Source - RNS
RNS Number : 8073J
Schroder UK Growth Fund PLC
14 September 2016






                                                                                                                    14 September 2016



Buy-Back Policy



The Board of Schroder UK Growth Fund plc (the "Company") introduced a discount management policy in 2006 which sought to restrict the Company's discount level to around 5 per cent. to net asset value (excluding income) over the long-term. While this target has largely been achieved, with the average discount since its introduction being 5.6%, it has been more difficult to achieve recently. As the Board has indicated in its annual reporting, the target has always been subject to review and amendment by the Board to reflect prevailing market conditions. Following its latest review, the Board has decided that this policy should be replaced by the adoption of the following buy-back policy.


The newly adopted share buy-back policy will seek to operate in the best interests of shareholders by taking into account the relative level of the Company's share price discount when compared with peer group trusts, the absolute level of discount, volatility in the level of discount and the impact from share buy-back activity on the long-term liquidity of the Company's issued shares.


These factors will remain under constant review by the Board and shares purchased accordingly. The Board has been active in the market since the beginning of August and will continue to make market purchases in line with its newly adopted policy.





John Spedding

Schroder Investment Management Limited, Company Secretary                                                        

020 7658 3206


This information is provided by RNS
The company news service from the London Stock Exchange

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