First tranche share buyback programme PostNL completed on 25 May 2022
The Hague, the Netherlands, 26 May 2022 – PostNL today announced the completion of the first tranche of the share buyback programme.
The company has repurchased the maximum number of 51 million ordinary shares as announced per the start of the first tranche of the share buyback programme on 1 March 2022 for a total consideration of €159.2 million. The average price per share amounted to €3.12.
The first tranche is part of PostNL’s share buyback programme that has a total value of maximum €250 million and was announced on 25 January 2022. The remainder value of the programme is €90.8 million and will be executed in 2023.
PostNL intends to use any repurchased shares to cover its obligations under share-based remuneration arrangements and to deliver dividend that may be partly paid in stock, at the choice of the shareholder. The remaining number of the bought-back shares will be cancelled.
Download the share buyback transactions excel sheet for detailed individual transaction information from https://www.postnl.nl/en/about-postnl/investors/shares/share-buyback-programme/
This press release is issued in connection with the disclosure and reporting obligation set out in Article 2(2) of the EU Regulation that contains technical standards for buyback programs.
About PostNL
We are PostNL, here for everyone, bringing it all together for 225 years. With an extensive network of nearly 5,800 PostNL points, 11,000 letterboxes, and over 900 automated, also open to various carriers, along with millions of users of the PostNL app, we're always close by. We aim to be everyone's favourite deliverer by making it as easy as possible to send and receive parcels and mail. With nearly 34,000 colleagues working with us, we are part of society. We offer a range of services, including mail and parcel delivery, logistic e-commerce solutions, and cross-border solutions. On an average weekday in the Benelux, we deliver 1.1 million parcels and 6.9 million letters. We are commitment to customer satisfaction, providing opportunities for our employees, and generating value for our stakeholders through growth, digitalisation, and sustainability.
We optimise and support our physical networks through the use of smart digital solutions and introduce new propositions that add value for our customers. And aim for sustainable employment relationships by being a good employer to all people working with and for us. We focus on sustainability, making many journeys on foot and by bicycle, increasingly using cleaner fuels and electric vehicles, and offering innovative city logistics. PostNL N.V. is a publicly traded company with a turnover of €3.2 billion in 2023, 62% of which e-commerce related.