Conversion rate dividend PostNL
On 20 April 2021, PostNL announced to pay a final dividend over 2020 of €0.28 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 15.4732 dividend rights. This represents a value of €0.28 per dividend right. The conversion rate has been determined on the basis of the volume-weighted average price of €4.3325 of all traded PostNL ordinary shares at Euronext Amsterdam on 7, 10 and 11 May 2021.
Shareholders representing almost 40% of the outstanding share capital have elected dividend to be paid in shares, resulting in the issue of approximately 12,709,000 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 14 May 2021.
We are PostNL, the mail and logistics solutions provider for all. With our mail and parcel deliverers who get everywhere, our over 4,200 PostNL locations and 11,000 postboxes, we are always nearby. We aim to be our customers’ favourite deliverer by making it as easy as possible for them to send and receive parcels and letters. Our over 40,000 people are right at the heart of society. On weekdays, we deliver an average 1.1 million parcels and 8.1 million letters across the Benelux region. Digital transformation is central to PostNL’s operations, and we optimise and support our physical networks by using smart digital solutions and launching new propositions that create value for our customers. To make our deliveries as sustainable as possible, we cover a lot of kilometres on foot or by bicycle or e-bike, provide innovative city logistics, use cleaner fuels, and use electric vans and light electric trucks.
PostNL NV is a listed company with revenues of €3.3 billion in 2020, 63% of this derived from e-commerce. It provides deliveries of mail and parcels, logistics solutions for e-commerce, and cross-border solutions.