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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STOCKHOLM, April 29, 2024 /PRNewswire/ — Between 23 April 2024 and 26 April 2024 EQT AB (LEI code 213800U7P9GOIRKCTB34) (“EQT”) has repurchased 398,534 own ordinary shares (ISIN: SE0012853455)

The repurchases form part of the repurchase program of a maximum of 2,154,000 own ordinary shares for a total maximum amount of SEK 1,000,000,000 that EQT announced on 22 April 2024. The repurchase program, which runs between 23 April 2024 and 24 May 2024, is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) No 2016/1052.

EQT ordinary shares have been repurchased as follows:

All acquisitions have been carried out on Nasdaq Stockholm by Skandinaviska Enskilda Banken AB on behalf of EQT.

Following the above acquisitions and as of 26 April 2024, the number of shares in EQT, including EQT’s holding of own shares is set out in the table below.

1) Carry one tenth (1/10) of a vote.
2) EQT AB shares owned by EQT AB are not entitled to dividends or carry votes at shareholders’ meetings.

A full breakdown of the transactions is attached to this announcement.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15 
EQT Press Office, [email protected], +46 8 506 55 334

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^{*Net profit attributable to shareholders}

Estithmar Holding Q.P.S.C. discloses its financial results as follows:

• Total revenue of QAR 796.6 million with a 3.9% increase from Q1 2023
• Total gross profit of QAR 195.7 million with a 14.9% increase from Q1 2023
• Net profit including minority rights of QAR 112.5 million with a 9.8% increase from Q1 2023
• Net profit attributable to shareholders of QAR 111.7 million with a 10.4% increase from Q1 2023

DOHA, Qatar, April 29, 2024 /PRNewswire/ — Estithmar Holding announced its financial results for the first quarter; for the period ended 31 March 2024, with total revenues of QAR 796.6 million marking a 3.9% increase over the same period last year, and net profit attributable to shareholders of QAR 111.7 million marking a 10.4% increase over the same period in 2023.

On this occasion, Eng. Mohammed Bin Bader Al-Sadah, Group CEO of Estithmar Holding commented: “The financial results of the first quarter reflect Estithmar Holding’s ongoing commitment to its overarching plan which emphasizes development and growth, especially that all our four sectors have played a pivotal role in driving revenue growth, with a particular and strong contribution from the healthcare sector.

“We are now reaping the rewards of our investments and endeavors in this promising sector, notably through The View Hospital in collaboration with Cedars Sinai, where this partnership has yielded numerous successes and achievements at both local and regional levels, drawing a significant influx of visitors. Furthermore, our emphasis on enhancing the international visiting doctors’ program, featuring medical experts from prominent countries, has further distinguished us. The View hospital has successfully facilitated and operated several groundbreaking medical procedures, marking a milestone in the region’s healthcare landscape.

“Estithmar Holding continues to expand regionally in this vital and pivotal sector, which is a key pillar for fostering excellence and growth, especially after the success of the company’s model, in securing impactful agreements and through exceptional global partnerships.

Furthermore, we are totally committed to executing our business strategy that emphasizes diversification of our revenue streams while expanding both locally and regionally across all sectors. This approach ensures sustainable growth and enhances value for shareholders.”

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