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LONDON - Bellevue Healthcare Trust plc (LSE:BHT) announced on Tuesday that shareholders approved a special resolution authorizing the company to purchase its own shares during a General Meeting held earlier in the day.
The resolution, which supports the continued operation of the company’s Zero Discount Policy, passed with 85.81% of votes in favor, representing 35,542,441 shares. Votes against the measure totaled 5,878,907 shares, or 14.19%, with 36,783 votes withheld.
At the time of the meeting, Bellevue Healthcare Trust had 315,152,309 ordinary shares in issue, with 151,741,189 shares held in Treasury. The total number of voting rights in the company stood at 163,411,120, with each ordinary share entitling the holder to one vote.
The approved resolution grants the investment trust the authority to conduct share buybacks, a mechanism often used by closed-end funds to manage the discount between share price and net asset value.
Copies of the resolution will be submitted to the National Storage Mechanism and will be available for inspection through the Financial Conduct Authority’s database.
The information was disclosed in a regulatory news service announcement from the London Stock Exchange (LON:LSEG).
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