Expanding Its Treasury Stockpile, BlackRock Smaller Companies Purchases 30,000 of Its Own Shares
BlackRock Smaller Companies Trust plc, a leading name in the financial industry, has raised the stakes by purchasing 30,000 of its own Ordinary Shares. These shares, acquired at a noteworthy average price of 1,332.76 pence per share, are destined to boost the Company’s treasury. This bold move underscores the Company’s commitment to fortify its financial position.
Following the settlement of this purchase on 29 July 2025, the issued share capital of the Company will rise to 42,217,792 Ordinary Shares. This figure excludes the 7,775,731 shares that are already held in treasury. Notably, shares held in treasury do not carry any voting rights. The total calculated to be held in treasury post-settlement amounts to 15.55% of the Company’s total issued share capital that rounds up to 49,993,523 Ordinary Shares, including treasury shares.
Graham Venables, the Company Secretary of BlackRock Investment Management, is handling all enquiries related to this strategic purchase.
- •Transaction in Own Shares investegate.co.uk25-07-2025