The shares of TNT N.V. are listed on Euronext Amsterdam (ticker: TNT) and included in the AEX index, which normally consists of the top 25 companies in the Netherlands, ranked on the basis of their turnover on Euronext Amsterdam and free-float adjusted market capitalisation.
In 2010, 424 million TNT shares were traded on Euronext Amsterdam (2009: 464 million).
Share performance
| 2010 | 2009 | ||
|---|---|---|---|
| Stock price (in €) | |||
| High | 23.49 | 21.50 | |
| Low | 17.62 | 10.57 | |
| Close | 19.75 | 21.50 | |
| Earnings per outstanding share (in € cents) | 92.9 | 76.7 | |
| Dividend (in € cents)1 | 57.0 | 53.0 | |
| Dividend yield (based on closing rate for the year) | 2.89 | 2.47 | |
| P/E Ratio | 21.26 | 28.03 | |
| Number of issued ordinary shares at year end | 376,339,096 | 370,988,519 | |
| Stock market capitalisation (in € millions) | 7,433 | 7,976 | |
| Adjusted stock market capitalisation (in € millions)2 | 7,327 | 7,966 | |
| 1 This includes the pro forma value of the optional stock/cash dividend. 2 Adjusted for shares held at year end by the company for cancellation/coverage of share plans. |
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Relative performance to AEX and peers
Relative performance to AEX and peers:
*Deutsche Post started trading as a publicly-listed company in 2000 and UPS in 1999.
Form of shares
| Year ended 31 December | Number of shares | Percentage of outstanding ordinary shares |
|
|---|---|---|---|
| Bearer shares | 368,663,796 | 97.96% | |
| Non-ADS registered |
1,434 | 0.00% | |
| ADSs1 | 7,673,866 | 2.04% | |
| 1 Held by approximately 32 holders on record. Since some shares are held by brokers and other nominees for their clients, this number may not be representative of the actual number of ordinary shares held by US residents or of the actual number of US resident beneficial holders of ordinary shares. | |||
Share capital and shares
TNT’s authorised share capital is divided into 1,600,000,000 shares of €0.48 each and consists of 800,000,000 ordinary shares and 800,000,000 preference shares B.
In the second quarter of 2010, TNT paid a final 2009 dividend of €64 million in cash and issued 2,900,567 ordinary shares as a stock dividend related to 2009. In the third quarter of 2010, TNT paid a 2010 interim dividend of €55 million in cash and issued 2,450,010 shares as stock dividend. As a result, the number of issued and outstanding ordinary shares increased from 370,988,519 on 31 December 2009 to 376,339,096 as of 31 December 2010. No preference shares B were issued or outstanding. For more information on TNT’s equity, see note 10 to the consolidated financial statements of TNT N.V.
A second interim dividend for 2010 of €0.29 per share, to be paid in shares and/or cash at the choice of the shareholder, will be payable as from 11 March 2011. A final 2010 dividend of €0.00 per share will be proposed to shareholders at the Annual General Meeting of Shareholders to be held on 25 May 2011.
Major shareholders
The majority of TNT’s ordinary shares are in bearer form, so the analyses of shareholdings by region and investor type are best estimates based on the limited information available to TNT through various market sources. Estimates as of 31 December 2010, and shown as a percentage of total shares outstanding (excluding shares held by the company) on that date, are:
Shareholders by sector
| Shareholders by sector | |
|---|---|
| Institutional/Other | 92% |
| Retail investors | 8% |
Source: Thomson Reuters
Shareholders by country
Relative performance to AEX and peers: Shareholders by country
| Shareholders by country | |
|---|---|
| United Kingdom | 24% |
| Netherlands | 8% |
| Other Europe | 18% |
| North America | 46% |
| Other | 4% |
Pursuant to the Financial Markets Supervision Act (Wet op het financieel toezicht), shareholders must disclose percentage holdings in the capital and/or voting rights in the company when such holdings reach, exceed or fall below 5%, 10%, 15%, 20%, 25%, 30%, 40%, 50%, 60%, 75% and 95%. Such disclosure must be made to the Netherlands Authority for the Financial Markets (AFM) without delay. The company is notified by the AFM.
Overview of notifications in 2010
| Date of notification | Company | (Indirect) holding | Holding of (indirect) voting rights |
||
|---|---|---|---|---|---|
| 13 January | BlackRock Inc. | 0.00% | 4.98% | ||
| 9 April | Barclays Plc. | 5.99% | 5.99% | ||
| 15 April | Barclays Plc. | 0.40% | |||
| 23 September | Massachusetts Financial Services Company | 1.70% | 4.63% |