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Nsi: NSI announces commencement of share buyback programme of up to 5% of outstanding shares

· Issued by Nsi NV

Summary by 6ix AI

NSI N.V. started a share buyback programme on October 15, 2026, to repurchase a maximum of 976,045 ordinary shares, 5% of its outstanding shares excluding shares it holds itself, for a maximum total of 20 million euro. First Sponsor Group will sell shares to NSI alongside it to keep its stake at approximately 29.98%.

Key details

  • NSI says the purpose is to reduce the number of outstanding shares. The programme runs until the earliest of March 31, 2027, the purchase of 976,045 shares, or total spending reaching 20 million euro.
  • It is carried out under authority granted by the General Meeting of Shareholders on April 17, 2026, and is executed by an independent financial intermediary that makes trading decisions independently of NSI within the programme's set limits.
  • First Sponsor Group is selling at its own request, to keep its stake at its current level of approximately 29.98% and below 30%, consistent with standstill arrangements in its Relationship Agreement with NSI dated August 16, 2024.
  • On each trading day with market repurchases, NSI will also buy a corresponding number of shares from First Sponsor Group, set by an agreed formula so it sells in the same proportion as the reduction in other shareholders' holdings, at that day's average open-market purchase price.
  • Based on First Sponsor Group's holding at the start, a maximum of 292,626 shares may be repurchased from it. These shares count within, not on top of, the overall maximum of 976,045 shares.

6ix AI wrote this summary from the release below and checked it against the release.

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15 Oct. 2026 Share Buyback

NSI announces commencement of share buyback programme of up to S?z*o of outstanding shares

NSI N.V. ("NSI") announces the commencement of its share buyback programme, pursuant to which NSI intends to repurchase a maximum of 976,045 ordinary shares, representing 5% of its outstanding shares excluding treasury shares, for a maximum aggregate consideration of 20 million euro.

The purpose of the share buyback programme is to reduce the number of outstanding shares.

The share buyback programme will commence on 15 October 2026 and will run until the earlier of 31 March 2027, the acquisition of 976,045 shares or the aggregate consideration reaching 20 million euro. The programme is being carried out pursuant to the authority granted by the General Meeting of Shareholders on 17 April 2026.

The share buyback programme will be executed by an independent financial intermediary, which will make its trading decisions independently of NSI and within

the predetermined parameters of the programme. The programme will be executed x

in accordance with applicable laws and regulations, including Regulation (EU) No 596/2014 on market abuse ("MAR") and Commission Delegated Regulation (EU) 2016/1052. Keep up

NSI will provide regular updates on the progress of the share buyback programme and will publish the required transaction information on the

Share Buyback Programme section of nsi.nl, in accordance with applicable

disclosure requirements.

Participation of First Sponsor Group

In connection with the share buyback programme, First Sponsor Group will, at its own request, proportionally sell part of its current shareholding in NSI in order to maintain its percentage interest at its current level of approximately 29.98% and below 30% of NSI's outstanding shares. This is consistent with the standstill arrangements in paragraph 4 of the Relationship Agreement between NSI and First Sponsor Group dated 16 August 2024, which is available on NSI's corporate website.

On each trading day on which shares are repurchased in the market under the share buyback programme, the independent financial intermediary will also execute the purchase by NSI of a corresponding number of shares from First Sponsor Group.

The number of shares purchased from First Sponsor Group will be determined in accordance with an agreed formula based on the number of shares purchased in the market on that trading day, so that First Sponsor Group sells shares in the same proportion as the reduction in the shares held by all other shareholders

The price per share paid to First Sponsor Group will be equal to the average price per share paid by NSI for the corresponding open-market purchases on that trading day.

Based on First Sponsor Group's shareholding at the commencement of the programme, a maximum of 292,626 shares may be repurchased from First Sponsor Group. Shares repurchased from First Sponsor Group form part of, and do not come in addition to, the overall maximum of 976,045 shares under the share buyback programme.

Transactions with First Sponsor Group will be reported separately in NSI's regular updates on the share buyback programme.

This press release is published by NSI N.V. and contains inside information within the meaning of Article 7(1) of Regulation (EU) No 596/2014 on market abuse.

This press release contains certain forward-looking statements which are based on NSI's current expectations and assumptions and are subject to risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied by such statements. Forward-looking statements speak only X as of the date of this press release. NSI undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law.

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