Director/PDMR Shareholding

RNS Number : 1980W
Quilter PLC
21 April 2021
 

21 April 2021

For immediate release

Quilter plc

(the "Company")

Notification of transactions by Directors and Persons Discharging Managerial Responsibilities ("PDMRs")

The Company announces the following transactions by Directors and PDMRs in the Company's ordinary shares of £0.07 each ("Shares") which include the vesting, exercise and sale of Shares and Share Options that had been granted pursuant to:

a)  the 2017 Deferred Bonus awards made under the Old Mutual Wealth Phantom Share Reward Plan ("Phantom SRP");

b)  the 2018 and 2019 Deferred Bonus awards made under the Quilter Share Reward Plan ("Quilter SRP");

c)  the 2018 Restricted Stock Unit awards made under the Quilter Performance Share Plan ("Quilter PSP");

d)  the 2018 Long Term Incentive awards made under the Quilter PSP; and

e)  a Recruitment Award made under the Quilter SRP.

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

Matthew Burton

2

Reason for the notification


a)

Position/status

Chief Risk Officer - PDMR

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor


a)

Name

Quilter plc

b)

LEI

54930092XIVK28RZGM95

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted


a)

Description of the financial instrument, type of instrument Identification code

Ordinary shares with a nominal value of £0.07 each ("Shares")

GB00BDCXV269

b)

Nature of the transaction

i)  Vesting of 27,691 Shares pursuant to the 2017 Deferred Bonus award under the Phantom SRP

 

ii)  Sale of 27,691 Shares vested under i) above

 

iii)  Vesting of 44,952 Shares pursuant to the 2018 Deferred Bonus award under the Quilter SRP

 

iv)  Sale of 44,952 Shares vested under iii) above

 

v)  Vesting of 112,940 Shares pursuant to the 2018 Restricted Stock Unit award under the Quilter PSP (note these shares remain subject to clawback for two years following vesting)

 

vi)  Sale of 112,940 Shares vested under v) above

 

vii)  Vesting of 44,715 Shares pursuant to the 2019 Deferred Bonus award under the Quilter SRP

 

viii)  Sale of 44,715 Shares vested under vii) above

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

i)  Nil

ii)  £1.651170

iii)  Nil

iv)  £1.651170

v)  Nil

vi)  £1.651170

vii)  Nil

viii)  £1.651170

 

i)  27,691

ii)  27,691

iii)  44,952

iv)  44,952

v)  112,940

vi)  112,940

vii)  44,715

viii)  44,715

d)

Aggregated information

- Aggregated volume

- Price

i)  Consideration price: Nil

 

ii)  Sale price: £1.651170

 

iii)  Consideration price: Nil

 

iv)  Sale price: £1.651170

 

v)  Consideration price: Nil

 

vi)  Sale price: £1.651170

 

vii)  Consideration price: Nil

 

viii)  Sale price: £1.651170

 

e)

Date of the transaction

i)  2021-04-19

ii)  2021-04-19  15:35:00 UTC

iii)  2021-04-19

iv)  2021-04-19  15:35:00 UTC

v)  2021-04-19

vi)  2021-04-19  15:35:00 UTC

vii)  2021-04-19

viii)  2021-04-19  15:35:00 UTC

 

f)

Place of the transaction

i)  Outside a trading venue

ii)  London Stock Exchange, Main Market (XLON)

iii)  Outside a trading venue

iv)  London Stock Exchange, Main Market (XLON)

v)  Outside a trading venue

vi)  London Stock Exchange, Main Market (XLON)

vii)  Outside a trading venue

viii)  London Stock Exchange, Main Market (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

Karin Cook

2

Reason for the notification


a)

Position/status

Chief Operating Officer - PDMR

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor


a)

Name

Quilter plc

b)

LEI

54930092XIVK28RZGM95

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted


a)

Description of the financial instrument, type of instrument Identification code

Ordinary shares with a nominal value of £0.07 each ("Shares")

GB00BDCXV269

b)

Nature of the transaction

i)  Vesting of 65,305 Shares under the Quilter SRP (Recruitment award)

 

ii)  Sale of 30,801 Shares vested under i) above to settle tax liability and dealing costs

