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Schroders PLC (SDR)

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Thursday 28 October, 2021

Schroders PLC

Partial Withdrawal of Letter of Intent

RNS Number : 6142Q
Schroders PLC
28 October 2021
 

 

Letter of Intent: Acquisition of Playtech plc and disposal by the Company of Finalto

 

 

On 17th October 2021, Schroder Investment Management Limited provided a Letter of Intent regarding our intentions in relation to 10,792,688 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 5,300,066 shares, and are no longer in a position to accept or procure the acceptance of the Offer, in relation to those shares.

 

Our intention in respect of 2,140,432 shares, being the remainder, remains as described in the Letter of Intent.

 

 

Ibraheem Mir

Compliance Analyst

Schroders Group Compliance

 

T: +44 207 658 7892

E: [email protected]

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