Conversion rate dividend PostNL 2024

PostNL announces conversion rate dividend

On 16 April 2024, PostNL announced to pay a final dividend over 2023 of €0,03 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 40.1066 dividend rights. This represents a value of €0.03 per dividend right. The conversion rate has been determined on the basis of the volume-weighted average price of €1.2032 of all traded PostNL ordinary shares at Euronext Amsterdam on 3, 6 and 7 May 2024.

Shareholders representing around 27.5% of the outstanding share capital have elected dividend to be paid in shares, resulting in the issue of approximately 3,393,974 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 10 May 2024.