BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC - Statement re Tender Price
December 01 2015 - 10:39AM
PR Newswire (US)
Not for release,
publication or distribution in or into the United States, Canada,
Australia or Japan
|
| 1 December 2015 |
|
BlackRock Greater
Europe Investment Trust plc
|
Tender Price
|
Background
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The Company offered to repurchase up
to 20 per cent of its issued Ordinary Shares excluding treasury
shares (104,312,765).
|
The Tender Offer was undersubscribed
and 1,236,927 Ordinary Shares (1.19% of the issued Ordinary Shares
excluding treasury shares) were tendered. The Tender will be
satisfied in full.
|
Tender Price
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The Tender Price
calculated as at close of business on 30 November 2015 (the
“Calculation Date”) was 250.56 pence per Ordinary Share.
|
Payments to
Shareholders by cheque, in the case of certificated holders, will
be made in pounds sterling and are expected to be paid on or as
soon as practicable after 7 December 2015.
|
Payments through CREST,
in the case of uncertificated holders, will be made in pounds
sterling and are expected to be paid on or as soon as practicable
after 7 December 2015.
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Balancing share
certificates will be despatched and CREST accounts will be settled
on or as soon as practicable after 7 December 2015.
|
Shares in
issue
|
Following
implementation of the Tender Offer on 7 December 2015, all Ordinary
Shares tendered will be repurchased by the Company and placed in
treasury. Following implementation of the Tender Offer the Company
will have 108,564,736 Ordinary Shares in issue, which will include
6,725,825 Ordinary Shares which are held in Treasury. The number of
Ordinary Shares that the Company has in issue, less the total
number of Ordinary Shares held by the Company in Treasury, will be
103,075,838. The Company also has 20,542,076 Subscription
Shares in issue.
|
Definitions
|
Terms defined in the
Circular have the same meaning when used herein unless the context
otherwise requires.
|
| Enquiries |
| BlackRock Investment Management (UK)
Limited |
|
020 7743 3000 |
| Simon White |
|
|
| Caroline Driscoll |
|
|
|
|
|
| Cenkos Securities plc |
|
020 7397 8900 |
| Will Rogers |
|
|
| Sapna Shah |
|
|
| Cenkos Securities plc is acting
for the Company in connection with the Tender Offer and no one else
and will not be responsible to anyone other than the Company for
providing the protections offered to clients of Cenkos Securities
plc nor for providing advice in relation to the Tender
Offer. |
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