Quindell Plc is a provider of innovative and sector leading expertise in Insurance Technology, Usage Based Insurance (UBI), and Connected Car Telematics.

We provide a complete set of advanced end-to-end solutions for Insurers; with industry proven UBI and gamification, claims, policy and analytics software.

Our brands work across the Insurance industry driving enhanced customer engagement with social media expertise and improved business process service management with the reassurance of unrivalled industry knowledge and enterprise technology software.

NEWS

02nd Nov 2015 Capital return update
30th Sep 2015 Interim Results Presentation For The Six Months Ended 30 June 2015
30th Sep 2015 Interim Results for the six months ended 30 June 2015
17th Aug 2015 Board appointment/Change of Nominated Adviser
06th Aug 2015 RESTORATION OF TRADING ON AIM
05th Aug 2015 Regulatory update
05th Aug 2015 Results and publication of Report and Accounts for the year ended 31 December 2014

EVENTS

26th Nov 2015 General Meeting
Insurance Telematics Europe 2015(14th-15th April | Park Plaza Victoria London, UK)


WEBSITES


DEDICATED & UPDATED POSTS

Ingenie



'Would you kindly' post Views/Speculations on one of the many other QPP threads,cheers.

Quindell Legal Services the World's Largest Public Company Law Firm

...Quindell Legal Services acquired the legal practices of Silverbeck Rymer, Pinto Potts and The Compensation Lawyers in December 2012. During April and May 2013 Quindell Legal Services acquired the brands Accident Advice Helpline, Fast Claim PPI and the legal costs practice of Compass Law. The activities of these businesses have now been brought together under the umbrella of Quindell Legal Services.

Quindell Legal Services is an SRA approved Alternative Business Structure (ABS) and operates a fully in house 24/ 7 service from 6 locations in the UK, employing circa 750 members of staff.

Quindell Legal Services now offers the full range of specialist personal injury claims services ranging from road traffic accidents to employer’s liability and public liability in addition to family law, conveyancing and wills and probate services

Quindell Legal Services is now one of the largest providers of personal injury claims services in the UK, helping tens of thousands of injured people every year get the compensation they deserve.

****************************************************************
Quindell Health Services the Longest established Leading Provider of Medical Evidence

...Quindell Health now incorporates Mobile Doctors, the longest established and a leading provider of medical evidence with over 20 years experience within the medico-legal market...

The company is one of the leading suppliers of medical evidence and treatments for personal injury claims. It provides independent and objective medical evidence via a national panel of medical experts and therapists and offers a full-service, integrated, multi-disciplinary rehabilitation service, which delivers a measurably faster return to work/function times and clear cost benefits.

Quindell has a market leading position with 11% of UK medical reports, associated with Personal Injury, processed by the business. Through its acquisition of Overland Health, Quindell Health is a full-service, integrated rehabilitation supplier to the insurance industry, employers and occupational health providers.

This service was established in 2009 with a completely new vision for serving the rehabilitation market offering clients a unique multi-disciplinary rehabilitation service through the use of its cloud-based technology, evidence-based assessment and management tools, and outcome focused programmes. Its rehabilitation offering includes physiotherapy, psychological counselling and injury case management including specialist medical treatments.

**************************************************************

Quindell Business Process Services

...Quindell Business Process Services manage motor claims, from the initial incident through to final resolution, referred to us by a growing number of leading insurance companies, brokers, bodyshops and fleet companies across the UK...

Through its acquisition of Ai Claims Solutions, Quindell Business Process Services (QBPS) has a reputation as being at the forefront of ethical claims management.

The business has been operating in this market since 1999 working in partnership with leading brands including RSA, Motability, Ageas, Groupama, Covea, Bluefin, The Co-operative and the RAC. QBPS manages motor claims, from the initial incident through to final resolution, referred to them by a growing number of leading insurance companies, brokers, bodyshops and fleet companies across the UK.

QBPS also acts on behalf of insurance companies where they have insured the negligent party, providing a cost-predictable claims service, avoiding unnecessary cost escalation.

We believe the QBPS’ service is the most efficient, proactive, customer focused and ethically managed service for motor claimants in the marketplace today. As the most ethical outsource provider in the market, the QBPS’ relationship with the major insurance companies and brokers is second to none, as demonstrated by never writing down any debt in the last 8 years of operation as a public company.

