26 May 2011 at 08:00 CET – Amsterdam – TNT Express, one of the world’s largest express delivery companies, will start trading today on NYSE Euronext Amsterdam. The company will trade under the symbol “TNTE” and will be included in the AEX Index.26 May 2011 at 8:00 AM CET – Amsterdam – TNT Express, one of the world’s largest express delivery companies, will start trading today on NYSE Euronext Amsterdam. The company will trade under the symbol “TNTE” and will be included in the AEX Index.
The listing of TNT Express is part of the company’s de-merger from TNT NV, which received shareholder approval yesterday at TNT NV’s Extraordinary General Meeting of Shareholders (EGM).
To commemorate today’s first listing, at 09.00 CET, Marie-Christine Lombard, CEO of TNT Express, will sound the gong that signals the opening of NYSE Euronext’s Amsterdam market, joined by Bernard Bot, CFO, as well as company drivers and cabin crew of TNT’s airfleet.
Speaking in advance, Marie-Christine Lombard said: “This is a great moment for all TNT Express employees and for me personally. TNT Express has extremely strong fundamentals and an exciting future ahead. We have a strong and experienced management team that is focused on realising value for shareholders and delivering on our targets.”
She continued: “Our new independence will allow us to build a stronger, more focused TNT Express. We are aiming to consolidate our leading positions – particularly in the European express market and on Asia-Europe lanes – while also capturing domestic growth opportunities in selected emerging markets. I would like to thank our customers, investors and employees, all of whom make this possible.”
TNT Express shares will start trading today on an “as if and when issued” basis. The settlement of the new shares will take place on 31 May 2011. This is also the first day of irrevocable trading of the shares. Trading in shares of PostNL NV, the Mail Business of TNT NV, will go on under the ticker symbol PNL.
TNT Express is an international transportation company that moves 4.7 million parcels, documents, and pieces of freight every week to more than 200 countries. TNT Express operates air and road transportation networks in Europe, China, South America, the Asia-Pacific and the Middle East. The company employs 83,000 people and runs a fleet of about 30,000 road vehicles and 50 aircraft. It has more than 2,600 depots and sorting centres. TNT Express made €7.053 billion in revenue in 2010.