REG - Quilter PLC - AGM Update Statement

QuilterAnnouncement

08/11/2024 13:30

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RNS Number : 5118L  Quilter PLC  08 November 2024

Friday 8 November 2024

 

Quilter plc

 

Update Statement with respect to 2024 Annual General Meeting Resolution Vote

 

At our AGM held on 23 May 2024, resolution 15, which sought authorisation for
political donations or expenditure, passed with the requisite majority of
votes, however 27.26% of the votes cast were against the resolution.

 

As we reported following the 2023 AGM, there was a significant difference in
voting between the South African and UK share registers on this resolution
with 57.19% and 97.36% support respectively. In accordance with provision 4 of
the UK Corporate Governance Code, we have continued to directly engage with
our largest South African shareholders on this resolution to further
understand their views. We believe our South African shareholders now have a
better understanding of the purpose of this resolution in the UK however we
continue to recognise that in the current South African governance context,
any linkage between business and politics is sensitive.

 

Quilter has not made any political donations and has no intention of
undertaking political donations but, in line with other listed UK companies,
has sought such authority to avoid any inadvertent breaches of UK company law
given the breadth of the applicable provisions.  We understand the importance
of continuing dialogue and effective communication with our shareholders to
ensure that it is clear that the Board believes that this authority is simply
a precautionary measure to ensure that the Company (and its subsidiaries) does
not inadvertently breach in the UK, South Africa or anywhere else in the
world, UK company law. Similar to the prior year, we will continue to explain
clearly the reasons why the Board believe this resolution is an important
protection for the Company in the 2025 Notice of Annual General Meeting.

 

-ends-

 

Enquiries:

 

 Investor Relations:

 John-Paul Crutchley   +44 (0) 20 7002 7016

 Company Secretary:

 Clare Barrett         +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 £116.2 billion in customer investments (as at 30 September
2024).

 

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: Affluent and High Net Worth.

 

Affluent encompasses the financial planning businesses, Quilter Financial
Planning, the Quilter Investment Platform and Quilter Investors, the
Multi-asset investment solutions business.

 

High Net Worth includes the discretionary fund management business, Quilter
Cheviot, together with Quilter Cheviot Financial Planning.

 

 

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