Conversion rate dividend PostNL 2023
PostNL announces conversion rate dividend
On 7 August 2023, PostNL announced to pay an interim dividend over 2023 of €0.06 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 34.5516 dividend rights. This represents a value of €0.06 per dividend right. The conversion rate has been determined on the basis of the volume-weighted average price of €2.0731 of all traded PostNL ordinary shares at Euronext Amsterdam on 22, 23 and 24 August 2023.
Shareholders representing around 27% of the outstanding share capital have elected dividend to be paid in shares, resulting in the issue of approximately 3,825,000 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 28 August 2023.
We are PostNL, the mail and logistics solutions provider for all. With our mail and parcel deliverers who get everywhere, our 5,500 PostNL locations, 11.000 mail boxes and 517 automated parcel lockers, 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 35,000 people are right at the heart of society. On weekdays, we deliver an average 1.1 million parcels and 7.4 million letters across the Benelux region. Our focus is on quality for our customers, creating opportunities for our people and adding value for our stakeholders through growth, digitalisation and sustainability initiatives.
We optimise and support our physical networks by using smart digital solutions and launching new propositions that create value for our customers. We build long-lasting working relationships by acting as a good employer and client for everyone who works for and with us. 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 €3.1 billion in 2022, 61% of this derived from e-commerce. We provide deliveries of mail and parcels, logistics solutions for e-commerce, and cross-border solutions.