TNT Post Groep NV - Re Purchase of Own Securities
19 Mai 2000 - 2:12PM
UK Regulatory
RNS Number:8663K
TNT Post Groep NV
19 May 2000
TNT Post Group N.V. (TPG) announced today, as stated in its 1999 annual report,
that it will hedge the obligations it has under the TPG Stock Options Plans, by
purchasing shares in the market. The maximum amount of shares to be purchased
is less than 1% of the total number of shares outstanding.
In accordance with the Group's accounting principles, the value of the
repurchased shares will reduce shareholders' equity. The "number of shares
outstanding" used in the calculation of financial ratios will be reduced
accordingly.
TPG with its two brands TNT and Royal PTT Post, is a global provider of mail,
express and logistics services. It employs more than 115,000 people in 60
countries and serves over 200 countries. The company had sales of EUR 8.5
billion in 1999. TPG is publicly listed on the Stock Exchanges of Amsterdam,
New York, London and Frankfurt.
For further information, please contact:
TPG
Debbie de Wagenaar
Director Press Office & PR
Tel: +31 20 500 6171
Mobile: +31 6 53 41 86 25
Debbie.de.wagenaar@tntpost.com
END
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