Blackstone Loan Financing Limited Share Repurchase Programme (2466A)
June 01 2021 - 2:00AM
UK Regulatory
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RNS Number : 2466A
Blackstone Loan Financing Limited
01 June 2021
FOR IMMEDIATE RELEASE
1 June 2021
Blackstone Loan Financing Limited
("the Company")
Share Repurchase Programme
The Company announces that it has appointed its joint brokers
Winterflood Investment Trusts and N+1 Singer Capital Markets
Limited to manage a new share repurchase programme (the "Share
Repurchase Programme") to repurchase ordinary shares within certain
pre-set parameters (including the existing discount management
policy regarding the repurchase of shares as set out in the
Company's prospectus issued on 23 November 2018). This follows the
expiry of the previous share repurchase programme on 26 May 2021
(as announced on 12 March 2021). The Share Repurchase Programme
will commence today and will run until the Company's forthcoming
AGM, to be held on 23 July 2021.
Any shares purchased pursuant to the Share Repurchase Programme
will count towards the Company's general buy back authority of
14.99% of the Company's issued share capital, as approved at the
Company's 2020 AGM.
To commence the programme the Company has instructed its brokers
to buy up to 5 million shares at EUR 0.75 per share. If
shareholders have any interest in selling their shares they should
contact their usual contact at Winterflood or N+1 Singer by no
later than 2:00pm on 3 June 2021. If there is insufficient demand
to sell shares at this price the Company reserves the right to
increase the bid price.
The information contained within this announcement constitutes
inside information.
The person responsible for arranging for the release of this
announcement on behalf of the Company is Nicole Troy of BNP Paribas
Securities Services S.C.A., Jersey Branch, Company Secretary.
Enquiries:
BNP Paribas 01534 709178 / 813873
N+1 Singer Capital Markets
Limited
James Maxwell / Alaina Wong 020 7496 3000
Winterflood Investment Trusts
Neil Langford 020 3100 0000
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