Press Release


TNT's Annual General Meeting of Shareholders adopts dividend for 2005

Publish Date : 20 April 2006 at 19:30 CET - Amsterdam, TNT N.V. announced today that the Annual General Meeting of Shareholders (AGM) adopted the determination of the dividend over 2005 at € 0.63 per ordinary share, duly noting that € 0.22 per ordinary share had already been paid as an interim dividend. An amount of € 0.41 per ordinary share therefore remains, which was decided to be made payable as a final dividend on 28 April 2006.

  • As per the closure of the Annual General Meeting of Shareholders of TNT N.V. (AGM), Mr. C.H. van Dalen, Chief Financial Officer, was appointed as member of the Board of Management by the Supervisory Board
  • Mr. R.W.H. Stomberg and Mr. J.M.T. Cochrane were re-appointed as members of the Supervisory Board
  • Mr. R. King from Hong Kong was appointed as a new member of the Supervisory Board
  • Reduction of issued capital through cancellation of 36,221,625 ordinary shares
  • Authorization for the Board of Management to buy back shares to a maximum of 10% of the issued capital extended
  • AGM granted extension of the authority of the Board of Management to issue shares

As per the closure of the AGM, Mr. C.H. van Dalen, Chief Financial Officer, was appointed as a member of the Board of Management by the Supervisory Board. The AGM re-appointed Mr. R.W.H. Stomberg and Mr. J.M.T. Cochrane as members of the Supervisory Board. The AGM appointed Mr. R. King as a new member of the Supervisory Board. Mr. King, a Chinese-American, is a very seasoned international businessman with over 30 years experience in Asia and the USA. His knowledge, Asian background and especially his experience in China will be of great value to TNT.

The AGM decided upon the reduction of the issued capital through cancellation of 36,221,625 ordinary shares (98.4% of the announced €1.0 billion of the share buy back commenced on 6 December 2005, the day TNT N.V. announced its intention to return capital to its shareholders by repurchasing ordinary shares). Furthermore, the Board of Management received authorization to buy back shares to a maximum of 10% of the issued share capital. The AGM also granted extension of the authority of the Board of Management to issue shares until 20 October 2007.

TNT N.V. provides businesses and consumers worldwide with an extensive range of services for their mail and express delivery needs. Headquartered in the Netherlands, TNT offers efficient network infrastructures in Europe and Asia and is expanding operations worldwide to maximize its network performance. TNT serves more than 200 countries and employs over 128,000 people (over 163,000 people including the division Logistics which is intended to be divested). For 2005 the company reported € 10.1 billion in revenues (€ 13.6 billion including Logistics). TNT N.V. is publicly listed on the stock exchanges of Amsterdam, New York and Frankfurt. TNT recognizes its social responsibility, and has formed partnerships with the United Nations World Food Programme and the United Nations Environmental Programme to fight hunger and pollution in the world.

Page publication date: 20 April 2006 at 19:30 CET