To view the PDF file, sign up for a MySharenet subscription.

QUILTER PLC - Quilter International Sale Completion Anticipated to be 30 November 2021

Release Date: 15/11/2021 07:05
Code(s): QLT     PDF:  
Wrap Text
Quilter International Sale Completion Anticipated to be 30 November 2021

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")




12 November 2021

                                        Quilter plc
    Quilter International Sale Completion Anticipated to be 30 November 2021


Further to the announcement of the proposed disposal of Quilter International to Utmost
Group plc (“Utmost”) on 1 April 2021, Quilter plc (“Quilter”) is pleased to note that Utmost
has received all regulatory and competition approvals and non-objections required for the
transaction and the sale is therefore expected to complete on 30 November 2021.


As announced in its Capital Markets Day on 3 November 2021, Quilter continues to expect
gross cash proceeds from the sale to be c.£480 million, representing the base sale price of
£460 million plus c.£20 million of interest on the base sale price since 1 January 2021.


                                         **Ends**


Enquiries
Investor Relations:

John-Paul Crutchley             +44 (0)7741 385 251

Keilah Codd                     +44 (0)7776 649 681

Media:

Tim Skelton-Smith               +44 (0)7824 145 076

Camarco:

Geoffrey Pelham-Lane            +44 (0)20 3757 4985

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
£108.5 billion in customer investments (as at 30 September 2021, continuing business
basis).

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.




JSE Sponsor:

J.P. Morgan Equities South Africa Proprietary Limited

Date: 15-11-2021 07:05:00
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.