Partial Withdrawal of Letter of Intent

RNS Number : 7796A

Schroders PLC

04 February 2022

 

Letter of Intent: Acquisition of Air Partner plc and disposal by the Company of Wheels Up UK Limited

On 27^th January 2022, Schroder Investment Management Limited provided a Letter of Intent regarding its intentions in relation to 6,900,000 shares.

In accordance with The City Code on Takeovers and Mergers, Rule 2.11 (d)(i), we advise that, subject to clause 2.6 of the letter of intent, we have disposed of a further 3,135,000 shares, and are no longer in a position to accept or procure the acceptance of the Offer, in relation to 4,185,000 shares.

Ibraheem Mir

Compliance Analyst

Schroders Group Compliance

T: [phone]

E: [e-mail]

 

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