Combination of BlackRock Throgmorton Trust plc (“THRG” or “the Company”) with BlackRock Smaller Companies Trust plc (“BRSC”)
Following the passing of the special resolution by the Company’s Shareholders on 16 April 2026, the Company has completed its combination with BlackRock Smaller Companies Trust plc and entered members’ voluntary liquidation.
Derek Hyslop and Richard Barker, both licensed insolvency practitioners of Ernst & Young LLP, have been appointed as joint liquidators for this purpose.
All enquiries should be directed to the joint liquidators at:
The Joint Liquidators
BlackRock Throgmorton Trust plc (in liquidation)
Ernst & Young LLP
1 More London Place
London
SE1 2AF
Email: THRG@parthenon.ey.com
FAQs
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On 20 February 2026 the Board of Directors of BlackRock Throgmorton Trust plc (‘THRG’ or the ‘Company’) announced that it had agreed heads of terms with BlackRock Smaller Companies Trust plc (‘BRSC’) for a combination of the assets of the Company with BRSC. At general meetings held on 26 March 2026 and 16 April 2026, the Company’s Shareholders approved the combination and subsequent members’ voluntary liquidation of the Company.
More information on BRSC can be found on its website: https://www.blackrock.com/uk/solutions/investment-trusts/our-range/blackrock-smaller-companies-investment-trust/trust-information
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The Board of the Company announced a pre-liquidation interim dividend of 5.50p per share in respect of the period from 1 December 2025 to 16 April 2026. This dividend was paid to shareholders on 2 April 2026.
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UK shareholders who did not make an election for the Cash Option will receive 0.449103 shares in BRSC (“New BRSC Shares”) per Ordinary Share held in the Company on 17 April 2026.
Shareholders with a registered address outside of, or who are resident in, or a citizen, resident or national of, jurisdictions outside of the UK will not have automatically received New BRSC Shares unless they demonstrated to the Company that receiving these shares did not breach any relevant securities laws.
Shareholders NOT resident in the UK and who did not demonstrate that they were able to receive New BRSC Shares will have their New BRSC Shares issued to the liquidators. The liquidators will arrange for these shares to be sold promptly and return the cash to the overseas shareholder, after deducting the cost incurred in selling the shares, in due course.
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Shareholders who elected for the Cash Option will receive two cash distributions over the coming months. As set out in the Circular, the realisation of the portfolio attributed to the Cash Pool is ongoing, and it is expected that it will take approximately eight weeks to be fully completed (although it may take longer).
To the extent the pool takes longer to realise, an initial cash payment to Cash Electors is expected to be made once 75% of the portfolio has been realised. The second payment to Cash Electors will be made once the portfolio realisation is complete.
An update on the proportion of the Cash Pool portfolio which has been realised will be published via RNS each week on a Friday. This will include the split of cash and equities held by the Company. Shareholders can find this information under the London Stock Exchange ticker THRB which has been created for the Cash Pool share class.
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Shareholders should contact the registrar for THRG, Computershare at:
Email: web.enquiries@computershare.co.uk
Post: Computershare Investor Services, The Pavilions, Bridgewater Road, Bristol, BS99 6AH
