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8 Nov 2024 07:00
08 November 2024
Blackstone Loan Financing Limited
(the "Company")
Redemption Update
Further to the approval given by the Company's shareholders to enable compulsory redemptions of the Company's redeemable ordinary shares ("Shares"), as described in the circular dated 25 August 2023 (the "Circular") and following the First Redemption made by the Company on 10 June 2024, the Company today announces that it will return approximately €61,000,000 by way of a compulsory partial redemption (the "Second Redemption") on or around 19 December 2024 (the "Redemption Date").
The proportion of shares subject to the Second Redemption will be calculated by reference to the NAV per Share as at 31 October 2024 which the Board plans to announce on 21 November 2024 alongside the detailed timetable for the Second Redemption.
As at today's date, the Company has 417,959,768 Shares in issue, of which none are held in treasury.
Shareholders should note that the Board retains absolute discretion as to the execution, extent and timing of redemptions.
Capitalised terms used but not defined in this announcement will have the same meaning as set out in the Circular.
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 Jeremy Hamon of BNP Paribas S.A., Jersey Branch, Company Secretary.
Enquiries:
Blackstone
| via BNP Paribas |
BNP Paribas
| 01534 709189 / 709108 |
Singer Capital Markets James Maxwell / Alaina Wong (Corporate Finance) Alan Geeves / Sam Greatrex (Sales)
| 020 7496 3000
|
Winterflood Investment Trusts Neil Langford (Corporate Finance) Darren Willis (Sales) |
020 3100 0000 |
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