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BlackRock Throgmorton Trust plc (THRG) Ordinary 5p Shares

Sell:533.00p Buy:540.00p 0 Change: 5.00p (0.93%)
FTSE 250:0.77%
Market closed |  Prices as at close on 20 March 2026 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Scheme of Arrangement

BlackRock Throgmorton Trust plc Ordinary 5p Shares

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 4 Mar 2026)

The board of BlackRock Throgmorton Trust plc (THRG) is proposing to wind up the company via a scheme of reconstruction. Under the terms of the scheme, holders of THRG shares have been offered BlackRock Smaller Companies Trust plc (BRSC) shares in place of their holding. If you do not want to receive BRSC shares, you have the option to elect to receive cash instead.

You have two options to consider before our deadline of noon on Wednesday 8 April 2026.

 

What are my options?

 

Option 1 - Rollover into BlackRock Smaller Companies Trust plc (DEFAULT). You can rollover your holding and receive BRSC shares. If you would like this option you do not need to take any action.

 

Option 2 - Cash option. As an alternative to BRSC shares, you can instead elect to receive cash in place of all or part of your holding. The cash option is subject to a limit of 38% of the company’s issued share capital, meaning if you elect to receive cash for more than 38% of your shares, your election may be scaled back and you may receive the default terms (BRSC shares) for some of your shares instead. Please note that the record date for this option is 23 February 2026, meaning that you must have held THRG shares on this date to be eligible for the cash offer.

 

Information on how entitlements under the above two options will be calculated is provided in the frequently asked questions sent by post / secure message.

 

Elect for cash – Act by noon Wednesday 8 April 2026

 

Before making an election for cash we recommend you read the full details of the scheme which can be found at https://www.blackrock.com/uk/solutions/investment-trusts/our-range/blackrock-throgmorton-investment-trust/trust-information#.

 

If the proposals are approved, they will become effective on 16 April 2026. The new BRSC shares are due from 17 April 2026. The cash resulting from option 2 is due as soon as practicable following the effective date.

 

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 and not on the summary information outlined above.

×
Sell:533.00p
Buy:540.00p
Change: 5.00p (0.93%)
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 20 March 2026 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Scheme of Arrangement

BlackRock Throgmorton Trust plc Ordinary 5p Shares

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 4 Mar 2026)

The board of BlackRock Throgmorton Trust plc (THRG) is proposing to wind up the company via a scheme of reconstruction. Under the terms of the scheme, holders of THRG shares have been offered BlackRock Smaller Companies Trust plc (BRSC) shares in place of their holding. If you do not want to receive BRSC shares, you have the option to elect to receive cash instead.

You have two options to consider before our deadline of noon on Wednesday 8 April 2026.

 

What are my options?

 

Option 1 - Rollover into BlackRock Smaller Companies Trust plc (DEFAULT). You can rollover your holding and receive BRSC shares. If you would like this option you do not need to take any action.

 

Option 2 - Cash option. As an alternative to BRSC shares, you can instead elect to receive cash in place of all or part of your holding. The cash option is subject to a limit of 38% of the company’s issued share capital, meaning if you elect to receive cash for more than 38% of your shares, your election may be scaled back and you may receive the default terms (BRSC shares) for some of your shares instead. Please note that the record date for this option is 23 February 2026, meaning that you must have held THRG shares on this date to be eligible for the cash offer.

 

Information on how entitlements under the above two options will be calculated is provided in the frequently asked questions sent by post / secure message.

 

Elect for cash – Act by noon Wednesday 8 April 2026

 

Before making an election for cash we recommend you read the full details of the scheme which can be found at https://www.blackrock.com/uk/solutions/investment-trusts/our-range/blackrock-throgmorton-investment-trust/trust-information#.

 

If the proposals are approved, they will become effective on 16 April 2026. The new BRSC shares are due from 17 April 2026. The cash resulting from option 2 is due as soon as practicable following the effective date.

 

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 and not on the summary information outlined above.

×
Sell:533.00p
Buy:540.00p
Change: 5.00p (0.93%)
Market closed |  Prices as at close on 20 March 2026 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Scheme of Arrangement

BlackRock Throgmorton Trust plc Ordinary 5p Shares

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 4 Mar 2026)

The board of BlackRock Throgmorton Trust plc (THRG) is proposing to wind up the company via a scheme of reconstruction. Under the terms of the scheme, holders of THRG shares have been offered BlackRock Smaller Companies Trust plc (BRSC) shares in place of their holding. If you do not want to receive BRSC shares, you have the option to elect to receive cash instead.

You have two options to consider before our deadline of noon on Wednesday 8 April 2026.

 

What are my options?

