Brief: NSI confirms it will pay final dividend of EUR 1.12 per share

NSI NV

19/03/2020 06:25

March 19 (Reuters) - NSI NV  NSTEc.AS :
    * BUSINESS UPDATE FOLLOWING THE CORONA OUTBREAK
    * NSI HAS ALSO AGREED TO ISSUE A NEW EUR 40 MILLION 10-YEAR
NOTE
NEXT WEEK TO A NEW US INSTITUTIONAL INVESTOR AT A MARGIN IN LINE
WITH EARLIER ISSUES
    * WE WILL PAY EARLIER COMMUNICATED FINAL DIVIDEND OF EUR
1.12 PER
SHARE
    * LIQUIDITY POSITION AT END OF MARCH WILL BE EVEN BETTER IN
COMPARISON WITH END OF 2019, WITH CIRCA EUR 280 MILLION OF CASH
AND COMMITTED UNDRAWN CREDIT LINES AVAILABLE FOR BUSINESS
    * THIS WILL EXTEND AVERAGE MATURITY OF OUR DEBT, LOWER
AVERAGE
COST OF DEBT AND DIVERSIFY MATURITY PROFILE AND INVESTOR BASE
    * TOTAL OF APPROXIMATELY €700K (ANNUAL CONTRACTED RENT) OF
NEW
LEASES HAS ALREADY BEEN SIGNED THAT WILL START LATER IN THE YEAR
    * NEW LEASES NOT YET INCLUDED IN THE VACANCY RATE
    * NET EFFECT OF ABOVE ACQUISITION, DISPOSAL OF ALL THREE
ASSETS
HELD-FOR-SALE (AS PER YEAR-END) DURING CURRENT QUARTER AND Q1
EARNINGS WILL RESULT IN COMFORTABLE LTV OF CIRCA 28% AT
END-MARCH

Source text for Eikon:  ID:nNDL50rkDx 
Further company coverage:  NSTEc.AS 

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