Considering FedEx’s offer to acquire TNT, the Executive Board of TNT has decided, with the approval of the Supervisory Board, not to pay a dividend for 2015. If TNT were to pay a dividend, the dividend amount would be subtracted from the offer price upon FedEx’s actually purchasing the shares from TNT’s shareholders.
Furthermore the AGM adopted the following resolutions:
- To release from liability the members of the Executive and Supervisory Boards for their tasks insofar as these tasks are apparent from the 2015 financial statements.
- To extend the designation of the Executive Board as body authorised to issue ordinary shares until 6 October 2017. This authority shall be limited to a maximum of 10% of the issued capital, plus a further 10% of the issued capital in case an issue takes place in relation to a merger or an acquisition.
- To extend the designation of the Executive Board as body authorised to limit or exclude the pre-emptive right upon issuance of ordinary shares until 6 October 2017. This authority shall be limited to a maximum of 10% of the issued capital, plus a further 10% of the issued capital in case an issue takes place in relation to a merger or an acquisition.
- To authorize the Executive Board to have TNT Express acquire its own shares to a maximum of 10% of the issued share capital until 6 October 2017.
