Philips 2012 Annual Report Download - page 218

17 Investor Relations 17.2 - 17.2
218 Annual Report 2012
On May 2, 2012, the Company received notification from
the AFM that it had received disclosures under the
Financial Markets Supervision Act of a substantial holding
of 5.42% by Barclays Plc in the Company’s common
shares. This was reduced to below 5% on May 4, 2012.
On June 12, 2012 the Company received notification from
the AFM that it had received disclosures under the
Financial Markets Supervision Act of a substantial holding
of 10.02% by the Company in its own shares. This was
reduced to below 5% on September 21, 2012. On
November 27, 2012 the Company received notification
from the AFM that it had received disclosures under the
Financial Markets Supervision Act of a substantial holding
of 5.02% by BlackRock, Inc. in the Company’s common
shares.
Based on a survey in December 2012 and information
provided by several large custodians, the following
shareholder portfolio information is included in the
graphs Shareholders by region and Shareholders by style.
Shareholders by region (estimated)1)
in %
North America
53
Western Europe
42
Other
5
1) Split based on identified shares in shareholder identification
Shareholders by style (estimated)1)
in %
Growth
3
Value
41
GARP3)
17
Index
9
Yield
8
Retail
7
SWF2)
6
Other
9
1) Split based on identified shares in shareholder identification
2) SWF: Sovereign Wealth Fund
3) GARP: growth at reasonable price
Share repurchase programs for capital
reduction purposes
On July 18, 2011, Philips announced a further EUR 2 billion
share repurchase program to be completed within 12
months. Taking into consideration the volatility of the
financial markets, it was decided to extend the program
through the end of Q2 2013. By the end of 2012, Philips
has completed 73% of the EUR 2 billion share buy-back
program.
Further details on the share repurchase programs can be
found on the Investor Relations website. For more
information see chapter 11, Corporate governance, of
this Annual Report.
Impact of share repurchases on share count
in millions of shares
2008 2009 2010 2011 2012
Shares issued 972 972 986 1,009 957
Shares in treasury 49 45 39 83 42
Shares outstanding 923 927 947 926 915
Shares repurchased 146 − − 48 47
Shares cancelled 170 − − − 82
A total of 42,541,687 shares were held in treasury by the
Company at December 31, 2012 (2011: 82,880,543
shares). As of that date, a total of 52,289,603 rights to
acquire shares (under convertible personnel debentures,
share rights programs and stock options) were
outstanding (2011: 47,142,041).