Menu

Conversion rate interim dividend PostNL

26 August 2019 – The Hague – PostNL announces conversion rate interim dividend

On 5 August 2019, PostNL announced to pay an interim dividend over 2019 of €0.08 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 22.3450 dividend rights. This represents a value of €0.08 per dividend right. The conversion rate has been determined on the basis of the volume-weighted average price of €1.7876 of all traded PostNL ordinary shares at Euronext Amsterdam on 21, 22 and 23 August 2019.

Shareholders representing over 40% of the outstanding share capital have elected dividend to be paid in shares, resulting in the issue of approximately 8,795,000 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 27 August 2019.