Director/PDMR Shareholding

RNS Number : 3460A

Schroders PLC

22 September 2022

 

Schroders plc
(the "Company")

Following the Company's announcement on 20 September 2022 that it had completed the simplification of its dual class share structure, the following notifications made under Article 19(1) of the UK Market Abuse Regulation (" MAR ") relate to the impact of the simplification on the shareholdings of the directors of the Company (and persons closely associated with them for the purposes of MAR). The shareholdings of the directors of the Company (and persons closely associated with them) have been treated in the same way under the simplification as the shareholdings of all other shareholders. For the avoidance of doubt, there has been no separate acquisition, disposal or other dealing in the Company by any of the directors (or any persons closely associated with them). This announcement is made in accordance with Article 19(3) of MAR.

22 September 2022

Graham Staples

Company Secretary

Schroders plc

Tel: [phone]

Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them

Schroders plc directors (other than directors who are members of the Principal Shareholder Group)

1	Details of the person discharging managerial responsibilities / person closely associated
a	Name	1.  Peter Harrison (Group Chief Executive) 2.  Richard Keers (Chief Financial Officer) 3.  Dame Elizabeth Corley (Chair) 4.  Ian King (Senior Independent Director) 5.  Sir Damon Buffini (Independent Non-executive Director) 6.  Rhian Davies (Independent Non-executive Director) 7.  Rakhi Goss-Custard (Independent Non-executive Director) 8.  Matthew Westerman (Independent Non-executive Director)
2	Reason for the notification
a	Position / status	Directors
b	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a	Name	Schroders plc
b	LEI	2138001YYBULX5SZ2H24
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a	Description of the financial instrument, type of instrument	Prior to simplification 1.  Ordinary shares of £1 each, with voting rights attached (" Ordinary Shares ") 2.  Ordinary shares of £1 each, without voting rights attached (" Non-Voting Ordinary Shares ") Following simplification 3.  Ordinary shares of 20 pence each, with voting rights attached (" New Ordinary Shares ")
	Identification code	1.  GB0002405495 2.  GB0002395811 3.  GB00BP9LHF23
b	Nature of the transaction	The Company completed the simplification of its dual share class structure on 20 September 2022 and the shares held by directors of the Company were subject to that simplification in the same manner as shares held by all other shareholders. The Company: -      issued 39,886,305 Ordinary Shares to existing holders of Ordinary Shares by way of a bonus issue (representing 3 additional Ordinary Shares for every 17 Ordinary Shares held at 6.00pm on 16 September 2022) (the " Compensatory Bonus Issue "); -  enfranchised its 56,505,600 Non-Voting Ordinary Shares by re-designating them into 56,505,600 Ordinary Shares with full voting rights (the " Enfranchisement "); and -  subsequently sub-divided the Company's total resulting 322,414,305 Ordinary Shares of £1 each into 1,612,071,525 New Ordinary Shares of 20 pence each (the " Sub-Division ").
c	Price(s) and volume(s)		Ordinary Shares received under Compensatory Bonus Issue	Enfranchisement of Non-Voting Shares	Total Ordinary Shares following Enfranchisement and Compensatory Bonus Issue	Total New Ordinary Shares following Sub-Division
		Peter Harrison	1,810	0	12,069	60,345
		Richard Keers	186	0	1,244	6,220
		Dame Elizabeth Corley	1,058	6,000	13,058	65,290
		Ian King	0	2,641	2,641	13,205
		Sir Damon Buffini	0	5,000	5,000	25,000
		Rhian Davies	0	1,000	1,000	5,000
		Rakhi Goss-Custard	118	0	787	3,935
		Matthew Westerman	352	0	2,352	11,760
d	Aggregated information - Aggregated volume	N/A
	- Price	N/A
e	Date of the transaction	20 September 2022
f	Place of the transaction	London Stock Exchange, Main Market (XLON)

Claire Fitzalan Howard

1	Details of the person discharging managerial responsibilities / person closely associated
a	Name	1.  Claire Fitzalan Howard 2.  Vincitas Limited, Veritas Limited, Alster Limited and Treva Limited, each as a trustee company of various trusts settled by the Schroder family of which Claire Fitzalan Howard is a potential beneficiary 3.  Flavida Limited and Fervida Limited, each as a protector company of the trusts noted at 2. above
2	Reason for the notification
a	Position / status	1. Non-executive director of the Company 2 - 3. These companies are persons closely associated with Claire Fitzalan Howard for the purposes of MAR
b	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a	Name	Schroders plc
b	LEI	2138001YYBULX5SZ2H24
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a	Description of the financial instrument, type of instrument	Prior to simplification 1.  Ordinary shares of £1 each, with voting rights attached (" Ordinary Shares ") 2.  Ordinary shares of £1 each, without voting rights attached (" Non-Voting Ordinary Shares ") Following simplification 3.  Ordinary shares of 20 pence each, with voting rights attached (" New Ordinary Shares ")
	Identification code	1.  GB0002405495 2.  GB0002395811 3.  GB00BP9LHF23
b	Nature of the transaction	The Company completed the simplification of its dual share class structure on 20 September 2022 and the shares held by directors of the Company (and persons closely associated with them for the purposes of MAR) were subject to that simplification in the same manner as shares held by all other shareholders. The Company: -  issued 39,886,305 Ordinary Shares to existing holders of Ordinary Shares by way of a bonus issue (representing 3 additional Ordinary Shares for every 17 Ordinary Shares held at 6.00pm on 16 September 2022) (the " Compensatory Bonus Issue "); -  enfranchised its 56,505,600 Non-Voting Ordinary Shares by re-designating them into 56,505,600 Ordinary Shares with full voting rights (the " Enfranchisement "); and -  subsequently sub-divided the Company's total resulting 322,414,305 Ordinary Shares of £1 each into 1,612,071,525 New Ordinary Shares of 20 pence each (the " Sub-Division ").
c	Price(s) and volume(s)		Ordinary Shares received under Compensatory Bonus Issue	Enfranchisement of Non-Voting Shares	Total Ordinary Shares following Enfranchisement and Compensatory Bonus Issue	Total New Ordinary Shares following Sub-Division
		Claire Fitzalan Howard	5,294	0	35,294	176,470
		Vincitas Limited	10,702,217	4,700,023	76,048,131	380,240,655
		Veritas Limited	5,923,860	5,296,563	44,788,961	223,944,805
		Alster Limited	598,883	0	3,992,548	19,962,740
		Treva Limited	40,107	39,567	306,951	1,534,755
		Flavida Limited	10,742,324	4,739,590	76,355,082	381,775,410
		Fervida Limited	6,522,743	5,296,563	48,781,509	243,907,545
		Note: transactions disclosed in respect of Flavida Limited and Fervida Limited are in respect of shareholdings held by Vincitas Limited, Veritas Limited, Alster Limited and/or Treva Limited, trustees of trusts settled by the Schroder family of which Flavida Limited and Fervida Limited are protectors.
d	Aggregated information - Aggregated volume	N/A
	- Price	N/A
e	Date of the transaction	20 September 2022
f	Place of the transaction	London Stock Exchange, Main Market (XLON)

