BB Healthcare Trust - Voluntary Redemption of Ordinary Shares
BB HEALTHCARE TRUST PLC (the "Company")
LEGAL ENTITY IDENTIFIER ('LEI'): 213800HQ3J3H9YF2UI8
VOLUNTARY REDEMPTION OF ORDINARY SHARES
The Company operates a voluntary redemption facility through which shareholders may request the redemption of all or part of their holding of redeemable ordinary shares of 1p each ("Ordinary Shares") for cash on the last business day in November each year.
There is no requirement for shareholders to take any action should they wish to retain their Ordinary Shares. As at close of business on
A redemption of Ordinary Shares may be subject to income tax and capital gains tax. In particular, private shareholders that sell their shares via the redemption mechanism could find they are subject to income tax on the gains made on the redeemed shares rather than capital gains tax on the sale of their shares in the market. However, individual circumstances do vary, therefore shareholders who are in any doubt about the redemption or the action that should be taken should seek independent professional advice.
None of the Directors of the Company will be redeeming any of their shares under the redemption facility.
Shareholders submitting valid requests for the redemption of Ordinary Shares will have their shares redeemed at the Redemption Price.
The Directors may elect, at their absolute discretion, to calculate the Redemption Price on either of the following bases:
1. The Redemption Price shall be equal to the Dealing Value per Ordinary Share calculated as at the appropriate
2. The Directors may elect to calculate the Redemption Price by reference to the amount generated upon the realisation of a
The Directors are minded to approve all valid redemption requests unless there are exceptional reasons why this would be contrary to the interests of shareholders.
Shareholders wishing to request the redemption of all or any of their certificated Ordinary Shares at the proposed
The relevant dates for the
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Latest date for receipt of Redemption Requests and certificates for certificated shares.
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Latest date and time for TTE instructions for uncertificated shares via CREST.
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On or before
Company to notify Redemption Price and dispatch redemption monies; or
On or before
Balance certificates to be sent to shareholders.
Further details of the redemption facility are set out in the Company's Articles of Association, the Share Issuance Programme prospectus issued in
The Directors of the Company have discretion over the operation of the redemption facility and the calculation of the Redemption Price.
Defined terms in the announcement have the same meaning as set out in the Articles of Association, a copy of which may be obtained from the Company Secretary.
PraxisIFM Fund Services (UK) Limited
020 4513 9260
Link Asset Services (Registrar)
0371 664 0321
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