Conversion rate dividend PostNL

12 May 2021, The Hague – PostNL announces conversion rate dividend

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.