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BlackRock Greater Europe Investment Trust plc
LEI - 5493003R8FJ6I76ZUW55
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 2017.
Over the six months to 28 February 2017, the average discount to net asset value (cum income) (NAV) was 4.9% and traded in the range of a discount of 2.5% and 9.5%. The discount to NAV on a cum income basis (diluted for treasury shares) as at close of business on 24 March 2017 was 4.00%. 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 2017.
The Board will continue to monitor the Company's discount 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.
27 March 2017
For further information, please contact:
Simon White - 020 7743 5284
BlackRock Investment Management (UK) Limited
Sapna Shah - 020 7397 1922
Cenkos Securities plc
