News Insights
During the week leading up to March 18, 2025, BlackRock Smaller Companies Trust Plc (BRSC) reported a series of developments, including multiple transactions involving the buyback of its own shares. The trust purchased a total of 135,000 Ordinary Shares across several transactions at average prices ranging from 1,238.00 pence to 1,264.50 pence per share, indicating a strategic move to hold these shares in treasury. Following these transactions, the issued share capital of the Company now stands at 43,369,792 Ordinary Shares, excluding 6,623,731 shares held in treasury, which does not carry voting rights.
In terms of financial performance, the latest net asset values released on March 14 and March 17 reflect the Company's valuation as follows: on March 14, the NAV was reported at 1,337.04p capital only when including debt at par value, and 1,399.54p including debt at fair value. This shows a positive trend in the trust's asset valuations. Furthermore, shareholders have been updated about total voting rights, with the denominator for interest calculations set at 43,434,792 shares as of March 17, 2025. These activities highlight BlackRock Smaller Companies Trust's ongoing strategy of managing its capital structure and investing in its own shares to potentially enhance shareholder value.
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