7th May 2025 15:00
Schroders plc (the "Company")
The following notification made under Article 19(1) of the UK Market Abuse Regulation ("UK MAR") relates to the acquisition of 126,702 ordinary shares in the Company by Leonie Schroder and certain members of the Company's principal shareholder group ("PSG") to whom Leonie Schroder is connected. This announcement is made in accordance with Article 19(3) of UK MAR.
On 13 March 2025, the Company issued 5,023,417 ordinary shares out of treasury to its Employee Benefit Trust, which will use them to satisfy awards under the Company's employee share schemes. As a result of the dilution resulting from that issuance, the members of the PSG obtained a right pursuant to Note 11 to Rule 9.1 of the Takeover Code to purchase a number of additional ordinary shares in the Company and therefore increasing the aggregate voting rights held by the PSG without triggering an obligation to make a mandatory offer for the Company pursuant to Rule 9 of the Takeover Code.
07 May 2025
Kate Graham
Group Company Secretary
Schroders plc
Tel: 0207 658 8272
Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them
Leonie Schroder
1 | Details of the person discharging managerial responsibilities / person closely associated | |||
a | Name | 1. Leonie Schroder 2. MEB Investments Limited 3. CRH Investments Limited 4. JMF Investments Limited 5. Lionel Trustees (UK) I Limited and Lionel Trustees (UK) II Limited as trustees of a trust established under the will of Bruno Lionel Schroder (dec'd) in which Leonie Schroder has a potential beneficial interest (the "2020 Trust") | ||
2 | Reason for the notification | |||
a | Position / status | 1. Non-executive director of the Company 2 - 5. These companies are persons closely associated with Leonie Schroder for the purposes of UK MAR. | ||
b | Initial notification / Amendment | Initial notification | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a | Name | Schroders plc | ||
b | LEI | 2138001YYBULX5SZ2H24 | ||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||
a | Description of the financial instrument, type of instrument | Ordinary shares of 20 pence each | ||
Identification code | GB00BP9LHF23 | |||
b | Nature of the transaction | Acquisition of ordinary shares of 20 pence each | ||
c | Price(s) and volume(s)
| Price | Volume | |
1. Leonie Schroder | £ 3.33138 | 33,390 | ||
2. MEB Investments Limited | £ 3.33138 | 29,289 | ||
3. CRH Investments Limited | £ 3.33138 | 29,289 | ||
4. JMF Investments Limited | £ 3.33138 | 29,289 | ||
5. 2020 Trust | £ 3.33138 | 5,445 | ||
| ||||
d | Aggregated information - Aggregated volume | 126,702 | ||
- Price | £3.33138 | |||
e | Date of the transaction | 1 May 2025 | ||
f | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||
Related Shares:
Schroders