Press Release


TNT completes euro 500 million share buyback programme

Publish Date : 1 July 2008 at 08:45 CET - Amsterdam, Further to the share buyback programme announced on 30 July 2007, the completion of a first euro 200 million tranche on 4 January 2008, the completion of a second euro 100 million tranche on 15 February 2008, and a third up to euro 200 million tranche, announced on 28 April 2008, TNT N.V. announces that this third up to euro 200 million tranche was completed on 30 June 2008:

  • on 25 June 2008, it purchased 325,000 TNT N.V. ordinary shares at an average price of euro 23.1390 per share,
  • on 26 June 2008, it purchased 335,000 TNT N.V. ordinary shares at an average price of euro 22.5637 per share,
  • on 27 June 2008, it purchased 275,000 TNT N.V. ordinary shares at an average price of euro 22.2545 per share,
  • on 30 June 2008, it purchased 340,393 TNT N.V. ordinary shares at an average price of euro 21.9824 per share,
  • during the period from 29 April 2008 until and including 30 June 2008, it purchased 8,167,530 TNT N.V. ordinary shares at an average price of euro 24.4872 per share, and
  • as the total amount of the share buyback from 29 April 2008 until and including 30 June 2008 therefore amounts to the announced maximum of up to euro 200 million, a third tranche of the share buyback programme has been completed.
  • with the completion of this third up to euro 200 million tranche, the euro 500 million share buyback programme announced on 30 July 2007, has also been completed.

TNT's issued share capital currently consists of 368,189,351 ordinary shares. This number includes the 8,167,530 shares repurchased as part of the above-mentioned third tranche, which TNT intends to cancel taking into account applicable regulations as stipulated by law and the articles of association. The 11,034,904 shares repurchased under the first two tranches have already been cancelled.

About TNT
TNT 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 more than 161,500 people. Over 2007, TNT reported €11 billion in revenues and an operating income of €1,192 million. TNT is publicly listed on the stock exchange of Amsterdam. TNT recognises its social responsibility, and has formed partnerships with the United Nations World Food Programme and the United Nations Environment Programme to fight hunger and pollution in the world.

Page publication date: 1 July 2008 at 08:45 CET