REG - Quilter PLC - Result of AGM

QuilterAnnouncement

23/05/2024 14:00

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RNS Number : 7001P  Quilter PLC  23 May 2024

23 May 2024

Quilter plc

 

Result of Annual General Meeting 2024

 

Quilter plc (the "Company") announces that at its Annual General Meeting
("AGM") held earlier today, all the resolutions put to shareholders were
passed by the requisite majorities. Resolutions 1 to 15 were passed as
ordinary resolutions and resolutions 16 and 17 were passed as special
resolutions.

 

The Company notes that more than 20% of the votes cast on resolution 15 ("To
authorise political donations by the Company and its subsidiaries") were
against that resolution.

 

The Company has actively engaged with our shareholders on this issue since
Listing in 2018 and understand their concerns which reflect a difference in
market practice for many of our South African shareholders. The Company will
continue to engage with shareholders in accordance with the UK Corporate
Governance Code and will provide an update on these discussions in due course.

 

The results of the poll are set out below.

 

      Resolution                                                                   Number of votes cast "For" the resolution   % of votes cast "For" the resolution   Number of votes cast "Against" the resolution   % of votes cast "Against" the resolution   Total number of votes cast  % of issued share capital voted  Number of votes Withheld
 1.   To receive the 2023 Report and Accounts                                      1,070,505,053                              100.00                                  11,416                                         0.00                                        1,070,516,469               76.24                            2,765,673
 2.   To approve the Remuneration Report (excluding the Directors' Remuneration    1,042,122,729                              97.13                                   30,842,412                                     2.87                                        1,072,965,141               76.42                            317,021
      Policy)
 3.   To declare a final dividend                                                  1,072,971,150                              100.00                                  2,570                                          0.00                                        1,072,973,720               76.42                            308,422
 4.   To re-elect Neeta Atkar MBE as a Director                                    1,064,021,974                              99.17                                   8,926,893                                      0.83                                        1,072,948,867               76.42                            331,777
 5.   To re-elect Tim Breedon CBE as a Director                                    1,063,919,943                              99.16                                   9,034,396                                      0.84                                        1,072,954,339               76.42                            326,305
 6.   To re-elect Chris Hill as a Director                                         1,072,905,907                              100.00                                  48,433                                         0.00                                        1,072,954,340               76.42                            326,304
 7.   To re-elect Moira Kilcoyne as a Director                                     1,072,934,326                              100.00                                  18,065                                         0.00                                        1,072,952,391               76.42                            328,253
 8.   To re-elect Steven Levin as a Director                                       1,072,938,704                              100.00                                  15,399                                         0.00                                        1,072,954,103               76.42                            326,541
 9.   To re-elect Ruth Markland as a Director                                      1,061,673,785                              99.11                                   9,554,293                                      0.89                                        1,071,228,078               76.29                            2,052,566
 10.  To re-elect George Reid as a Director                                        1,064,038,398                              99.17                                   8,915,941                                      0.83                                        1,072,954,339               76.42                            326,305
 11.  To re-elect Chris Samuel as a Director                                       1,072,909,619                              100.00                                  40,046                                         0.00                                        1,072,949,665               76.42                            330,979

 12.  To re-elect Mark Satchel as a Director                                       1,072,935,218                              100.00                                  17,459                                         0.00                                        1,072,952,677               76.42                            327,967
 13.  To re-appoint Pricewaterhouse-Coopers LLP as Auditor of the Company          1,071,204,195                              99.84                                   1,744,742                                      0.16                                        1,072,948,937               76.42                            331,707
 14.  To authorise the Board Audit Committee to determine the remuneration of the  1,069,856,726                              99.71                                   3,108,783                                      0.29                                        1,072,965,509               76.42                            315,135
      Auditor
 15.  To authorise political donations or expenditure by the Company and its       780,449,542                                72.74                                   292,508,264                                    27.26                                       1,072,957,806               76.42                            324,336
      subsidiaries
 16.  To authorise the Company to purchase its own shares*                         1,070,926,970                              99.83                                   1,847,435                                      0.17                                        1,072,774,405               76.40                            507,737
 17.  To authorise the Company to enter into Contingent Purchase Contracts*        1,071,022,750                              99.84                                   1,747,641                                      0.16                                        1,072,770,391               76.40                            511,751

*Special resolution

 

Notes:

i.    As at 6:30pm on Tuesday 21 May 2024, the time by which shareholders
who wanted to vote at the AGM must have been entered on the Company's register
of members, the number of issued shares in the Company was 1,404,105,498
ordinary shares. In accordance with the Company's articles of association, on
a poll every member present in person or by proxy had one vote for every share
held.

 

ii.    Votes withheld are not votes in law and therefore have not been
counted in the calculation of the proportion of the votes for or against a
resolution.

 

iii.   All percentages are shown to two decimal places.

 

Pursuant to UK Listing Rule 9.6.2R, copies of all resolutions, other than
those concerning ordinary business, passed at the AGM today will be submitted
to and available for inspection at the National Storage Mechanism and will
shortly be available to view at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

The poll results will also be available shortly on the Company's website at
plc.quilter.com/gm
(https://plc.quilter.com/investor-relations/shareholder-centre/general-meeting-hub/)
.

 

 

- ends -

 

Enquiries:

 Investor Relations:

 John-Paul Crutchley    +44 (0)7741 385 251

 Company Secretary:

 Clare Barrett          +44 (0)207 002 7072

 Camarco

 Geoffrey Pelham-Lane   +44 (0)20 3757 4985

 

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 £111.6 billion in customer investments (as at 31 March
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 business, 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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