TomTom's shareholders vote in favour of the sale of the Telematics business and the capital repayment

Amsterdam, The Netherlands, 18 March 2019 - Location technology specialist TomTom (TOM2) announced that the Extraordinary General Meeting held today, voted in favour on all voting items.

Shareholders approved the sale of TomTom Telematics to Bridgestone Europe NV/SA and the distribution of the majority of the net proceeds of the transaction to its shareholders through a capital repayment in combination with a share consolidation. The adopted resolutions, with detailed voting results, can be found on our corporate website.

About TomTom:

TomTom is the leading independent location technology specialist, shaping mobility with highly accurate maps, navigation software, real-time traffic information and services. To achieve our vision of a safer world, free of congestion and emissions, we create innovative technologies that keep the world moving. By combining our extensive experience with leading business and technology partners, we power connected vehicles, smart mobility and, ultimately, autonomous driving.

Headquartered in Amsterdam with offices in 30 countries, TomTom's technologies are trusted by hundreds of millions of people worldwide.

Last updated: Apr 7, 2020 at 12:12 pm CDT