Bellevue Healthcare Trust PLC

Regulatory Filings • Aug 7, 2025

National Storage Mechanism | Additional information

RNS Number : 2921U

Bellevue Healthcare Trust PLC

07 August 2025

7 August 2025

Bellevue Healthcare Trust plc

(the "Company")

Strategic Review

The Board of Directors of Bellevue Healthcare Trust plc (LSE: BBH), an investment trust managed by Bellevue Asset Management, which invests in a concentrated portfolio of global healthcare companies, today announces a strategic review of all options available to the Company with the objective of improving performance or otherwise achieving value for shareholders.

The strategic review will be led by the Board with support from the Company's advisers including J.P. Morgan Cazenove. The Board will consult with shareholders as part of the strategic review which is expected to conclude in early Q4 CY2025 when the review's recommendations will be announced.

The Board has engaged regularly with the current investment manager in connection with the Company's performance and decided to initiate the strategic review in light of continued underperformance and the fall in size of the Company.

The strategic review will consider all options for the future of the Company. The Board welcomes proposals from all parties, including Bellevue Asset Management, third-party investment managers and other investment companies. Interested parties should contact J.P. Morgan Cazenove for further information.

During the strategic review, the Company's annual redemption facility will be paused. The Zero Discount Policy, announced on 23 April 2025, will continue to operate throughout the review process. 

Further announcements will be made in due course.

Kate Bolsover, Chairman of Bellevue Healthcare Trust plc, said: "The Board's primary objective remains the preservation and enhancement of shareholder value and, in launching this strategic review, we intend to consider carefully all options for the future of the Company. We will, as always, continue to engage in active dialogue with our shareholders throughout this process."

For further information, please contact:

Bellevue Healthcare Trust plc
Kate Bolsover, Chairman	c/o Burson Buchanan +44 (0) 20 7466 5000
Burson Buchanan	+44 (0) 20 7466 5000
Henry Wilson / Mark Court / Nick Croysdill / Jesse McNab	BBH@buchanan.uk.com
JP Morgan Cazenove	+44 (0) 20 3493 8000
William Simmonds / Rupert Budge	BBH_JPMC@jpmorgan.com
NSM Funds (UK) Ltd	+44 (0) 20 3697 5770
Brian Smith / Ciara McKillop	bellevue@nsm.group

LEI: 213800HQ3J3H9YF2UI82

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCQQLFBEVLEBBE