REG - Bellevue Healthcare - Circular Publication and Notice of General Meeting

Bellevue Healthcare TrustAnnouncement

26/06/2025 08:00

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RNS Number : 4541O  Bellevue Healthcare Trust PLC  26 June 2025

Bellevue Healthcare Trust plc

Publication of a Circular and Notice of General Meeting

The Board of Bellevue Healthcare Trust plc (the "Company") announced on 23
April 2025 the introduction of a zero discount policy with the aim of the
policy being for the Company's share price to trade at or around the net asset
value per share in normal market conditions (the "Zero Discount Policy").

The Board announces that it is today publishing a shareholder circular (the
"Circular") which contains a notice of a general meeting (the "General
Meeting"), at which the Board is seeking Shareholders' approval to authorise
the Company to make purchases of its own shares in order to support the
continued operation of the Zero Discount Policy.

Since 23 April 2025, being the date on which the Zero Discount Policy was
introduced, to the Latest Practicable Date, the Company has repurchased
57,155,469 Shares in aggregate and the Shares have traded at an average
discount to NAV of 1.3 per cent.

In order that the Company may continue to operate the Zero Discount Policy
once the authority to repurchase its own Shares taken at the general meeting
held on 13 June 2025 may have been fully utilised, the Board has agreed that
the Company should hold another General Meeting at 9.00 a.m. on 15 July 2025
at which the Company will seek further renewal of the authority to make
purchases of its own Shares. Without this further authority, the Company may
not have sufficient authority remaining to continue to purchase its own Shares
to support the Zero Discount Policy.

 The General Meeting will be held at 24th Floor, The Shard, 32 London Bridge
Street, London SE1 9SG on 15 July 2025 at 9.00 a.m.

Please note that photo identification may be required to access the building
where the General Meeting is being held. If you are attending the General
Meeting in person, please ensure you have current photo identification with
you.

 

 Timetable
 Latest time and date for receipt of proxy appointments  9.00 a.m. on 11 July 2025

 General Meeting                                         9.00 a.m. on 15 July 2025

 

A copy of the Circular will be submitted to the National Storage Mechanism
and will shortly be available for inspection
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

The Circular and the Notice of the General Meeting will also be made
available shortly on the Company's website at www.bellevuehealthcaretrust.com
(http://www.bellevuehealthcaretrust.com/) .

 

Enquiries:

 J.P. Morgan Cazenove
 William Simmonds, Rupert Budge
 Telephone: +44 (0)20 3493 8000

 H/Advisors Maitland
 William Clutterbuck
 Telephone: +44 (0) 7785 292 617

 Bellevue Asset Management (UK) Ltd.
 Mark Ghahramani
 Telephone: +44 (0) 203 326 2981

 NSM Funds (UK) Limited
 Brian Smith, Ciara McKillop
 Telephone: +44 (0)20 3697 5770

 Bellevue Healthcare Trust plc LEI: 213800HQ3J3H9YF2UI82

 

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