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BlackRock Smaller Companies Trust plc (BRSC) Ordinary 25p Shares

Sell:1,218.00p Buy:1,226.00p 0 Change: 20.00p (1.61%)
FTSE 250:2.36%
Market closed |  Prices as at close on 19 March 2026 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

BlackRock Smaller Companies Trust plc Ordinary 25p Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 6 Mar 2026)

BlackRock Smaller Companies Trust plc is offering to buy up to 28% of its shares at an implied discount to the net asset value (NAV) per share of approximately 1% on the Calculation Date. This is called a tender offer.

 

The tender offer is only available to those holding shares as of close of business on 19 February 2026. This allows time for any outstanding trades to settle by the record date of 23 February 2026.

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 28% of your shareholding. You can ask to sell more or less than this, but you might not successfully sell all the shares you tender above this entitlement.

 

If you don’t want to sell any shares, you don’t need to do anything.

 

Tender my shares – Act by noon on Tuesday 24 March 2026

 

Any shares you ask to sell will be removed from your portfolio from 24 March 2026. Any shares not successfully sold will be returned to your account around the same time as you receive cash from shares successfully sold.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Sell:1,218.00p
Buy:1,226.00p
Change: 20.00p (1.61%)
Deal now Deal for just £6.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 19 March 2026 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

BlackRock Smaller Companies Trust plc Ordinary 25p Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 6 Mar 2026)

BlackRock Smaller Companies Trust plc is offering to buy up to 28% of its shares at an implied discount to the net asset value (NAV) per share of approximately 1% on the Calculation Date. This is called a tender offer.

 

The tender offer is only available to those holding shares as of close of business on 19 February 2026. This allows time for any outstanding trades to settle by the record date of 23 February 2026.

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 28% of your shareholding. You can ask to sell more or less than this, but you might not successfully sell all the shares you tender above this entitlement.

 

If you don’t want to sell any shares, you don’t need to do anything.

 

Tender my shares – Act by noon on Tuesday 24 March 2026

 

Any shares you ask to sell will be removed from your portfolio from 24 March 2026. Any shares not successfully sold will be returned to your account around the same time as you receive cash from shares successfully sold.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Sell:1,218.00p
Buy:1,226.00p
Change: 20.00p (1.61%)
Market closed |  Prices as at close on 19 March 2026 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

BlackRock Smaller Companies Trust plc Ordinary 25p Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 6 Mar 2026)

BlackRock Smaller Companies Trust plc is offering to buy up to 28% of its shares at an implied discount to the net asset value (NAV) per share of approximately 1% on the Calculation Date. This is called a tender offer.

 

The tender offer is only available to those holding shares as of close of business on 19 February 2026. This allows time for any outstanding trades to settle by the record date of 23 February 2026.

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 28% of your shareholding. You can ask to sell more or less than this, but you might not successfully sell all the shares you tender above this entitlement.

 

If you don’t want to sell any shares, you don’t need to do anything.

 

Tender my shares – Act by noon on Tuesday 24 March 2026

 

Any shares you ask to sell will be removed from your portfolio from 24 March 2026. Any shares not successfully sold will be returned to your account around the same time as you receive cash from shares successfully sold.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Deal now Deal for just £6.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
1,218.00p
Trade high:
1,248.00p
Year high:
1,436.00p
Estimated NAV:
1,449.41
Previous close:
1,242.00p
Trade low:
1,213.92p
Year low:
1,086.00p
Premium/Discount:
-14.31%
Previous:
10.00p (0.80%) Previous:
10.00p
Volume:
56,058
Dividend yield:
3.60%
Currency:
GBX
Data delayed by at least 15 minutes.

Share chart Chart

Price

  • Net Asset Value (NAV)
BLACKROCK SML performance chart

The chart is based on estimated NAV but will be updated with actual NAV when available.

Premium/Discount

BLACKROCK SML performance chart
Full interactive share price and premium / discount charts

Performance

1 week 1W 3.17% 1 year 1Y 3.78%
1 month 1M 11.06% 2 years 2Y 7.84%
3 months 3M 6.14% 3 years 3Y 4.68%
6 months 6M 4.68% 5 years 5Y 29.93%

Performance figures are based on the previous close price. Past performance is not an indication of future performance.

Trust Basics

Benchmark: Deutsche Numis SC Pl AIM ExIvt Cm TR GBP
Annual management charge: n/a
Performance fee: No
Ongoing charge: 0.80%
Dividend yield: 3.60%
Dividend frequency: Quarterly
Total assets: £623m
Gross gearing: 7%
Market capitalisation:Market cap.: £495m
Shares in issue: 39.81 million
Legal structure Closed Ended Investment Company
Domicile: United Kingdom
ISIN GB0006436108

Dividend information for this stock is not available.

Dividend information for this stock is not available.

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Important Documents



Objective

To achieve its investment objective the Company invests predominantly in UK smaller companies with securities admitted to trading on the Main Market of the London Stock Exchange. The Company may also invest in securities which are listed overseas but have a secondary UK quotation.

NET ASSET VALUE (NAV)

Estimated NAV: 1,449.41p
Latest actual NAV: 1,452.16p
Latest actual NAV date: 18 March 2026
Premium/Discount: -14.31%
12m average Premium/Discount: -12.35%
NAV frequency: Daily
Security Weight
Serco Group plc Ordinary 2p 3.23%
XPS Pensions Group Plc GBP0.0005 3.20%
Integrafin Holdings Plc ORD GBP0.01 3.06%
Great Portland Estates Ord 15 5/19p Shares 3.03%
Boku Inc Ordinary Shares 2.94%
Greencore Group plc Ordinary GBP0.01 2.85%
Tatton Asset Management plc Ord GBP0.20 2.84%
Morgan Sindall Group plc Ordinary 5p 2.83%
SigmaRoc plc Ordinary Shares 1p 2.32%
Pollen Street Group Limited ORD GBP0.01 2.19%
Sector Weight
Financial Services 23.79%
Industrials 22.23%
Basic Materials 13.04%
Consumer Cyclical 10.73%
Technology 9.42%
Real Estate 6.65%
Consumer Defensive 6.46%
Communication Services 6.30%
Healthcare 6.25%
Energy 1.92%
Country Weight
United Kingdom 99.96%
South Africa 2.32%
Germany 1.72%
Spain 1.46%
Canada 1.45%
Lithuania 0.48%

Key Dates

Launch date: 25 March 1973
Financial year end: February
Next AGM: June 2026

Annual & interim reports

Value Assessment

Value Assessment review date: 31 March 2025
Value Assessment next review date: -
Is Assessment of Value required under COLL: No
Outcome of COLL Assessment of Value: n/a
Outcome of PRIN Value Assessment or review: Product expected to provide fair value for reasonably foreseeable period
Other review related to value and or charges: -
Further information: -
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. Dividend data provided by Digital Look. Recent trade data provided by MoneyAM. Trust basics, holding data, key dates, objective and NAV provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.