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LONDON - Bellevue Healthcare Trust plc (LSE:BBH) announced on Monday that shareholders have approved a special resolution authorizing the company to purchase its own shares. The resolution, which passed with 93.94% approval at a General Meeting held earlier in the day, will support the continued operation of the company’s Zero Discount Policy.
The company reported that 26,883,097 votes were cast in favor of the share buyback authority, with 1,735,016 votes against and 120,876 votes withheld. The resolution gives Bellevue Healthcare Trust the ability to repurchase shares from the market.
At the time of the meeting, Bellevue Healthcare Trust had 315,152,309 ordinary shares in issue, with 194,508,607 shares held in treasury. This leaves 120,643,702 shares with voting rights in circulation.
The full text of the resolution is available in the shareholder circular on the company’s website. According to the announcement, documentation related to 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 provided in a press release statement issued by the company following the General Meeting.
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