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PostNL N.V.

PostNL N.V.

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Publicatie datum 09 nov 2007 - 08:21
Statutaire naam PostNL N.V.
Titel TNT to start share repurchase program of up to €200 million
Bericht Amsterdam, 9 November, 2007 - TNT N.V. today announces it will start a share repurchase program of up to €200 million on Monday 12 November 2007, as a first tranche of the previously announced €500 million share buyback program. This €200 million first tranche will be executed by ABN AMRO Bank NV. TNT intends to cancel the ordinary shares acquired through the repurchase program. Given the share buyback value of up to €200 million, the maximum number of ordinary shares to be repurchased under this program will be around 7.3 million, calculated on the basis of the last trade prior to this announcement. The share buyback will start on 12 November 2007 and will end after 4 months unless, amongst other conditions, prior to such date: • The aggregate value of shares acquired by TNT since the start of this buyback reaches €200 million; • Ten percent of the outstanding ordinary shares have been repurchased, including any shares already held by the company.