BlackRock Frontiers Tender Offer Update
March 30 2021 - 11:03AM
UK Regulatory
TIDMBRFI
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW
ZEALAND AND THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO
SO MAY RESULT IN THE CONTRAVENTION OF ANY REGISTRATION OR OTHER LEGAL
REQUIREMENT OF SUCH JURISDICTION
30 March 2021
BlackRock Frontiers Investment Trust plc
(LEI: 5493003K5E043LHLO706)
Tender Offer Update
Further to the announcement on 25 February 2021, the Board of BlackRock
Frontiers Investment Trust plc (the "Company") confirms that all the assets in
the Tender Pool have been fully realised. The Tender Pool Determination Date
was 26 March 2021 and, as at that date, the Final Tender Offer Asset Value was
£62,671,613.68, giving a Tender Price of 120.79 pence per Tender Share.
Winterflood Securities will, as principal, on the terms and subject to the
conditions of the Tender Offer, buy the 51,884,770 Tender Shares at the Tender
Price in the market then sell the Tender Shares to the Company at the Tender
Price in accordance with the Repurchase Agreement, with this expected to happen
on or around 31 March 2021. All of the 51,884,770 Tender Shares will be
transferred into and held in treasury until further notice.
Capitalised terms used in this announcement, unless otherwise defined, have the
same meanings as set out in the circular to Shareholders published by the
Company on 29 January 2021.
Enquiries:
BlackRock Investment Management (UK) Limited 020 7743 3000
Simon White
Sarah Beynsberger
Kevin Mayger
020 3100 0292
Winterflood Securities Limited
Neil Morgan
END
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