Firering Strategic Minerals: From explorer to producer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksQuindell Share News (QPP)

  • There is currently no data for QPP

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.
More News
17 Aug 2015 09:45

Quindell shares pop higher as new CEO is appointed

(ShareCast News) - Beleaguered insurance technology company Quindell has appointed Indro Mukerjee as its new chief executive with effect from 7 September. Mukerjee replaces Robert Fielding, who left Quindell in May, and the new appointment comes as the company is being investigated by the Serious Fr

Read more
17 Aug 2015 07:46

BUZZ-Quindell: New CEO appointment affords some reprieve

** Insurance claims processor Quindell up c.4.3 pct & 2nd top gainer on FTSE's junior AIM index ** Names Indro Mukerjee, who has worked previously at Philips Semiconductors, as chief exec, effective Sept. 7 ** Former CEO moved to Australian law firm Slater & Gordon after its purchase

Read more
17 Aug 2015 07:35

LONDON BRIEFING: Shares Open Firm Despite Further Declines For Miners

Read more
17 Aug 2015 06:59

Quindell Names New Chief Executive In Wake Of Accounting Scandal

Read more
17 Aug 2015 06:35

Quindell appoints new CEO amid SFO probe

Aug 17 (Reuters) - Quindell Plc, the insurance claims processor under investigation by Britain's anti-fraud watchdog, said it has appointed Indro Mukerjee as its new chief executive. The appointment of Mukerjee, who has previously worked with Philips Semiconductors BV and Hitachi, will be e

Read more
6 Aug 2015 17:45

UPDATE 2-Quindell shares slump 28 pct after trading resumes

* Insurance claims processor under investigation * Shares resume trade after 43-day suspension * Britain's SFO looking at accounting practices (Adds company comments, closing share price) By Noor Zainab Hussain and Vikram Subhedar LONDON, Aug 6 (Reuters) - Shares of Quin

Read more
6 Aug 2015 11:16

LONDON MARKET MIDDAY: Shares Down; BoE Votes 8-1 To Keep Rates On Hold

Read more
6 Aug 2015 11:00

TIMELINE-Once a market high-flyer, Quindell falls from grace

Aug 6 (Reuters) - Quindell Plc lost more than 221 million pounds ($345 million) of its market value within hours of the opening bell on Thursday, when shares of the troubled insurance claims processor resumed trading after being suspended since June 24. Once close to being one of London's b

Read more
6 Aug 2015 10:29

WINNERS & LOSERS SUMMARY: Quindell Shares Drop As Trading Is Restored

Read more
6 Aug 2015 08:40

Quindell shares slump 40 pct on market return

Aug 6 (Reuters) - Shares in insurance claims processor Quindell slumped on their resumption of trading on Thursday, after a suspension was lifted following publication of results in the company which is under investigation by Britain's anti-fraud watchdog. The stock, listed on the junior Al

Read more
6 Aug 2015 07:45

CORRECTED-UPDATE 2-UK anti-fraud agency to investigate claims firm Quindell (Aug 5)

(Corrects Aug. 5 story to say company's shares were halted on June 24, not June 29 in paragraph 13. The error also appeared in an earlier version.) Aug 5 (Reuters) - Britain's anti-fraud agency has launched an investigation into business and accounting practices at insurance claims processo

Read more
6 Aug 2015 07:45

CORRECTED-Quindell publishes delayed 2014 results, reports loss (Aug 5)

(Corrects Aug. 5 story to say trading in company's shares was halted on June 24, not June 29 in paragraph 2) Aug 5 (Reuters) - Quindell Plc, a technology and outsourcing company, reported a loss of 238 million pounds ($372 million) as it finally published its annual report for 2014 that was

Read more
6 Aug 2015 07:27

Quindell Slumps As Shares Are Restored Following Huge 2014 Loss

Read more
6 Aug 2015 07:16

BUZZ-Quindell: Slumps 40 pct as shares resume trading

** Insurance claims processor Quindell slumps 40 pct as London's junior market restores trading in the stock after 43 days. ** Stock sees 2 mln shares traded in the first 10 mins, by far the worst performer on the FTSE Intl-AIM All Share Index ** Trading in Quindell's shares was halte

Read more
6 Aug 2015 06:32

LONDON MARKET PRE-OPEN: Stocks Set For Lower Open On 'Super Thursday'

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.