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Tender Offer

21 Mar 2024 13:42

BlackRock Greater Europe Investment Trust Plc - Tender Offer

BlackRock Greater Europe Investment Trust Plc - Tender Offer

PR Newswire

LONDON, United Kingdom, March 21

Not for release, publication or distribution in or into the United States, Canada, Australia or Japan

BLACKROCK 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 2024.Over the six months to 29 February 2024, the average discount to net asset value (cum income) (NAV) was 6.3%. However, as the discount to NAV on a cum income basis (diluted for treasury shares) as at close of business on 20 March 2024 was 5.3% and the Company was trading at the narrowest discount within its peer group, the Board has concluded that it is not in the interests of shareholders as a whole to implement a semi-annual tender offer in May 2024.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. 

21 March 2024For further information, please contact: Sarah Beynsberger – 020 7743 3000BlackRock Investment Management (UK) LimitedTunga Chigovanyika – 020 7397 1915Cavendish Securities plc 

 



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