Bellevue Healthcare Trust PLC Update on Redemption Process
October 14 2024 - 10:36AM
RNS Regulatory News
RNS Number : 1178I
Bellevue Healthcare Trust PLC
14 October 2024
BELLEVUE HEALTHCARE TRUST
PLC (the "Company")
LEGAL ENTITY IDENTIFIER ('LEI'):
213800HQ3J3H9YF2UI8
14 October 2024
UPDATE ON
REDEMPTION PROCESS
As per its announcement on 30 July 2024, the
Company has a redemption facility through which shareholders are
entitled to request the redemption of all or part of their holding
of ordinary shares on an annual basis.
The total number of ordinary shares as of the
record date, in respect of which Redemption Requests were received
for the 22 November 2024 Redemption Point was 163,834,887
(representing 36.34% of the Company's issued share capital
(excluding treasury shares)).
The Directors have decided to calculate the
Redemption Price by reference to the amount generated upon the
realisation of a Redemption Pool created for the purpose of funding
the redemption. Hence the portfolio will be split into a Redemption
Pool and a Continuing Pool from the close of business today. Daily
Net Asset Value announcements published from tomorrow will reflect
the Continuing Pool.
The Board has engaged a third party to
undertake sanctions checking and continues to validate all
redemption requests received.
A further announcement will be made by the
Company for the redeeming shareholders shortly after the 2024
Redemption Point setting out the redemption details.
Defined terms
in the announcement have the same meaning as set out in the
Articles of Association, a copy of which may be obtained from the
Company Secretary.
Enquiries:
J.P. Morgan
Cazenove
|
William Simmonds, Rupert Budge
|
Telephone: +44 (0)20 3493 8000
|
|
NSM Funds (UK)
Limited
|
Brian Smith, Ciara McKillop
|
Telephone: +44 (0)20 3697 5770
|
|
H/Advisors
Maitland
|
William Clutterbuck
|
Telephone: +44 (0) 7785 292 617
|
|
Bellevue Asset
Management (UK) Ltd.
|
Mark Ghahramani
|
Telephone: +44 (0)20 3326 2981
|
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
UPDGPGCWUUPCGAC
Bellevue Healthcare (LSE:BBH)
Historical Stock Chart
From Sep 2024 to Oct 2024
Bellevue Healthcare (LSE:BBH)
Historical Stock Chart
From Oct 2023 to Oct 2024