Philips And Exor Renew Long-Term Agreement, Keeping Governance Unchanged While Raising Shareholding Flexibility To 22%
It provides Exor with the flexibility to increase its shareholding in Philips to up to 22% of the company’s issued ordinary share capital and voting rights, up from the previous 20% cap, with the possibility of
Exor, a big investor in Philips, got permission to own a little more of the company (up to 22% instead of 20%) while keeping the same leadership rules in place. This shows the two companies trust each other and want to keep working together long-term.
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