Share buyback programme

RNS Number : 9562H

Quilter PLC

30 March 2020

 

FOR IMMEDIATE RELEASE

30 March 2020

Quilter plc

Share buyback programme

On 11 March 2020, Quilter plc (the Company) announced that it was commencing a share buyback programme (the Programme) to purchase shares with a value of up to £375 million subject to remaining within certain pre-set parameters in order to reduce the share capital of the Company.  The period for the initial tranche of the Programme was originally announced as commencing on 11 March 2020 and ending no later than 6 May 2020. The Company has subsequently decided to extend the period for the Programme until no later than 29 May 2020. This is to provide additional flexibility in administering the programme during volatile markets.

At close of business on 27 March 2020, the Company had purchased 25,361,732 shares for an aggregate consideration of £27,887,873, representing 14,849,885 shares conducted through the UK Buyback and 10,511,847 shares conducted through the SA Buyback.

Enquiries:

John-Paul Crutchley - Head of Investor Relations	Tel: [phone]
Jane Goodland - Corporate Affairs Director	Tel: [phone]
Patrick Gonsalves - Company Secretary	Tel: + 44 (0)73 9186 7081

About Quilter plc:

Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees £110.4 billion in customer investments (as at 31 December 2019).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions; and discretionary fund management.

The business is comprised of two segments: Advice and Wealth Management and Wealth Platforms.

Advice and Wealth Management encompasses the financial planning businesses, Quilter Financial Planning, Quilter Private Client Advisers and Quilter Financial Advisers; the discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business. Wealth Platforms includes the Old Mutual Wealth UK Platform and Quilter International.

Since its IPO in June 2018, the Group's businesses have progressively re-branded to Quilter. The UK Platform will be the final business to rebrand; this will follow the safe delivery of the new platform technology. Descriptor for re-branded business units:

Previous	New
Intrinsic	Quilter Financial Planning
Old Mutual Wealth Private Client Advisers	Quilter Private Client Advisers
Quilter Investors	Quilter Investors
Quilter Cheviot	Quilter Cheviot
UK Platform	Quilter Wealth Solutions
International	Quilter International

 

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