23 Jul 2013 14:53
BLACKROCK EMERGING EUROPE PLC - Tender OfferBLACKROCK EMERGING EUROPE PLC - Tender Offer
PR Newswire
London, July 23
BLACKROCK EMERGING EUROPE PLC 23 July 2013 Results of Tender and Tender Price The Board today announces that the Net Asset Value as at the Calculation Datefor the Tender Offer was 294.15 pence per Ordinary Share. Accordingly, theTender Price, which has been calculated in accordance with paragraph 3 of PartV of the Circular to Shareholders dated 24 May 2013, is 283.3200 pence perOrdinary Share. The Tender Offer was over-subscribed with 59.7% of the Company's issued sharecapital being tendered. Following scaling back, 2,938,349 Ordinary Shares willbe repurchased by the Company at the Tender Price and held in treasury; thisequates to 7.5% of the Company's ordinary shares in issue at the Record Date.Shareholders who tendered in excess of their basic entitlement will have theirexcess tenders satisfied to the extent of an additional approximately 2.4%.It is expected that cheques will be despatched and CREST payments made as soonas practicable after 24 July 2013. The Company announces that 3,338,349 Ordinary Shares which were held inTreasury were today cancelled. There are 2,461,651 Ordinary Shares currentlyheld by the Company in Treasury. Following the implementation of the TenderOffer, the Company will have 36,242,928 Ordinary Shares in issue (excluding5,400,000 Ordinary Shares held in treasury). Enquiries Simon White/Barbara Powley 020 7743 3000BlackRock Investment Management (UK) Limited Alex Blake 020 3100 0297Winterflood Investment Trusts