Last checked at 29 Mar 2022 15:09
BlackRock Greater Europe Investment Trust Plc - Tender OfferBlackRock Greater Europe Investment Trust Plc - Tender Offer
PR Newswire
London, March 29
Not for release, publication or distribution in or into the United States, Canada, Australia or JapanBLACKROCK GREATER EUROPE INVESTMENT TRUST plc
LEI - 5493003R8FJ6I76ZUW55Tender OfferThe 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 2022.Over the six months to 28 February 2022, the average premium to net asset value (cum income) (NAV) was 1.8%. The shares are currently trading at a premium to net asset value of 0.3%. The Board has therefore concluded that it is not in the interests of shareholders as a whole to implement a semi-annual tender offer in May 2022.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.
29 March 2022For further information, please contact:Melissa Gallagher – 020 7743 3893BlackRock Investment Management (UK) LimitedTunga Chigovanyika – 020 7397 1915Cenkos Securities plc