AMSTERDAM, April 29,
2024 /PRNewswire/ -- New Amsterdam Invest N.V.
(the "Company", or "New Amsterdam Invest", or "NAI"), a
commercial real estate company listed on Euronext Amsterdam,
announces a slight delay in reporting its annual results 2023,
today.
Due to circumstances, the preparation and finalization of the
audit of the annual report 2023 has been slightly delayed. As we
consider delivering a high-quality completion of this process of
the utmost importance, we decided to delay publication of the
audited annual report 2023 to publication of the AGM agenda on DV.
8 May 2024.
Strategic Highlights 2023
- On 2 June 2023, all Company's
shareholders approved the proposed Somerset Group Business
Combination, changing New Amsterdam Invest from a Special Purpose
Acquisition Company ("SPAC") into a commercial real estate company
listed on Euronext Amsterdam.
- On 2 June 2023 NAI acquired four properties in the UK and
one in the USA via different
subsidiaries.
- In line with its strategy NAI acquired another investment
property in the UK via one of its subsidiaries, on 26 September 2023.
Outline 2023 results
Net Rental Income for full year 2023 is consistent with outlook
as provided at Half Year 2023 and the Net Result from Operations
over 2023 is positive in accordance with written expectations.
Given accounting requirements, one-off costs (in connection with
the transition from SPAC to operational company) and (non-cash)
revaluations of investment property were required, resulting in a
2023 net loss.
Outlook 2024
For 2024 NAI expects to be profitable and well on track to
realize the financial objectives the Company has set out at
listing. More specific NAI reiterates that its current portfolio
should enable it to realize a 2024 net rental income of
approximately € 6.6 million and a result before tax of € 2.6
million, excluding potential impact of revaluation of investment
property and or the acquisition of new investment property.
Annual General Meeting scheduled for 21 June 2024 DV
The agenda for the 21 June 2024 DV
AGM will be published on 8 May 2024
DV.
Financial Calendar
- 8 May 2024, Publication Agenda
General Meeting of Shareholders 21 June
2024 and Annual Report 2023
- 21 June 2024, General Meeting of
Shareholders
- 29 August 2024, half year 2024
results publication
About New Amsterdam Invest
New Amsterdam Invest N.V. is a commercial real estate company
listed at Euronext Amsterdam with operating companies in
the United States and the
United Kingdom.
The main objective of New Amsterdam Invest is running commercial
activities including the owning, (re-)developing, acquiring,
divesting, maintaining, letting out and/or otherwise operating
commercial real estate, all in the broadest possible meaning.
All information about New Amsterdam Invest, including its
principles and objectives can be found in the Shareholder Circular
dated April 21, 2023, and the
prospectus dated June 21, 2021. This
and all other relevant documentation can be found on the company
website: www.newamsterdaminvest.com
Not for publication
Disclaimer
Elements of this press release contain or
may contain information about New Amsterdam Invest N.V. within the
meaning of Article 7(1) to (4) of the EU Market Abuse
Regulation.
This press release may include statements, including NAI's
financial and operational medium-term objectives that are, or may
be deemed to be, ''forward-looking statements''. These
forward-looking statements may be identified by the use of
forward-looking terminology, including the terms ''believes'',
''estimates'', ''plans'', ''projects'', ''anticipates'',
''expects'', ''intends'', ''may'', ''will'' or ''should'' or, in
each case, their negative or other variations or comparable
terminology, or by discussions of strategy, plans, objectives,
goals, future events or intentions. Forward-looking statements may
and often do differ materially from actual results. Any
forward-looking statements reflect NAI's current view with respect
to future events and are subject to risks relating to future events
and other risks, uncertainties and assumptions relating to NAI's
business, results of operations, financial position, liquidity,
prospects, growth or strategies. Forward-looking statements speak
only as of the date they are made.
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