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Euronext Amsterdam: E/S Norden A/S Will Be Deleted From The EPRA Indices

Date 20/02/2001

The shareholders of EjendomsSelskabet Norden A/S accepted the takeover bid of Norden Invest. Norden Invest currenly controls 95,1% of the shares outstanding and will be delisted very soon after 8 March. EjendomsSelskabet Norden A/S will be deleted from the relevant indices with effect from Monday 26 February 2001, in accordance with rule 5.3.3. of the index ground rules.

In accordance with the Rules for the EPRA Index the security will not be replaced in the relevant indices until upcoming Review, which will be effective from the 1st business day in April.

The European Public Real Estate Association in conjunction with Euronext Indices BV calculates and publishes the EPRA Index. Euronext Indices BV announces on a quarterly basis the outcome of the periodic review of the index. Euronext Indices BV calculates the index every 15 seconds making the EPRA Index Europe's first real time index focused on the European real estate sector.

The European Public Real Estate Association exists to promote and develop the European quoted real estate sector. Some of the ways in which the association seeks to achieve this objective are:

  • the establishment of an active forum;
  • the promotion of common standards of "best practice" across the industry-liaison with government and regulators;
  • the establishment of the information function.
The EPRA Index is maintained under the guidance of ground rules approved by the European Public Real Estate Association (EPRA) and is calculated on a real time basis by Euronext Indices BV. For more details about the EPRA Index series visit EPRA.com.
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