26 Nov 2014 16:33
Quindell Plc ("Quindell" or the "Company" or the "Group")
NOTIFICATION OF MAJOR INTEREST IN SHARES
Quindell Plc (AIM: QPP.L), a market leading global provider of professional services and digital solutions, announces that Robert Terry has informed the Company that he received a notice of margin call under the agreement with Equities First Holdings LLC ("EFH") referred to in the announcement of 10 November 2014 (the "Agreement").
Mr Terry did not meet this margin call which, consequently, has led to the termination of the Agreement. As a result, his right to repurchase 8,850,000 ordinary shares of 15 pence each ("Ordinary Shares") transferred by him to EFH under the Agreement will be terminated with effect as of today. Following the termination of the Agreement, Mr Terry will be interested in a total of 38,100,000 Ordinary Shares representing 8.73% of the total issued ordinary share capital of the Company.
For further information:
Quindell Plc Tel: 01489 864200
David Currie, non-Executive Interim Chairman
Robert Fielding, Group Chief Executive
Stephen Joseph, Head of Investor Relations
Cenkos Securities plc, Nominated Adviser and broker Tel: 020 7397 8900
Stephen Keys/Mark Connelly
Bell Pottinger Tel: 020 3772 2562
Victoria Geoghegan/Will Powell