Announcement conversion rate final dividend 2011
4 May 2012 at 18:40 CET - The Hague – On 24 April 2012, PostNL N.V. declared a final dividend 2011 of € 0.193 per ordinary share, that is payable fully in ordinary shares. The final dividend 2011 includes the pass-through of the final dividend received from the stake in TNT Express. The total 2011 dividend amounts to €0.407 per ordinary share, of which €0.214 per ordinary share has been paid as an interim dividend.
Shareholders will receive one new PostNL N.V. ordinary share for every 18 dividend rights. This represents a value of €0.1931 per dividend right which is a 0.06% premium above the value of the declared final dividend. The conversion rate was based on the volume-weighted average share price (€ 3.4761) for all PostNL N.V. shares traded on NYSE Euronext Amsterdam over the three trading day period from 2 May up to and including 4 May 2012.
The final dividend paid in shares will be sourced from the additional paid-in capital that is recognised for Dutch dividend withholding tax purposes and consequently free from such withholding tax.
Approximately 21,8 million new ordinary shares will be issued as final dividend 2011. The delivery of shares will take place as of 8 May 2012.
PostNL is the inventive partner in the world of sending and receiving. We have been so for 200 years already. We are primarily active in the fields of mail, parcels and e-commerce, but we also offer services in the areas of data and document management, direct marketing and fulfilment. Outside the Netherlands, we are active in Germany, the United Kingdom, Italy, Belgium and Luxemburg. PostNL employs a total of approximately 66,000 people. In 2012 our revenues reached almost € 4.3 billion.
We like to stay ahead of things. We are the most modern postal company in the world. We are proud of that. We are an example to the rest of the world in the automatic sorting of mail, we are the first listed postal company and we are the international champion in corporate responsibility, as leader in our sector in the Dow Jones Sustainability Index 2011.