UK Platform Transformation Programme
Buyback programme update and dividend outlook
Return of QLA sale net proceeds: Share buyback programme
Share buyback - Tranche 1
Total shares purchased
Total cash consideration
Average share price
Share buyback - Tranche 2a
Total shares purchased
Total headroom remaining
Average share price to date
Share buyback - Tranche 2b
Total cash consideration
Interim dividend
2020
2019
1.0p
1.7p1
41%
46%
43.2 million
Interim dividend
£50.2 million
Pay-out ratio²
116.14p
as at 7 August 2020
17.8 million
c.£49 million
144.10p
2020 interim dividend within dividend payout range
Cautious position given significant macro and business
uncertainties for H2 2020
Decision on overall 2020 pay-out ratio to be taken at FY20
Results - dependent on market conditions, share buyback
progress and business outlook, in line with policy
£50 million
Subject to further Board consideration: decision based on prevailing
market and business conditions following completion of Tranche 2a
FCA application for Buyback programme Tranche 3 to be submitted in due course
1.
2.
Inclusive of 0.43p contribution from Quilter Life Assurance.
Annualised.
Quilter
25View entire presentation