Quilter Regulatory News (QLT)

28 January 2022

Quilter plc

Share buyback programme update

In connection with the capital return of up to £375 million announced on 2 January 2020, Quilter plc (the Company) initiated a share buyback programme (the Programme) on 11 March 2020 to purchase shares with a value of up to £375 million in order to reduce the share capital of the Company.

Tranche 4b of the Programme on the London Stock Exchange and the Johannesburg Stock Exchange between the Company and Goldman Sachs International, announced on 13 December 2021, completed on 27 January 2022 in accordance with its terms.

This brings the Programme to a close with £375 million returned to shareholders in respect of the Quilter Life Assurance proceeds. This has led to a c.14% reduction in the Company's share count since inception of the Programme.

Repurchases of £213.9 million were conducted on the London Stock Exchange and £161.1 million were conducted on the Johannesburg Stock Exchange. In aggregate, 264.1 million Quilter shares have been acquired, and cancelled, at an average price of 141.97 pence per share.

ENDS

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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 plc oversees £111.8 billion in customer investments (as at 31 December 2021).

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.