NEWS

24th Jun 2015 TEMPORARY SUSPENSION OF TRADING ON AIM
29th May 2015 Completion of Disposal
30th Apr 2015 Disposal Update
17th Apr 2015 Result of General Meeting and Disposal Update
14th Apr 2015 Board Appointment
01st Apr 2015 Shareholder Circular Correction
30th Mar 2015 Proposed sale of the Professional Services Division
05th Mar 2015 Update and Issue of Equity
27th Feb 2015 UPDATE
23rd Feb 2015 Update regarding discussions with Slater & Gordon
18th Feb 2015 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(Morgan Stanley)
16th Feb 2015 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(Morgan Stanley)
11th Feb 2015 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(Toscafund)
02nd Feb 2015 Press speculation
22nd Jan 2015 Press Speculation
12th Jan 2015 Grant of options
12th Jan 2015 Update and Board appointments
09th Jan 2015 Press Speculation
07th Jan 2015 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(Toscafund)
02nd Jan 2014 Contract Updates
10th Dec 2014 Contract Updates
10th Dec 2014 Notification of change in major interest of shares(Robert Terry)
08th Dec 2014 Trading Update
28th Nov 2014 Response to Speculation

Ingenie UK






Ingenie Canada

Major Shareholders

The directors have been notified, or are aware of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 14th September 2015.



Name...........................................No. of Shares.............. % Holding
M&G Investments (Prudential)...........29,166,666..................6.55%
Beach Point Capital Management LLP..22,431,859..................5.04%

Sub Total........................................51,598,525..................11.59%

Current Total Shares in issue 444,959,317 as at 14th September 2015 with none being held as treasury and <0.01% being held “not in public hands” i.e. held by directors, trustees of employee share schemes / pension funds or any other substantial shareholders (>10%).

http://www.quindell.com/investors/

Major Shareholders

The directors have been notified, or are aware of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 24th August 2015.

Name-----------------------------------Total Interest--------------% Holding
M&G Investments (Prudential)---------29,166,666------------------6.55%
Beach Point Capital Management LLP--14,240,735------------------3.20%

Sub Total--------------------------------43,407,401-----------------9.75%


Major Shareholders

The directors have been notified, or are aware of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 29th May 2015.


Name-----------------------------------Total Interest--------------% Holding
M&G Investments (Prudential)---------29,166,666 -----------------6.55%%

Sub Total--------------------------------29,166,666------------------6.55%%


Current Total Shares in issue 444,959,317 as at 29th May 2015 with none being held as treasury and <0.01% being held “not in public hands” i.e. held by directors, trustees of employee share schemes / pension funds or any other substantial shareholders (>10%).

Major Shareholders

The Company has been notified of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 8th April 2015:

Name-----------------------------------Total Interest--------------% Holding
M&G Investments (Prudential)---------29,166,666 -----------------6.61%

Sub Total--------------------------------29,166,666-----------------6.61%


Major Shareholders

The Company has been notified of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 12th March 2015:



Name-----------------------------------Total Interest--------------% Holding
M&G Investments (Prudential)---------29,166,666 -----------------6.63%

Sub Total--------------------------------29,166,666-----------------6.63%



Major Shareholders

The Company has been notified of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 25th February 2015:



Name-----------------------------------Total Interest--------------% Holding
M&G Investments (Prudential)---------29,166,666-----------------6.68%

Sub Total--------------------------------29,166,666-----------------6.68%


Major Shareholders

The Company has been notified of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 19th February 2015:


Name-------------------------------------Total Interest------------------% Holding
M&G Investments (Prudential)----------29,166,666----------------------6.68%
Fidelity Management and Research-----21,398,267----------------------4.90%
Toscafund Asset Management LLP------21,385,903----------------------4.90%

Sub Total----------------------------------71,950,836----------------------16.48%


Major Shareholders

The Company has been notified of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 18th February 2015:



Name-----------------------------------Total Interest--------- % Holding
M&G Investments (Prudential)---------29,166,666------------6.68%
Fidelity Management and Research----21,398,267------------4.90%
Toscafund Asset Management LLP-----21,385,903------------4.90%
Morgan Stanley & Co. Inter.plc------ 21,942,446-------------5.03%

Sub Total--------------------------------93,893,282-----------21.51%

Major Shareholders

The Company has been notified of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 11th February 2015:



Major Shareholders Information

Name-----------------------------------Total Interest--------- % Holding
M&G Investments (Prudential)---------29,166,666------------6.68%
Fidelity Management and Research----21,398,267------------4.90%
Toscafund Asset Management LLP-----21,385,903------------4.90%

