Transaction in Own Shares

RNS Number : 8709W

Schroders PLC

03 January 2014

 

Schroders plc - Transactions in Own Shares

Schroders plc (the "Company") announces that it will commence a non-discretionary programme to purchase up to 189,470 non-voting ordinary shares ("Shares") during its close period which commences on 6 January 2014 and is scheduled to end on 6 March 2014.  Any Shares purchased will be cancelled.

The buy back programme will be managed by an independent third party, which makes its trading decisions independently of, and uninfluenced by, the Company.

Any acquisitions will be effected within certain pre-set parameters, and in accordance with both the Company's general authority to purchase shares and Chapter 12 of the Listing Rules which requires that the maximum price paid be limited to the higher of (i) the price that is 5 per cent. above the average of the middle market price of the Shares, as derived from the London Stock Exchange Daily Official List, for the five business days immediately prior to such purchase and (ii) the higher of the price of the last independent trade and the highest current independent bid on the London Stock Exchange at the time the purchase is carried out.

The Company confirms that it currently has no unpublished price sensitive information.

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