Business
Results of Court Meeting and General Meeting
Schroders PLC announced that at both the Court Meeting and General Meeting held today, the necessary majority of shareholders voted in favour of the recommended cash acquisition by Pantheon, LLC, a subsidiary of Nuveen, LLC. Specifically, 99.92% of Scheme Shares voted FOR the resolution at the Court Meeting, representing 71.03% of eligible shares, and 99.93% of votes were FOR the Special Resolution at the General Meeting. These positive voting outcomes satisfy key conditions for the acquisition, moving the process closer to completion, subject to court sanction and other remaining conditions. 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\n16 April 2026\nRECOMMENDED CASH ACQUISITION\nOF SCHRODERS plc (\"SCHRODERS\")\nBY PANTHEON, LLC (\"BIDCO\")\na newly incorporated subsidiary of Nuveen, LLC (\"Nuveen\"), a Teachers Insurance and Annuity Association of America (\"TIAA\") company\nto be effected by means of a Scheme of Arrangement\nunder Part 26 of the Companies Act 2006\nResults of Court Meeting and General Meeting\nOn 12 February 2026, the boards of directors of Schroders and Nuveen announced that they had reached agreement on the terms of a recommended cash acquisition for the entire issued and to be issued share capital of Schroders (the \"Acquisition\"), to be implemented by way of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the \"Scheme\"). On 12 March 2026, Schroders published a scheme document in connection with the Acquisition, setting out the terms and conditions of the Scheme (the \"Scheme Document\").\nSchroders is pleased to announce that at the Court Meeting and General Meeting held earlier today in connection with the Acquisition:\n(A) the requisite majority of Scheme Shareholders voted in favour of the resolution to approve the Scheme at the Court Meeting; and\n(B) the requisite majority of Schroders Shareholders voted in favour of the Special Resolution to implement the Scheme, including the amendment of Schroders' Articles of Association, at the General Meeting.\nDetails of the resolutions passed are set out in the notices of the Court Meeting and the General Meeting contained in Parts IX and X of the Scheme Document, respectively.\nCapitalised terms used in this announcement shall, unless otherwise defined, have the meanings set out in the Scheme Document.\nVoting results of the Court Meeting\nThe table below sets out the results of the poll conducted at the Court Meeting. Each Scheme Shareholder, present (in person or by proxy), was entitled to one vote per Scheme Share held at the Voting Record Time.\n\n\n\n\nResults of Court Meeting\n\n\nScheme Shares voted\n\n\nScheme Shareholders who voted**\n\n\nNo. of Scheme Shares voted as a % of the Scheme...