion share buyback program and as part of a long-term incentive scheme for employees.

MAIN FACTS:

-Philips says that it has notified the Netherlands Authority for the Financial Markets (AFM) on its shareholding.

-The holding of Philips consists of shares that have been acquired for cancellation purposes under Philips' current EUR2 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.

- By Amsterdam Bureau, Dow Jones Newswires; amsterdam@dowjones.com

(MORE TO FOLLOW) Dow Jones Newswires

June 12, 2012 02:33 ET (06:33 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

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