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LONDON - Bellevue Healthcare Trust PLC has announced the publication of a circular and the notice of an upcoming General Meeting where it seeks shareholder approval for additional share buybacks. This move is part of the company’s Zero Discount Policy, aiming to maintain the share price at or around the net asset value per share under normal market conditions.
The Board has already received authorization at the 2025 annual general meeting, held on April 23, 2025, to repurchase up to 14.99 percent of its issued share capital. As the company nears the limit of this authorization, it is calling for a General Meeting to propose further authority to continue supporting the Zero Discount Policy through share buybacks.
The General Meeting is scheduled to take place at The Shard in London on May 14, 2025, at 9:00 a.m. Shareholders planning to attend in person are reminded to bring current photo identification for building access.
The company’s previous authority to buy back shares was granted to cover up to 36,246,425 shares. With the Zero Discount Policy’s objective to stabilize share prices, the additional authority would ensure the company can maintain this practice once the current authorization is fully utilized.
Interested parties can access the Circular and the Notice of the General Meeting on the company’s website, as well as through the National Storage Mechanism. The information, based on a press release statement, was provided by RNS, the news service of the London Stock Exchange (LON:LSEG), and approved by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280).
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