REG - Blackstone Loan Fin - RESULTS OF EXTRAORDINARY GENERAL MEETING

Blackstone Loan FinancingAnnouncement

19/12/2024 12:45

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RNS Number : 7976Q  Blackstone Loan Financing Limited  19 December 2024

Blackstone Loan Financing Limited (the "Company")

 

19 December 2024

 

Results of Extraordinary General Meeting

 

 

Blackstone Loan Financing Limited announces that at the Extraordinary General
Meeting (the "EGM") held earlier today, the ordinary resolution in connection
with the proposed sale by the Company of 100% of the PPNs issued by BCF and
held by LuxCo was duly passed by shareholders.

 

The proxy votes received on the resolution proposed at the EGM will shortly be
available for inspection on the Company's website (http://blackstone.com/bglf
(http://blackstone.com/bglf) ).

 

The full text of the resolution can be found in the Notice of Meeting
published on 04 December 2024, copies of which are available for viewing on
the Company's website (http://blackstone.com/bglf (http://blackstone.com/bglf)
) and at the National Storage Mechanism at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

Timing & Conditions to Completion

 

Completion of the Proposed Transaction is expected to occur on 31 December
2024, subject to the Purchaser's right under the terms of the Sale and
Purchase Agreement to postpone the completion date for up to 20 Business Days
thereafter. Following the passing of the First EGM Resolution at the First EGM
held today, the sole remaining Condition to the Proposed Transaction is no
event of default under the LuxCo PPNIPA having occurred and not having been
waived or cured.

 

Second EGM

 

As a result of the First EGM Resolution passing, the Second EGM will be held
on 15 January 2025 at 11.00 a.m.

 

The Resolution to be considered at the Second EGM Resolution is a Special
Resolution and will, if passed, approve the Summary Winding-up of the Company
in accordance with the provisions of the Companies (Jersey) Law 1991.

 

 

Expected Timetable of Events

 

 Payment date of Second Redemption                                               19 December 2024

 Anticipated completion date of Proposed Transaction                             31 December 2024

 Latest time and date for receipt of Proxy Appointments for the Second EGM*      11.00 a.m. on 13 January 2025

 Record date for participation and voting at the Second EGM*                     5.00 p.m. on 13 January 2025

 Suspension of the listing of the Shares on the Official List and of trading of  7.00 a.m. on 15 January 2025
 the Shares on the Main Market*

 Second EGM*                                                                     11.00 a.m. on 15 January 2025

 Announcement of result of the Second EGM*                                       15 January 2025

 Commencement of the Summary Winding-up (conditional on approval of the Second   15 January 2025
 EGM Resolution)*

 Record date for Third Redemption*                                               5.00 p.m. on 15 January 2025

 Cancellation of the listing of the Shares on the Official List and              8.00 a.m. on 16 January 2025
 cancellation of admission to trading of the Shares on the Main Market*

 Payment date of Third Redemption* **                                            Expected to be by 4 February 2025 or as soon as possible thereafter

 

* Events subject to postponement in the event of a delay in completion of the
Proposed Transaction and/or in the receipt by the Company of any requisite
regulatory consents.

** The Company will make a Redemption Announcement through an RIS in advance
of the Third Redemption confirming exact details of the timing and amount of
the redemption payment to be made to Shareholders.

 

Each of the times and dates in the expected timetable of events may be
extended or brought forward without notice. If any of the above times and/or
dates change, the revised time(s) and/or date(s) will be notified to
Shareholders by an announcement through an RIS provider. All references are to
London time unless otherwise stated.

 

Publication of NAV

 

As referenced in the circular published to shareholders on 04 December 2024
(the "Circular"), as a result of the Proposed Transaction being approved by
Shareholders at the First EGM, the Company will cease to publish its monthly
NAV (including the 30 November 2024 NAV, which would ordinarily have been
published today).

 

Unless otherwise stated, capitalised terms in this announcement have the
meanings ascribed to them in the Circular.

 

 

 

For further information, please contact:

 

 BGLF                                                                           Via Singer Capital Markets

 Steven Wilderspin (Chair)

 Singer Capital Markets (Financial Adviser & Joint Corporate Broker to the      020 7496 3000
 Company)

 James Maxwell / Alaina Wong / Oliver Platts (Corporate Finance)

 Alan Geeves / Sam Greatrex (Sales)

 

 BNP Paribas (Company Secretary to the Company)  01534 709189 / 709108

 

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