 

iii)  Vesting of 91,152 Shares pursuant to the 2019 Deferred Bonus award under the Quilter SRP

 

iv)  Sale of 42,993 Shares vested under iii) above to settle tax liability and dealing costs

 

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

i)  Nil

ii)  £1.651170

iii) Nil

iv) £1.651170

 

i)  65,305

ii)  30,801

iii) 91,152

iv) 42,993

d)

Aggregated information

- Aggregated volume

- Price

i)  Consideration price: Nil

 

ii)  Market value: £1.651170

 

iii) Consideration price: Nil

 

iv) Market value: £1.651170

 

e)

Date of the transaction

i)  2021-04-19

ii)  2021-04-19  15:35:00 UTC

iii) 2021-04-19

iv) 2021-04-19  15:35:00 UTC

 

 

f)

Place of the transaction

i)  Outside a trading venue

ii)  London Stock Exchange, Main Market (XLON)

iii)  Outside a trading venue

iv)  London Stock Exchange, Main Market (XLON)

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

Paul Feeney

2

Reason for the notification


a)

Position/status

Chief Executive Officer - Director and PDMR

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor


a)

Name

Quilter plc

b)

LEI

54930092XIVK28RZGM95

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted


a)

Description of the financial instrument, type of instrument Identification code

Ordinary shares with a nominal value of £0.07 each ("Shares")

GB00BDCXV269

b)

Nature of the transaction

i)  Vesting of 418,914 Shares pursuant to the 2017 Deferred Bonus award under the Phantom SRP

 

ii)  Sale of 308,635 Shares vested under i) above to settle tax liability and dealing costs and to fulfil a personal financial commitment forming part of a divorce settlement.

 

iii)  Vesting of 161,476 Shares pursuant to the 2018 Deferred Bonus award under the Quilter SRP

 

iv)  Sale of 118,969 Shares vested under iii) above to settle tax liability and dealing costs and to fulfil a personal financial commitment forming part of a divorce settlement.

 

v)  Vesting and exercise of 540,475 Nil-cost Options pursuant to the 2018 Long Term Incentive award under the Quilter PSP

 

vi)  Sale of 254,055 Shares vested under v) above to settle tax liability and dealing costs; the remaining 286,420 shares are subject to a minimum two-year holding period and subject to clawback during that period

 

vii)  Vesting of 152,639 Shares pursuant to the 2019 Deferred Bonus award under the Quilter SRP

 

viii)  Sale of 71,771 Shares vested under vii) above to settle tax liability and dealing costs.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

i)  Nil

ii)  £1.651170

iii)  Nil

iv)  £1.651170

v)  Nil

vi)  £1.651170

vii)  Nil

viii)  £1.651170

i)  418,914

ii)  308,635

iii)  161,476

iv)  118,969

v)  540,475

vi)  254,055

vii)  152,639

viii)  71,771

d)

Aggregated information

- Aggregated volume

- Price

i)  Consideration price: Nil

 

ii)  Sale price: £1.651170

 

iii)  Consideration price: Nil

 

iv)  Sale price: £1.651170

 

v)  Consideration price: Nil

 

vi)  Sale price: £1.651170

 

vii)  Consideration price: Nil

 

viii)  Sale price: £1.651170

 

e)

Date of the transaction

i)  2021-04-19

ii)  2021-04-19  15:35:00 UTC

iii)  2021-04-19

iv)  2021-04-19  15:35:00 UTC

v)  2021-04-19

vi)  2021-04-19  15:35:00 UTC

vii)  2021-04-19

viii)  2021-04-19  15:35:00 UTC

 

f)

Place of the transaction

i)  Outside a trading venue

ii)  London Stock Exchange, Main Market (XLON)

iii)  Outside a trading venue

iv)  London Stock Exchange, Main Market (XLON)

v)  Outside a trading venue

vi)  London Stock Exchange, Main Market (XLON)

vii)  Outside a trading venue

viii)  London Stock Exchange, Main Market (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

Steven Levin

2

Reason for the notification


a)

Position/status

CEO at Quilter's investment platform (Old Mutual Wealth) and Quilter Investors - PDMR

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor


a)

Name

Quilter plc

b)

LEI

54930092XIVK28RZGM95

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted


a)

