12 May 2022
Quilter plc
Quilter plc Board Composition
As previously announced by Quilter plc (the "Company") on 23 March 2022, Glyn Jones stepped down as Chair and as a Director of the Company at the conclusion of the AGM. The search for a permanent successor to Mr Jones is progressing well and further details will be published to the market in due course.
Ruth Markland, Quilter's Senior Independent Director, was appointed as Chair of the Company with effect from the conclusion of the AGM. Tim Breedon, an existing Non-executive Director of the Company, has assumed the role of Senior Independent Director for the duration of Ruth Markland's period as Chair.
Glyn Jones said:
"I have enjoyed greatly the six years that I have spent as Chair of Quilter plc and wish the Quilter Board and the executive leadership team continued success in making Quilter a great business driven by strong values."
Paul Feeney, Chief Executive Officer, commented that:
"Quilter and I have benefitted enormously from the support and advice of Glyn Jones. His incisive mind and thoughtful, analytical approach has been of tremendous help to me and my management team through a period when we have faced many challenges."
Ruth Markland, Chair, thanked Glyn, saying:
"Glyn has worked tirelessly over the last six years to build and maintain a strong cohesive Board and to ensure that Quilter's management team were supported and challenged in equal measure. During his tenure, Quilter has matured into a business with firm foundations and a bright future and we thank him for the significant role he has played."
Result of Annual General Meeting 2022
Quilter plc announces that at its Annual General Meeting ("AGM") held earlier today, all the resolutions put to shareholders were passed by the requisite majorities. Resolutions 1 to 16 were passed as ordinary resolutions and resolutions 17 and 18 were passed as special resolutions.
The Company notes that more than 20% of the votes cast on resolution 16 ("To authorise political donations by the Company and its subsidiaries") were against that resolution.
The Company has actively engaged with our shareholders on this issue since Listing in 2018 and understand their concerns which reflect a difference in market practice for many of our South African shareholders. The Company will continue to engage with shareholders in accordance with the UK Corporate Governance Code and will provide an update on these discussions in due course.
The results of the poll are set out below.
|
|
Resolution |
Number of votes cast "For" the resolution |
% of votes cast "For" the resolution |
Number of votes cast "Against" the resolution |
% of votes cast "Against" the resolution |
Total number of votes cast |
% of issued share capital voted |
Number of votes Withheld |
| 1. |
To receive the 2021 Report and Accounts |
1,286,069,077 |
99.99 |
147,775 |
0.01 |
1,286,216,852 |
76.42% |
3,274,568 |
| 2. |
To approve the Remuneration Report (excluding the Directors' Remuneration Policy) |
1,232,142,217 |
95.56 |
57,226,368 |
4.44 |
1,289,368,585 |
76.61% |
122,580 |
| 3.
|
To approve the Directors' Remuneration Policy |
1,239,873,807 |
96.16 |
49,489,938 |
3.84 |
1,289,363,745 |
76.61% |
127,420 |
| 4. |
To declare a final dividend |
1,289,276,877 |
99.99 |
144,271 |
0.01 |
1,289,421,148 |
76.61% |
70,272 |
| 5. |
To re-elect Tim Breedon as a Director |
1,256,116,127 |
99.17 |
10,457,132 |
0.83 |
1,266,573,259 |
75.25% |
22,917,906 |
| 6. |
To re-elect Tazim Essani as a Director |
1,288,449,015 |
99.93 |
926,908 |
0.07 |
1,289,375,923 |
76.61% |
115,242 |
| 7. |
To re-elect Paul Feeney as a Director |
1,286,630,214 |
99.95 |
629,802 |
0.05 |
1,287,260,016 |
76.48% |
2,231,546 |
| 8. |
To re-elect Moira Kilcoyne as a Director |
1,288,750,288 |
99.95 |
625,228 |
0.05 |
1,289,375,516 |
76.61% |
115,649 |
| 9. |
To re-elect Ruth Markland as a Director |
1,268,634,915 |
98.47 |
19,747,117 |
1.53 |
1,288,382,032 |
76.55% |
109,133 |
| 10. |
To re-elect Paul Matthews as a Director |
1,288,460,323 |
99.93 |
919,470 |
0.07 |
1,289,379,793 |
76.61% |
111,372 |
| 11. |
To re-elect George Reid as a Director |
1,288,755,690 |
99.95 |
625,749 |
0.05 |
1,289,381,439 |
76.61% |
109,726 |
| 12.
|
To re-elect Chris Samuel as a Director |
1,276,874,059 |
99.03 |
12,502,976 |
0.97 |
1,289,377,035 |
76.61% |
114,130 |
| 13. |
To re-elect Mark Satchel as a Director |
1,288,254,492 |
99.91 |
1,132,138 |
0.09 |
1,289,386,630 |
76.61% |
104,932 |
| 14. |
To re-appoint Pricewaterhouse-Coopers LLP as Auditor of the Company |
1,287,089,706 |
99.82 |
2,297,344 |
0.18 |
1,289,387,050 |
76.61% |
104,370 |
| 15. |
To authorise the Board Audit Committee to determine the remuneration of the Auditor |
1,289,222,287 |
99.99 |
163,609 |
0.01 |
1,289,385,896 |
76.61% |
104,080 |
| 16. |
To authorise political donations or expenditure by the Company and its subsidiaries |
993,011,828 |
77.50 |
288,314,973 |
22.50 |
1,281,326,801 |
76.13% |
8,163,033 |
| 17. |
To authorise the Company to purchase its own shares* |
1,286,535,916 |
99.80 |
2,612,189 |
0.20 |
1,289,148,105 |
76.59% |
343,315 |
| 18. |
To authorise the Company to enter into Contingent Purchase Contracts* |
1,286,603,189 |
99.80 |
2,548,435 |
0.20 |
1,289,151,624 |
76.59% |
339,796 |
*Special resolution
Notes:
i. As at 6:30pm on 10 May 2022, the time by which shareholders who wanted to vote at the AGM must have been entered on the Company's register of members, the number of issued shares in the Company was 1,638,123,085 ordinary shares. In accordance with the Company's articles of association, on a poll every member present in person or by proxy had one vote for every share held.
ii. Votes withheld are not votes in law and therefore have not been counted in the calculation of the proportion of the votes for or against a resolution.
iii. All percentages are shown to two decimal places.
Pursuant to UK Listing Rule 9.6.2R, copies of all resolutions, other than those concerning ordinary business, passed at the AGM today will be submitted to and available for inspection at the National Storage Mechanism and will shortly be available to view at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The poll results will also be available shortly on the Company's website at plc.quilter.com/gm.
- ends -
Enquiries:
| |
|
| Investor Relations: John-Paul Crutchley
Keilah Codd
|
+44 (0)7741 385 251
+44 (0)7776 649 681 |
| Company Secretary: Patrick Gonsalves |
+44 (0)7391 867 081
|
| Camarco Geoffrey Pelham-Lane
|
+44 (0)20 3757 4985 |
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 oversees £107.2 billion in customer investments (as at 31 March 2022).
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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