Richard Oldfield
Group CEO & Director
Good morning, everyone. It’s great to see so many familiar faces at our annual results 2025. Thanks for investing your time with us this morning. Not really a normal annual results presentation. But importantly, I hope you have all read the results that we put out because I am really proud of the amazing results that we delivered for the first year of a 3-year transformation program. We’ve shown we can do what we told you we would do and deliver against the plan, and we’ve got conviction in what we’re doing.
It’s been pleasing to see the momentum that we can see in our building being reflected in our share price. So thank you, everyone, for buying the shares and driving them up 12% so far this year. But I think that’s a real reinforcement that actually the business is coming from a position of strength. But of course, you’ve also seen the quite seismic news of the announcement this morning in relation to the all-cash offer by Nuveen.
But let’s start off by talking about what that really means for our shareholders. So the Schroders Board unanimously is recommending the offer to shareholders. And after a series of approaches by Nuveen, we’ve reached a point where the terms being offered up to GBP 6.12 in cash and dividends represents attractive and importantly, certain value for shareholders. This reflects the combined acceleration in
