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Quindell PLC (WTG)

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Wednesday 26 November, 2014

Quindell PLC

NOTIFICATION OF MAJOR INTEREST IN SHARES

RNS Number : 1106Y
Quindell PLC
26 November 2014
 



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                                                                                         

 

 


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