 

Option 1 - Rollover into BlackRock Smaller Companies Trust plc (DEFAULT). You can rollover your holding and receive BRSC shares. If you would like this option you do not need to take any action.

 

Option 2 - Cash option. As an alternative to BRSC shares, you can instead elect to receive cash in place of all or part of your holding. The cash option is subject to a limit of 38% of the company’s issued share capital, meaning if you elect to receive cash for more than 38% of your shares, your election may be scaled back and you may receive the default terms (BRSC shares) for some of your shares instead. Please note that the record date for this option is 23 February 2026, meaning that you must have held THRG shares on this date to be eligible for the cash offer.

 

Information on how entitlements under the above two options will be calculated is provided in the frequently asked questions sent by post / secure message.

 

Elect for cash – Act by noon Wednesday 8 April 2026

 

Before making an election for cash we recommend you read the full details of the scheme which can be found at https://www.blackrock.com/uk/solutions/investment-trusts/our-range/blackrock-throgmorton-investment-trust/trust-information#.

 

If the proposals are approved, they will become effective on 16 April 2026. The new BRSC shares are due from 17 April 2026. The cash resulting from option 2 is due as soon as practicable following the effective date.

 

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 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:
542.00p
Trade high:
547.00p
Year high:
669.00p
Estimated NAV:
645.45
Previous close:
540.00p
Trade low:
532.47p
Year low:
454.50p
Premium/Discount:
-14.63%
Previous:
11.00p (2.00%) Previous:
11.00p
Volume:
81,369
Dividend yield:
4.58%
Currency:
GBX
Data delayed by at least 15 minutes.

Share chart Chart

Price

  • Net Asset Value (NAV)
BR.THROG.TRUST performance chart

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

Premium/Discount

BR.THROG.TRUST performance chart
Full interactive share price and premium / discount charts

Performance

1 week 1W 3.74% 1 year 1Y 2.17%
1 month 1M 17.81% 2 years 2Y 6.57%
3 months 3M 12.2% 3 years 3Y 4.59%
6 months 6M 8.16% 5 years 5Y 30.23%

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

Trust Basics

Benchmark: Deutsche Numis SCPlus AIM Ex InCo TR USD
Annual management charge: n/a
Performance fee: Yes
Ongoing charge: 0.54%
Dividend yield: 4.58%
Dividend frequency: Semi-Annually
Total assets: £584m
Gross gearing: 20%
Market capitalisation:Market cap.: £413m
Shares in issue: 75.03 million
Legal structure Closed Ended Investment Company
Domicile: United Kingdom
ISIN GB0008910555

Dividend information for this stock is not available.

Dividend information for this stock is not available.

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Important Documents



Objective

The objective is to provide shareholders with long term capital growth and an attractive total return through investment primarily in UK smaller and mid-cap companies traded on the LSE. Company may hold up to 15% of its GA, in securities of companies which are listed or traded on a stock exchange outside the UK. In normal circumstances, company will likely hold a mixture of long and short CFDs and/or comparable equity derivatives that would result in a typical net market exposure of between 100% and 115%.In extremis, the Company could deploy the full 30% of permissible leverage into short CFDs and/or comparable equity derivatives, thereby reducing its overall net market exposure to 70%.

NET ASSET VALUE (NAV)

Estimated NAV: 645.45p
Latest actual NAV: 646.02p
Latest actual NAV date: 18 March 2026
Premium/Discount: -14.63%
12m average Premium/Discount: -9.85%
NAV frequency: Daily
Security Weight
Short Cfd Positions (Various) - Cash Offset 5.79%
XPS Pensions Group Plc GBP0.0005 3.45%
Serco Group plc Ordinary 2p 3.19%
Rosebank Industries plc ORD NPV 3.11%
Morgan Sindall Group plc Ordinary 5p 2.98%
Boku Inc Ordinary Shares 2.95%
Tatton Asset Management plc Ord GBP0.20 2.82%
Great Portland Estates Ord 15 5/19p Shares 2.55%
Integrafin Holdings Plc ORD GBP0.01 2.45%
IG Group Holdings Plc Ord 0.005p 2.40%
Sector Weight
Industrials 28.23%
Financial Services 26.15%
Technology 12.82%
Basic Materials 10.70%
Consumer Cyclical 10.60%
Healthcare 5.91%
Real Estate 5.70%
Communication Services 4.97%
Consumer Defensive 3.84%
Energy 1.38%
Country Weight
United Kingdom 93.48%
United States 7.32%
Canada 2.40%
Israel 1.98%
Germany 1.20%
Spain 1.11%
South Africa 1.07%
Ireland 0.69%
Italy 0.67%
France 0.55%

Key Dates

Launch date: 1 December 1962
Financial year end: November
Next AGM: March 2027

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'.