Shareholders who elected an interim dividend in shares will receive one new TNT Express N.V. ordinary share for every 161 dividend rights. This represents a value of € 0.04134 per dividend right which is 3.35% above the value of the cash dividend. The conversion rate has been based on the volume-weighted average share price of € 6.6558 for all TNT Express N.V. shares traded on Euronext Amsterdam over a three trading day period from 16 up to and including 18 August 2011.
35% of outstanding capital has elected for dividend to be paid in shares, which results in approximately 1,169,000 new ordinary shares being issued as stock dividend. To the extent that the dividend is paid in shares, it will be paid free of withholding tax and it will in principle be sourced from the additional paid-in capital that is recognised for Dutch dividend withholding tax purposes. The cash dividend will be paid out of the remaining additional paid-in capital.
The dividend will be payable as from 23 August 2011.
About TNTExpress
TNT Express, one of the world’s largest express delivery companies, moves 4.7 million parcels, documents, and pieces of freight every week to morethan 200 countries. TNT Express operates air and road transportation networks in Europe, China, SouthAmerica, the Asia-Pacific and the Middle East.The company employs 83,000 people and runs a fleet of about 30,000 roadvehicles and 50 aircraft. It has more than 2,600 depots and sorting centres. TNT Express made €7.053 billion in revenue in 2010.
For more information and inquiries, please contact:
TNT Express Media Relations
Ernst Moeksis
Director Media Relations
Phone: +31 88 393 9323
Mobile: +31 651 189 384
Email: ernst.moeksis@tnt.com
TNT Express Investor Relations
Andrew Beh
Director Investor Relations
Phone: +31 88 393 9500
Mobile: +31 623 703 493
Email: andrew.beh@tnt.com
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