BlackRock: Making Strategic Moves by Buying Back its Own Shares to Bolster Treasury

BlackRock, the globally recognised investment manager, has embarked on a strategic initiative involving the purchase of its own shares for two of its trusts: Throgmorton Trust PLC and World Mining Trust PLC. Designed to consolidate the company’s stock control while enhancing its treasury stock, this move has drawn the attention of finance-savvy observers.

On the 01st of April, 2025, the Throgmorton Trust announced the acquisition of 50,000 of its ordinary shares at an average price of 542.14 pence per share. Just a few days later, the trust purchased an additional 25,000 ordinary shares at an average price of 525.48 pence per share. This brought the total treasury shares count to an impressive 24,688,000, thus leaving 78,521,864 ordinary shares in the circulation, making up roughly 76% of the total share capital.

In both cases, the shares held in treasury do not carry any voting rights. These acquisitions are expected to fortify the trusts’ strategic market positions, as well as indicating a confident outlook in BlackRock’s business strategy. The market is advised, to exclude any shares held in treasury when determining interest or changes in interest in the company.