23rd Feb 2015 07:06
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 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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