PostNL announces sale of part of its stake in TNT Express

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Publish Date : 06 December 2013 09:08 CET -


Amsterdam, The Netherlands

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

TNT Express N.V. (TNT Express) has taken note of the announcement today by PostNL N.V.  (PostNL) that it has priced the sale of part of its stake in TNT Express at an offer price of € 6.20 per share, resulting in gross cash proceeds of € 507 million. The partial disposal consisted of a private placement to institutional investors of TNT Express outstanding shares.

Following completion of the Placement, PostNL’s remaining stake will be approximately 14.8% of TNT Express’ outstanding share capital.

 

These materials may not be published, distributed or transmitted in the United States, Canada, Australia or Japan, or any other jurisdiction in which the distribution or release would be unlawful. These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities (the “Shares”) of TNT Express N.V. (the “Company”) in the United States or any other jurisdiction.

The Shares of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Shares of the Company have not been, and will not be, registered under the Securities Act.

 

About TNT Express

TNT Express is one of the world’s largest express delivery companies. On a daily basis, TNT Express delivers close to one million consignments ranging from documents and parcels to palletised freight. The company operates road and air transportation networks in Europe, the Middle East and Africa, Asia-Pacific and the Americas. TNT Express made € 7.3 billion in revenue in 2012.

 

 

CONTACT INFORMATION

Media

Cyrille Gibot

Phone: +31 88 393 9390

Mobile: +31 651 133 104

Email: cyrille.gibot@tnt.com

   


Investors

Andrew Beh

Phone: +31 88 393 9500

Mobile:  +31 623 703 493

E-mail:  andrew.beh@tnt.com

Michiel van der Harst

Phone: +31 (0)88 393 9500

Mobile: +31 6 2204 2073

Email: michiel.van.der.harst@tnt.com

 

News Source : PostNL announces sale of part of its stake in TNT Express

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