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PNL — PostNL News Story

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Brief: PostNL Requests Withdrawal Of USO Designation

Sept 5 (Reuters) - PostNL NV PTNL.AS:

REQUESTS WITHDRAWAL OF USO DESIGNATION

URGES THE MINISTRY TO RESPOND WITHIN TWO MONTHS

REQUEST FOLLOW CONTINUED LACK OF SOLUTION TO COVER HIGH COSTS OF THIS PUBLIC SERVICE

CEO SAYS SOLUTION REQUIRES POLITICAL WILL AND DECISIVENESS. AND THAT IS LACKING RIGHT NOW

IS UNREASONABLE TO EXPECT COMMERCIAL COMPANY TO ABSORB SUCH LOSSES WHEN CARRYING OUT MANDATORY PUBLIC SERVICE

DECISION COMES AFTER DUTCH COURT REJECTED POSTNL’S REQUEST FOR AN ADVANCE PAYMENT ON THE SUBSIDY

WILL DETERMINE ITS NEXT STEPS BASED ON THE MINISTER’S DECISION

Source for text: tinyurl.com/6ssuxxyu

Further company coverage: PTNL.AS

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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