London Stock Exchange welcomes Quilter plc to the main market
London Stock Exchange today welcomes Quilter plc (“Quilter”), a leading provider of advice, investments and wealth management, to celebrate its admission to the premium listing segment of the FCA’s Official List and to trading on the London Stock Exchange’s main market for listed securities. The shares will also have a secondary inward listing on the Main Board of the Johannesburg Stock Exchange. Following a secondary offering of £239m (pre an over-allotment option), Quilter’s ordinary shares will commence trading today with a market capitalisation of £2,758m.
Quilter offers a combination of advice, investments and wealth management in the UK and in selected international markets. Managing £111.6 billion of investments on behalf of over 900,000 customers (as at 31 March 2018), there are two ways a customer can choose to access Quilter’s model; through one of their own financial advisers employed by or affiliated to the Quilter Group or through a third party financial adviser. Designed for customer choice, Quilter is a modern wealth manager whose purpose is to help create prosperity for the generations of today and tomorrow.
Paul Feeney, CEO of Quilter plc, comments:
“Today is an important milestone in the history of our business and I am immensely proud of what we have achieved. We are delighted to be in a position to list as a standalone business and are excited by the opportunities ahead of us.
“We are making good progress towards our vision of becoming the UK’s leading wealth management business. Our proven multi-channel business model is delivering value for our customers, advisers and shareholders. Having established leading positions across one of the largest wealth management markets in the world, and it is a structural growth market, I believe we have great momentum to build on our success and a bright future ahead.”