Nieuwe Steen places 500,000 new shares (NL)

Nieuwe Steen Investments n.v. (NSI) has announced that on March 29, 500,000 new shares will be placed privately for an issue price of € 15,40 (ex dividend 2003). This placement will increase NSI’s private capital with € 7.7 mln.

The shares have been placed with an institutional investor. Petercam supervised the private placement. No prospectus will be published. The new shares form 1.5% of the placed shares. Stock Exchange quotation has been requested for these new shares and they will be fully entitled to dividend for the financial year 2004.

The profit from this private issue is meant for financing of investments in real estate and for the enforcement of the private capital.

Source: NSI

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