Resolutions taken by PostNL AGM

The Hague, the Netherlands, 16 April 2019 – Today, the Annual General Meeting of Shareholders (AGM) adopted PostNL NV’s 2018 financial statements and approved its dividend proposal. Holders of ordinary shares will receive a dividend of €0.24 per share. As €0,07 was distributed as an interim dividend, the final dividend amounts to € 0,17 and will be paid in cash or ordinary shares, at the option of the shareholder.

Also today, Marike van Lier Lels was appointed as a member of the Supervisory Board for a term of four years, while Thessa Menssen was reappointed to the Supervisory Board. PostNL’s Supervisory Board reappointed Herna Verhagen as the CEO and Chair of PostNL’s Board of Management, for a period of four years.

In addition, the AGM passed the following resolutions:

  • To discharge the members of PostNL’s Board of Management and Supervisory Board from liability in respect of their actions in 2018 insofar as these are apparent from the 2018 financial statements or communicated to the AGM.
  • To reappoint Ernst & Young Accountants LLP as PostNL’s accountants.
  • To designate the Board of Management as the body authorised to issue ordinary shares until 16 October 2020. This authority will be limited to a maximum of 10% of issued capital at the time of issue.
  • To designate the Board of Management as the body authorised to restrict or exclude pre-emption rights in the event of an issue of ordinary shares until 16 October 2020. This authority will be limited to a maximum of 10% of issued capital at the time of issue.
  • To authorise the Board of Management to buy back PostNL shares until 16 October 2020. This authority will be limited to a maximum of 10% of issued capital as at 16 April 2019.

The relevant documents, including the presentation, resolutions and voting results, will be made available on PostNL’s website in the next few days.

Dividend

PostNL shares will be quoted ex-dividend on 18 April 2019 and the dividend record date is 23 April 2019. Between 24 April and 8 May 2019, shareholders may, at their discretion, choose dividend payment in shares or in cash, and will receive their dividend in cash if they do not make a choice. Shares paid as stock dividend will be charged to the share premium reserve under distributable reserves, and are exempt from withholding tax in the Netherlands. The conversion ratio will be based on the volume-weighted average price (VWAP) of all Euronext Amsterdam-traded PostNL shares on 6, 7 and 8 May 2019. PostNL’s aim is for the value of the stock dividend – based on VWAP and subject to rounding – to be at least equal to that of the cash dividend. There will be no trading in stock dividend rights and the dividend will be payable from 10 May 2019.

Disclaimer

This press release contains inside information within the meaning of article 7 (1) of the EU Market Abuse Regulation.

Published on the 16th of April 06.45 pm