Philips 2015 Annual Report Download - page 227

Investor Relations 17.1
Annual Report 2015 227
dividend rights entitled to one new common share,
such that the gross dividend in shares will be
approximately equal to the gross dividend in cash. On
June 14, 2016 the ratio and the number of shares to be
issued will be announced. Payment of the dividend and
delivery of new common shares, with settlement of
fractions in cash, if required, will take place from June
15, 2016 onwards. The distribution of dividend in cash
to holders of New York Registry shares will be made in
USD at the USD/EUR rate xed by the European Central
Bank on June 13, 2016.
Dividend in cash is in principle subject to 15% Dutch
dividend withholding tax, which will be deducted from
the dividend in cash paid to the shareholders. Dividend
in shares paid out of net income and retained earnings
is subject to 15% dividend withholding tax, but only in
respect of the par value of the shares (EUR 0.20 per
share). Shareholders are advised to consult their tax
advisor on the applicable situation with respect to taxes
on the dividend received.
In 2015, a dividend of EUR 0.80 per common share was
paid in cash or shares, at the option of the shareholder.
For 59.2% of the shares, the shareholders elected for a
share dividend, resulting in the issue of 17,671,990 new
common shares, leading to a 1.9% dilution. EUR 298
million was paid in cash. For additional information, see
section 5.4, Proposed distribution to shareholders, of
this Annual Report.
ex-dividend
date record date payment date
Amsterdam
shares May 16, 2016 May 17, 2016 June 15, 2016
New York
shares May 13, 2016 May 17, 2016 June 15, 2016
Philips Group
Dividend and dividend yield per common share
2006 - 2016
0.44
‘06
0.60
‘07
0.70
‘08
0.70
‘09
0.70
‘10
0.75
‘11
0.75
‘12
0.75
‘13
0.80
‘14
0.80
‘15
0.802) Dividend per
share in EUR
‘16
1.7% 2.1% 2.4%
5.1%
3.4% 3.3%
4.6% 3.8% 3.0% 3.3% 3.4% Yield in %1)
1) Dividend yield % is as of December 31 of previous year
2) Subject to approval by the 2016 Annual General Meeting of
Shareholders
Information for investors in New York Registry
shares program
Dividends and distributions per common share
The following table sets forth in euros the gross
dividends on the common shares in the scal years
indicated (from prior-year prot distribution) and such
amounts as converted into US dollars and paid to
holders of shares of the New York Registry:
Philips Group
Gross dividends on the common shares
2011 - 2015
2011 2012 2013 2014 2015
in EUR 0.75 0.75 0.75 0.80 0.80
in USD 1.11 0.94 0.98 1.09 0.89
Exchange rates USD : EUR
The following two tables set forth, for the periods and
dates indicated, certain information concerning the
exchange rate for US dollars into euros based on the
Noon Buying Rate in New York City for cable transfers
in foreign currencies as certied for customs purposes
by the Federal Reserve Bank of New York (the “Noon
Buying Rate”). The Noon Buying Rate on February 12,
2016 was EUR 0.8901 per USD 1.
Exchange rate (based on the “Noon Buying Rate”)
EUR per USD
2011 - 2015
period end average high low
2011 0.7708 0.7186 0.7736 0.6723
2012 0.7584 0.7782 0.8290 0.7428
2013 0.7257 0.7532 0.7828 0.7238
2014 0.8264 0.7533 0.8264 0.7180
2015 0.9209 0.9018 0.9502 0.8323
Exchange rate per month (based on the “Noon Buying Rate”)
EUR per USD
2015 - 2016
highest rate lowest rate
August, 2015 0.9201 0.8636
September, 2015 0.9006 0.8804
October, 2015 0.9122 0.8744
November, 2015 0.9468 0.9069
December, 2015 0.9458 0.9070
January, 2016 0.9308 0.9121
Unless otherwise stated, for the convenience of the
reader, the translations of euros into US dollars
appearing in this section have been made based on the
closing rate on December 31, 2015 (USD 1 = EUR 0.9151).
This rate is not materially dierent from the Noon
Buying Rate on such date (USD 1 = EUR 0.9209).
The following table sets out the exchange rate for US
dollars into euros applicable for translation of Philips’
nancial statements for the periods specied.