tiprankstipranks
Company Announcements

BlackRock Throgmorton Trust PLC Purchases Own Shares to Hold in Treasury

Story Highlights
BlackRock Throgmorton Trust PLC Purchases Own Shares to Hold in Treasury

BlackRock Throgmorton Trust PLC GBP ( (GB:THRG) ) has provided an announcement.

BlackRock Throgmorton Trust PLC announced the purchase of 125,000 of its own ordinary shares at an average price of 554.94 pence per share to be held in treasury. This transaction will result in 21.93% of the company’s total issued share capital being held in treasury, which will not carry voting rights. The move is part of the company’s strategy to manage its share capital and may impact stakeholder interests by altering the voting power and share value dynamics.

More about BlackRock Throgmorton Trust PLC GBP

YTD Price Performance: -3.34%

Average Trading Volume: 373,899

Technical Sentiment Consensus Rating: Buy

See more data about THRG stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1