Shareholders on the UK register (2023 Odd-lot Offer)

The Odd-lot Offer was a way of offering shareholders who held fewer than 200 Ordinary Shares the opportunity to sell all their shares at a 5% premium to the market price (the “Offer Price”), without incurring any dealing costs. Please also see “What is the Offer Price?” below.

As part of our drive for efficiency in how we run our business and consistent with our desire to act in the best interests of all our shareholders, we decided to undertake an Odd-lot Offer. Shareholders approved the Odd-lot Offer at the 2023 Annual General Meeting.

Quilter had approximately 200,000 shareholders, of which around 134,000 each held fewer than 200 Ordinary Shares. These, principally South African shareholders, were originally granted their shares in Old Mutual plc from their interest as policy holders when that business demutualised in 1999. They did not actively choose to invest in a UK domiciled company and have become Quilter shareholders as a result of our Managed Separation from Old Mutual plc in 2018.

The Odd-lot Offer reduced the complexity and cost of managing our shareholder base and allowed shareholders holding a small number of Ordinary Shares to dispose of their shareholding in a cost effective manner.

In the case of Ordinary Shares held on the UK Register, the Offer Price was 88.10 pence. This was set at a 5% premium to the volume weighted average price of Ordinary Shares traded on the London Stock Exchange over the five (5) trading days prior to the date on which the Offer Price was finalised (the period from Friday 13 October to Thursday 19 October 2023 inclusive). The Offer Price was announced to the market and published on our website on Friday 20 October 2023.

Your sale proceeds were sent to you on Monday 27 November 2023 in the same way that your dividend payments were made. If we held your bank or building society details, you will have been paid by direct credit. Otherwise a cheque was sent to your registered address on this date.

If you did not return your documentation ahead of the deadline, your shares were acquired by Quilter plc under the terms of the Odd-lot Offer. Please contact your Registrar for more information about how you can receive your proceeds.

If you have any questions, please contact our Registrars.