TNT Express, a leading provider of business-to-business express delivery services, today celebrates its listing on the Amsterdam market of NYSE Euronext as well as its inclusion in the AEX®. The listing of TNT Express is part of the demerger of the Express Business from TNT. As a result of the demerger, TNT will continue the Mail Business and will be renamed PostNL. Both companies are included in the AEX.
TNT Express is one of the world's leading providers of business-to-business express delivery services. Headquartered in the Netherlands, TNT Express offers efficient network infrastructures in Europe and Asia and provides on-demand time-definite and day-certain door-to-door delivery services for documents, parcels and freight between more than 200 countries.
TNT Express (ticker symbol TNTE) was admitted to NYSE Euronext in Amsterdam on a “As If and When issued” (AIW) basis today. After opening, the first market price was € 8.90 per share. Based on the total number of 542,033,181 shares the total market capitalization of the company at opening was €4.8 billion. Trading in shares PostNL continues under the ticker symbol PNL.
The settlement date of the new shares is 31 May 2011. Trading takes place in the NYSE Euronext Single Order Book. NYSE Liffe, NYSE Euronext’s European derivatives businesses, will list options on TNT Express and PostNL shares on its Amsterdam market on the same day.
“We are delighted to welcome TNT Express on our Amsterdam market”, said Cees Vermaas, CEO of NYSE Euronext in Amsterdam. “We are committed to contribute to their further growth and expansion plans.”
Ronald Kent, Group Executive Vice President and Head of International Listings at NYSE Euronext, added: “We look forward to a continuous strong partnership, providing the companies and its shareholders with the best level of market quality, services and global brand visibility.”
Marie-Christine Lombard, CEO of TNT Express, added: “This is a great moment for TNT Express and all our employees worldwide. As a strong, now independently listed company, we are optimally positioned to secure profitable growth both in our core European business and emerging markets.”
To mark today’s special occasion, Marie-Christine Lombard, CEO TNT Express, sounded the gong which denotes the opening of NYSE Euronext’s European market, joined by TNT Express employees and Cees Vermaas, CEO NYSE Euronext Amsterdam.