Capital Distribution of -Euro- 6 Per Nedlloyd Share.Business Editors ROTTERDAM, The Netherlands--(BUSINESS WIRE)--May 11, 2000 Royal Nedlloyd (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :RNLGY), an international leader in logistics services, today announced the approval of the proposed capital distribution. Yesterday the Annual General Meeting of Shareholders of Royal Nedlloyd approved the proposed changes to the Articles of Association. The approval implies, among other things, that shareholders will be repaid an amount of (Euro) 6 per share. Expectations are that this repayment will be effectuated on June 23, 2000, so after the expiration of the set term of objection for accounts payable. Details as for the exact time and the manner of repayment will be published by means of an advertisement in a number of daily newspapers. Royal Nedlloyd is an international leader in logistic services. Nedlloyd's shares are listed on the Amsterdam and Frankfurt Stock Exchanges Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. and are traded in ADR ADR - Astra Digital Radio form in the US (symbol RNLGY in the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTC Market; each ADR is equal to one-half of an ordinary share). Nedlloyd ordinary shares may be accessed on Bloomberg under the symbol NLYN NA, on Quotron under NEDLN.EU and the Reuter Equities 2000 System under NYLN NYLN National Youth Leadership Network (Pierre, SD) .AS. Additional information is also available on Nedlloyd's home page: http://www.nedlloyd.com. |
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