Last checked at 2 Dec 2008 15:49
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02 December 2008
BlackRock Greater Europe Investment Trust plc Results of the Tender Offer Background
The Company offered to repurchase up to 20 per cent of its issued Ordinary Shares excluding treasury shares (112,388,958).
The Tender Offer was undersubscribed and 5,568,268 Ordinary Shares (4.95% of the issued Ordinary Shares excluding treasury shares) were tendered. The Tender will be satisfied in full. All tendered Ordinary Shares will be held in Treasury.
The Company announces that 2,728,833 Ordinary Shares of 0.1p each which were held in Treasury were today cancelled. There are no Ordinary Shares currently held by the Company in Treasury. Following implementation of the Tender Offer the Company will have 112,388,958 shares in issue which will include 5,568,268 Ordinary Shares which are held in Treasury.
Following the Tender Offer the number of Ordinary Shares that the Company has in issue, less the total number of Ordinary Shares held by the Company in Treasury, is 106,820,690.
Tender Price
The Tender Price calculated as at close of business on 1 December 2008 (the "Calculation Date") was 122.38 pence per Ordinary Share.
Payments to Shareholders by cheque, in the case of certificated holders, will be made in pounds sterling and are expected to be paid on or as soon as practicable after 4 December 2008.
Payments through CREST, in the case of uncertificated holders, will be made in pounds sterling and are expected to be paid on or as soon as practicable after 4 December 2008.
Balancing share certificates will be despatched and CREST accounts will be settled on or as soon as practicable after 4 December 2008.
Definitions
Terms defined in the Circular have the same meaning when used herein unless the context otherwise requires.
Enquiries BlackRock Investment Management (UK) Limited 020 7743 3000
Jonathan Ruck Keene Caroline Driscoll UBS Limited Joseph Winkley 020 7567 8000
UBS Limited is acting for the Company in connection with the Tender Offer and no one else and will not be responsible to anyone other than the Company for providing the protections offered to clients of UBS Limited nor for providing advice in relation to the Tender Offer.
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