BlackRock Greater Europe Investment Trust Plc - Tender Offer
PR Newswire
LONDON, United Kingdom, March 17
Not for release, publication or distribution in or into the United States, Canada, Australia or Japan
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 2025.
Over the six months to 7 March 2025, the average discount to net asset value (cum income) (NAV) was 7.1%. However, as the discount to NAV on a cum income basis (diluted for treasury shares) as at close of business on 14 March 2025 was 6.1% and the Company was trading at one of the narrowest discounts 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 2025.
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.
17 March 2025
For further information, please contact:
Sarah Beynsberger - 020 7743 3000
BlackRock Investment Management (UK) Limited
Tunga Chigovanyika - 020 7397 1915
Cavendish Securities plc
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