Disposal

RNS Number : 2909S

Quilter PLC

12 November 2021

 

12 November 2021

Quilter plc

Quilter International Sale Completion Anticipated to be 30 November 2021

Further to the announcement of the proposed disposal of Quilter International to Utmost Group plc ("Utmost") on 1 April 2021, Quilter plc ("Quilter") is pleased to note that Utmost has received all regulatory and competition approvals and non-objections required for the transaction and the sale is therefore expected to complete on 30 November 2021.

As announced in its Capital Markets Day on 3 November 2021, Quilter continues to expect gross cash proceeds from the sale to be c.£480 million, representing the base sale price of £460 million plus c.£20 million of interest on the base sale price since 1 January 2021.

**Ends**

Enquiries

Investor Relations:

John-Paul Crutchley  [phone]

Keilah Codd  [phone]

Media:

Tim Skelton-Smith  [phone]

Camarco: 

Geoffrey Pelham-Lane  [phone]

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 £108.5 billion in customer investments (as at 30 September 2021, continuing business basis).

It has an adviser and customer offering spanning: financial advice, investment platforms, multi-asset investment solutions, and discretionary fund management.

The business is being reorganised into two segments: Affluent and High Net Worth.

Affluent encompasses the financial planning businesses, Quilter Financial Planning, the Quilter Investment Platform and Quilter Investors, the Multi-asset investment solutions business.

High Net Worth includes the discretionary fund management business, Quilter Cheviot, together with Quilter Private Client Advisers.

 

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