Update on Conditions Timetable & Anticipated Board

Summary by AI BETAClose X

Schroders PLC has announced an update regarding the recommended cash acquisition by Pantheon, LLC, a subsidiary of Nuveen, LLC. All antitrust and regulatory conditions for the transaction have been satisfied or waived, with the court sanction hearing scheduled for September 29, 2026. The scheme is expected to become effective on October 1, 2026, with the last day of trading for Schroders shares on the London Stock Exchange anticipated to be September 30, 2026, and trading suspension commencing October 1, 2026. Following the effective date, several non-executive directors are expected to cease their roles, with three new Nuveen representatives appointed to the Schroders Board.

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Companies

Schroders (SDR)
UK 100

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