TNT announces results of Annual General Meeting of Shareholders

Amsterdam - TNT N.V. is announcing that the Annual General Meeting of Shareholders (AGM) held today adopted the 2009 financial statements and determined the dividend over 2009 at € 0.53 per ordinary share, duly noting that € 0.18 has already been paid in cash or shares as an interim dividend. The final dividend will be € 0.35 per ordinary share, to be made available in cash or in ordinary shares.

During the AGM the following announcements with regard to the Supervisory Board and the Board of Management were made:

  • As per the close of the AGM Mr. V. Halberstadt and Mr. R. King will retire according to the rotation plan of the Supervisory Board. Mr. V. Halberstadt was not available for reappointment. Mr. R. King was available for reappointment and has been reappointed by the AGM as a member or the Supervisory Board. Furthermore Mr. J. Wallage has been appointed by the AGM as a member of the Supervisory Board for a period of four years.
  • As per the close of the AGM in 2011, Ms. M.E. Harris and Mr. W. Kok will resign according to the rotation plan of the Supervisory Board.
  • Mr. H. van Dalen was reappointed as member of the Board of Management of TNT for a period of four years.

Other points on the agenda of the AGM

  • The corporate governance chapter in the Annual Report 2009 was discussed. 
  • The AGM voted against the proposal to maintain the full large company regime at the level of TNT N.V.; amendments to the articles of association of TNT N.V. will be proposed at the next (Annual) General Meeting of Shareholders.

Furthermore the AGM adopted the following resolutions

  • The proposed Board of Management remuneration policy. 
  • To release from liability the members of the Board of Management and the Supervisory Board for their management respectively their supervision insofar as apparent from the financial statements. 
  • To extend the designation of the Board of Management as authorised body to issue ordinary shares until 8 October 2011. 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 Board of Management as authorised body to limit or exclude the pre-emptive right to issue ordinary shares until 8 October 2011. 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 authorise the Board of Management to have the company acquire its own shares to a maximum of 10% of the issued share capital until 8 October 2011.
  • To reduce the issued share capital by cancelling such number of ordinary shares as will be determined by the Board of Management, with a restriction of 10% of the issued share capital as shown in the annual accounts for the financial year 2009.