Resolutions General Meeting of Shareholders

The Hague – Today, the General Meeting of Shareholders (AGM) of PostNL N.V. adopted the financial statements 2016 and approved the proposal to pay dividend. The holders of ordinary shares will be paid a dividend of €0.12 per ordinary share in cash or shares at the option of the shareholders

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.

Dividend

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.