Quilter PLC Result of AGM and Board Composition Update (3153L)

TIDMQLT

RNS Number : 3153L

Quilter PLC

12 May 2022

12 May 2022

Quilter plc

Quilter plc Board Composition

As previously announced by Quilter plc (the "Company") on 23 March 2022, Glyn Jones stepped down as Chair and as a Director of the Company at the conclusion of the AGM. The search for a permanent successor to Mr Jones is progressing well and further details will be published to the market in due course.

Ruth Markland, Quilter's Senior Independent Director, was appointed as Chair of the Company with effect from the conclusion of the AGM. Tim Breedon, an existing Non-executive Director of the Company, has assumed the role of Senior Independent Director for the duration of Ruth Markland's period as Chair.

Glyn Jones said:

"I have enjoyed greatly the six years that I have spent as Chair of Quilter plc and wish the Quilter Board and the executive leadership team continued success in making Quilter a great business driven by strong values."

Paul Feeney, Chief Executive Officer, commented that:

"Quilter and I have benefitted enormously from the support and advice of Glyn Jones. His incisive mind and thoughtful, analytical approach has been of tremendous help to me and my management team through a period when we have faced many challenges."

Ruth Markland, Chair, thanked Glyn, saying:

"Glyn has worked tirelessly over the last six years to build and maintain a strong cohesive Board and to ensure that Quilter's management team were supported and challenged in equal measure. During his tenure, Quilter has matured into a business with firm foundations and a bright future and we thank him for the significant role he has played."

Result of Annual General Meeting 2022

Quilter plc 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 16 were passed as ordinary resolutions and resolutions 17 and 18 were passed as special resolutions.

