NSI N.V. announces take-up of stock dividend
NSI N.V. (Euronext: NSI / NL0012365084) - Regulatory news
Today NSI has paid out the final dividend for 2018. Shareholders representing 33.1% of the share capital have opted to take up 175,435 new shares at an issue price of €39.20 per share, instead of a cash dividend of € 1.12 per share. These new shares rank pari passu with existing shares.
Shareholders who have opted for the stock dividend alternative have been allocated shares for the full amount requested this time. As a result NSI has been able to retain €6.9 million in cash to further invest in the business.
As per today NSI N.V. has 18,749,733 ordinary shares outstanding, with no further shares held in treasury.
NSI N.V. (Euronext: NSI / NL0012365084) is a specialist commercial property investor and the only listed real estate investment trust (REIT) focused on well-located offices in economic growth regions in The Netherlands. The NSI team aims to maximise returns for its shareholders through pro-active management of its investment portfolio, value-add initiatives, and disciplined asset rotation. The portfolio, with a value of over one billion euros, is underpinned by a strong balance sheet, with significant capacity to fund both internal and external growth. By investing in attractive space and a high level of services for its customers, NSI can generate sustainable and growing revenues to support an attractive level of dividends. For more information visit our website: www.nsi.nl.