Quindell PLC Update regarding discussions with Slater & Gordon (5649F)
23 February 2015 - 6:06PM
UK Regulatory
TIDMQPP
RNS Number : 5649F
Quindell PLC
23 February 2015
23 February 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")
Update regarding discussions with Slater & Gordon
Further to its announcement of 22 January 2015, Quindell Plc
(AIM: QPP.L) notes the further press speculation and announces that
it has extended Slater & Gordon Limited's ("SGH") exclusivity
period relating to the possible disposal of the professional
services division ("PSD") of the Group to 31 March 2015.
Discussions are progressing with SGH and the indicative terms
being discussed would imply a significant premium to the Company's
market capitalisation at the close of trading on 20 February
2015.
There can be no certainty that these discussions will lead to an
offer for, or the disposal of, the PSD. Further announcements will
be made, as appropriate, in due course.
-ends-
For further information:
Quindell Plc
David Currie, non-Executive Interim Chairman Tel: 01489 864200
Robert Fielding, Group Chief Executive
Stephen Joseph, Head of Investor Relations
Cenkos Securities plc, Nominated Adviser
and broker Tel: 020 7397
Stephen Keys / Mark Connelly 8900
Tulchan Communications
Susanna Voyle / Victoria Huxster Tel: 020 7353
4200
This information is provided by RNS
The company news service from the London Stock Exchange
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