BlackRock Greater Europe Investment Trust Plc - Tender Offer
21 Marzo 2024 - 2:42PM
UK Regulatory
BlackRock Greater Europe Investment Trust
Plc - Tender Offer
PR Newswire
LONDON, United Kingdom, March 21
Not
for release, publication or distribution in or into the United States, Canada, Australia or Japan
BLACKROCK
GREATER EUROPE INVESTMENT TRUST
plc
LEI
- 5493003R8FJ6I76ZUW55
Tender
Offer
The
Board of BlackRock Greater Europe Investment Trust plc (the
Company) announces that it has decided not to implement a
semi-annual tender offer in May
2024.
Over the
six months to 29 February 2024, the
average discount to net asset value (cum income) (NAV) was 6.3%.
However, as the discount to NAV on a cum income basis (diluted for
treasury shares) as at close of business on 20 March 2024 was 5.3% and the Company was
trading at the narrowest discount within its peer group, the Board
has concluded that it is not in the interests of shareholders as a
whole to implement a semi-annual tender offer in May 2024.
The
Board will continue to monitor the Company’s discount to NAV and
will look to buy back shares and/or operate six monthly tender
offers if it is deemed to be in the interests of shareholders as a
whole.
21 March 2024
For
further information, please contact:
Sarah
Beynsberger – 020 7743 3000
BlackRock
Investment Management (UK) Limited
Tunga
Chigovanyika – 020 7397 1915
Cavendish
Securities plc
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