Blackfinch Spring VCT PLC (BFSP), a venture capital trust focused on supporting early-stage UK businesses, has published its latest total voting rights disclosure as required under FCA Disclosure Guidance and Transparency Rule 5.6.1. As at 31 October 2026, the company's total voting rights stand at 87,786,223 ordinary shares. The company confirms it holds no shares in treasury, meaning the entire issued share capital carries voting rights. This figure serves as the regulatory denominator for shareholders assessing their notification obligations under the FCA's transparency rules.

Key Points

  • Blackfinch Spring VCT PLC (BFSP) — a UK-listed venture capital trust
  • Total voting rights confirmed at 87,786,223 ordinary shares as at 31 October 2026
  • No treasury shares held; the full issued share capital carries voting rights
  • Investors should use this figure as the denominator when calculating FCA disclosure thresholds

Blackfinch Spring VCT Discloses 87,786,223 Ordinary Shares with Full Voting Rights

The announcement, published on 3 November 2026, states that as at 31 October 2026, Blackfinch Spring VCT's share capital consists of 87,786,223 ordinary shares, all of which carry voting rights. The company explicitly confirms that it does not hold any shares in treasury, which means the total number of voting rights in the company equals the total number of issued ordinary shares. This disclosure is made in accordance with DTR 5.6.1, which requires listed companies to notify the market of changes to their total voting rights at the end of each month in which a change has occurred.

How the Regulatory Denominator Affects Shareholder Notification Obligations Under FCA Rules

Under the FCA's Disclosure Guidance and Transparency Rules, shareholders must monitor their proportional holdings relative to the total voting rights in a company and notify the issuer and the FCA when their interest crosses certain percentage thresholds. The figure of 87,786,223 is the denominator shareholders should use to calculate whether their current or changing stake triggers a notification requirement. For a venture capital trust such as Blackfinch Spring VCT, which typically attracts a broad base of retail and institutional investors seeking tax-efficient exposure to UK growth companies, accurate and timely disclosure of this figure is a routine but important compliance step.

Blackfinch Spring VCT's Focus on UK Early-Stage Companies and the VCT Sector Context

Blackfinch Spring VCT operates within the venture capital trust sector, channelling investor capital into qualifying early-stage UK businesses in exchange for tax relief benefits for eligible shareholders. VCTs are subject to specific HMRC qualifying conditions and FCA regulatory requirements, making transparent shareholder communication a central compliance obligation. The company's total voting rights figure has been published without any accompanying update on new investments, net asset value, or financial performance, and no such figures were disclosed in this announcement. Investors monitoring the company's portfolio activity or fundraising progress will need to refer to separate disclosures.