Exor N.V. Amends Philips Stake Filing

TL;DR

Exor N.V. updated its stake in Philips. Watch this space.

AI Summary

Exor N.V. has amended its Schedule 13D filing regarding Koninklijke Philips NV, indicating a change in its beneficial ownership as of June 25, 2024. The filing does not specify the exact percentage or number of shares held, but it is an amendment to a previous filing, suggesting a potential shift in Exor's stake in Philips.

Why It Matters

This amendment signals a potential change in a significant investor's position in Koninklijke Philips NV, which could influence market perception and stock performance.

Risk Assessment

Risk Level: medium — Amendments to 13D filings can indicate shifts in major shareholder positions, potentially impacting stock price and corporate strategy.

Key Players & Entities

• Exor N.V. (company) — Filing entity
• Koninklijke Philips NV (company) — Subject company
• GIOVANNI AGNELLI B.V. (company) — Group member
• Exor S.p.A. (company) — Former company name for Exor N.V.
• Koninklijke Philips Electronics NV (company) — Former company name for Koninklijke Philips NV

FAQ

Filing Documents

• d826824dsc13da.htm (SC 13D/A) — 101KB
• d826824dex991.htm (EX-99.1) — 4KB
• 0001193125-24-167907.txt ( ) — 107KB

From the Filing

SC 13D/A 1 d826824dsc13da.htm SC 13D/A SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2 )* Koninklijke Philips NV (Name of Issuer) Ordinary shares, par value 0.20 per share (Title of Class of Securities) None (CUSIP Number) Jeff Hendrickson, Esq. Allen Overy Shearman Sterling LLP One Bishops Square London E1 6AD United Kingdom (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 21, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 ( Act ) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 000000000 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Giovanni Agnelli B.V. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (see instructions) (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS* (see instructions) WC 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION The Netherlands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7 SOLE VOTING POWER 163,717,857 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 163,717,857 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 163,717,857 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* (see instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.51% 14 TYPE OF REPORTING PERSON* (see instructions) HC, CO Page 2 of 9 CUSIP No. 000000000 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Exor N.V. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (see instructions) (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS* (see instructions) WC 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION The Netherlands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7 SOLE VOTING POWER 163,717,857 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 163,717,857 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 163,717,857 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* (see instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.51% 14 TYPE OF REPORTING PERSON* (see instructions) HC, CO Page 3 of 9 This Amendment No. 2 (the Amendment No. 2 ) relates to the Schedule 13D filed on August 23, 2023 (the Original Schedule 13D ), as amended and supplemented by Amendment No. 1 (the Amendment No. 1 ) on May 14, 2024 (together with the Original Schedule 13D, the Schedule 13D ), which were filed with the Securities and Exchange Commission by (1) Giovanni Agnelli B.V. ( G.A. ) and (2) Exor N.V. ( Exor ) (each a Reporting Person , and collectively referred to herein as the Reporting Persons ) with respect to the ordinary shares (the Shares ) of Koninklijke Philips NV ( Philips or the Issuer ). Item2. Identity and Background. The information set forth in Schedule A of Item 2 (c) of the Original Schedule 13D is hereby amended to the information set forth in Schedule A attached hereto. Item3. Source and Amount of Funds or Other Consideration. The information set forth in Item 3 of the Schedule 13D is hereby amended and supplemented by adding the following information: The Reporting Persons acquired an additional 19,547,707 Shares for an aggregate purchase price (subject to adjustment) of approximately 481 million. An additional 4,872,647 Shares were received as part of the Issuers dividend distribution in May 2024. The Reporting Persons own a total of 163,717,857 Shares having spent to date approximately 3.3 billion in relation to the acquisition of the Shares. All Shares purchased by

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