Sub Total--------------------------------74,028,717-----------16.48%


Major Shareholders

The Company has been notified of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 8th January 2015:

Name-----------------------------------Total Interest---------% Holding
M&G Investments (Prudential)---------29,166,666------------ 6.68%
Toscafund Asset Management LLP-----23,463,784------------ 5.38%
Fidelity Management and Research----21,398,267------------4.90%

Sub Total-------------------------------- 74,028,717------------16.96%

Major Shareholders

The Company has been notified of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 16th December 2014:

Name----------------------------------Total Interest-------------% Holding
M&G Investments (Prudential)--------29,166,666----------------- 6.68%
Fidelity Management and Research---21,398,267-----------------4.90%

Sub Total--------------------------------50,564,933-----------------11.58%

Major Shareholders

The directors have been notified, or are aware of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of the Quindell Plc as at 11th December 2014.


Name----------------------------------Total Interest-------------------% Holding
M&G Investments (Prudential)--------29,166,666-----------------------6.68%
Fidelity Management and Research---21,398,267-----------------------4.90%
Investec Asset Management-----------14,784,785-----------------------3.39%

Sub Total--------------------------------65,349,718----------------------14.97%

Major Shareholders

The directors have been notified, or are aware of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of the Quindell Plc as at 3rd December 2014.

Name-----------------------------------Total Interest-------------% Holding
Robert Terry (2) ------------------------38,100,000----------------- 8.73%
M&G Investments (Prudential)---------29,166,666----------------- 6.68%
Fidelity Management and Research----21,398,267------------------4.90%
Investec Asset Management------------14,784,785------------------3.39%

Sub Total--------------------------------103,449,718 ----------------23.70%

Major Shareholders

The directors have been notified, or are aware of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of the Quindell Plc as at 14th November 2014.


Name--------------------------------------Total Interest---------------% Holding
Robert Terry (2)----------------------------46,950,000-------------------10.76%
M&G Investments (Prudential)-------------29,166,666--------------------6.68%
Fidelity Management and Research--------21,398,267--------------------4.9%
Investec Asset Management----------------14,784,785--------------------3.39%

Sub Total------------------------------------111,999,718-------------------25.66%

what's wrong with using the existing QPP thread?

Afternoon cynic, I'm sure the existing thread is fine.

the existing thread is indeed absolutely fine, so why have you started a second - it just confuses everything and everyone

cynic,I'm sure most people can cope with two threads, I'm just using this for news and information relating to QPP.

I'll put this in the header and l'll make it clickable redirecting to the 'Quindell Portfolio = Extending nicely for the future!' thread.

'Would you kindly' post Views/Speculations on one of the many other QPP threads,cheers.

no ..... and i dare say your attempt at self-publicising will wither on the vine, but why should i care

for better or worse, this is not a share i hold

ha ha lol

Just to clarify why I've returned to MoneyAM is due to ADVFN and their ties with the old fashioned and now irrelevant Tom Winnifrith and Evil Knievil along with the rest of the 'gang'. It's a kick in the teeth for me to give ADVFN £43 a month!

"ADVFN PLC

7 January 2015

ADVFN Plc ("ADVFN" or the "Company") is pleased to announce that the Secretary of State for Culture, Media and Sport and Minister for Equalities, Sajid Javid will be the opening speaker at the UK Investor Show 2015.

Sajid Javid MP will join 40 other speakers at UK Investor Show on 18(th) April.

The UK Investor Show, which is expected to be the top one day investor conference of 2015, is delighted to announce that the Secretary of State for Culture, Media and Sport and Minister for Equalities, Sajid Javid will be opening the show as a keynote speaker.

A former investment banker, Mr. Javid previously served as Economic Secretary from 2012 to 2013 and as the Financial Secretary to the Treasury from 2013 to 2014 and, according to commentator Iain Dale, is a potential future leader of the Conservative party.

Mr. Javid will share his views on the future of the City and UK Business as part of a pre-election briefing and what it means for AIM and small cap business.

At the ADVFN organised show, Mr. Javid joins a star studded line up of 40 top speakers including Britain's Buffett Nigel Wray, former C4 boss and food retailing entrepreneur Luke Johnson, The Web Sheriff Ben Edelman of Harvard, Quindell busting Tom Winnifrith, top fund manager Paul Jourdan of Amati, the Queen of Tech Vin Murria, mining gurus Dominic Frisbey and Amanda van Dyke, Ed Croft, Paul Scott and the UK's leading short sellers Evil Knievil, Matt Earl and Lucian Miers.

