Schroder Japan Trust PLC Share buy back programme
26 Febbraio 2024 - 8:00AM
RNS Regulatory News
RNS Number : 3369E
Schroder Japan Trust PLC
26 February 2024
Schroder Japan Trust plc
26 February 2024
Schroder
Japan Trust plc
Share buy
back programme
Schroder Japan Trust plc (the
Company) is amending its disclosure policy to include on a
regulatory information services (RIS) details of its share buy back
powers which it renews annually. It is expected similar
announcements will be made every time the share buy back authority
is renewed.
The Company announces that it has
authority to repurchase a maximum of 17,206,166 of its ordinary
shares (being its outstanding shareholder authority). Such
authority lasts until the next shareholder authority granted, or
where expressly revoked by shareholders. The buy back may be funded
from the Company's resources. No maximum consideration payable has
been determined by the Company, but the Company is unable to pay a
price for any shares pursuant to the buy back which would equate to
a premium on the net asset value.
The Company has appointed J.P.
Morgan Securities plc to act as its broker in respect of the buy
back.
The buy back will be undertaken
pursuant to the Company's discount management programme.
This arrangement is in accordance
with Chapter 12 of the Financial Conduct Authority's Listing Rules
and the Company's general authority to repurchase
shares.
Enquiries:
Schroder Japan Trust
plc
Schroder Investment Management
Limited
0207 658 3136
Company Secretary
Katherine Fyfe
J.P. Morgan
Cazenove
0207 742 4000
Corporate Broker
William Simmonds
Jérémie Birnbaum
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