Leonie Schroder

1	Details of the person discharging managerial responsibilities / person closely associated
a	Name	1.  Leonie Schroder 2.  Vincitas Limited, Veritas Limited, Alster Limited and Treva Limited, each as a trustee company of various trusts settled by the Schroder family of which Leonie Schroder or persons closely associated with her are a potential beneficiary 3.  Flavida Limited and Fervida Limited, each as a protector company of the trusts noted at 2. above 4.  Lionel Trustees I Limited and Lionel Trustees II Limited as the trustees of a UK resident trust established by the will of Bruno Lionel Schroder (dec'd) 5.   MEB Investments Limited, CRH Investments Limited and JMF Investments Limited, each an investment company controlled by Lionel Trustees I Limited and Lionel Trustees II Limited
2	Reason for the notification
a	Position / status	1. Non-executive director of the Company 2 - 5. These companies are persons closely associated with Leonie Schroder for the purposes of MAR
b	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a	Name	Schroders plc
b	LEI	2138001YYBULX5SZ2H24
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a	Description of the financial instrument, type of instrument	Prior to simplification 1.  Ordinary shares of £1 each, with voting rights attached (" Ordinary Shares ") 2.   Ordinary shares of £1 each, without voting rights attached (" Non-Voting Ordinary Shares ") Following simplification 3.  Ordinary shares of 20 pence each, with voting rights attached (" New Ordinary Shares ")
	Identification code	1.  GB0002405495 2.  GB0002395811 3.  GB00BP9LHF23
b	Nature of the transaction	The Company completed the simplification of its dual share class structure on 20 September 2022 and the shares held by directors of the Company (and persons closely associated with them for the purposes of MAR) were subject to that simplification in the same manner as shares held by all other shareholders. The Company: -  issued 39,886,305 Ordinary Shares to existing holders of Ordinary Shares by way of a bonus issue (representing 3 additional Ordinary Shares for every 17 Ordinary Shares held at 6.00pm on 16 September 2022) (the " Compensatory Bonus Issue "); -  enfranchised its 56,505,600 Non-Voting Ordinary Shares by re-designating them into 56,505,600 Ordinary Shares with full voting rights (the " Enfranchisement "); and -  subsequently sub-divided the Company's total resulting 322,414,305 Ordinary Shares of £1 each into 1,612,071,525 New Ordinary Shares of 20 pence each (the " Sub-Division ").
c	Price(s) and volume(s)		Ordinary Shares received under Compensatory Bonus Issue	Enfranchisement of Non-Voting Shares	Total Ordinary Shares following Enfranchisement and Compensatory Bonus Issue	Total New Ordinary Shares following Sub-Division
		Leonie Schroder	305,310	50,760	2,086,158	10,430,790
		Vincitas Limited	10,702,217	4,700,023	76,048,131	380,240,655
		Veritas Limited	6,460,836	5,983,749	49,055,995	245,279,975
		Alster Limited	171,219	0	1,141,455	5,707,275
		Treva Limited	40,107	39,567	306,951	1,534,755
		Flavida Limited	10,742,324	4,739,590	76,355,082	381,775,410
		Fervida Limited	6,550,118	5,935,977	49,603,431	248,017,155
		Lionel Trustees I Limited and Lionel Trustees II Limited	43,318	59,310	348,097	1,740,485
		MEB Investments Limited and	269,479	0	1,796,525	8,982,625
		CRH Investments Limited	269,479	0	1,796,525	8,982,625
		JMF Investments Limited	269,479	0	1,796,525	8,982,625
		Note: transactions disclosed in respect of Flavida Limited and Fervida Limited are in respect of shareholdings held by Vincitas Limited, Veritas Limited, Alster Limited and/or Treva Limited, trustees of trusts settled by the Schroder family of which Flavida Limited and Fervida Limited are protectors.
d	Aggregated information - Aggregated volume	N/A
	- Price	N/A
e	Date of the transaction	20 September 2022
f	Place of the transaction	London Stock Exchange, Main Market (XLON)

Note: numbers reported in this announcement are subject to de minimis amendments due to rounding adjustments as a result of the Compensatory Bonus Issue.

 

END

 

 

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