201705089 Conversion rate dividend PostNL

Conversion rate dividend PostNL

The Hague – PostNL announces conversion rate dividend

On 18 April 2017, PostNL announced to pay a 2016 dividend of €0.12 per ordinary share in cash or shares at the option of the shareholders.

Shareholders that elected dividend in shares will receive one PostNL ordinary share for every 36.4116 dividend rights. This represents a value of €0.12 per dividend right. The conversion rate has been determined on the basis of the volume-weighted average price of €4.3694 of all traded PostNL ordinary shares at Euronext Amsterdam on 5, 8 and 9 May 2017.

Shareholders representing over 52% of the outstanding share capital have elected dividend to be paid in shares, resulting in the issue of approximately 6,365,000 new ordinary shares.

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 dividend will be payable as of 11 May 2017.