The show, sponsored by SwissQuote, also features 110 PLC stands, the CEOs of 75 of which will be doing investor presentations throughout the day. As of today more than 90 of these stands have been booked and details can be found at www.UKInvestorShow.com

Over 2,000 serious investors are expected to be attending the conference on 18(th) April at the QE2 Centre in Westminster, London, to hear Sajid and the other speakers and to meet the companies. Ticket sales are ahead of last year and all the indications are that the UK's premier investor show will be sold out well ahead of April.

The event will be co-hosted by Charlotte Argyle and Ben Turney of ShareProphets

Michael Hodges, the chairman of ADVFN said "The UK's leading investor show is delighted to welcome Sajid Javid, Secretary of State for Culture, Media and Sport and Financial Secretary to the Treasury up to 2014, to outline how the City and small business can be helped to grow. - we look forward to another scintillating event in Westminster on 18(th) April with our best speaker line-up ever." "
http://uk.advfn.com/news/RNSNON/2015/article/65009078

City Heavyweights To Join Quindell Revamp
18:58, UK,
Sunday 11 January 2015

The controversial company will appoint a quartet of senior City figures to allay concerns over its finances, Sky News learns.

By Mark Kleinman, City Editor

A former finance director of Royal Mail and one-time boss of Prudential in the UK will this week join an attempt to rehabilitate the reputation of the controversial insurance claims outsourcer Quindell.


Sky News has learnt that the company, which has seen its stock market valuation crash from a peak of £2.5bn amid doubts over its financial probity, will name Richard Rose, the chairman of online electrical goods retailer AO.com and cash-and-carry operator Booker Group, as its new chairman.

Jim Sutcliffe, a former boss of the insurer Old Mutual and Prudential UK, is to become deputy chairman.

Banking sources said that Quindell also plans to name Marisa Cassoni, who was finance director of Royal Mail and John Lewis and who is now a director of the Skipton Building Society, as a consultant.

John Tomlins, a former colleague of Mr Sutcliffe, will also join in a consulting role.

The group of heavyweight appointments, which are likely to be announced on Monday, is intended to remove lingering market uncertainties about the state of Quindell’s finances and the robustness of its business model.

One of Mr Sutcliffe’s current roles is as chair of the codes and standards committee of the Financial Reporting Council, the accounting regulator, which one source suggested should reassure Quindell investors.

The announcement will come, however, amid an ongoing investigation led by PricewaterhouseCoopers into Quindell’s performance following months of turmoil at the company.

Quindell’s founder, Rob Terry, had promised to revolutionise the insurance industry by taking on a large chunk of its claims processing activities, but eventually quit the board late last year after a row over share deals involving himself and other directors.

David Currie, a former Investec banker, stepped in to replace Mr Terry as chairman, and has been focused on addressing shareholders’ concerns about Quindell’s corporate governance.

Mr Rose’s appointment will mean that Mr Currie will step down as chairman, but he is expected to remain on the board as a non-executive director.

Earlier this month, Quindell said it was in exclusive talks about the sale of one of its divisions, while it is also engaged in discussions about transactions involving other parts of the group.

Quindell, whose financial affairs have become one of the City’s most notorious talking points, raised £200m from investors in 2013 in order to become a one-stop shop for car insurers.

It provides a range of services which help insurers assess and treat drivers and passengers, leading to the formation of a joint venture with the RAC, the roadside recovery service.

The partnership was hailed as the beginning of a far-reaching initiative that would involve installing more than 2m telematics black boxes in cars across the UK, but has since been scaled back to a far more limited project.

Quindell has faced persistent questions over the way it books revenues and its financial forecasts, which it has rebutted, but the sense of crisis surrounding it deepened in November, when Canaccord Genuity resigned as its joint corporate broker.

A replacement has yet to be appointed.

Quindell’s shares have plummeted by more than 70% in the last 12 months, although they made significant gains last week when it emerged that Toscafund, a prominent City investor, had acquired a 5% stake in the hope that its fortunes would improve.

The company, which is now valued at around £370m, declined to comment on Sunday.

12 January 2015

Quindell Plc

Update and Board appointments

Quindell Plc (AIM: QPP.L), provides an update on, inter alia, the year end position of the Group and the search for a permanent Chairman and Board appointments.

Board appointments

The Company announces that, subject to Solicitors Regulation Authority approval and completion of appointment formalities, Richard Rose will join the Board as non-executive Chairman and Jim Sutcliffe will join as Strategy Director and Deputy Chairman.

