NN Group N.V. will be included in the Euronext AEX Index effective as of the start of trading on the European markets on 23 March 2015. This was announced by Euronext today, following its annual review, based on free-float adjusted market capitalisation and liquidity.
Lard Friese, CEO NN Group: “The inclusion of NN Group in the AEX index represents another important milestone for our company and will increase our visibility in the market. Going forward, we will continue to keep a sharp eye on our strategic direction, and a clear focus on executing our strategy to achieve our objectives of generating capital and improving earnings, while delivering excellent service and products to our customers.”
NN Group was listed on Euronext Amsterdam on 2 July 2014. The company was included in the MSCI Global Standard Index as of 26 November 2014. Furthermore NN Group was included in the STOXX Europe 600 index, the FTSEurofirst 300 Index and the AMX index from 22 December 2014. On 17 February 2015 ING Group further reduced its stake in NN Group from 68.1% to 54.6%, which has led to an increased free-float of the NN Group share.
The AEX is a free-float market capitalisation weighted index that reflects the performance of the 25 largest shares listed on Euronext Amsterdam, and is the most widely used indicator of the Dutch stock market. The index serves as a basis for structured products, funds, exchange traded funds, options and futures.
Euronext is the primary exchange in the Euro zone with over 1,300 issuers worth EUR 2.6 trillion in market capitalisation, an unmatched blue chip franchise consisting of 20+ issuers in the EURO STOXX 50® benchmark and a strong diverse domestic and international client base.