Quilter has appointed Goldman Sachs International to manage the second tranche of its share buyback programme, worth up to 30 million pounds. The wealth management company launched a 100-million-pound buyback in March to reduce share capital, and has so far repurchased 40 million pounds worth of shares. The second tranche will run from June 22 to September 30, with a maximum aggregate purchase price of 30 million pounds and a cap of 133.62 million shares. Repurchased shares will be cancelled, and the board will keep the programme under review to ensure efficient capital returns.
Quilter PLCQuilter announces second tranche of share buyback, returning capital to shareholders.
Goldman Sachs Group IncGoldman Sachs appointed to manage buyback tranche, generating fee income.