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PostNL N.V.

PostNL N.V.

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Publicatie datum 06 dec 2007 - 13:53
Statutaire naam PostNL N.V.
Titel TNT update on "Focus on Networks" strategy
Bericht UK tax matters settled • Dividend pay-out up to 40% by 2010 Next tranche share buyback of €100 million announced Amsterdam, 6 December 2007 – During its annual meeting with analysts, today in London, TNT will make two announcements. Firstly, a full closure has been brought to all tax investigations dating back from the 2004 announcements, with the settlement of all UK tax matters, with no additional liabilities beyond what we have accrued for. The €100-250 million contingent liability is no longer required, which significantly improves the risk profile of the Group. Secondly, TNT gives an update on its ‘Focus on Networks’ strategy initiated on 6 December 2005. TNT successfully completed the first phase of the implementation, which focused on transforming the Group’s foundations, and now starts a second phase named ‘’Grow and Build Value’’, covering the period 2008-2012.