BlackRock Smaller Companies Trust plc (LSE:BRSC) commences share repurchases on March 3, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 9, 2022. As per the mandate, the company is authorized to repurchase up to 7,319,585 shares, representing 14.99% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.25?

and the maximum price which may be paid for each ordinary share is the higher an amount equal to 5% above the average of the market values for an ordinary share for the five business days immediately preceding the date of the purchase as derived from the Daily Official List of the London Stock Exchange and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for, any number of shares on the trading venue where the purchase is carried out. The shares purchased may either be cancelled or held, sold, transferred or otherwise dealt with as treasury shares. Unless previously revoked or varied, the share repurchase program shall expire at the earliest of the conclusion of the next Annual General Meeting of the company in 2023.

As of February 28, 2022, the company had 48,829,792 shares in issue and had 1,163,731 shares in treasury.