TIDMQLT
RNS Number : 2931O
Quilter PLC
29 May 2020
FOR IMMEDIATE RELEASE
29 May 2020
Quilter plc
Results of Odd-lot Offer and transaction in own shares
Quilter plc ("Quilter" or the "Company") announces that
following the closure of the Odd-lot Offer on Friday 15 May 2020,
the Company has today purchased a total of 16,263,364 of its own
ordinary shares of 7 pence each as follows:
i) 169,264 ordinary shares held on the UK share register were
purchased at a price of 120.24 pence (GBP) per share; and
ii) 16,094,100 ordinary shares held on the South African share
register were purchased at a price of 2,812.63 cents (ZAR) per
share.
The Odd-lot Offer was implemented on Wednesday 11 March 2020 in
order to reduce the Company's shareholder base, which was unusually
large for a company of its size. Following the implementation of
the Odd-lot Offer, the Company's shareholder base has been reduced
by circa 45% (209,282 shareholders). This reduction will reduce
administrative costs, including, for example, the costs of printing
and distributing financial statements, circulars and notices.
As set out in the announcement made on Friday 24 April 2020, the
above prices were calculated as follows:
i) in the case of ordinary shares held on the UK Register, a 5%
premium to the volume weighted average price of ordinary shares
traded on the London Stock Exchange over the five trading days
prior to Friday 24 April 2020; and
ii) in the case of ordinary shares held on the SA Register, a 5%
premium to the volume weighted average price of ordinary shares
traded on the Johannesburg Stock Exchange over the five trading
days prior to Friday 24 April 2020.
Odd-lot Holders recorded on the UK Register will be paid in
pounds sterling.
Odd-lot Holders on the SA Register will be paid in rand by
direct credit. No cheques will be issued. Shareholders who
participate in an Odd-lot Offer and who hold their ordinary shares
in Strate through a CSDP or broker will receive payment in
accordance with the mandate signed between the CSDP or broker.
It is expected that payment will be made on or around Friday 29
May 2020, at the risk of the relevant Odd-lot Holder.
The shares purchased by the Company represent approximately
0.87% of the existing issued share capital of the Company and will
all be held as treasury shares. Following the above purchase, the
Company holds 16,263,364 ordinary shares as treasury shares. The
total number of ordinary shares in issue (excluding shares held as
treasury shares) is 1,848,115,891.
Enquiries:
John-Paul Crutchley - Head of Investor Relations Tel: +44 (0)7741 385 251
Jane Goodland - Corporate Affairs Director Tel: +44 (0)7790 012 066
Tel: + 44 (0)7391 867 081
Patrick Gonsalves - Company Secretary
Registrars
If you are a Quilter shareholder and have a question about the
Odd-lot Offer or your Quilter shares, please contact our Registrars
using the contact details below.
Shareholders on the UK Register
Equiniti Equiniti Limited, Aspect House, Spencer Road, Lancing, West Sussex BN99 6DA
https://help.shareview.co.uk
Tel: +44 (0)333 207 6514* (calling from the UK)
Tel: +44 (0)121 415 0993 (calling from overseas)
*Lines are open Monday to Friday between 09:00 and 17:00 (UK time), excluding public holidays
in England and Wales.
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Shareholders on the South African Register
Link Market Services South Africa (PTY) Limited Link Market Services South Africa (PTY) Limited, PO Box 10462,
Johannesburg, 2000, South Africa
Email: investorenquiries@linkmarketservices.co.za
Tel: 086 140 0110/086 154 6566 (calling from South Africa)
Tel: +27 11 029 0251/+27 11 715 3000 (calling from overseas)
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Shareholders in Namibia
Transfer Securities (PTY) Limited Transfer Securities (PTY) Limited, PO Box 2401, Windhoek, Namibia
Email: ts@nsx.com.na
Tel: +264 (0) 227 647
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Shareholders in Malawi
National Bank of Malawi National Bank of Malawi, PO Box 945, Blantyre, Malawi
Email: legal@natbankmw.com
Tel: +265 182 0622/+265 182 0054
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Shareholders in Zimbabwe
Corpserve Registrars (PVT) Ltd Corpserve Registrars (PVT) Ltd, PO Box 2208 Harare, Zimbabwe
Email: corpserve@escrowgroup.org
Tel: +263 242 751 559/+263 242 751 561
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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 GBP95.3 billion in customer investments (as
at 31 March 2020).
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, including AAM Advisory in Singapore.
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 Investment Platform
International Quilter International
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END
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