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LONDON - Bellevue Healthcare Trust plc (LSE:BBH) announced on Tuesday that shareholders approved a special resolution authorizing the company to purchase its own shares at a General Meeting held earlier in the day.
The resolution, which passed with 89.30% of votes in favor, will support the continued operation of the company’s Zero Discount Policy. The policy is designed to manage the discount at which the trust’s shares trade relative to their net asset value.
According to the voting results released in a regulatory filing, 26,128,513 votes were cast in favor of the resolution, while 3,131,695 votes were against. An additional 65,068 votes were withheld.
At the time of the meeting, Bellevue Healthcare Trust had 315,152,309 ordinary shares in issue, with 174,723,139 shares held in treasury. This left 140,429,170 shares with voting rights in circulation.
The details of the resolution were included in a shareholder circular that is available on the company’s website. The company noted that 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 database.
Bellevue Healthcare Trust, which trades on the London Stock Exchange (LON:LSEG), is an investment trust focused on the healthcare sector. The announcement was made through a regulatory news service filing.
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