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QUILTER PLC - Strategic review in relation to Old Mutual Wealth Life Assurance Limited

Release Date: 04/07/2019 08:00
Code(s): QLT     PDF:  
Wrap Text
Strategic review in relation to Old Mutual Wealth Life Assurance Limited

QUILTER PLC
(previously, Old Mutual Wealth Management Limited)
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")



LEI: 54930092XIVK28RZGM95

4 July 2019



                                            

STRATEGIC REVIEW IN RELATION TO OLD MUTUAL WEALTH LIFE ASSURANCE LIMITED

Quilter plc confirms it is undertaking a strategic review in relation to Old Mutual Wealth Life Assurance
Limited, the Heritage life assurance business, including the possibility of a disposal of this business.

No decision has been taken by the Board of Quilter plc on any particular option, including whether to
effect a disposal of Old Mutual Wealth Life Assurance Limited. Accordingly, there can be no certainty that
any transaction will be concluded, or if so, its timing or terms.

A further announcement will be made if and when appropriate.

                                                        - End -
Enquiries:


Investor Relations:
John-Paul Crutchley                                   +44 (0)20 7002 7016

Media:
Jane Goodland                                         +44 (0)77 9001 2066

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 £114.9 billion in investments (as at 31 March 2019).

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: Advice and Wealth Management and Wealth
Platforms.

Advice and Wealth Management encompasses the financial planning network, Quilter Financial
Planning; Quilter Private Client Advisers; the discretionary fund management business, Quilter Cheviot;
and Quilter Investors, the Multi-asset investment solutions business. Wealth Platforms includes the Old
Mutual Wealth UK Platform; Old Mutual International, including AAM Advisory in Singapore; and Old
Mutual Wealth Life Assurance, the Heritage life assurance business.

The Quilter plc businesses are being re-branded to Quilter over a period of approximately two years:

•   The Multi-asset business is now Quilter Investors
•   Intrinsic is now Quilter Financial Planning
•   The private client advisers business is now Quilter Private Client Advisers
•   The UK Platform to Quilter Wealth Solutions
•   The International business to Quilter International
•   The Heritage life assurance business to Quilter Life Assurance
•   Quilter Cheviot will retain its name.


JSE Sponsor : J.P. Morgan Equities South Africa (Pty) Ltd

Date: 04/07/2019 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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