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27 May 2025 15:56:23
- Source: Sharecast
Bellevue Healthcare Trust plc
Publication of a Circular and Notice of General Meeting
The Board of Bellevue Healthcare Trust plc (the "Company") announced on 23 April 2025 the introduction of a zero discount policy with the aim of the policy being for the Company's share price to trade at or around the net asset value per share in normal market conditions (the "Zero Discount Policy").
The Board announces that it is today publishing a shareholder circular (the "Circular") which contains a notice of a general meeting (the "General Meeting"), at which the Board is seeking Shareholders' approval to authorise the Company to make purchases of its own shares in order to support the continued operation of the Zero Discount Policy.
Since 23 April 2025, being the date on which the Zero Discount Policy was introduced, to 22 May the latest practicable date of this announcement, the Company has repurchased 28,289,086 Shares in aggregate and the Shares have traded at an average discount to NAV of 1.7 per cent.
In order that the Company may continue to operate the Zero Discount Policy once the authority to repurchase its own Shares taken at the general meeting held on 14 May 2025 may have been fully utilised, the Board has agreed that the Company should hold another General Meeting at 9.00 a.m. on 13 June 2025 at which the Company will seek further renewal of the authority to make purchases of its own Shares. Without this further authority, the Company may not have sufficient authority remaining to continue to purchase its own Shares to support the Zero Discount Policy.
The General Meeting will be held at 24th Floor, The Shard, 32 London Bridge Street, London SE1 9SG on 13 June 2025 at 9.00 a.m.
Please note that photo identification may be required to access the building where the General Meeting is being held. If you are attending the General Meeting in person, please ensure you have current photo identification with you.
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Timetable |
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Latest time and date for receipt of proxy appointments |
9.00 a.m. on 11 June 2025 |
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General Meeting |
9.00 a.m. on 13 June 2025 |
A copy of the Circular will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The Circular and the Notice of the General Meeting will also be made available shortly on the Company's website at www.bellevuehealthcaretrust.com.
Enquiries:
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J.P. Morgan Cazenove |
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William Simmonds, Rupert Budge |
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Telephone: +44 (0)20 3493 8000 |
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H/Advisors Maitland |
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William Clutterbuck |
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Telephone: +44 (0) 7785 292 617 |
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Bellevue Asset Management (UK) Ltd. |
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Mark Ghahramani |
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Telephone: +44 (0) 203 326 2981
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NSM Funds (UK) Limited |
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Brian Smith, Ciara McKillop |
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Telephone: +44 (0)20 3697 5770 |
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Bellevue Healthcare Trust plc LEI: 213800HQ3J3H9YF2UI82 |
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