Bellevue Healthcare Trust PLC (LSE:BBH) has called a general meeting to seek shareholder approval for additional share buyback powers, aimed at supporting its newly introduced zero discount policy.
The policy commits to keeping the trust’s share price close to net asset value in normal conditions.
Shareholders approved a 15% buyback limit at the April AGM, but the board now wants fresh authorisation to maintain flexibility once that limit is used.
A circular and meeting notice has been published today.