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.