30th Mar 2020 09:49
(Alliance News) - Wealth manager Quilter PLC on Monday extended the length of its share buyback programme.
Earlier in March, Quilter began a programme to repurchase up to GBP375 million of its stock, to reduce its share capital.
It was initially scheduled to close on May 6, though Quilter explained this has been extended to May 29, "to provide additional flexibility in administering the programme during volatile markets".
As of Friday's close, Quilter had repurchased GBP27.9 million of its shares.
In London, shares in the company were down 6.4% at 109.10 pence each in London on Monday morning. In Johannesburg, the stock was down 2.0% at ZAR23.78.
By Eric Cunha; [email protected]
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