Philips 2006 Annual Report Download - page 239

Philips Annual Report 2006 239
Share capital structure and capital reduction
In 2006, Philips’ issued share capital was reduced by
a total of 173,268,629 shares, which were acquired
pursuant to the share repurchase programs initiated
in 2005 and 2006. As of December 31, 2006 the issued
share capital of Philips amounts to 1,142,826,763 common
shares, of which 35,933,526 shares are held by Philips to
cover long-term incentive and employee stock purchase
plans. No person or group is known to Philips to be the
owner of more than 5% of the common shares.
Share repurchase programs
In February 2006, Philips completed the EUR 1.5 billion
share repurchase program for capital reduction purposes
which was initiated in August 2005.
On July 17, 2006, Philips started another EUR 1.5 billion
share repurchase program for capital reduction purposes.
On August 3, 2006, the Company announced it will expand
the buy-back to a total of EUR 4.0 billion. Philips completed
the fi rst part, EUR 2.4 billion, in 2006. The remaining
EUR 1.6 billion is being executed via a program using
a second trading line on Euronext Amsterdam and
started on January 22, 2007. Philips expects to complete
this share repurchase program by the end of 2007.
On the Investor Relations website you can fi nd the
status of the current and previous share repurchase
programs. For more information see the section
Other information of the chapter The Philips Group
of this Annual Report.
Financial calendar
Annual General Meeting of Shareholders
Record date Annual General Meeting
of Shareholders March 7, 2007
Annual General Meeting of Shareholders March 29, 2007
Quarterly reports 2007
First quarterly report 2007 April 16, 2007
Second quarterly report 2007 July 16, 2007
Third quarterly report 2007 October 15, 2007
Fourth quarterly report 2007 January 21, 2008
1)
Divisional analyst days 2007
Analyst day 1 May 31, 2007
1)
Analyst day 2 September 28, 2007
1)
Analyst day 3 December 6, 2007
1)
2008
Publication of 2007 results January 21, 2008
1)
Publication of the Annual Report 2007 February 18, 2008
1)
Annual General Meeting of Shareholders March 27, 2008
1)
1) These dates are subject to fi nal confi rmation
Shareholders Communication Channel
Philips is continually striving to improve relations with
its shareholders. For instance, Philips was one of the key
companies in the establishment of the Shareholders
Communication Channel − a project of Euronext
Amsterdam, banks in the Netherlands and several
major Dutch companies to simplify contacts between
a participating company and its shareholders.
Philips will use the Shareholders Communication Channel
to distribute the Agenda for this year’s Annual General
Meeting of Shareholders as well as an instruction form
to enable proxy voting at said meeting.
For the Annual General Meeting of Shareholders on
March 29, 2007 a record date (being March 7, 2007)
will apply: those persons who on March 7, 2007 hold
shares in the Company and are registered as such in one
of the registers designated by the Board of Management
for the Annual General Meeting of Shareholders will be
entitled to participate and vote at the meeting.
226 Corporate governance224 Reconciliation of
non-US GAAP information
234 The Philips Group
in the last ten years
236 Investor information