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Schroders PLC (SDR)

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Monday 25 October, 2021

Schroders PLC

Partial withdrawl of Letter of Intent

RNS Number : 1693Q
Schroders PLC
25 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 800,963 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 9,401,699 shares, being the remainder, remains as described in the Letter of Intent.

 

 

Taryn Holland

Senior Compliance Manager

Schroders Group Compliance

 

Tel:  +44(0)207 658 2959

e-mail: [email protected]

 

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