OREANDA-NEWS. Royal Philips (NYSE: PHG, AEX: PHIA) today published the agenda and the explanatory notes for the 2015 Annual General Meeting of Shareholders (AGM).

In view of the sharpening of Philips’ strategic focus announced on September 23, 2014, the voting items on the AGM agenda include the separation of the Lighting business from Royal Philips. It is the current intention to effectuate the separation of the Lighting business through an Initial Public Offering, but other options will continue to be reviewed. A shareholders circular with further information related to this agenda item will be published before March 26, 2015.

The agenda for the AGM also includes the proposal to re-appoint Frans van Houten, Ron Wirahadiraksa and Pieter Nota as the members of the Board of Management for a term of four years. The agenda also includes the proposal to re-appoint Jackson Tai, Heino von Prondzynski and Kees van Lede as members of the Supervisory Board. Additionally, the agenda contains the proposal to appoint Ernst & Young Accountants LLP as external auditor of Philips.

Philips’ AGM will be held at the Beurs van Berlage in Amsterdam on May 7, 2015, and starts at 14:00 hours CET.

Additional information on the composition of the Supervisory Board and on Philips' full-year results, which were first presented on January 27, 2015, is included in Philips' 2014 Annual Report published today.

Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2014 sales of EUR 21.4 billion and employs approximately 105,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare.