Tender Offer

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BLACKROCK GREATER EUROPE INVESTMENT TRUST plc
LEI - 5493003R8FJ6I76ZUW55

Tender Offer

The Board of BlackRock Greater Europe Investment Trust plc (the Company) announces that it has decided not to implement a semi-annual tender offer in May 2021.

Over the six months to 28 February 2021, the average discount to net asset value (cum income) (NAV) was 1.65%. Since the end of January 2021, the Company has been issuing shares from treasury as the shares have consistently traded at a premium to net asset value. The shares are currently trading at premium to net asset value of 1.68%. The Board has therefore concluded that it is not in the interests of shareholders as a whole to implement a semi-annual tender offer in May 2021.

The Board will continue to monitor the Company’s discount to NAV and will look to buy back shares and/or operate six monthly tender offers if it is deemed to be in the interests of shareholders as a whole.
 

24 March 2021

For further information, please contact:

Melissa Gallagher – 020 7743 3893
BlackRock Investment Management (UK) Limited

Tunga Chigovanyika – 020 7397 1915
Cenkos Securities plc