Bellevue Healthcare Trust PLC has shaken the financial landscape by announcing the continuation of its zero discount policy, aimed to have the company’s share price trade at or near the net asset value per share in typical market conditions. To propel this groundbreaking financial stratagem, the healthcare trust is seeking resale authorization from its shareholders to purchase its own shares.
This audacious move manifests the company’s strong confidence in its strong market position and profound financial stability. Since the policy’s introduction on April 23, 2025, Bellevue has procured over 57 million shares, trading at an average discount to net asset value of 1.3%.
BlackRock Smaller Companies Trust plc, under the LEI - 549300MS535KC2WH4082, announced that it has made significant strides in augmenting its financial stability. The Company confirmed the acquisition of an additional 25,000 of its Ordinary Shares. The shares, purchased at 1,290.00 pence per share, are designated to be held in the corporate treasury. Upon completion of this acquisition by 27 June 2025, the company’s issued share capital will be 42,482,792 Ordinary Shares. This tally excludes the 7,510,731 shares that are currently preserved in the treasury. It should be noted that shares held in the treasury do not carry any voting rights. Following the settlement, treasury holdings will constitute 15.02% of the Company’s total issued share capital, which stands at 49,993,523 Ordinary Shares inclusive of treasury shares.