BlackRock Institutions Spruce Up Treasury, Invest in Their Own Shares

In a shrewd financial move, the Throgmorton Trust and the Smaller Companies Trust, both operating under the global asset management powerhouse known as BlackRock, have purchased significant numbers of their own shares, with the intention of holding them in their treasury. This manoeuvre forms part of their strategy to further inflate the supply of shares they have at their disposal, offering a robust financial cushion for a rainy day.

On 20 May 2025, The Throgmorton Trust announced its purchase of 25,000 of its own Ordinary Shares at an average price of 577.13 pence per share. Swiftly followed on 28 May by another instalment, this time buying up 50,000 Ordinary Shares at 569.42 pence average price per share. Post-settlement, the issued share capital of the Throgmorton Trust will stand at 77,776,864 and 77,621,864 Ordinary Shares respectively. However, it’s key to remember, these shares will not carry any voting rights.

The purchases by these BlackRock entities mirror a wider trend in the finance sector, with an increasing number of firms showing interest in buying back their own shares. A strategy that’s not only conversation-worthy for city economists but a calculated financial step towards future robustness.