Share buyback programme
On 25 January 2022, PostNL announced a share buyback programme with a value of maximum € 250 million. The first tranche of the programme commenced on 1 March 2022 and was completed on 25 May 2022.
The company has repurchased the maximum number of 51 million ordinary shares as announced per the start of the first tranche of the share buyback programme on 1 March 2022 for a total consideration of €159.2 million. The average price per share amounted to €3.12.
The first tranche is part of PostNL’s share buyback programme that has a total value of maximum €250 million. The remainder value of the programme is €90.8 million and will be executed in 2023.
PostNL intends to use any repurchased shares under the programme to cover its obligations under share-based remuneration arrangements and to deliver future dividend that may be partly paid in stock, at the choice of the shareholder. The remaining number of the repurchased shares will be cancelled.
PostNL has engaged BofA Securities Europe SA to execute the share buyback programme on its behalf and to make trading decisions independently of PostNL.
PostNL will provide weekly updates on the progress of the programme via press releases and reports in this section of the website.
220525 Weekly Trading Overview PostNL
*The second tranche of the programme, scheduled to be executed during 2023, will be delayed until further recovery of business performance and in accordance with PostNL’s capital allocation framework. Please also refer to the press release