BlackRock Energy and Resources Income Trust plc (BERI), a London-listed investment trust focused on energy and natural resources income, has announced the purchase of 51,000 of its Ordinary Shares at an average price of 166.85 pence per share, to be held in treasury. The transaction, dated 11 November 2026, will settle on 13 November 2026. Following settlement, the number of Ordinary Shares in issue excluding treasury shares will stand at 99,083,254, a figure investors and shareholders must use for regulatory disclosure purposes under FCA rules.

Key Points

  • BlackRock Energy and Resources Income Trust plc (BERI)
  • The company purchased 51,000 Ordinary Shares at an average price of 166.85 pence per share to be held in treasury
  • Following settlement on 13 November 2026, shares in treasury will total 36,502,940, representing 26.92% of total issued share capital of 135,586,194 Ordinary Shares
  • Investors should monitor further buyback activity and use the ex-treasury figure of 99,083,254 for any FCA disclosure threshold calculations

BERI Purchases 51,000 Ordinary Shares at 166.85p Average Price

BlackRock Energy and Resources Income Trust plc confirmed on 11 November 2026 that it purchased 51,000 Ordinary Shares at an average price of 166.85 pence per share. The shares have been acquired to be held in treasury rather than cancelled, a common mechanism used by investment trusts to manage discount to net asset value. The company is managed by BlackRock Investment Management (UK) Limited and operates as an income-focused investment trust with exposure to the energy and natural resources sector, providing investors with access to a diversified range of energy-related assets and income streams.

Treasury Share Position Rises to 36,502,940 Shares, Representing 26.92% of Total Capital

Following settlement of this transaction on 13 November 2026, the total number of shares held in treasury will reach 36,502,940. This represents 26.92% of BERI's total issued share capital of 135,586,194 Ordinary Shares, inclusive of treasury shares. The announcement confirms that treasury shares carry no voting rights, meaning the effective voting share capital is determined solely by the 99,083,254 Ordinary Shares that remain in public circulation. This distinction is important for shareholders assessing their proportional voting interest in the company.

FCA Disclosure Threshold Calculations Must Use 99,083,254 as the Relevant Share Capital Figure

Under the FCA's Disclosure Guidance and Transparency Rules, the market is directed to use the ex-treasury figure of 99,083,254 Ordinary Shares when calculating whether a notification obligation is triggered in respect of interests in BERI's share capital. This regulatory requirement means that any investor approaching or crossing relevant disclosure thresholds must base their calculations on this post-settlement figure. Shareholders and institutional investors with holdings near notification thresholds may wish to review their positions in light of this updated capital figure following settlement.