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16 Mar 2015 11:22
16 March 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")
Press speculation
Quindell Plc (AIM: QPP.L) notes the Sunday Times article dated 15 March 2015 and confirms that it remains in discussion with Slater & Gordon Limited ("SGH") regarding the possible disposal of the professional services division ("PSD") of the Group. Quindell confirms that a number of deal structures have been discussed with SGH including one with an up front value of £640 million and a share of receipts from settlement of Noise Induced Hearing Loss cases. However, there can be no certainty that these discussions will lead to any offer, or the disposal of, the PSD. Further announcements will be made, as appropriate, in due course.
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For further information:
Quindell Plc David Currie, non-Executive Interim Chairman Robert Fielding, Group Chief Executive Stephen Joseph, Head of Investor Relations
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Tel: 01489 864200 |
Cenkos Securities plc, Nominated Adviser and broker Stephen Keys / Mark Connelly
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Tel: 020 7397 8900
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Tulchan Communications Susanna Voyle / Victoria Huxster |
Tel: 020 7353 4200 |
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