Share buy back programme
26/02/2024 07:00
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240226:nRSZ3369Ea&default-theme=true 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 (mailto:rns@lseg.com) or visit www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy) . END STRFLFIDFRIVFIS