11
April 2024
SCHRODERS PLC
Pricing of £250,000,000 6.346 per cent.
Subordinated Tier 2 Notes due 18 July 2034
Schroders plc ("Schroders") today announces that it has
successfully priced £250,000,000 6.346 per cent. Subordinated Tier
2 Notes due 18 July 2034 (the "Notes").
A summary of the principal terms of the Notes
is set out below for the purposes of information only and will be
qualified by the more detailed information to be contained in the
Prospectus relating to the Notes (the "Prospectus") which is expected to be
published on 16 April 2024.
· Issuer: Schroders
plc
· Aggregate nominal
amount: £250,000,000
· Status: the Notes
will constitute direct, unsecured, unguaranteed and subordinated
obligations of the Issuer and will rank pari passu, without any preference,
among themselves
· Issue date:
18 April 2024
· Maturity
date: 18 July
2034
· Rate of interest:
6.346 per cent. per annum payable semi-annually, subject to reset
on 18 July 2029 (the "Reset
Date")
· Expected rating of the
Notes: A- (Fitch)
· Optional Redemption:
The Issuer may, in its sole discretion but subject to the
conditions set out in the Prospectus, redeem all (but not some
only) of the Notes from and including 18 April 2029 to and
including the Reset Date at their principal amount together with
any interest accrued and unpaid up to but excluding the date fixed
for redemption.
The Notes are expected to provide additional
financial flexibility to drive the Group's strategic growth agenda
and further strengthen and diversify the Group's sources of capital
and liquidity.
An application is expected to be made for the
Notes to be admitted to trading on the Main Market of the London
Stock Exchange with effect from 19 April
2024.
For further information, please
contact:
Investor Relations: Katie
Wagstaff
+44 (0)20 7658 1985
Katie.Wagstaff@Schroders.com
|
Corporate Communications: Julie Foster
+44 (0)20 7658 4953 Julie.Foster@Schroders.com
|
Press: Simone Selzer
(Brunswick)
+44 (0)20 7404 5959 Schroders@Brunswickgroup.com
|
DISCLAIMER -
INTENDED ADDRESSEES
Please note that the information contained in
the Prospectus (once published) may be addressed to and/or targeted
at persons who are residents of particular countries (specified in
the Prospectus) only and is not intended for use and should not be
relied upon by any person outside these countries and/or to whom
the offer contained in the Prospectus is not addressed. Prior to
relying on the information contained in the Prospectus, you must
ascertain from the Prospectus whether or not you are part of the
intended addressees of the information contained
therein.
In particular, neither this announcement nor
the Prospectus (once published) shall constitute an offer to sell
or the solicitation of an offer to buy securities in the United
States or in any other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration,
exemption from registration or qualification under the securities
law of any such jurisdiction.
The Notes have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act"), or under
the securities laws of any state or other jurisdiction of the
United States of America (the "United States"), and may not be offered
or sold in the United States or to, or for the account or benefit
of, U.S. persons (as defined in Regulation S) unless the Notes are
registered under the Securities Act or an exemption from the
registration requirements of the Securities Act is available. The
Notes are being offered and sold only to non-U.S. persons outside
the United States in reliance upon Regulation S under the
Securities Act ("Regulation
S").
Your right to access this service is
conditional upon complying with the above requirements.