Protection
Stichting Bescherming TNT (Foundation Protection TNT, or Foundation) was formed to care for TNT's interests, the enterprises connected with TNT and all interested parties, such as shareholders and employees, by, among other things, preventing as much as possible influences which would threaten TNT's continuity, independence and identity contrary to such interests. The Foundation is an independent legal entity and is not owned or controlled by any other legal person.
Pursuant to TNT's Articles of Association, protective preference shares B may be issued to serve these interests. The preference shares B have a nominal value of €0.48 and have the same voting rights as TNT's ordinary shares. There are currently no preference shares B issued, although the Foundation has a call option to acquire a number of preference shares B under certain circumstances.
The independent members of the board of the Foundation are:
- R. Pieterse (Chairman)
- W.P. van Vonno (Vice-Chairman)
- J.H.M. Lindenbergh
- M. Nieuwe Weme
The Foundation is an independent entity in the sense referred to in section 5:71 paragraph 1 sub c of the Netherlands Financial Markets Supervision Act (Wet op het financieel toezicht).