Result of EGM
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES
OF AMERICA, CANADA, AUSTRALIA OR JAPAN
BlackRock Greater Europe Investment Trust plc
Results of General Meeting and Bonus Issue of Subscription Shares
Following the General Meeting of the Company, which was held earlier today the
Company announces that all the Special Resolutions put to shareholders were
passed on a show of hands.
Accordingly, 23,254,813 Subscription Shares will be allotted, subject to
listing, to Ordinary Shareholders on the register at close of business on
16 April 2013, by way of a bonus issue on the basis of one Subscription Share
for every five Ordinary Shares held at that date.
Each Subscription Share will confer the right, but not the obligation, to
subscribe for one Ordinary Share upon payment of the relevant Subscription
Price. Notice to exercise the Subscription Share Rights may be given to take
effect quarterly on the last Business Day of January, April, July and October
between and including the last Business Day in July 2013 and the last Business
Day in April 2016 (any date on which subscription occurs being a "Subscription
Date"), after which the Subscription Share Rights will lapse. The Ordinary
Shares arising on exercise of the Subscription Share Rights will be allotted
within ten Business Days of the relevant exercise date.
The Subscription Price, which is equal to the published unaudited cum income
Net Asset Value per Ordinary Share as at the close of business on 16 April 2013
of 225.32 pence per share plus a percentage premium to such amount, rounded up
to the nearest whole penny, has now been determined and is as follow:
i. if the Subscription Share Rights are exercised to have effect on any
Subscription Date between and including the last Business Day in July 2013
and the last Business Day in April 2014, 233 pence, being a 3 per cent.
premium; and
ii. if the Subscription Share Rights are exercised to have effect on any
Subscription Date between and including the last Business Day in July 2014
and the last Business Day in April 2016, 248 pence, being a 10 per cent.
premium
Application has been made for the Subscription Shares to be admitted to the
Official List and to trading on the main market of the London Stock Exchange
and it is expected that dealings in the Subscription Shares will commence at
8.00 a.m. on 19 April 2013.
Proxy votes received in favour of the Special Resolutions were as follows:
Resolution 1: 99.37%
Resolution 2: 97.93%
Resolution 3: 99.14%
Copies of the Special Resolutions have been submitted to the National Storage
Mechanism, and will shortly be made available for inspection at
www.hemscott.com.nsm.do
The ISIN of the Subscription Shares is GB00B99HJ527, the SEDOL is B99HJ52 and
the ticker is BRGS.
Terms used and not defined in this announcement shall bear the meaning given to
them in the Prospectus dated 25 March 2013.
Enquiries
Simon White - 020 7743 5284
Caroline Driscoll - 020 7743 2427
BlackRock Investment Management (UK) Limited
Sapna Shah - 020 7397 1922
Cenkos Securities plc
Date: 18 April 2013
IMPORTANT
This announcement is an advertisement and is not a prospectus. Accordingly,
investors are advised to read the Prospectus as a whole and make any decision
on the basis of information in the Prospectus itself. No reliance may be placed
for any purpose on the information contained in this announcement or its
accuracy or completeness. This announcement does not constitute or form part of
any offer to issue or sell, or any solicitation of any offer to subscribe or
purchase any investments in any jurisdiction nor shall it (or the fact of its
distribution) form the basis of, or be relied on in connection with, any
contract therefore.
This announcement should not be construed as advice relating to legal, taxation
or any other matters and does not constitute a recommendation to sell or the
solicitation of an offer to subscribe for or buy, nor shall there be any sale
of, any securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful or would impose any unfulfilled registration,
publication or approval requirements on the Company or Cenkos Securities plc.
The contents of this announcement include statements that are, or may be deemed
to be, "forward looking statements". These forward-looking statements can be
identified by the use of forward-looking terminology, including the terms
"believe", "expect", "intend", "will" or " should". By their nature, forward
looking statements involve risks and uncertainties and readers are cautioned
that any such forward-looking statements are not guarantees of future
performance. The Company's actual results and performance may differ materially
from the impression created by the forward-looking statements. The Company
undertakes no obligation to publicly update or revise forward-looking
statements, except as may be required by applicable law and regulation
(including the Listing Rules). No statement in this announcement is intended to
be a profit forecast.
This announcement is not for distribution directly or indirectly in or into,
and does not constitute an offer to sell or issue or the solicitation of an
offer to buy shares in the capital of the Company in the United States, of
America ("United States"), Australia, Canada or Japan or any jurisdiction in
which such an offer or solicitation is unlawful. The shares referred to in this
announcement have not been and will not be registered under the United States
Securities Act of 1933 (as amended), or under the securities laws of any state
or other political sub-division of the United States or under the applicable
securities laws of any of Australia, Canada or Japan and may not be offered or
sold within the United States absent registration or an exemption from
registration. No public offering of securities will be made in the United
States, Australia, Canada or Japan.
The Subscription Shares, Subscription Share Rights and the Ordinary Shares
issued pursuant to the exercise of Subscription Share Rights attaching to the
Subscription Shares have not been and will not be registered under the relevant
laws of any territory outside of the UK or any state, province or territory
thereof. Persons into whose possession this announcement comes, and Qualifying
Shareholders wishing to exercise Subscription Share Rights, are required by the
Company and Cenkos Securities plc to inform themselves about, and to observe,
such restrictions.