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 mail and logistics solutions provider for all. We have been delivering special moments for over 220 years and aim to be our customers’ favourite deliverer by making it as easy as possible for them to send and receive parcels and letters. We constantly offer new services by combining state-of-the-art logistics, digital applications and the right communications channels. And every day we’re looking to do things even better – from apps to digital stamp codes, to sustainable transport and city logistics. On weekdays, we deliver an average 800,000 parcels and 7 million letters across the Benelux region, and our 38,000 people are right at the heart of society.
PostNL NV is a listed company with revenues of €2.8 billion in 2018, 48% of which derived from e-commerce.