Schroders PLC SDR

Latest Morningstar Commentary
DateAuthor Headline
25/03/2013Holly Cook Schroders' Cazenove Purchase Fuels New Manager Talk
UPDATE: Schroders is to buy Cazenove Capital, fuelling talk of who will replace outgoing manager Richard Buxton
14/01/2013Holly Cook UK Market Loses Momentum Ahead of Bernanke Speech
MONDAY MARKET UPDATE: London-listed shares slipped into the red as investors await news on the health of the US economy

Latest Company News

Regulatory News Abstract
DateType Story
02/05/2013Business Event Result of AGM
At the company's AGM held on 02 May 2013, all the resolutions including special resolutions to authorise the company to make market purchases of its own Ords, and to call a General Meeting of the company other than an AGM not less than 14 clear days' notice, were duly passed
02/05/2013Trading Statement Well positioned for future growth
ce - "We are confident that the business is well positioned for further growth over the long term"
26/04/2013Adviser Change Change of Financial PR Adviser
The company's Financial PR Adviser has been changed from Maitland to Brunswick Group LLP
19/04/2013Acquisition Offer update
The company notes that Cazenove Capital Holdings Ltd has posted the circular relating to the scheme. The scheme document sets out, amongst other things, the full terms and conditions of the scheme, an explanatory statement, notices of the required meetings, a timetable of principal events and a summary of the Loan Note Alternative, Unit Trust Rollover and actions to be taken by Cazenove Capital Holdings Ltd shareholders. The Scheme will be subject to approval of Cazenove Capital Holdings Ltd Shareholders at the Court Meeting and General Meeting to be held on 17 May 2013, followed by the approval of the Court. The satisfaction or waiver of the other conditions set out in the scheme document and final Court approval, the scheme is expected to become effective on or around 2 July 2013
02/04/2013Acquisition Completes acquisition of STW Fixed Income Management
The company announces that its subsidiary, Schroder U.S. Holdings Inc, has completed the acquisition of 100% of the share capital of STW Fixed Income Management LLC, a value-orientated, US investment-grade fixed income manager.
26/03/2013Adviser Change Change of Remuneration Consultant
The company's Remuneration Consultant has been changed from New Bridge Street to Aon Ltd
25/03/2013Acquisition Recommended offer for Cazenove Capital
The company has reached agreement on the terms of the recommended acquisition by the company of the entire issued and to be issued share capital of Cazenove Capital Holdings Ltd. Under the terms of the acquisition, Cazenove Capital Holdings Ltd shareholders will be entitled to receive 135p in cash per Ords. The acquisition values the fully diluted share capital of Cazenove Capital Holdings Ltd at approximately £424m. The Scheme will be subject to approval of Cazenove Capital Holdings Ltd Shareholders at the Court Meeting and General Meeting to be held on 17 May 2013, followed by the approval of the Court.
22/03/2013Business Event Statement regarding possible offer
The company notes the announcement by Cazenove Capital Holdings Ltd concerning a possible offer by the company. The company confirms that it is in discussions regarding a possible cash offer, with loan note alternative, for the entire issued Ords capital of Cazenove Capital. In accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers, the company will have until 19 April 2013 to announce either a firm intention to make an offer for Cazenove Capital or that it does not intend to make an offer for Cazenove Capital. This deadline will only be extended with the consent of Takeover Panel in accordance with the code
20/03/2013Business Event Notice of AGM
At the company's AGM to be held on 02 May 2013, special resolutions to authorise the company to make market purchases of its own Ords, and to call a General Meeting of the company other than an AGM not less than 14 clear days' notice, will be proposed
06/03/2013Trading Statement Confident to deliver value for shareholders
"We are confident that...will continue to deliver value for shareholders"
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