Koninklijke Kpn N V - Report of Foreign Issuer (6-K)
January 03 2008 - 5:11AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For December 20 through December 24, 2007
KONINKLIJKE KPN N.V.
Maanplein 55
2516 CK The Hague
The Netherlands
(Exact
name of registrant and address of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.
Form 20-F
x
Form 40-F
o
Indicate
by check mark whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes
o
No
x
If
Yes is marked, indicate below the file under assigned to the registrant in
connection with Rule 12g3-2(b):
This
Report on Form 6-K contains a copy of the following press releases:
·
KPN and unions negotiate agreement, dated December 20, 2007;
·
KPN to sell first part of real estate portfolio, dated December 20,
2007;
·
KPN sells Getronics Spain and Portugal to Tecnocom, dated December 20,
2007;
·
Completion of EUR 500 mn share repurchase program KPN, dated December 24,
2007.
|
Press release
|
|
|
KPN and unions negotiate
agreement
|
Date
|
|
20
December 2007
|
|
|
|
Number
|
|
088pe
|
KPN
and the unions have reached an understanding about the new collective
bargaining agreement to cover the next two years.
The
new collective bargaining agreement covers undertakings for salary increases
that vary by employee category. With the structural increase capped at 2.5%,
there is also a variable remuneration component that, for most employees making
target, comes out at 4.25% in 2008 and 5% in 2009.
The new agreement distinguishes between Sales, IT,
Retail, Operations and others.
There is also an annual deployment facility allowance
worth EUR 1,000 for each employee.
In
2009 a new element will be added to the overall agreement: the collective bargaining
allowance. This allowance amounts to 14.8% of the annual salary and may be
spent as desired.
Existing
allowances such as holiday money and that for the
levensloop
,
the Dutch life course savings scheme, will be amongst those transferred to the
collective bargaining allowance.
The
unions will put the result of the negotiations to their members at the
beginning of next year.
|
Press release
|
|
|
KPN to sell first part of real estate
portfolio
|
Date
|
|
20 December 2007
|
|
|
|
Number
|
|
089pe
|
KPN
envisages to sell part of its real estate portfolio during the first half of
2008. The real estate portfolio consists of local exchanges and other technical
assets which become redundant after migration to the new All IP infrastructure.
The
34 assets of the first tranche are located throughout The Netherlands. These
buildings are located mainly in the city center region and offer significant
redevelopment opportunities.
KPN
mandated Deutsche Bank Londen as its advisor in the sales process.
The
remaining KPN assets which will become redundant are envisaged to be sold
during 2009 and 2010.
|
Press release
|
|
|
KPN sells Getronics Spain and Portugal to
Tecnocom
|
Date
|
|
20 December 2007
|
|
|
|
Number
|
|
090pe
|
KPN announces
that Getronics has today executed the final documentation in relation to the
sale of the Getronics activities in Spain and Portugal to Tecnocom, a listed
Spanish ICT services company. This
completes the transaction announced by Getronics on 15 June 2007 and will
allow Getronics and Tecnocom to create a partnership in the Iberian peninsula.
Tecnocom acquires Getronics operations in Spain and Portugal for an enterprise
value of EUR 87.5 million, taking into account an earn-out component. The total
consideration has been paid for 60% in cash at closing and the other 40% will
be deferred for approximately 9 months, and could either be paid in cash or
Tecnocom shares. If the deferred payment is made in shares, Getronics will
potentially obtain an equity stake of more than 10% in Tecnocom and will also
get a seat in the Board of Tecnocom.
The
combination will create a strong player in the Iberian market and leverages the
extensive application services capabilities and resources of Getronics Iberian
operations, as well as its capabilities in workspace management services. The
combination will become the third largest ICT services provider in the Iberian
market, with a leading position in the Iberian Financial Services sector. This
is the first completion of a major disposal of a non core Getronics asset,
following the acquisition of Getronics by KPN.
|
Press release
|
|
|
Completion of EUR 500 mn share repurchase
program KPN
|
Date
|
|
24 December 2007
|
|
|
|
Number
|
|
091pe
|
Further to the
share repurchase program announced on 3 September 2007, KPN announces
that, during the week of 17 December to 21 December 2007, it has
repurchased 2,619,700 KPN ordinary shares at an average price of EUR 12.10. To
date, the repurchase program has been completed. The repurchase program that
started on 3 September 2007 has been completed on 20 December 2007.
The cancellation of the shares, repurchased during this share repurchase
program, is scheduled for the first quarter of 2008. In 2007, a total of 126
million KPN shares has been repurchased at an average price of EUR 11.94.
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized.
|
KONINKLIJKE KPN N.V.
|
|
|
Dated: January 3, 2008
|
By:
|
/s/ MICHEL
HOEKSTRA
|
|
|
|
Michel Hoekstra
|
|
|
Legal
Counsel
|
Royal Kpn (NYSE:KPN)
Historical Stock Chart
From May 2024 to Jun 2024
Royal Kpn (NYSE:KPN)
Historical Stock Chart
From Jun 2023 to Jun 2024