Allspring Global Investments held 19.92% of the voting rights in Baillie Gifford European Growth Trust at 22 October, down from 20.11%, according to a notice published on 27 October. The trust is meanwhile buying back shares each day, most recently 225,000 at 123p on 30 October.

What happened

According to an AI-generated summary on, Allspring's holding stands at 56,289,072 voting rights. The notice records no holding through financial instruments. It does not explain the reason for the change, and the summary should be checked against the original filing.

The trust's own Buybacks continued in the following days. The 30 October notice, again according to the summary, put the purchase at 225,000 ordinary shares, to be held in treasury. Afterwards, 281,383,618 shares were in issue and 121,060,072 were in treasury.

The first page of the trust's listing, which runs back to late September, contained only NAV and buyback notices, the Allspring notice, a closed period confirmation and a voting rights notice. No results or Dividend announcements appeared there.

Baillie Gifford European Growth (LSE:BGEU) is an Investment trust in the financial services sector and a constituent of the FTSE All-Share index. As its name indicates, it focuses on growth investment in European companies.

Why it matters for investors

A single holder with around a fifth of the votes can carry real weight when resolutions are put to shareholders. Any continued reduction also adds to the Supply of shares in the market, although one notice of a change of less than 0.2 percentage points does not establish a trend.

Allspring's percentage implies about 282.6m voting shares at the time of the notice, on our calculation. The count of 281.4m on 30 October suggests that the buyback removed well over 1m shares in about a week. Those are small amounts against the total, but they show the programme working at a steady pace.

Treasury shares now make up about 30% of the shares issued, on the same basis. A programme of that scale has materially reduced the size of the trust, which is one reason why boards generally weigh discount control against scale.

Buying below NAV would add to NAV per share for remaining holders. However, this report cannot confirm the current discount. The 30 October NAV notice was retrieved only as a headline, without figures. The 8.7% discount displayed by ticker.app sat beside a chart labelled June to November 2019, so it is not used as a current measure.

How the shares have performed

Ticker.app showed a close of 122.50p, down 2.79% on the latest session displayed, with no calendar date. The page's latest listed items were from 30 October. No live quote was retrieved today, so the 123p buyback price is the most firmly dated reference.

Over one month the shares had risen 3.7%, and over three months 8.7%, on that snapshot. The Market Capitalisation was £345m.

The 52-week range ran from 91.40p on 23 March 2026 to 133p on 11 August 2026. On our calculation, the 123p price paid on 30 October is about 7.5% below the high and about 35% above the low.

The latest dividend listed by ticker.app was 2.6p for FY23. That is old, so no Yield is given here.

What to watch next

The next step is to look at the NAV figures in the daily notices, which would allow the discount to be measured properly. Investors may also want to look for further holding notices from Allspring.

The buyback notices will show whether the pace continues. The closed period confirmation means that a periodic report should provide detail on holdings and gearing in due course.