TPG completes repurchase 20.7 million shares from the State of The Netherlands
Mail, express and logistics company TPG N.V. announces the completion of the repurchase of 20,7 million ordinary shares by TPG from the State of The Netherlands as announced 29 September 2004. Today the payment and transfer of the second and last tranche of 13.1 million shares took place according to plan for a price of EUR 19.74 per share. The purchase has been made using operational cash flows.
TPG intends to cancel the 20.7 million shares repurchased following the Annual General Meeting of Shareholders on 7 April 2005.
As a result of the sale of share to TPG as well as the private placement of 57 million ordinary shares on 29 September 2004 by the State – in total representing approximately 16 percent of the outstanding share capital – the holding of the State in TPG is now reduced to approximately 19 percent.
TPG N.V., with its two brands TNT and Royal TPG Post, is a global provider of mail, express and logistics services. The group employs around 160,000 people in 64 countries and serves over 200 countries. For 2003 the company reported sales of ? 11.9 billion. TPG N.V. is publicly listed on the stock exchanges of Amsterdam, New York, London and Frankfurt.
Note to editors (not for publication):
For further information, please contact:
Tanno Massar
TPG Media Relations
Tel.: +31 20 500 6171
Mobile: +31 6 205 43241
E-mail: [email protected]
Mike Richardson
Director Investor Relations
Tel: +31 20 500 6241
E-mail: [email protected]
