4 March 2026
Quilter plc
Share Buyback Programme
Quilter plc (the "Company") announces that it is commencing a Share Buyback Programme (the "Programme") to purchase shares with a value of up to £100 million in order to reduce the share capital of the Company, subject to remaining within certain pre-set parameters. The Board will keep the Programme under review to make sure it continues to be the most efficient and effective means of returning capital to shareholders.
The Company has entered into various agreements with Goldman Sachs International ("GSI") under which it has issued an irrevocable instruction to GSI to manage the initial tranche of the Programme of up to £40 million ("Tranche 1").
Company shares will be purchased on European trading venues, including the London Stock Exchange, and on the Johannesburg Stock Exchange. GSI will carry out the instruction during the period starting on 4 March 2026 and ending no later than 15 June 2026 (the "Engagement Period") through the acquisition of ordinary shares in the Company for subsequent repurchase by the Company. The maximum aggregate purchase price payable by the Company under Tranche 1 is up to approximately £40 million. The maximum aggregate number of shares that may be purchased under Tranche 1 is 140,410,549.
All repurchases of Company shares under the Programme will be effected in accordance with Chapter 9 of the UK Listing Rules of the Financial Conduct Authority, the UK Market Abuse Regulation (in the case of shares repurchased on trading venues in the United Kingdom) and the Company's authorities to repurchase Company shares. The repurchase of Company shares will be discontinued in the event that the Company ceases to have the necessary authorities to repurchase ordinary shares. The Company will cancel the repurchased shares.
GSI and/or its affiliates may undertake transactions in shares (which may include sales and hedging activities, in addition to purchases which may take place on any available trading venue or on an over the counter basis) during the Engagement Period in order to manage its market exposure under the Programme. Disclosure of such transactions will not be made by GSI and/or its affiliates as a result of or as part of the Programme, but GSI and/or its affiliates will continue to make any disclosures it is otherwise legally required to make. GSI may effect purchases of Company shares on the Johannesburg Stock Exchange through one or more of its affiliates or any broker-dealer authorised to trade on the Johannesburg Stock Exchange.
Enquiries
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John-Paul Crutchley - Head of Investor Relations
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Tel: +44 (0)7741 385 251
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Clare Barrett - Company Secretary |
Tel: +44 (0)207 002 7072 |
About Quilter plc
Quilter plc is a leading provider of financial advice, investments and wealth management, committed to being the UK's best wealth manager for clients and their advisers.
Quilter oversees £141.2 billion in customer investments as at 31 December 2025.
The business is comprised of two segments: Affluent and High Net Worth.
Affluent encompasses the financial planning business, Quilter Financial Planning, the investment platform, Quilter Investment Platform, the digital savings and investment app, Quilter Invest, and the multi-asset investment solutions business, Quilter Investors.
High Net Worth comprises the discretionary fund management and financial planning business, Quilter Cheviot.