Quilter plc has continued its on‑market share repurchases on both the London Stock Exchange and the Johannesburg Stock Exchange, buying more shares between 6 and 10 July 2026 and stating it will cancel what it acquires. Since the programme began on 4 March 2026, the company has purchased 28,889,746 shares in London for £53,695,452.02 and 7,598,370 shares in Johannesburg, with trades executed by Goldman Sachs International.
The decision to cancel the bought‑back shares points to a deliberate reduction in the company’s share count rather than simply holding them in treasury. That typically amplifies future earnings per share and can support valuation metrics if operating performance holds up. Running the buyback across both London and Johannesburg also spreads the impact across Quilter’s investor bases and may help manage pricing and liquidity on each venue.
For South African holders, cancellation will trim the free float on the Johannesburg Stock Exchange and could marginally affect trading depth and index weightings over time, while day‑to‑day pricing will continue to be influenced by movements in sterling and the rand. Watch for updates on the remaining capacity of the buyback authority, the cadence of purchases through the rest of the year, and confirmation of share cancellations alongside the next trading update or results.
For more detail, read the full announcement.