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LONDON - Bellevue Healthcare Trust plc (LON:BBH) announced Friday that shareholders approved a special resolution authorizing the company to purchase its own shares during a General Meeting.
The resolution, which supports the continued operation of the company’s Zero Discount Policy, received 93.66% approval with 46,811,542 votes in favor and 3,169,071 votes against. A total of 15,543 votes were withheld.
The approved measure grants the investment trust authority to conduct share buybacks, a mechanism typically used to manage the discount between share price and net asset value.
At the time of the meeting, Bellevue Healthcare Trust had 315,152,309 ordinary shares issued, with 130,838,757 shares held in treasury. The total number of voting rights in the company stood at 184,313,552, with each ordinary share entitling the holder to one vote.
The full text of the resolution is available in the shareholder circular on the company’s website. Copies of the passed resolution will be submitted to the National Storage Mechanism and will be available for inspection through the Financial Conduct Authority’s data portal.
This announcement is based on a press release statement issued by the company.
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