Wrap Text
Quilter plc Board Composition
QUILTER PLC
Incorporated under the Companies Act 1985 (UK) with registered number 06404270 and re-registered as a public limited company under
the Companies Act 2006) (UK)
ISIN CODE: GB00BDCXV269
JSE SHARE CODE: QLT
Quilter plc (the "Company")
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 % of votes Total number of % of Number of
votes cast votes votes cast cast votes cast issued votes
“For” the cast “For” “Against” the “Against” the share Withheld
resolution the resolution resolution capital
resolutio voted
n
1. To receive the 2021
Report and Accounts 1,286,069,077 99.99 147,775 0.01 1,286,216,852 76.42% 3,274,568
2. To approve the
Remuneration Report
(excluding the
Directors’
Remuneration Policy) 1,232,142,217 95.56 57,226,368 4.44 1,289,368,585 76.61% 122,580
3. To approve the
Directors’
Remuneration Policy 1,239,873,807 96.16 49,489,938 3.84 1,289,363,745 76.61% 127,420
4. To declare a final
dividend 1,289,276,877 99.99 144,271 0.01 1,289,421,148 76.61% 70,272
5. To re-elect Tim
Breedon as a Director 1,256,116,127 99.17 10,457,132 0.83 1,266,573,259 75.25% 22,917,906
6. To re-elect Tazim
Essani as a Director 1,288,449,015 99.93 926,908 0.07 1,289,375,923 76.61% 115,242
7. To re-elect Paul
Feeney as a Director 1,286,630,214 99.95 629,802 0.05 1,287,260,016 76.48% 2,231,546
8. To re-elect Moira
Kilcoyne as a Director 1,288,750,288 99.95 625,228 0.05 1,289,375,516 76.61% 115,649
9. To re-elect Ruth
Markland as a Director 1,268,634,915 98.47 19,747,117 1.53 1,288,382,032 76.55% 109,133
10. To re-elect Paul
Matthews as a
Director 1,288,460,323 99.93 919,470 0.07 1,289,379,793 76.61% 111,372
11. To re-elect George
Reid as a Director 1,288,755,690 99.95 625,749 0.05 1,289,381,439 76.61% 109,726
12. To re-elect Chris
Samuel as a Director 1,276,874,059 99.03 12,502,976 0.97 1,289,377,035 76.61% 114,130
13. To re-elect Mark
Satchel as a Director 1,288,254,492 99.91 1,132,138 0.09 1,289,386,630 76.61% 104,932
14. To re-appoint
Pricewaterhouse-
Coopers LLP as
Auditor of the
Company 1,287,089,706 99.82 2,297,344 0.18 1,289,387,050 76.61% 104,370
15. To authorise the
Board Audit
Committee to
determine the
remuneration of the
Auditor 1,289,222,287 99.99 163,609 0.01 1,289,385,896 76.61% 104,080
16. To authorise political
donations or
expenditure by the
Company and its
subsidiaries 993,011,828 77.50 288,314,973 22.50 1,281,326,801 76.13% 8,163,033
17. To authorise the
Company to purchase
its own shares* 1,286,535,916 99.80 2,612,189 0.20 1,289,148,105 76.59% 343,315
18. To authorise the
Company to enter into
Contingent Purchase
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 +44 (0)7741 385 251
Keilah Codd +44 (0)7776 649 681
Company Secretary:
Patrick Gonsalves +44 (0)7391 867 081
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 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.
JSE Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Date: 12-05-2022 03:00:00
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