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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 2024.
Over the six months to 29 February 2024, the average discount to net asset value (cum income) (NAV) was 6.3%. However, as the discount to NAV on a cum income basis (diluted for treasury shares) as at close of business on 20 March 2024 was 5.3% and the Company was trading at the narrowest discount 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 2024.
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.
21 March 2024
For further information, please contact:
Sarah Beynsberger – 020 7743 3000
BlackRock Investment Management (UK) Limited
Tunga Chigovanyika – 020 7397 1915
Cavendish Securities plc
