Key Developments: Quindell PLC (QPP.L)

QPP.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Quindell Portfolio PLC announces acquisition of remaining 50.1% of PT Healthcare
Wednesday, 9 Sep 2015 02:01am EDT 

Quindell Portfolio PLC:Says to acquire the remaining 50.1% stake that it does not already own in PT Healthcare Solutions Corporation.The consideration for the issue of 9,466,666 ordinary shares of 15 pence each in the company.Completion of the acquisition is expected to take place in mid Oct.  Full Article

Quindell Plc confirms new Group Chief Executive
Monday, 7 Sep 2015 02:00am EDT 

Quindell Plc:Says that it confirms the appointment of new Group Chief Executive, Indro Mukerjee, who will join the Board with immediate effect.  Full Article

Quindell completes disposal of professional services division
Friday, 29 May 2015 06:35am EDT 

Proposes sale of its Professional Services Division to Slater and Gordon Limited for an initial cash consideration of 637 mln pounds and further contingent cash consideration and certain Board changes that would follow completion of that disposal:Following approval from shareholders, the Solicitors Regulation Authority and the Financial Conduct Authority, Completion has now occurred.  Full Article

Quindell PLC announces Mark Williams will become Group Finance Director
Tuesday, 14 Apr 2015 02:00am EDT 

Quindell PLC:Says that Mark Williams will become Group Finance Director and will join Board with effect from completion.Williams has been working as an integral member of the consultancy team appointed to assist the Board in Jan. 2015.  Full Article

Quindell PLC announces proposed sale of professional services division
Monday, 30 Mar 2015 02:05am EDT 

Quindell PLC:Entered into conditional sale and purchase agreement to dispose of Professional Services Division (PSD) to Slater and Gordon Limited (SGH).Says disposal for an initial cash consideration of 637 mln Pound and further contingent cash consideration payable in respect of future settlement of its clients' noise induced hearing loss (NIHL) cases (Disposal).In addition, company will, as soon as practicable, post circular relating to disposal and notice convening General Meeting of company to be held on April 17 to approve disposal.  Full Article

Quindell PLC announces disposal of holding in Nationwide Accident Repair Services plc
Thursday, 5 Mar 2015 02:02am EST 

Quindell PLC:Announces disposal of Quindell's minority investment in Nationwide Accident Repair Services plc.Says its entire holding of 10,930,423 ordinary shares in Nationwide Accident Repair Services plc was sold on March 4 at a price of 65 pence per share realising net proceeds of about 7.1 mln pounds.Says proceeds of sale will be applied towards general working capital purposes.  Full Article

Slater & Gordon Limited announces arrangements with Quindell
Thursday, 22 Jan 2015 07:00pm EST 

Slater & Gordon Limited:Says that it has entered into exclusivity arrangements with Quindell in respect of discussions relating to a possible disposal of an operating division of the Quindell Group.These discussions remain preliminary and incomplete.As part of these arrangements, SGH is completing due diligence on a portfolio of Quindell personal injury litigation case files with rights to take a transfer of files over the coming months.Contrary to press speculation today, SGH has not submitted any offer or proposal beyond the file transfer transaction.The file transfer transaction is not material.  Full Article

Quindell PLC announces number of new or extended contracts
Wednesday, 10 Dec 2014 10:16am EST 

Quindell PLC:Says a number of new or extended contracts demonstrating the ongoing support of customers to the Group.Swinton Group Limited, one of UK's insurance brokers signs a multi-year contract renewal with Quindell.Renewal will see Quindell continue to exclusively handle all aspects of the motor claims process for Swinton, including accident management, hire, repair services, legal services and rehabilitation.In addition, the Group has also signs a contract renewal with Insurethebox, provider of telematics insurance, for Quindell's ICE Policy administration solution and ICE Rating engine for a further three years.Quindell continues to provide all insurethebox's core administration technology as they also use our ICE Claims product.  Full Article

Quindell Plc announces response to speculation
Friday, 28 Nov 2014 02:00am EST 

Quindell Plc:Confirms that, contrary to speculation, it has not lost a contract with a large claims management firm based in the North West of England and relationships with partners and customers remain strong.Says further, it confirms that the other negative statements in the same article are also untrue.  Full Article

Quindell PLC announces directorate change
Tuesday, 18 Nov 2014 02:01am EST 

Quindell PLC:Announces that Robert Terry, the company's chairman, has resigned from the board of directors with immediate effect.Says David Currie will become non-executive interim chairman of the company with immediate effect and a process has begun to find a new chairman.Says Laurence Moorse, group finance director, has agreed with the company that, following the 2015 Annual General Meeting of the company, he will step down from the Board.Says Moorse has agreed to remain with the company thereafter for a period of up to twelve months in order to effect an orderly handover.  Full Article

BRIEF-Quindell posts H1 profit of 414.5 mln stg

* Half year revenue from continuing operations 35.3 million stg versus 42.8 million stg year ago

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