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BlackRock Throgmorton Trust plc (THRG) Ordinary 5p Shares

Sell:554.00p Buy:559.00p 0 Change: 4.00p (0.72%)
FTSE 250:0.76%
Market closed |  Prices as at close on 17 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:554.00p
Buy:559.00p
Change: 4.00p (0.72%)
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 17 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:554.00p
Buy:559.00p
Change: 4.00p (0.72%)
Market closed |  Prices as at close on 17 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.

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%.
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%

Fee Structure

Annual management fee is 0.35% p.a. on gross assets. Performance fee is 15% of the outperformance of the NAV total return against the benchmark index. The contract is terminable on 6 months notice.

Dividend Policy

The Company pays dividends on a half yearly basis in the month of April and August. The amount of dividends and future dividend growth will depend on the performance of the underlying portfolio of Company. Any change in the tax treatment of the dividends or interest received by the Company may reduce the level of dividends received by shareholders.

ASSET SPLIT

Total number of holdings: 103.

Trust Manager

Dan Whitestone

Manager Bio

Daniel Whitestone is a member of the UK Equity team in the Fundamental Equity division of BlackRock's Alpha Strategies Group. He is responsible for researching the travel and leisure sector. His service with the firm dates back to 2013. Prior to joining BlackRock, he worked for UBS, where he was the head of the UK small and mid-cap sales desk and ranked the number one salesperson in the Extel Small/Mid-Cap sales ratings in 2011 and 2012. Prior to working at UBS, he joined Noble and Co in 2006 as a UK small and mid-cap salesman. He began his career at Accenture, in 2003 as a strategy consultant. Dan has a degree in Combined Studies.

Board Of Directors

James WillChairman, Louise Nash, Nigel Burton, Angela Lane, Merryn Webb

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. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are 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'.