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BLACKROCK GREATER EUROPE INVESTMENT TRUST plc (the “Companyâ€)
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