Wrap Text
Redemption of B Shares, Cash Proceeds in respect of fractional entitlements
QUILTER PLC
Incorporated under the Companies Act 1985 with registered number 06404270 and re-registered as a
public limited company under the Companies Act 2006)
ISIN CODE: GB00BDCXV269
JSE SHARE CODE: QLT
Quilter plc (the "Company")
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION
24 May 2022
Quilter plc
Redemption of B Shares, Cash Proceeds in respect of fractional entitlements
Further to its announcement on 23 May 2022 in relation to the proposed £328 million return of
capital by Quilter plc ("Quilter" or the "Company") by way of a B Share Scheme, the Company
confirms that the redemption of the B Shares issued pursuant to the B Share Scheme will occur
today.
It is expected that the holders of Ordinary Shares entitled to receive payments in respect of the
proceeds from the redemption of the B Shares will have such payments despatched to them by
6 June 2022.
In accordance with the FCA’s Disclosure Guidance and Transparency Rule 5.6.1(A) and further
to the announcement on 12 May 2022, the Company confirms that, post completion of the
previously announced B Share Scheme and Share Consolidation, the Company’s total issued
share capital consists of 1,404,105,498 Ordinary Shares of 8 1/6 pence each, with each Ordinary
Share carrying the right to one vote.
As noted in the Circular published by the Company on 29 March 2022 (the “Circular”) and in the
Company’s announcement of 23 May 2022, as part of the Share Consolidation all allocations of
New Ordinary Shares were rounded down to the nearest whole number and fractional
entitlements arising from the Share Consolidation will be aggregated and sold in the market on
behalf of Shareholders. Given the proceeds from the sale of any fractional entitlement are
expected to be less than £3.00 per Shareholder (the rand equivalent is 60.19995 rand, based on
the exchange rate used for determining the return per B Share redeemed), the Board intends
to donate the aggregated proceeds to the Quilter Foundation.
In accordance with the JSE Listing Requirements, if the proceeds of the sale of fractional
entitlements were remitted to shareholders on the South African register this amount would be
determined with reference to the volume weighted average price in rand of a New Ordinary
Share on 23 May 2022 (being the first date on which Quilter shares traded ‘ex’ the entitlement
to receive the New Ordinary Shares) reduced by 10% (“Cash Proceeds”). On this basis, Quilter
Shareholders are advised that the Cash Proceeds would be 2148.30 ZA cents per New Ordinary
Share (being 2387.00 ZA cents x 0.9). However, as noted above, the aggregated proceeds of
the sale of fractional entitlements of shareholders on both the UK and South African registers
will be donated to the Quilter Foundation.
Capitalised terms used in this announcement which are not otherwise defined have the same
meaning as in the Circular, which is available on the Company's website at plc.quilter.com/gm.
Enquiries
Investor Relations:
John-Paul Crutchley +44 (0)77 4138 5251
Keilah Codd +44 (0)77 7664 9681
Media:
Tim Skelton-Smith +44 (0)78 2414 5076
Camarco
Geoffrey Pelham-Lane +44 (0)77 3312 4226
Company Secretary:
Patrick Gonsalves +44 (0)73 7597 8887
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 £107.2 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.
Disclaimer
This announcement has been issued by and is the sole responsibility of Quilter. The information
contained in this announcement is for background purposes only and does not purport to be full or
complete. The information in this announcement is subject to change.
This announcement is not intended to, and does not, constitute or form part of any offer, invitation
or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose
of, any securities pursuant to this announcement or otherwise.
Shareholders are advised to read carefully the Circular in relation to the B Share Scheme and Share
Consolidation. Any response to the proposals should be made only on the basis of information in the
Circular.
This announcement has been prepared in accordance with and for the purpose of complying with
English law, the EU Regulation No. 596/2014 as onshored into UK law on 31 December 2020 by the
European (Withdrawal) Act 2018 and the Listing Rules and Disclosure Guidance and Transparency
Rules of the Financial Conduct Authority. The information disclosed may not be the same as that
which would have been disclosed if this announcement had been prepared in accordance with the
laws of jurisdictions outside of England and Wales.
The release, publication or distribution of this announcement in, into or from jurisdictions other than
the United Kingdom may be restricted by law and therefore any persons who are subject to the law
of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any
such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities
law of any such jurisdiction.
JSE Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Date: 24-05-2022 09:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
