BlackRock Greater Europe Investment Trust Plc - Tender Offer
PR Newswire
London, March 25
Not for release, publication or distribution in or into the United States, Canada, Australia or Japan
BLACKROCK GREATER EUROPE INVESTMENT TRUST plc (the "Company")
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 2019.
Over the six months to 28 February 2019, the average discount to net asset value (cum income) (NAV) was 4.6% and the discount to NAV on a cum income basis (diluted for treasury shares) as at close of business on 22 March 2019 was 3.7%. 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 2019.
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.
25 March 2019
For further information, please contact:
Melissa Gallagher - 020 7743 3893
BlackRock Investment Management (UK) Limited
Sapna Shah - 020 7397 1922
Cenkos Securities plc