Description of the financial instrument, type of instrument Identification code

Ordinary shares with a nominal value of £0.07 each ("Shares")

GB00BDCXV269

b)

Nature of the transaction

i)  Vesting of 44,731 Shares pursuant to the 2017 Deferred Bonus award under the Phantom SRP

 

ii)  Sale of 44,731 Shares vested under i) above

 

iii)  Vesting of 64,072 Shares pursuant to the 2018 Deferred Bonus award under the Quilter SRP

 

iv)  Sale of 64,072 Shares vested under iii) above

 

v)  Vesting and exercise of 140,123 Nil-cost Options pursuant to the 2018 Long Term Incentive award under the Quilter PSP

 

vi)  Sale of 66,090 Shares vested under v) above to settle tax liability and dealing costs; the remaining 74,033 shares are subject to a minimum two-year holding period and subject to clawback during that period

 

vii)  Vesting of 63,635 Shares pursuant to the 2019 Deferred Bonus award under the Quilter SRP

 

viii)  Sale of 63,635 Shares vested under vii) above

 

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

i)  Nil

ii)  £1.651170

iii)  Nil

iv)  £1.651170

v)  Nil

vi)  £1.651170

vii)  Nil

viii) £1.651170

i)  44,731

ii)  44,731

iii)  64,072

iv)  64,072

v)  140,123

vi)  66,090

vii)  63,635

viii)  63,635

d)

Aggregated information

- Aggregated volume

- Price

i)  Consideration price: Nil

 

ii)  Sale price: £1.651170

 

iii)  Consideration price: Nil

 

iv)  Sale price: £1.651170

 

v)  Consideration price: Nil

 

vi)  Sale price: £1.651170

 

vii)  Consideration price: Nil

 

viii)  Sale price: £1.651170

 

e)

Date of the transaction

i)  2021-04-19

ii)  2021-04-19  15:35:00 UTC

iii)  2021-04-19

iv)  2021-04-19  15:35:00 UTC

v)  2021-04-19

vi)  2021-04-19  15:35:00 UTC

vii)  2021-04-19

viii)  2021-04-19  15:35:00 UTC

 

f)

Place of the transaction

i)  Outside a trading venue

ii)  London Stock Exchange, Main Market (XLON)

iii)  Outside a trading venue

iv)  London Stock Exchange, Main Market (XLON)

v)  Outside a trading venue

vi)  London Stock Exchange, Main Market (XLON)

vii)  Outside a trading venue

viii)  London Stock Exchange, Main Market (XLON)

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

Andrew McGlone

2

Reason for the notification


a)

Position/status

CEO, Quilter Cheviot - PDMR

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor


a)

Name

Quilter plc

b)

LEI

54930092XIVK28RZGM95

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted


a)

Description of the financial instrument, type of instrument Identification code

Ordinary shares with a nominal value of £0.07 each ("Shares")

GB00BDCXV269

b)

Nature of the transaction

i)  Vesting of 17,846 Shares pursuant to the 2017 Deferred Bonus award under the Phantom SRP

 

ii)  Sale of 17,846 Shares vested under i) above

 

iii)  Vesting of 40,819 Shares pursuant to the 2018 Deferred Bonus award under the Quilter SRP

 

iv)  Sale of 40,819 Shares vested under iii) above

 

v)  Vesting of 57,599 Shares pursuant to the 2018 Restricted Stock Unit award under the Quilter PSP

 

vi)  Sale of 57,599 Shares vested under v) above (note these shares remain subject to clawback for two years following vesting)

 

vii)  Vesting of 45,288 Shares pursuant to the 2019 Deferred Bonus award under the Quilter SRP

 

viii)  Sale of 45,288 Shares vested under vii) above

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

i)  Nil

ii)  £ 1.651170

iii)  Nil

iv)  £ 1.651170

v)  Nil

vi)  £ 1.651170

vii)  Nil

viii)  £ 1.651170

i)  17,846

ii)  17,846

iii)  40,819

iv)  40,819

v)  57,599

vi)  57,599

vii)  45,288

viii)  45,288

d)

