26 Nov 2015 14:42
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Don't have an account? Click here to register.Quindell plans to return GBP415m to shareholders
Mon, 02nd Nov 2015 11:40
(ShareCast News) - Beleaguered insurance technology group Quindell announced plans to return £415m to shareholders in December following the sale of its professional services division, subject to court approval.The company, which is currently being investigated by the Serious Fraud Office over its accounting policies, said it will repay 90p per share and a further 10p per share in cash following the anticipated release at the end of 2016 of the £50m warranty escrow put in place as part of the disposal.Quindell said that as previously announced, it will make further distributions as contingent consideration from the disposal of the PSD is realised.The company said it has performed a preliminary valuation exercise based on the information available at the point of disposal and has determined that a prudent estimate of the current value of the contingent consideration is around £39.6m.Quindell expects to issue a circular relating to the capital repayment to shareholders on 11 November 2015, with a court hearing to follow on 16 December 2015.At 1150 GMT, Quindell shares were down 2% at 100.25p.
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19 Nov 2015 16:22
9 Nov 2015 14:29
Quindell confirms capital return plans and Watchstone rebrand
(ShareCast News) - Insurance technology group Quindell outlined its capital return plans on Monday and said it was seeking shareholder approval to rebrand itself as Watchstone Group. The company, which is currently being investigated by the Serious Fraud Office (SFO) over its accounting policies, sa
Read more4 Nov 2015 12:53
Quindell completes Canadian physiotherapy purchase
(ShareCast News) - Quindell has completed the acquisition of Canadian physiotherapy and rehabilitation services provider PT Healthcare Solutions, in exchange for new shares. Small cap favourite Quindell, which recently confirmed it intended to pay a 90p-per-share special dividend in December, bought
Read more30 Sep 2015 08:10
Beleaguered Quindell posts drop in interim revenues
(ShareCast News) - Beleaguered insurance technology company Quindell, which is being investigated by the Serious Fraud Office over its accounting policies, posted a drop in revenue and a pre-tax loss for the first half of the year. For the six months ended 30 June, the pre-tax loss came in at £35.46
Read more9 Sep 2015 09:19
Quindell buys remaining stake in PT Healthcare Solutions
(ShareCast News) - Beleaguered insurance technology company Quindell has agreed to buy the remaining 50.1% stake that it does not already own in Canada's PT Healthcare Solutions. Under the terms of the deal, which is expected to complete in mid-October, Quindell will issue 9.47m ordinary shares of 1
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