BlackRock Energy and Resources Income Trust plc (BERI) has announced the purchase of 55,000 of its Ordinary Shares at an average price of 165.80 pence per share, to be held in treasury. The transaction, disclosed on 9 November 2026, will settle on 11 November 2026. Following settlement, the company's voting share capital will stand at 99,134,254 Ordinary Shares, a figure investors and institutional holders must use when calculating disclosure thresholds under FCA rules.

Key Points

  • BlackRock Energy and Resources Income Trust plc (BERI)
  • The company purchased 55,000 Ordinary Shares at an average price of 165.80 pence per share to be held in treasury
  • Settlement date is 11 November 2026; post-settlement voting share capital will be 99,134,254 Ordinary Shares
  • Investors should watch whether further buyback tranches are announced as treasury holdings rise to 26.88% of total issued capital

BERI Purchases 55,000 Shares at 165.80p Per Share to Hold in Treasury

BlackRock Energy and Resources Income Trust plc announced on 9 November 2026 that it had purchased 55,000 Ordinary Shares at an average price of 165.80 pence per share. The shares are to be held in treasury rather than cancelled, a mechanism commonly used by investment trusts to manage discount to net asset value. The company is managed by BlackRock Investment Management (UK) Limited and focuses on energy and natural resources income strategies. The buyback forms part of ongoing capital management activity disclosed to the market in accordance with FCA Disclosure Guidance and Transparency Rules.

Post-Settlement Share Capital and Treasury Holding Reach 26.88% of Total Issued Shares

Following settlement on 11 November 2026, the company's total issued share capital will comprise 135,586,194 Ordinary Shares including treasury shares. Of that total, 36,451,940 shares will be held in treasury, equating to 26.88% of total issued capital. The voting share capital, which excludes treasury shares, will be 99,134,254 Ordinary Shares. Shares held in treasury carry no voting rights, meaning the effective voting pool available to shareholders is reduced accordingly. This distinction is material for investors assessing their proportional voting influence within the trust.

FCA Disclosure Threshold Calculations Must Use the 99,134,254 Voting Share Figure

The announcement explicitly directs market participants to use the post-settlement figure of 99,134,254 Ordinary Shares — which excludes treasury shares — when determining whether they are required to notify an interest or a change in interest under the FCA's Disclosure Guidance and Transparency Rules. This is a standard regulatory requirement for listed companies and investment trusts operating in the UK. Investors holding positions in BERI who are near a reporting threshold should review their exposure in light of the updated voting share capital figure following the 11 November 2026 settlement date.

BlackRock Investment Management (UK) Administers the Trust's Ongoing Capital Activity

All company enquiries relating to this transaction are directed to Graham Venables, Company Secretary at BlackRock Investment Management (UK) Limited. The trust carries the LEI reference 54930040ALEAVPMMDC31. As an income-focused investment trust operating in the energy and resources sector, BERI's buyback programme represents a routine capital management tool. Investors may be watching whether the pace of treasury purchases continues, particularly given that treasury shares now account for more than a quarter of the trust's total issued share capital.