Philips Buyback Program Unchanged, to Keep Liquidity Position
23 März 2020 - 8:59AM
Dow Jones News
u
By Sabela Ojea
Koninklijke Philips N.V. said Monday that its balance sheet and
liquidity position are strong, adding that the size of its
share-buyback program remains unchanged.
Philips said that the remainder of its 1.5 billion euros ($1.7
billion) buyback program will be executed through one or more
forward transactions to be entered into in the course of 2020.
"Philips aims to optimize the number of shares to be repurchased
under the program, while maintaining its current liquidity position
in view of the possible further impact of the COVID-19 pandemic on
financial markets in 2020," it added.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
March 23, 2020 03:44 ET (07:44 GMT)
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