March 11, 2020 / 8:58 AM / a month ago

BRIEF-Quilter To Undertake A Capital Return Of 375 Mln Stg To Shareholders

March 11 (Reuters) - Quilter PLC:

* PROPOSED A FINAL DIVIDEND OF 3.5 PENCE PER SHARE TO PROVIDE A FULL YEAR DIVIDEND OF 5.2 PENCE PER SHARE

* TO UNDERTAKE A CAPITAL RETURN OF £375 MILLION TO SHAREHOLDERS FROM NET SURPLUS PROCEEDS FROM QUILTER LIFE ASSURANCE SALE

* SHARP CORONAVIRUS INDUCED MARKET CORRECTION BEGINNING IN LATE FEBRUARY HAS CREATED A LEVEL OF UNCERTAINTY AS TO OUTLOOK FOR REST OF 2020 Source text for Eikon: Further company coverage:

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