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Schroder Japan Trust PLC - invests in Japanese stocks - Announces package of dividend and discount management measures following an internal review and after discussion with the company’s largest shareholders. Plans an enhanced dividend policy to pay out 4% of average net asset value in each financial year. This will not in a change to the investment approach and strategy. In addition, proposes a new conditional tender offer mechanism. In the event that the manager does not deliver performance at least in line with the Tokyo Stock Price Index Total Return in sterling terms over a five-year period starting from July 31, then the board will propose a tender offer of 25% of the issued share capital. Further, plans to maintain share buyback policy. Current stock price: 255.20 pence 12-month change: up 16% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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