Shareholders who elected a dividend in shares will receive one new TNT Express N.V. ordinary share for every 261 dividend rights. This represents a value of € 0.0248 per dividend right, which is 3.25% above the value of the cash dividend. The conversion rate has been based on the volume-weighted average share price of € 6.4676 for all TNT Express N.V. shares traded on NYSE Euronext by Euronext Amsterdam over a three trading day period from 30 April 2014 up to and including 5 May 2014.
49% of the outstanding capital has elected for dividend to be paid in shares, which results in approximately 1,031,500 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 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 12 May 2014.
Press Release
Announcement conversion rate pro forma final optional dividend 2013
Publish Date : 06 May 2014 08:00 CET -Amsterdam, The Netherlands
On 9 April 2014, TNT Express N.V. declared a pro forma final optional dividend of € 0.024 per ordinary share. The dividend is payable, at the shareholder's election, either wholly in ordinary shares or wholly in cash.
About TNT Express
TNT Express is one of the world’s largest express delivery companies. On a daily basis, TNT Express delivers close to one million consignments ranging from documents and parcels to palletised freight. The company operates road and air transportation networks in Europe, the Middle East and Africa, Asia-Pacific and the Americas. TNT Express made € 6.7 billion in revenue in 2013.
For more information, please contact:
| MEDIA Cyrille Gibot Phone: +31 88 393 9300 Mobile: +31 651 133 104 E-mail: cyrille.gibot@tnt.com |
|
INVESTORS Andrew Beh Phone: +31 88 393 9500 E-mail: andrew.beh@tnt.com |
Michiel van der Harst Phone: +31 88 393 9500 E-mail: michiel.van.der.harst@tnt.com |
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