Transaction in Own Shares

RNS Number : 6608J

Schroders PLC

01 July 2011

 

Schroders plc

1 July 2011

Schroders plc

Schroders plc - Transactions in Own Shares

Schroders plc (the "Company") announces that it has commenced a non-discretionary programme to purchase up to 350,000 non-voting ordinary shares during its close period which commences on 4 July 2011 and is scheduled to end on 4 August 2011. Any shares purchased will be held as treasury shares.

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 repurchase shares and Chapter 12 of the Listing Rules which requires that the maximum price paid be limited to no more than 5 per cent above the average market value for the shares as derived from the London Stock Exchange Daily Official List for the five business days immediately prior to such purchase.

The Company confirms that it currently has no unpublished price sensitive information.

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