REG - Quilter PLC - Results of the Odd-lot Offer

QuilterAnnouncement

16/11/2023 14:00

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RNS Number : 7317T  Quilter PLC  16 November 2023

16 November 2023

Quilter plc

 

Results of the 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 10 November 2023, the Company intends to
purchase a total of 15,798,423 of its own ordinary shares of 8 1/6 pence each
(the "Odd-lot Shares") into Treasury on Monday 27 November 2023 (the
"Implementation Date").  This is constituted of:

 

i)    291,711 ordinary shares held on the UK share register at a price of
88.10 pence (GBP) per share; and

ii)   15,506,712 ordinary shares held on the South African share register at
a price of 2,008.91 cents (ZAR) per share.

 

The Odd-lot Offer was implemented on Monday 18 September 2023 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 will reduce by circa 60% (126,011 shareholders). This will
lower 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 20 October 2023, 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 20 October 2023; 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 20
October 2023.

 

Odd-lot Holders recorded on the UK Register will be paid in pounds sterling by
direct credit. If we do not hold a shareholder's bank or building society
details, a cheque in pounds sterling will be issued.

 

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 on Strate through a CSDP or broker will receive
payment in accordance with the mandate signed between the CSDP or broker.

 

Payment will be made at the risk of the relevant Odd-lot Holder on the
Implementation Date.

 

The Odd-lot Shares represent approximately 1.13% of the existing issued share
capital of the Company and will be purchased into Treasury. Subsequently, and
on the Implementation Date, the Company intends to transfer the Odd-lot Shares
out of Treasury for nil consideration to the Trustee of the Quilter Employee
Benefit Trust.  As a result, the Company will hold no ordinary shares in
Treasury and the total number of ordinary shares in issue will be
1,404,105,498. These transfers will be confirmed by a separate announcement on
the Implementation Date.

 

Enquiries:

 

Quilter

 

 John-Paul Crutchley - Head of Investor Relations  Tel: +44 (0)7741 385 251

 Clare Barrett - Company Secretary                 Tel: +44 207 002 7072

 

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 (https://help.shareview.co.uk)

           Tel: +44 (0)333 207 5953*

           Please use the country code when contacting Equiniti from outside the UK

           *Lines are open Monday to Friday between 08:30 and 17:30 (UK time), excluding
           public holidays in England and Wales

 

 Shareholders on the South African Register
 JSE Investor Services (Pty) Limited  JSE Investor Services (Pty) Limited, PO Box 10462, Johannesburg, 2000, South

                                    Africa

                                    Email: oddlot@jseinvestorservices.co.za

                                      Tel: 086 140 0110/086 154 6566 (calling from South Africa)

                                      Tel: +27 11 029 0251/+27 11 029 0253 (calling from overseas)

 

 Shareholders in Namibia
 Transfer Secretaries (Pty) Limited  Transfer Secretaries (Pty) Limited, PO Box 2401, Windhoek, Namibia

                                     Email: ts@nsx.com.na

                                     Tel: +264 (0) 61 227 647

 

 Shareholders in Malawi
 National Bank of Malawi plc  National Bank of Malawi plc, Legal Department, PO Box 945, Blantyre, Malawi

                              Email: legal@natbankmw.com

                              Tel: +265 (0) 182 0622

 

 Shareholders in Zimbabwe
 Corpserve Registrars (Private) Ltd  Corpserve Registrars (Private) Ltd, PO Box 2208, Harare, Zimbabwe

                                     Email: corpserve@escrowgroup.org

                                     Tel: +263 (0) 242 751 559/+263 (0) 242 751 561

 

About Quilter plc:

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

 

Quilter oversees £101.4 billion in customer investments (as at 30 September
2023).

 

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 Private Client Advisers.

 

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