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Quilter buys back shares in London and Johannesburg and plans to cancel them

Quilter plc purchased 5,431,489 ordinary shares on the London Stock Exchange and 1,350,160 ordinary shares on the Johannesburg Stock Exchange between 22 and 26 June 2026. The London purchases cost £10,369,532.47 including fees; the Johannesburg purchases cost ZAR 56,040,378.56 (approx. £2,572,950.27). The company inten

In a fresh round of capital returns, Quilter has been buying in its own stock on both sides of its listing. Between 22 and 26 June 2026 the company repurchased 5,431,489 ordinary shares on the London Stock Exchange for £10,369,532.47 including fees, and 1,350,160 shares on the Johannesburg Stock Exchange for 56,040,378.56 South African rand (about £2,572,950.27). Quilter says these shares will be cancelled.

The dual‑market execution shows the firm is leaning on liquidity in both London and Johannesburg to shrink its share count, a move that typically lifts earnings per share for remaining investors. Splitting purchases across the two venues can also help balance price impact and meet local demand, while signaling confidence in the balance sheet and cash generation. The South African leg, though smaller than the London tranche, underscores the company’s commitment to treating both registers consistently.

Bottom line: Quilter is retiring stock bought in London and Johannesburg, reducing the number of shares in issue. Watch for the formal cancellation to take effect, any update on the remaining capacity of its buyback programme, and whether future trading windows bring similar cross‑market repurchases.

For more detail, read the full announcement.

Source: JSE SENS