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Share Name | Share Symbol | Market | Type |
---|---|---|---|
The Platform Group AG | TG:TPG | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.06 | 0.82% | 7.36 | 7.22 | 7.50 | 7.48 | 7.40 | 7.40 | 265 | 22:50:04 |
RNS Number:5192U TPG N.V. 22 January 2004 Press release ------------ Corporate Head Office Date 22 January 2004 TPG CONFIDENT WITH CLEAR ROUTE TOWARDS LIBERALISATION IN MINISTER OF ECONOMIC AFFAIRS POSTAL VISION Price freeze extension to 2007 disappointing Minister Brinkhorst of Economic Affairs has today released his vision on the postal market in the Netherlands. The key elements of the postal vision are: * Full liberalisation of the postal market in 2007 (conditional upon full market liberalisation in the UK and Germany) * Price freeze until 1 January 2007 on the mandatory postal services previously subject to price control * From 2007, a Universal Service will be subject to a price cap system based on inflation or consumer price index * Universal Service Obligation after liberalisation restricted to single items at fixed rates; obligation to deliver bulk mail letters up to 50 grams for a transitional period * Competitors and customers to be treated equally in terms of rates and conditions TPG recognises that the postal vision provides clarity on the most important aspects of postal regulation and gives a long-term framework for the development of the postal market in the Netherlands. In particular, TPG is pleased with the policy regarding liberalisation as this properly addresses the pace of liberalisation in Europe and specifically in the UK and Germany, where liberalisation is also scheduled to take place in 2007. However, the imposition of a price freeze until 2007 is disappointing. CEO Peter Bakker: "A price freeze for the next three years is unnecessary. There is no reason whatsoever to revise the price control system which worked well in the past and led to extremely low postal rates for the consumer as a result of consistent sound entrepreneurship, innovation and efficiency. Over a period of twelve years, corrected for inflation, the price of a postage stamp has decreased by 30%." On the other main aspects of the postal vision TPG is broadly in agreement. TPG agrees that a basic service level and quality should be guaranteed for customers in a liberalised market via a Universal Service Obligation. Also TPG understands that competitors and customers should be treated alike when it comes to rates and conditions. TPG will provide the Ministry with its detailed comments and suggestions regarding the postal vision document. It is expected that the Government's postal vision will be sent to Parliament by the end of February 2004. Notes to the editor: TPG N.V., with its two brands TNT and Royal TPG Post, is a global provider of mail, express and logistics services. The group employs over 161,000 people in 62 countries and serves over 200 countries. For 2002 the company reported sales of Euro 11.7 billion, an increase of 5% over the previous year. In the first half of 2003 sales have grown by 1%. TPG N.V. is publicly listed on the stock exchanges of Amsterdam, New York, London and Frankfurt. For further information, please contact (not for publication): Tanno Massar, Director TPG Media Relations Tel: + 31 20 500 6171 Mobile: +31 6 205 432 41 E-mail: Tanno.Massar@tpg.com This information is provided by RNS The company news service from the London Stock Exchange END STRBLLFLZFBXBBK
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