Resolutions General Meeting of Shareholders
17 April 2018 – The Hague – Today, the General Meeting of Shareholders (AGM) of PostNL N.V. adopted the financial statements 2017 and approved the proposal to pay dividend. The holders of ordinary shares will be paid a dividend of €0.17 per ordinary share in cash or shares at the option of the shareholders
Mr Nooitgedagt has been appointed as member of the Supervisory Board and Mr Wallage has been reappointed.
In addition, the AGM adopted the following resolutions:
- The release from liability of the members of the Board of Management and of the members of the Supervisory Board or their management insofar as such management is apparent from the 2017 financial statements or from information provided to the General Meeting otherwise.
- Extension of the designation of the Board of Management as authorised body to issue ordinary shares until 17 October 2019. This authority shall be limited to a maximum of 10% of the issued capital, at the time of issue, plus a further issue up to 10% of the issued capital, at the time of issue, if the issue takes place in view of a merger or an acquisition.
- Extension of the designation of the Board of Management as authorised body to limit or exclude the pre-emptive right upon the issue of ordinary shares until 17 October 2019. This authority shall be limited to a maximum of 10% of the issued capital, at the time of issue, plus a further issue up to 10% of the issued capital, at the time of issue, if the issue takes place in view of a merger or an acquisition.
The relevant documents, such as the presentation, the resolutions and the voting results, will be made available on PostNL’s website in the coming days.
Furthermore, after the AGM, the Supervisory Board appointed Mr Berendsen as CFO and member of the Managing Board effective 18 April 2018.
The PostNL shares will trade ex-dividend as of 19 April 2018. The dividend record date will be 20 April 2018. Shareholders will be given the opportunity to make their choice between cash and shares between 23 April 2018 and 7 May 2018. If no choice is made during this election period, the dividend will be paid in cash. 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 number of share dividend rights entitled to one new common share will be determined based on the volume-weighted average price of all traded PostNL ordinary shares at Euronext Amsterdam on 3, 4 and 7 May 2018. The value of the stock dividend, based on this VWAP, will, subject to rounding, be targeted at but not be lower than the cash dividend. There will be no trading in stock dividend rights. The dividend will be payable as of 9 May 2018.
We are PostNL, the mail and logistics solutions provider for all. With our mail and parcel deliverers who get everywhere, our over 4,800 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 37,000 people are right at the heart of society. On weekdays, we deliver an average 1.2 million parcels and 8 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 €3.5 billion in 2021. We provide deliveries of mail and parcels, logistics solutions for e-commerce, and cross-border solutions.