29th Dec 2005 14:52
Schroders PLC29 December 2005 Schroders plc (Schroders) announces that it has put in place an irrevocable,non-discretionary programme allowing Schroders to buy back its non-votingordinary shares of £1 each during the close period which precedes thepreliminary results announcement on 21st February 2006. Any purchases will beeffected during the period between 1 January 2006 and 20th February 2006 withincertain pre-set parameters and will be in accordance with Schroders' generalauthority to repurchase its non-voting shares and in accordance with Chapter 12of the Listing Rules. Consequently the maximum price payable will be limited tono more than 105 per cent of the average middle market closing price ofSchroders non-voting shares for the 5 dealing days preceding the date Ofpurchase. Any shares repurchased will be cancelled. In announcing this Schroders confirmsthat, currently it has no unpublished price sensitive information. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Schroders