Strategic Equity Capital PLC (SEC) has announced the purchase of 75,000 of its own ordinary shares at a price of 385.312p per share, in a transaction conducted in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. The shares will be held in Treasury and carry no voting rights. Following the buyback, the company's total voting rights stand at 30,358,804, a figure shareholders must use as the denominator when calculating notifiable interests under FCA rules. The transaction was disclosed on 9 November 2026.

Key Points

  • Strategic Equity Capital PLC (SEC) is an investment trust focused on UK smaller companies
  • The company purchased 75,000 ordinary shares of 10p each at 385.312p per share, to be held in Treasury
  • Total issued share capital stands at 54,018,710 shares; Treasury shares total 23,659,906 with no voting rights
  • Investors should monitor further buyback activity and any changes to the Treasury share position

SEC Purchases 75,000 Ordinary Shares of 10p Each at 385.312p for Treasury

Strategic Equity Capital PLC confirmed it purchased 75,000 ordinary shares of 10p each at a price of 385.312p per share on 9 November 2026. The transaction was carried out in line with the FCA's Disclosure Guidance and Transparency Rules, which require listed companies to disclose transactions in their own securities promptly. The acquired shares will be held in Treasury, meaning they remain part of the total issued share capital but confer no voting rights. The company did not disclose the aggregate cost of this transaction in the announcement.

Treasury Holdings Now Represent 43.8% of SEC's Total Issued Share Capital

Following this buyback, Strategic Equity Capital's total issued share capital stands at 54,018,710 ordinary shares. Of these, 23,659,906 shares are held in Treasury and carry no voting rights, leaving 30,358,804 shares with active voting rights. Treasury shares now account for a substantial proportion of total issued capital, reflecting an ongoing capital management strategy. For shareholders in SEC, the voting rights denominator of 30,358,804 is the relevant figure required when determining whether a notifiable interest or a change in interest must be disclosed to the FCA under its transparency rules.

FCA Denominator Figure of 30,358,804 Governs SEC Shareholder Disclosure Obligations

The announcement explicitly highlights that the total voting rights figure of 30,358,804 serves as the denominator for shareholder calculations under the FCA's Disclosure Guidance and Transparency Rules. Any shareholder whose holding crosses certain percentage thresholds relative to this denominator is required to notify their interest or any change to it. This is a standard but important disclosure obligation for investors holding or accumulating meaningful stakes in Strategic Equity Capital PLC, particularly given the sizeable gap between total issued shares and total voting shares resulting from the company's Treasury position.