Philips 2011 Annual Report Download - page 215

17 Investor Relations 17.1 - 17.2
Annual Report 2011 215
on December 31, 2011 (USD 1 = EUR 0.7728). This rate is
not materially different from the Noon Buying Rate on
such date (USD 1 = EUR 0.7708).
The following table sets out the exchange rate for US
dollars into euros applicable for translation of Philips’
financial statements for the periods specified.
EUR per USD
period end average high low
2006 0.7591 0.7935 0.8375 0.7579
2007 0.6790 0.7272 0.7694 0.6756
2008 0.7096 0.6832 0.7740 0.6355
2009 0.6945 0.7170 0.7853 0.6634
2010 0.7485 0.7540 0.8188 0.7036
2011 0.7728 0.7192 0.7728 0.6721
17.2 Share information
Market capitalization
Philips’ market capitalization was EUR 15.1 billion at year-
end 2011. The highest closing price for Philips’ shares
during 2011 in Amsterdam was EUR 25.34 on January 18,
2011 and the lowest was EUR 12.23 on September 12,
2011. The highest closing price for Philips’ shares during
2011 in New York was USD 33.81 on January 18, 2011
and the lowest was USD 16.87 on September 22, 2011.
Market capitalization
in billions of euros
■
■-market capitalization of Philips--■-of which publicly quoted stakes1)
40
30
20
10
0
2007 2008 2009 2010 2011
1) The years 2007 and 2008 mainly reflect our shareholdings in TSMC and LG
Display, which were exited in 2008 and 2009 respectively
Share capital structure
During 2011, Philips’ issued share capital increased by
approximately 23 million common shares to a level of
1,009 million common shares. The main reason for this is
the elective dividend, resulting in the issue of 22,896,661
new common shares. The basic shares outstanding
decreased from 947 million at the end of December 2010
to 926 million at the end of 2011. As of December 31,
2011, the shares held in treasury amounted to 82.9 million
shares, of which 33.6 million are held by Philips to cover
long-term incentive and employee stock purchase plans.
The Dutch Financial Markets Supervision Act (Wet op het
financieel toezicht) imposes a duty to disclose percentage
holdings in the capital and/or voting rights in the Company
when such holding reaches, exceeds or falls below 5%,
10%, 15%, 20%, 25%, 30%, 40%, 50%, 60%, 75% and 95%.
Such disclosure must be made to the Netherlands
Authority for the Financial Markets (AFM) without delay.
The AFM then notifies the Company.
On July 13, 2011, the Company received notification from
the AFM that it had received disclosures under the
Financial Markets Supervision Act of a substantial holding
of 5.10% by Southeastern Asset Management, Inc. in the