Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Quindell Portfolio (QPP)

  Print      Mail a friend       Annual reports

Tuesday 15 May, 2012

Quindell Portfolio

Offer Update and Unconditional in all respects

RNS Number : 4148D
Quindell Portfolio PLC
15 May 2012
 



Mandatory Cash Offer with Share Alternative

for

Ai Claims Solutions Plc ("Ai Claims")

by

Quindell Portfolio plc ("Quindell")

 

Offer Update and Unconditional in all respects

 

As at 1.00pm on 15 May 2012, Quindell had received valid acceptances under the Mandatory Cash Offer with Share Alternative in respect of a total of 10,359,922 Ai Claims Shares, representing approximately 16.86 per cent. of the existing issued share capital of Ai Claims and 75.88 per cent. of the Ai Claims Shares to which the Offer relates, of which elections have been made:

 

§   in respect of 8,893,118 Ai Claims Shares, under the Cash Option;

 

§   in respect of 1,460,099 Ai Claims Shares, under the Lock-In Option; and

 

§   in respect of 6,705 Ai Claims Shares, under the Orderly Market Option.

 

Prior to today's announcement, Quindell owned 47,292,558 Ai Claims Shares, representing approximately 77.6 per cent. of the existing issued share capital of Ai Claims. The Offer was unconditional in all respects upon being made on 24 April 2012.

 

Accordingly, Quindell now owns or has received valid acceptances in respect of a total of 57,652,480 Ai Claims Shares, representing, in aggregate, approximately 94.6 per cent. of the issued share capital of Ai Claims. In accordance with Rule 31.4 of the City Code, Quindell announces that the Offer will remain open for acceptance for a further 14 days, until 1:00 pm on 29 May 2012 and will not be extended beyond such time and date.

 

Settlement of consideration

 

Settlement of the consideration to which Ai Claims Shareholders are entitled pursuant to acceptances of the Offer shall be dispatched (or, in the case of Ai Claims Shareholders holding their Ai Claims Shares held in uncertificated form, shall be credited through CREST) in accordance with the Offer Document, as follows:

 

(i)         acceptances under the Cash Option

 

In the case of Ai Claims Shareholders who have validly accepted the Offer under the Cash Option by 1.00 p.m. on 15 May 2012, on or before 29 May 2012; and in the case of Ai Claims Shareholders who validly accept the Offer under the Cash Option after 1.00 p.m. on 15 May 2012 and by 1:00 pm on 29 May 2012, within 14 days of the receipt of such acceptances.

 

(ii)        acceptances under the Lock-In Option and the Orderly Market Option

 

Application has been made for a total of 4,692,426 New Quindell Shares due in respect of acceptances under the Lock-In Option and the Orderly Market Option to be admitted to trading on AIM. Admission of these New Quindell Shares is expected to occur on 17 May 2012.  Following such Admission Quindell will have a total of 2,633,731,351 Quindell Shares in issue.  Application for Admission of New Quindell Shares due in respect of acceptances under the Lock-In Option and the Orderly Market Option after 1.00 p.m. on 15 May 2012 and by 1:00 pm on 29 May 2012 will be made within 14 days of the receipt of such acceptances.

 

Cancellation of trading on AIM

 

At the request of Quindell, Ai Claims has notified the London Stock Exchange of its intention to seek a cancellation of admission to trading on AIM of Ai Claims Shares (the "Cancellation"). As a consequence, Ai Claims will shortly be sending  a circular to Ai Shareholders convening a general meeting (the "General Meeting") where it will seek approval from Ai Shareholders for the Cancellation. Quindell has already indicated that it will vote in favour of the Cancellation and, given its shareholding in Ai Claims, it is expected that the Cancellation will be approved at the General Meeting.  Ai Claims Shareholders who have not yet validly accepted the Offer are, therefore, urged to do so as soon as possible.

 

Following the Cancellation becoming effective, Quindell intends to re-register Ai Claims as a private company under the relevant provisions of the Companies Act 2006. The Cancellation and re-registration of Ai Claims as a private company would significantly reduce the liquidity and marketability of any Ai Claims Shares which have not been acquired by Quindell. Following the Cancellation becoming effective, there will be no future market for Ai Claims Shareholders to realise their investment in Ai Claims. Ai Claims Shareholders will still be able to buy and sell Ai Claims Shares on AIM prior to the Cancellation becoming effective.

 

Terms defined in the Offer Document dated 24 April 2012 have the same meaning in this announcement.

 

 

For further information:

Quindell Portfolio Plc
Rob Terry, Chairman & Chief Executive

 

Laurence Moorse, Group Finance Director


Tel: 01329 830 501

terryr@quindell.com

Tel: 01329 830 543

moorsel@quindell.com

Cenkos Securities plc
(Nominated adviser and broker)
Stephen Keys /Adrian Hargrave(Corporate Finance)

Alex Aylen / Andy Roberts (Sales)

 


Tel: 020 7397 8900

 

Media Enquiries
RedleafPolhill Limited

Rebecca Sanders-Hewett

Jenny Bahr

 

Quindell Portfolio Plc
Gillian Baker, Investor Relations

 

 

Tracey Terry, Chief Communications Officer

 

 


Tel: 020 7566 6720

quindell@redleafpolhill.com

 

 

Tel: 01329836724 

bakerg@quindell.com

 

Tel: 01329 830 501

terrylt@quindell.com

Ai Claims Solutions Plc

David Sandhu, Chief Executive

 

Peter Harrison, Chief Financial Officer

 

 

Tel: 0844 571 3108

 

           Tel: 0844 571 3200

Shore Capital & Corporate Limited

 

Stephane Auton / Patrick Castle

 

 

Tel: 020 7408 4090

 



 



 

Cenkos Securities plc, which is authorised and regulated in the United Kingdom by the FSA, is acting exclusively for Quindell and no one else in connection with the contents of this announcement, and accordingly, Cenkos will not be responsible to anyone other than Quindell for providing the protections offered to clients of Cenkos nor for providing advice in relation to any matter referred to herein.

Shore Capital & Corporate Limited, which is authorised and regulated in the United Kingdom by the FSA, is acting exclusively for Ai Claims and no one else in connection with the contents of this announcement, and accordingly, Shore Capital will not be responsible to anyone other than Ai Claims for providing the protections offered to clients of Shore Capital nor for providing advice in relation to any matter referred to herein.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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