Mr Blok has been appointed as member of the Supervisory Board and Ms Jongerius and Mr Engel have been reappointed.
In addition, the AGM adopted the following resolutions:
- The release from liability of the members of the Board of Management and of the members of the Supervisory Board for their management insofar as such management is apparent from the 2016 financial statements or from information provided to the General Meeting otherwise.
- Extension of the designation of the Board of Management as authorised body to issue ordinary shares until 18 October 2018. This authority shall be limited to a maximum of 10% of the issued capital, at the time of issue, plus a further issue up to 10% of the issued capital, at the time of issue, if the issue takes place in view of a merger or an acquisition.
- Extension of the designation of the Board of Management as authorised body to limit or exclude the pre-emptive right upon the issue of ordinary shares until 18 October 2018. This authority shall be limited to a maximum of 10% of the issued capital, at the time of issue, plus a further issue up to 10% of the issued capital, at the time of issue, if the issue takes place in view of a merger or an acquisition.
The relevant documents, such as the presentation, the resolutions and the voting results, will be made available on PostNL’s website in the coming days.
The PostNL shares will trade ex-dividend as of 20 April 2017. The dividend record date will be 21 April 2017. Shareholders will be given the opportunity to make their choice between cash and shares between 24 April 2017 and 9 May 2017. If no choice is made during this election period the dividend will be paid in cash. The shares to be issued as stock dividend are paid out of additional paid in capital as part of the distributable reserves, free of withholding tax in the Netherlands. The number of share dividend rights entitled to one new common share will be determined based on the volume-weighted average price of all traded PostNL ordinary shares at Euronext Amsterdam on 5, 8 and 9 May 2017. The value of the stock dividend, based on this VWAP, will, subject to rounding, be targeted at but not be lower than the cash dividend. There will be no trading in stock dividend rights. The dividend will be payable as of 11 May 2017.
We are PostNL. The postal and logistic solutions provider. For our customers, we are the link between the physical and the online world. We facilitate communications between people and companies. We deliver parcels seven days a week and letters five days a week. On an average day, we deliver 575,000 parcels and 9 million letters throughout the Benelux. We offer more and more new services through combinations of smart networks, digital applications and the right communications channels. In doing so, we aim to make the daily lives of our customers easier.
As the first listed postal company, we have the largest and most modern network for letters, parcels and e-commerce in the Benelux countries. In addition, we also operate in Germany, Italy and eight other countries across the world. PostNL employs a total of 46,000 people. With our loyal workforce, extensive networks and innovative drive, our ambition is to be the leading postal and logistics solutions provider in chosen markets. In 2016 our revenues reached €3,4 billion.