Shares and share ownership

Ordinary shares in PostNL N.V. (ticker: PNL, ISIN code 0009739416) are listed on Euronext Amsterdam and included in the AscX index as of March 2023. Options on PostNL shares are traded on Euronext Derivatives Amsterdam and on the European Options Exchange in Amsterdam.

PostNL Relative performance PostNL compared to AscX-index
2023

In 2023, 506 million PostNL shares were traded on Euronext Amsterdam (2022: 1,010 million). The average daily number of shares traded was 2.0 million (2022: 3.9 million). The market capitalisation of PostNL was €698 million at the end of 2023 (2022: €829 million).

In 2022, PostNL announced a share buyback programme. The first tranche of the programme was executed in 2022. A second tranche of the programme, scheduled to be executed during 2023, has been delayed.

PostNL’s authorised share capital is divided into 1,500,000,000 shares of €0.08 each and consists of 750,000,000 ordinary shares and 750,000,000 preference shares B. The number of issued and outstanding ordinary shares was 494,207,248 on 31 December 2023 (2022: 487,530,628 shares). During the year, 5,401,910 shares were issued as stock dividend and 1,274,710 shares for the share plan for employees (2022: 25,721,385 shares were cancelled after completion of the first tranche of the share buyback programme, payment of the final dividend 2021, interim dividend 2022, and execution of the company's bonus share plans). All shares in issue are fully paid. No preference shares B were issued and outstanding. See note '4.6 Equity' to the Consolidated financial statements for more information on PostNL’s equity.

Major shareholders

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 holding reaches, exceeds or falls below 3%, 5%, 10%, 15%, 20%, 25%, 30%, 40%, 50%, 60%, 75% and 95%. Such disclosure must be made to the Dutch Financial Markets Authority (AFM) without delay.

Investors also have to disclose net short positions in the company that equal or exceed 0.5% of outstanding shares. At the end of 2023, investors had filed an accumulated net short position of 1.81% in PostNL (2022: 3.7%).

Our substantial shareholders are listed in the table below.

PostNL Overview of substantial shareholders and their ownership (>3%)
31 December 2023

1. Vesa Equity Investment Sarl/EP Investment Sarl

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Shareholder base

The estimated distribution of our shares between retail (19%) and institutional shareholders (81%) is in line with 2022. PostNL has a broad base of international institutional shareholders.

PostNL Institutional shareholders by region
2022, 2023 (in %)