The Company notes that more than 20% of the votes cast on resolution 16 ("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          % of        Number    % of votes    Total number      % of       Number 
                                    votes cast         votes      of votes          cast        of votes    issued     of votes 
                                     "For" the          cast          cast     "Against"            cast     share     Withheld 
                                    resolution         "For"     "Against"           the                   capital 
                                                         the           the    resolution                     voted 
                                                  resolution    resolution 
       To receive the 
        2021 Report 
 1.     and Accounts             1,286,069,077         99.99       147,775          0.01   1,286,216,852    76.42%    3,274,568 
      ------------------------  --------------  ------------  ------------  ------------  --------------  --------  ----------- 
       To approve the 
        Remuneration 
        Report (excluding 
        the Directors' 
        Remuneration 
 2.     Policy)                  1,232,142,217         95.56    57,226,368          4.44   1,289,368,585    76.61%      122,580 
      ------------------------  --------------  ------------  ------------  ------------  --------------  --------  ----------- 
       To approve the 
       Directors' Remuneration 
 3.    Policy                    1,239,873,807         96.16    49,489,938          3.84   1,289,363,745    76.61%      127,420 
      ------------------------  --------------  ------------  ------------  ------------  --------------  --------  ----------- 
       To declare a 
 4.     final dividend           1,289,276,877         99.99       144,271          0.01   1,289,421,148    76.61%       70,272 
      ------------------------  --------------  ------------  ------------  ------------  --------------  --------  ----------- 
       To re-elect 
        Tim Breedon 
 5.     as a Director            1,256,116,127         99.17    10,457,132          0.83   1,266,573,259    75.25%   22,917,906 
      ------------------------  --------------  ------------  ------------  ------------  --------------  --------  ----------- 
       To re-elect 
        Tazim Essani 
 6.     as a Director            1,288,449,015         99.93       926,908          0.07   1,289,375,923    76.61%      115,242 
      ------------------------  --------------  ------------  ------------  ------------  --------------  --------  ----------- 
       To re-elect 
        Paul Feeney 
 7.     as a Director            1,286,630,214         99.95       629,802          0.05   1,287,260,016    76.48%    2,231,546 
      ------------------------  --------------  ------------  ------------  ------------  --------------  --------  ----------- 
       To re-elect 
        Moira Kilcoyne 
 8.     as a Director            1,288,750,288         99.95       625,228          0.05   1,289,375,516    76.61%      115,649 
      ------------------------  --------------  ------------  ------------  ------------  --------------  --------  ----------- 
       To re-elect 
        Ruth Markland 
 9.     as a Director            1,268,634,915         98.47    19,747,117          1.53   1,288,382,032    76.55%      109,133 
      ------------------------  --------------  ------------  ------------  ------------  --------------  --------  ----------- 
       To re-elect 
        Paul Matthews 
 10.    as a Director            1,288,460,323         99.93       919,470          0.07   1,289,379,793    76.61%      111,372 
      ------------------------  --------------  ------------  ------------  ------------  --------------  --------  ----------- 
       To re-elect 
        George Reid 
 11.    as a Director            1,288,755,690         99.95       625,749          0.05   1,289,381,439    76.61%      109,726 
      ------------------------  --------------  ------------  ------------  ------------  --------------  --------  ----------- 
       To re-elect 
        Chris Samuel 
 12.    as a Director            1,276,874,059         99.03    12,502,976          0.97   1,289,377,035    76.61%      114,130 
      ------------------------  --------------  ------------  ------------  ------------  --------------  --------  ----------- 
       To re-elect 
        Mark Satchel 
 13.    as a Director            1,288,254,492         99.91     1,132,138          0.09   1,289,386,630    76.61%      104,932 
      ------------------------  --------------  ------------  ------------  ------------  --------------  --------  ----------- 
       To re-appoint 
       Pricewaterhouse-Coopers 
       LLP as Auditor 
 14.   of the Company            1,287,089,706         99.82     2,297,344          0.18   1,289,387,050    76.61%      104,370 
      ------------------------  --------------  ------------  ------------  ------------  --------------  --------  ----------- 
       To authorise 
        the Board Audit 
        Committee to 
        determine the 
        remuneration 
 15.    of the Auditor           1,289,222,287         99.99       163,609          0.01   1,289,385,896    76.61%      104,080 
      ------------------------  --------------  ------------  ------------  ------------  --------------  --------  ----------- 
       To authorise 
        political donations 
        or expenditure 
        by the Company 
 16.    and its subsidiaries       993,011,828         77.50   288,314,973         22.50   1,281,326,801    76.13%    8,163,033 
      ------------------------  --------------  ------------  ------------  ------------  --------------  --------  ----------- 
       To authorise 
        the Company 
        to purchase 
 17.    its own shares*          1,286,535,916         99.80     2,612,189          0.20   1,289,148,105    76.59%      343,315 
      ------------------------  --------------  ------------  ------------  ------------  --------------  --------  ----------- 
       To authorise 
        the Company 
        to enter into 
        Contingent Purchase 
 18.    Contracts*               1,286,603,189         99.80     2,548,435          0.20   1,289,151,624    76.59%      339,796 
      ------------------------  --------------  ------------  ------------  ------------  --------------  --------  ----------- 
 

*Special resolution

Notes:

i. As at 6:30pm on 10 May 2022, 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 1,638,123,085 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 .

The poll results will also be available shortly on the Company's website at plc.quilter.com/gm .

- ends -

Enquiries:

 
 
 Investor Relations: 
  John-Paul Crutchley        [phone] 
 
  Keilah Codd                [phone] 
 Company Secretary: 
  Patrick Gonsalves          [phone] 
 Camarco 
  G eoffrey Pelham-Lane      [phone] 
 

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 oversees GBP107.2 billion in customer investments (as at 31 March 2022).

It has an adviser and customer offering spanning: financial advice, investment platforms, multi-asset investment solutions, and discretionary fund management.

The business is being reorganised into 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

RAGSFEFEEEESELI

(END) Dow Jones Newswires

May 12, 2022 09:00 ET (13:00 GMT)