Return of Capital
As announced on Wednesday 9 March 2022, Quilter intends to return £328m of the net proceeds of the sale of Quilter International to Shareholders in the form of a payment of 20 pence per ordinary share for Shareholders on the UK share register. For shareholders on our South African Share register this equates to a return of 401.333000 South African cents per ordinary share (using an exchange rate of 20.06665 South African cents to one pence, the average rate achieved on 7 and 8 March 2022). This return of capital will be implemented through the issue and redemption of a new class of redeemable B shares (the “B Share Scheme”) which will be accompanied by a 6 for 7 share consolidation of the existing ordinary share capital (the “Share Consolidation”).
The General Meeting to seek shareholder approval for the B Share Scheme and Share Consolidation was held on Thursday 12 May 2022 at conclusion of the AGM at Senator House, 85 Queen Victoria Street, London EC4V 4AB.
Please find the full Circular, which includes the Notice of General Meeting, for more information.
To help shareholders understand what is involved in the B Share Scheme and share consolidation we have prepared a Helpful Guide for Shareholders on our UK register of members, and a Helpful Guide for Shareholders on our South African register of members.
You can read the Transcript of the meeting here.