In a Strategic Move, BlackRock Throgmorton Trust Purchases 25,000 of Its Own Shares to Be Held in Treasury

In an intriguing move that is bound to pique the interest of market watchers, BlackRock Throgmorton Trust plc, a titan in the world of finance, has purchased 25,000 of its own Ordinary Shares. These shares, bought at an average price of 568.22 pence per share, won’t be returning to the open market anytime soon. Instead, they’ll be held in treasury, tucked away for potential strategic manoeuvres.

Post this astute transaction, set to be settled on 13th May 2025, the company’s issued share capital will stand at 77,916,864 Ordinary Shares. This figure excludes the 25,293,000 shares that are already safe in the company’s treasury chest. These tucked-away jewels aren’t laden with any voting rights. In a significant twist, post settlement, 24.51% of the company’s total issued share capital, which includes the treasury shares, will also be held in treasury.

This intriguing manoeuvre from BlackRock Throgmorton Trust plc, expertly choreographed by Company Secretary Kevin Mayger and his team, undoubtedly places the company in a strategic vantage point in the ever-evolving finance world.