TNT announces start of last tranche under its EUR 500 million share buyback programme
TNT announced the start of its third and last tranche under the EUR 500 million share buyback programme on 29 April 2008. This last tranche amounts up to EUR 200 million.
TNT announced the EUR 500 million share buyback program on 30 July 2007: on 4 January the first tranche of EUR 200 million and on 15 February the second tranche of EUR 100 million were completed.
TNT’s issued share capital currently consists of 379,224,255 ordinary shares. This number still includes the 11,034,904 shares repurchased as part of the above-mentioned tranches. These shares are cancelled following the decision of TNT’s AGM on 11 April 2008 once all necessary formalities have been fulfilled. TNT intends to cancel the shares to be acquired under this last tranche taking into account applicable regulations as stipulated by law and the articles of association.
TNT announced the start of its third and last tranche under the EUR 500 million share buyback program on 29 April 2008. This last tranche amounts up to EUR 200 million.
TNT announced the EUR 500 million share buyback program on 30 July 2007: on 4 January the first tranche of EUR 200 million and on 15 February the second tranche of EUR 100 million were completed.
TNT’s issued share capital currently consists of 379,224,255 ordinary shares. This number still includes the 11,034,904 shares repurchased as part of the above-mentioned tranches. These shares are cancelled following the decision of TNT’s AGM on 11 April 2008 once all necessary formalities have been fulfilled. TNT intends to cancel the shares to be acquired under this last tranche taking into account applicable regulations as stipulated by law and the articles of association.
