13th Apr 2006 16:47
Schroders PLC13 April 2006 Schroders plc13 April 2006 Share Buy Back Programme Schroders plc ('Schroders' or the 'Company') announces that it has put in placean irrevocable, non-discretionary programme allowing the Company to buy back itsnon-voting ordinary shares of £1 each during the close period which precedes theannouncement of its first quarter trading update on 16 May 2006. Any purchaseswill be effected during the period between 18 April 2006 and 16 May 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 In announcing this Schroders confirmsthat currently it has no unpublished price sensitive information.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