Aggregated information

- Aggregated volume

- Price

i)  Consideration price: Nil

 

ii)  Sale price: £1.651170

 

iii)  Consideration price: Nil

 

iv)  Sale price: £1.651170

 

v)  Consideration price: Nil

 

vi)  Sale price: £1.651170

 

vii)  Consideration price: Nil

 

viii)  Sale price: £1.651170

 

e)

Date of the transaction

i)  2021-04-19

ii)  2021-04-19  15:35:00 UTC

iii)  2021-04-19

iv)  2021-04-19  15:35:00 UTC

v)  2021-04-19

vi)  2021-04-19  15:35:00 UTC

vii)  2021-04-19

viii)  2021-04-19  15:35:00 UTC

 

f)

Place of the transaction

i)  Outside a trading venue

ii)  London Stock Exchange, Main Market (XLON)

iii)  Outside a trading venue

iv)  London Stock Exchange, Main Market (XLON)

v)  Outside a trading venue

vi)  London Stock Exchange, Main Market (XLON)

vii)  Outside a trading venue

viii)  London Stock Exchange, Main Market (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

Mark Satchel

2

Reason for the notification


a)

Position/status

Chief Financial Officer - Director and PDMR

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor


a)

Name

Quilter plc

b)

LEI

54930092XIVK28RZGM95

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted


a)

Description of the financial instrument, type of instrument Identification code

Ordinary shares with a nominal value of £0.07 each ("Shares")

GB00BDCXV269

b)

Nature of the transaction

i)  Vesting of 51,833 Shares pursuant to the 2017 Deferred Bonus award under the Phantom SRP

 

ii)  Sale of 24,447 Shares vested under i) above to settle tax liability and dealing costs

 

iii)  Vesting of 81,641 Shares pursuant to the 2018 Deferred Bonus award under the Quilter SRP

 

iv)  Sale of 38,505 Shares vested under iii) above to settle tax liability and dealing costs

 

v)  Vesting and exercise of 174,152 Nil-cost Options pursuant to the 2018 Long Term Incentive award under the Quilter PSP

 

vi)  Sale of 82,140 Shares vested under v) above to settle tax liability and dealing costs; the remaining 92,012 shares are subject to a minimum two-year holding period and subject to clawback during that period

 

vii)  Vesting of 107,491 Shares pursuant to the 2019 Deferred Bonus award under the Quilter SRP

 

viii)  Sale of 50,699 Shares vested under vii) above to settle tax liability and dealing costs

 

ix)  Sale of 180,000 Shares

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

i)  Nil

ii)  £1.651170

iii)  Nil

iv)  £1.651170

v)  Nil

vi)  £1.651170

vii)  Nil

viii) £1.651170

ix)  £1.626300

 

i)  51,833

ii)  24,447

iii)  81,641

iv)  38,505

v)  174,152

vi)  82,140

vii)  107,491

viii)  50,699

ix)  180,000

 

d)

Aggregated information

- Aggregated volume

- Price

i)  Consideration price: Nil

 

ii)  Sale price: £1.651170

 

iii)  Consideration price: Nil

 

iv)  Sale price: £1.651170

 

v)  Consideration price: Nil

 

vi)  Sale price: £1.651170

 

vii)  Consideration price: Nil

 

viii)  Sale price: £1.651170

 

ix)  Sale price: £1.626300

 

e)

Date of the transaction

i)  2021-04-19

ii)  2021-04-19  15:35:00 UTC

iii)  2021-04-19

iv)  2021-04-19  15:35:00 UTC

v)  2021-04-19

vi)  2021-04-19  15:35:00 UTC

vii)  2021-04-19

viii)  2021-04-19  15:35:00 UTC

ix)  2021-04-20   07:59:52 UTC

f)

Place of the transaction

i)  Outside a trading venue

ii)  London Stock Exchange, Main Market (XLON)

iii)  Outside a trading venue

iv)  London Stock Exchange, Main Market (XLON)

v)  Outside a trading venue

vi)  London Stock Exchange, Main Market (XLON)

vii)  Outside a trading venue

viii)  London Stock Exchange, Main Market (XLON)

ix)  London Stock Exchange, Main Market (XLON)

 

Enquiries:

Patrick Gonsalves

Company Secretary

+ 44 (0)7391867081

 

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