New Skies Satellites announced Thursday that its stock has been added to Euronext’s Next 150 equity index. Euronext, the pan-European stock exchange on which New Skies is listed, segments its top listed companies into two indices based on market capitalization and trading activity. The largest 100 companies comprise the Euronext 100 and the subsequent 150 largest comprise the Next 150, the index New Skies has just joined.
“We are delighted that our stock has been included in the Next 150 index, which is considered to be the main barometer of the market for large- and mid-cap equities,” said Andrew Browne, chief financial officer of New Skies Satellites.
“Our addition to this index reflects New Skies’ strong share price performance and liquidity this year and investors’ growing awareness of, and participation in, the company’s shares.”
New Skies has five satellites in orbit, ground facilities around the world and one additional spacecraft under construction. The company also has secured certain rights to make use of additional orbital positions for future growth. New Skies is headquartered in The Hague, the Netherlands.
