For the first time in its existence, NSI N.V. is to be included in the Amsterdam Mid Cap Index (AMX). This is based on the increased turnover in shares NSI, which is a result of the completed merger with VastNed Offices/Industrial in October 2011.
It is expected that the inclusion in the Mid Cap Index will further increase NSI’s share turnover and liquidity, partly because the stock now becomes interesting for institutional investors who only trade in funds that are included in the NYSE Euronext AMX or the AEX-index.
Over the past years NSI has developed into one of the largest listed real estate companies with a mixed offices/stores portfolio in the Dutch and Belgian market. NSI’s portfolio includes high-quality buildings on appealing locations in the Randstad and other local areas of growth. NSI has a sophisticated rental strategy and working method which has demonstrated to be effective in a difficult Dutch office market.
The financial year 2011 reported a net result of €62.7 million and a direct investment result of €56.0 million, resulting in €1.19 per average outstanding share, which is equal to the proposed 2011 dividend.
Johan Buijs, CEO of NSI: “NSI has been listed on Euronext Amsterdam for 14 years and we are now among the top 50 companies represented in an index. The inclusion in the Mid Cap Index improves our investment profile and visibility in the financial markets.
“Furthermore, it perfectly fits our aim to improve access to capital and the focus on having well-spread financing sources. Taking into account the current economic climate, a good funding strategy, to enable our corporate strategy and growth ambitions, has become more important. Inclusion in the Mid Cap Index further optimizes our position to do this.”
We will do our utmost to create an appealing investment case for our investors. Besides reporting good results, we focus on creating shareholder value, by among others offering attractive and high dividend yields. Additionally we will pursue an active investor relations policy, bringing our shares to the attention of investors.”
NSI will be included in the AMX of NSYE Euronext as of March 19, 2012.