Reduction of the share premium account

RNS Number : 3508E

BB Healthcare Trust PLC

05 May 2017

 

BB Healthcare Trust plc (the "Company")

Reduction of the share premium account

As stated in the Company's prospectus dated 10 November 2016, in order to increase the distributable reserves available to facilitate the payment of future dividends, the Company had resolved that, conditional upon First Admission and the approval of the Court, the amount standing to the credit of the share premium account of the Company immediately following completion of the First Issue be cancelled and transferred to a special distributable reserve. 

The Company is pleased to announce that, following the approval of the Court and the subsequent registration of the Court order with the Registrar of Companies on 3 May 2017, the reduction has now become effective. Accordingly, the amount of £146,412,136 previously held in the share premium account has been cancelled and will be transferred to a special distributable reserve.

Given that the Company has issued further shares subsequent to First Admission, there is a balance remaining to the credit of the share premium account following the above cancellation.

Enquiries:

Anthony Lee (020 7653 9690)

PraxisIFM Fund Services (UK) Limited

 

END

 

 

MSCZMGGKMKKGNZM