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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Quilter Plc | LSE:QLT | London | Ordinary Share | GB00BNHSJN34 | ORD 8 1/6P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.20 | 1.01% | 119.70 | 119.80 | 120.00 | 120.00 | 117.70 | 119.00 | 126,392 | 11:19:01 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 4.49B | 42M | 0.0299 | 40.13 | 1.66B |
TIDMQLT
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 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 GBP101.4 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.
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 rns@lseg.com or visit www.rns.com.
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END
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November 16, 2023 09:00 ET (14:00 GMT)
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