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BRGS Blackrock GR Ss

0.255
0.00 (0.00%)
22 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Blackrock GR Ss LSE:BRGS London Ordinary Share GB00B99HJ527 SUB SHS 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.255 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC - Tender Offer

21/03/2016 4:09pm

PR Newswire (US)


Blackrock GR Ss (LSE:BRGS)
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Not for release, publication or distribution in or into the United States, Canada, Australia of Japan

BlackRock Greater Europe Investment Trust plc

Tender Offer


The 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 2016.

Over the six months to 29 February 2016, the average discount (cum income) to net asset value (NAV) was 2.9% and ranged from a discount of 5.0% to a premium of 0.7%. The discount on a cum income basis (diluted for subscription shares and treasury shares) at close of business on 18 March 2016 was 3.2%.  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 2016.

The Board will continue to monitor the Company’s discount/premium to NAV and will look to buyback shares and/or operate six monthly tender offers if it is deemed to be in the interests of shareholders as a whole.

21 March 2016

For further information, please contact:

Simon White – 020 7743 5284
BlackRock Investment Management (UK) Limited

Sapna Shah – 020 7397 1922
Cenkos Securities plc
 

Copyright h 21 PR Newswire

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