NSI N.V. announces take-up of stock dividend
NSI N.V. (Euronext: NSI / NL0012365084) - Regulatory news
Today NSI has paid out the 2019 final dividend of €1.12 per share. Shareholders representing 51.1% of the share capital have opted to take up shares at an issue price of €33.60 per ordinary share in lieu of a cash dividend of € 1.12 per share.
In total 322,352 new ordinary shares have been created from the share premium reserve. As a result, as per today, NSI N.V. has in total 19,240,116 ordinary shares outstanding. There are no shares held in treasury.
Due to the stock dividend alternative NSI has been able to retain €10.8 million in cash to further invest in the business.
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.