Shareholders who elected an interim dividend in shares will receive one new TNT N.V. ordinary share for every 62 dividend rights. This represents a value of € 0.2981 per dividend right which is 2.81% above the value of the cash dividend. The conversion rate has been based on the volume-weighted average share price of € 18.4847 for all TNT N.V. shares traded on Euronext Amsterdam over a three trading day period from 4 up to and including 8 March 2011.
60% of outstanding capital has elected for dividend to be paid in shares, which results in approximately 3,626,000 new ordinary shares being issued as stock dividend. The stock dividend will be paid out of additional paid in capital as part of the distributable reserves, free of withholding tax in the Netherlands.
The dividend will be payable as from 11 March 2011.
About TNT
TNT provides businesses and consumers worldwide with an extensive range of services for their mail and express delivery needs. Headquartered in the Netherlands, TNT offers efficient network infrastructures in Europe and Asia and keeps optimising its global network performance. TNT serves more than 200 countries and employs about 160,000 people. Over 2010, the Express and Mail businesses of TNT had revenues of €7.05 billion and €4.29 billion, respectively. TNT is officially quoted on the Amsterdam Stock Exchange. TNT recognises its social responsibility and has formed partnerships with the United Nations World Food Programme and the United Nations Environment Programme to fight hunger and pollution in the world. Our efforts are being recognised: In 2010 TNT was awarded super sector leader in the Industrial Goods and Services sector of the Dow Jones Sustainability Indexes for the fourth time in a row. More information about TNT can be found on its website http://group.tnt.com.
