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.
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.