Royal Philips has determined the exchange ratio for 2020 dividends for shares. The payment of dividends in the form of shares will be made at the rate of €45.8086 per share. This form of payment was chosen by 37.7% of shareholders. The company will issue 6,345,968 new shares to them, bringing the total number to 917,398,969. However, Royal Philips intends to buy back and redeem 20,476,023 shares, which will bring their total number to 896,922,673.