Schroders Buys Back 50,000 Own Shares

15th Jul 2010 17:07

LONDON (Dow Jones)--Schroders PLC (SDR.LN), a global asset management company, said Thursday that it acquired 50,000 of its non-voting ordinary shares at an average price of 1029.70827 pence per share. MAIN FACTS: -The purchased shares will all be held as treasury shares. -Shares at 1604 GMT traded at 1215 pence, valuing the company at GBP2.74 billion. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; [email protected] (END) Dow Jones Newswires July 15, 2010 12:07 ET (16:07 GMT)

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