Schroder Japan Regulatory News (SJG)

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