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LONDON - Bellevue Healthcare Trust plc has announced the publication of a shareholder circular and a notice for an upcoming general meeting. The company is seeking shareholder approval to continue repurchasing its shares, a move designed to support its Zero Discount Policy, which aims for the company’s share price to trade at or around net asset value.
Since the policy’s inception on April 23, the company has bought back 28,289,086 shares, resulting in an average trading discount to net asset value of 1.7%. The general meeting, scheduled for June 13, will address the renewal of authority to repurchase shares, which is necessary for the policy’s ongoing implementation.
The meeting will take place at The Shard in London. Shareholders planning to attend are reminded to bring photo identification for building access. Proxy appointments must be received by June 11.
This initiative follows the general meeting on May 14, where the company initially obtained authority to buy back shares. The continuation of this policy is contingent on shareholder approval at the upcoming meeting.
The circular, along with the notice of the general meeting, will be available on the company’s website and the National Storage Mechanism. This move is part of the company’s strategy to align share price with net asset value, providing a transparent mechanism for shareholder value management.
Information for this article is based on a press release statement from Bellevue Healthcare Trust plc.
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