Special share
From 29 September 2004 to 20 November 2006, the State of the Netherlands reduced its holding in the outstanding share capital of the company step by step from 34.8% to nil.
Until 17 November 2006, the State of the Netherlands held the one special share in the company. It gave the State of the Netherlands the right to approve decisions that would lead to fundamental changes in TNT’s group structure.
On 17 November 2006, the special share was transferred for free to TNT. As per that date, the special control rights attached to this share reverted to the company. The company agreed not to exercise the rights attached to the special share or sell the special share pending conversion of the special share into an ordinary share.
On 20 April 2007 the annual general meeting of shareholders resolved to convert the special share into an ordinary share as part of an amendment to the articles of association. As a result, the special share ceased to exist on 27 April 2007.