If you would like to ask our webinar guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.

Less Ads, More Data, More Tools Register for FREE
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

Latest Share Chat

Share buy back programme

26 Feb 2024 07:00

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 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
STRFLFIDFRIVFIS

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.