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LONDON - Bellevue Healthcare Trust plc announced on Thursday that it will hold a General Meeting on July 15, 2025, to seek shareholder approval for additional share repurchase authority to support its Zero Discount Policy.
The meeting, scheduled for 9:00 a.m. at The Shard in London, comes after the company introduced the policy on April 23, 2025, with the aim of maintaining a share price that trades at or around net asset value in normal market conditions.
Since implementing the policy, Bellevue has repurchased 57,155,469 shares, with its stock trading at an average discount to net asset value of 1.3 percent, according to a company press release.
The trust is seeking the new authorization as the current share repurchase authority, approved at a general meeting on June 13, 2025, may soon be fully utilized. Without this additional authority, the company stated it may lack sufficient capacity to continue supporting its Zero Discount Policy through share buybacks.
Shareholders can submit proxy appointments until 9:00 a.m. on July 11, 2025. The company noted that photo identification will be required for those attending the meeting in person.
A circular containing the meeting notice will be available on the National Storage Mechanism and the company’s website.
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