LONDON - Quilter plc has initiated the second tranche of its share buyback programme, valued at up to £30 million, according to a press release statement.
The company entered into agreements with Goldman Sachs International to manage the second tranche, which will run from Sunday through September 30, 2026. Goldman Sachs International will purchase ordinary shares on European trading venues, including the London Stock Exchange, and on the Johannesburg Stock Exchange for subsequent repurchase by the company. The maximum number of shares that may be purchased under this tranche is 133,619,035.
Quilter commenced its overall share buyback programme on March 4, 2026, with a total value of up to £100 million to reduce share capital. The company has completed £40 million in repurchases to date, with £32 million conducted on the London Stock Exchange and £8 million on the Johannesburg Stock Exchange. A total of 22 million Quilter shares have been acquired and cancelled at an average price of 181 pence.
The company stated it will cancel all repurchased shares. The board will continue to review the programme to ensure it remains an efficient means of returning capital to shareholders.
All repurchases will be conducted in accordance with Chapter 9 of the UK Listing Rules of the Financial Conduct Authority, the UK Market Abuse Regulation, and the company’s authorities to repurchase shares. The programme will be discontinued if the company ceases to have the necessary authorities.
Goldman Sachs International and its affiliates may undertake transactions in shares during the engagement period, including sales and hedging activities, to manage market exposure under the programme.
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