Business
Clarification of intentions re non-US headquarters
Nuveen, through its subsidiary Bidco, has announced a recommended cash acquisition of Schroders plc, with London designated as the combined group's non-US headquarters for at least five years. This clarification addresses statements made in a Bloomberg interview, confirming they are not post-offer undertakings under the Takeover Code. Further details regarding the transaction will be provided in a Scheme Document to be distributed to Schroders Shareholders. Disclaimer*
About this update from Schroders Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION\nFOR IMMEDIATE RELEASE\n12 February 2026\nRecommended Cash Acquisition\nof\nSchroders plc (\"Schroders\")\nby\nPantheon, LLC (\"Bidco\")\na newly incorporated subsidiary of Nuveen, LLC (\"Nuveen\"), a Teachers Insurance and Annuity Association of America (\"TIAA\") company\n \nClarification of Nuveen and Bidco's intentions regarding its non-US headquarters\nThe board of Nuveen and the board of Schroders announced today that they have agreed the terms of a recommended cash acquisition by Bidco to acquire the entire issued and to be issued share capital of Schroders (the \"Announcement\"). Copies of the Announcement are available at https://www.nuveen.com/en-us/nuveen-recommended-offer-for-schroders and http://www.schroders.com/nuveenoffer. Terms used but not defined in this announcement have the meanings given to them in the Announcement.\nThe board of Nuveen and the board of Schroders note the interview given by Richard Oldfield, CEO of Schroders, to Bloomberg Television today and wish to clarify the following: (1) Nuveen and Bidco intend that London will serve as the combined group's non-US headquarters for at least five years from the Effective Date; and (2) that none of the statements made in the interview with Bloomberg Television were \"post-offer undertakings\" for the purposes of Rule 19.5 of the Takeover Code.\nThis announcement has been made with the consent of Nuveen and Bidco.\nEnquiries:\n\n\n\n\nSchroders\n\n\n \n\n\n\n\nKate Graham, Group Company Secretary\nEd Houghton, Group Head of Strategy and Investor Engagement\nBeth Saint, Global Head of Marketing and Communications\n\n\n+44 20 7658 8282\n+44 20 7658 3314\n+44 750 076 4560\n\n\n\n\nBrunswick (Communications Adviser to Schroders)\n\n\n+44 20 7404 5959\n\n\n\n\nCharles Pretzlik\nEd Brown\nSimone Selzer\nRobin Wrench\n\n\n \n\n\n\n\nFurther information\nThis announcement is not intended to and does not constitute or form part of, and should not be construed as, any offer under any applicable legislation or a Takeover Offer to sell or subscribe for or any solicitation or invitation to purchase or subscribe for ...