BlackRock Greater Europe Investment Trust plc (BRGE) has disclosed a director shareholding notification following a transaction by Non-Executive Director Ian Sayers on 3 November 2026. Sayers received 6,000 ordinary shares of 1p each at a price of £5.5421 per share, issued in connection with a scheme of reconstruction of BlackRock Throgmorton Trust plc. The transaction was conducted on the London Stock Exchange and represents an initial notification under the rules governing persons discharging managerial responsibilities. Investors in BRGE may note the cross-trust context, as the shares arose from a corporate restructuring rather than a market purchase.

Key Points

  • BlackRock Greater Europe Investment Trust plc (BRGE), LEI: 5493003R8FJ6I76ZUW55
  • Non-Executive Director Ian Sayers received 6,000 new BRGE ordinary shares at £5.5421 per share on 3 November 2026
  • Shares were issued as part of a scheme of reconstruction of BlackRock Throgmorton Trust plc, not an open-market purchase
  • Investors should watch for further regulatory disclosures relating to the BlackRock Throgmorton reconstruction and any additional PDMR notifications

Ian Sayers Receives BRGE Shares Through BlackRock Throgmorton Trust Reconstruction Scheme

The announcement states that Ian Sayers, a Non-Executive Director of BlackRock Greater Europe Investment Trust plc, received 6,000 new ordinary shares of 1p each at a price of £5.5421 per share. The nature of the transaction is described as new shares issued in connection with a scheme of reconstruction of BlackRock Throgmorton Trust plc, a separate investment trust also managed within the BlackRock fund stable. The transaction took place on 3 November 2026 on the London Stock Exchange and is classified as an initial notification under applicable PDMR disclosure regulations.

Transaction Structure: New Share Issuance Rather Than Open-Market Dealing

The disclosure makes clear that this was a single transaction involving newly issued BRGE shares, rather than shares acquired through the open market. The aggregate transaction value, calculated from the disclosed figures, amounts to shares at £5.5421 each across a volume of 6,000, with the announcement confirming this as a single transaction requiring no further aggregation. The identification code for the instrument is GB00B01RDH75, confirming the ordinary share class of BlackRock Greater Europe Investment Trust plc. The place of transaction is recorded as the London Stock Exchange under the XLON market identifier.

BlackRock Greater Europe Investment Trust and Its Broader BlackRock Context

BlackRock Greater Europe Investment Trust plc is a closed-ended investment company that seeks long-term capital growth primarily through investment in a concentrated portfolio of European equities, excluding the United Kingdom. The trust is managed by BlackRock Investment Management (UK) Limited. The involvement of BlackRock Throgmorton Trust plc — a separate UK smaller companies investment trust also within the BlackRock stable — in generating this share issuance points to a broader corporate restructuring process, the full details of which were not disclosed within this particular PDMR notification.