Last checked at 1 Dec 2016 14:30
BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC - Statement re Tender PriceBLACKROCK GREATER EUROPE INVESTMENT TRUST PLC - Statement re Tender Price
PR Newswire
London, December 1
| Not for release, publication or distribution in or into the United States, Canada, Australia or Japan |
| 1 December 2016 |
| BlackRock Greater Europe Investment Trust plc |
| Tender Price |
| Background |
| The Company offered to repurchase up to 20 per cent of its issued Ordinary Shares excluding treasury shares (102,003,113). |
| The Tender Offer was undersubscribed and 6,582,160 Ordinary Shares (6.45% of the issued Ordinary Shares excluding treasury shares) were tendered. The Tender will be satisfied in full. |
| Tender Price |
| The Tender Price calculated as at close of business on 30 November 2016 (the “Calculation Date”) was 272.08 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 2016. |
| 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 2016. |
| Balancing share certificates will be despatched and CREST accounts will be settled on or as soon as practicable after 7 December 2016. |
| Shares in issue |
| Following implementation of the Tender Offer, all Ordinary Shares tendered will be repurchased by the Company and placed in treasury. The Company will have 110,328,938 Ordinary Shares in issue, which will include 14,907,985 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 95,420,953. |
| 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. |