BlackRock Energy and Resources Income Trust plc (BERI) has announced the purchase of 85,000 of its Ordinary Shares at an average price of 161.54 pence per share, to be held in treasury. The transaction, disclosed on 6 November 2026, will settle on 10 November 2026. Following settlement, the company's shares in treasury will represent 26.84% of its total issued share capital, a figure investors and regulatory reporters will need to account for when calculating voting interests.

Key Points

  • BlackRock Energy and Resources Income Trust plc (BERI)
  • The company purchased 85,000 Ordinary Shares at an average price of 161.54 pence per share to be held in treasury
  • Following settlement on 10 November 2026, the voting share count will stand at 99,189,254 Ordinary Shares, with 36,396,940 held in treasury
  • Investors should monitor whether further buyback activity reduces the freely tradeable share count and affects liquidity

BERI Purchases 85,000 Shares at 161.54p in Latest Treasury Transaction

BlackRock Energy and Resources Income Trust plc confirmed on 6 November 2026 that it has purchased 85,000 Ordinary Shares at an average price of 161.54 pence per share. The shares are to be held in treasury rather than cancelled. The company is managed by BlackRock Investment Management (UK) Limited and operates as a closed-ended investment trust focused on energy and natural resources income. Treasury share purchases of this kind are a common capital management tool for investment trusts seeking to manage discounts to net asset value.

Post-Settlement Share Capital: 99,189,254 Voting Shares Excluding Treasury Holdings

Once the transaction settles on 10 November 2026, BERI's issued share capital will comprise 99,189,254 Ordinary Shares for voting and regulatory disclosure purposes. A total of 36,396,940 shares will be held in treasury following settlement, representing 26.84% of the company's total issued share capital of 135,586,194 Ordinary Shares including treasury holdings. Shares held in treasury carry no voting rights, and the announcement confirms that any party reporting interests under FCA Disclosure Guidance and Transparency Rules should use the 99,189,254 figure as the relevant denominator.

FCA Transparency Rules Require Investors to Use Post-Settlement Voting Share Figure

The announcement explicitly directs market participants to use the post-settlement figure of 99,189,254 Ordinary Shares when assessing whether they are required to notify a change in their interest under the FCA's Disclosure Guidance and Transparency Rules. This is a standard regulatory obligation following treasury share transactions. Shareholders near disclosure thresholds should review their positions in light of the revised voting share count, as the exclusion of 36,396,940 treasury shares materially changes the denominator used for percentage calculations. Enquiries have been directed to company secretary Graham Venables at BlackRock Investment Management (UK) Limited.