Key facts
- Schroders chair Dame Elizabeth Corley is expected to leave her role following the completion of Nuveen's acquisition.
- The acquisition of Schroders by Bidco, a subsidiary of Nuveen, is proceeding as planned.
- All antitrust and regulatory conditions for the deal have been met.
- The Court Sanction Hearing for the acquisition is scheduled for September 29, 2026.
- The acquisition is expected to become effective on October 1, 2026.
- Schroders shares are expected to be delisted from the London Stock Exchange on October 2, 2026.
Dame Elizabeth Corley, chair of Schroders since 2022, is expected to depart the UK asset manager following the completion of its acquisition by Nuveen. The landmark takeover deal, initially announced on February 12, 2026, is progressing towards its expected effective date of October 1, 2026.
All necessary antitrust and regulatory approvals for the transaction have been secured. The scheme of arrangement, which will implement the acquisition, is scheduled for a Court Sanction Hearing on September 29, 2026. Following this, and subject to remaining conditions, the scheme is anticipated to become effective on October 1, 2026.
Consequently, the last day for trading Schroders shares on the London Stock Exchange's Main Market is expected to be September 30, 2026. Trading suspension is slated for October 1, with the cancellation of the company's listing expected by October 2, 2026. Payment of cash consideration to Schroders shareholders is expected within 14 days of the scheme becoming effective.