Pending such regulatory approval regarding their appointment to the Board, both Richard Rose and Jim Sutcliffe will be employed by the Group to build upon the progress already made and to assist the Board, inter alia, in the development of the Group's accounting policies (in conjunction with PwC and the Company's auditors, KPMG), the formulation of the Group's future strategy, and the delivery of the optimal capital structure for the Group.

Upon Richard Rose's appointment to the Board, David Currie will step down from his position as interim non-executive Chairman and his role will revert to non-executive director.

To supplement the work of Richard Rose and Jim Sutcliffe, the Board has today entered into an agreement to receive consultancy services from BaxterBruce Limited ("BaxterBruce"), a consultancy firm of which Jim Sutcliffe is a Director. In addition to Jim Sutcliffe and Richard Rose, BaxterBruce will utilise its associates Marisa Cassoni and John Tomlins for this engagement with the Company.

As part of the remuneration and incentive package agreed with Richard Rose and Jim Sutcliffe, it is the intention of the Board to grant to them options over the Company's Ordinary Shares of 15p each ("Shares"). Richard Rose will receive options over approximately 8.73m Shares and Jim Sutcliffe will receive options over approximately 10.9m Shares. It is the intention of the Board that these options will be granted with exercise prices from 68.65p (being the average middle market quotation of a Share for the last 5 dealing days) up to £3.40 and vesting will occur at intervals spread over the next 12 months. Further details will be included in the announcement made when such options are granted.

Trading update

Trading in the Group's business remains robust in both Professional Services and Digital Solutionswith management satisfied with case volumes, case settlements and digital solutions revenues. The Group's revenue and earnings are subject to the Independent Review of accounting policies and guidance will be given by the Board following conclusion of the Review.

Operating cash inflow for H2 2014 (before exceptional items but including initiatives that concluded in the period) was approximately £13 million. Cash generation remains a key focus of the Group and initiatives to improve the working capital profile of the Group continue to be pursued. The Board remains comfortable with the Group's overall cash position and, taking into account the Group's cash reserves and continued access to its three credit facilities, believes that the Group's resources are sufficient to deliver on management's current plans. As at 31 December 2014, the Group had gross cash of approximately £69 million and drawn banking facilities of approximately £52 million.

Corporate matters

As announced on 2 January 2015, the Company has entered into an exclusivity arrangement with a third party in respect of the possible disposal of an operating division of the Group. The Company remains engaged with this party and is also in early discussions with a range of parties interested in exploring possible transactions with the Group relating to a number of its operating businesses but there can be no certainty that any of these discussions will lead to the disposal of any of the Group's assets.

Independent Review

The Independent Review is ongoing and shareholders will be updated as appropriate. The Board's current expectation is that the review will be completed by the end of February.

Commenting on the appointments, David Currie, interim non-Executive Chairman, said:

"I am pleased that such a high calibre group of professionals will be helping the Board at this time and that Richard and Jim are expected to join the Board in due course. Richard, Jim, Marisa and John have extensive public company, accounting and sector knowledge and I look forward to working with them and the existing management in completing the Independent Review, acting on its conclusions and in formulating our Group strategy."

Robert Fielding, Group Chief Executive, said:

"We welcome Richard and Jim to the team; both bring a wealth of experience which will assist the business as we move in to our next phase of development."

Information required under paragraph (g) of Schedule 2 of the AIM Rules will be made following final regulatory approval and at the time of the formal appointment of Messrs. Rose and Sutcliffe.


Background information

Richard Rose has extensive public company experience and is currently Chairman of AO World plc, Crawshaw Group plc, Booker Group plc and Anpario Group plc. Richard's previous roles include that of Executive Chairman of Helphire plc, the listed credit hire and legal services / injury claims business (now Redde plc).

Jim Sutcliffe has considerable experience in the financial and professional services sector. He is currently Chairman of Sun Life Financial, Canada, Senior Independent Director of Lonmin plc and a non-executive director of Liberty Holdings, South Africa. He is also a non-executive director and Chairman, Codes and Standards Committee of Financial Reporting Council. Previously, Jim has held the position of Chief Executive Officer of Old Mutual PLC and Chief Executive Officer of Prudential UK.

Marisa Cassoni is an experienced Finance Director and currently non-executive director of The People's Operator plc, GFI Group Inc, Skipton Building Society and AO World plc. Previously Marisa was the Finance Director of the John Lewis Partnership and prior to that was the Group Finance Director of Royal Mail plc.

John Tomlins has spent his entire career working in the IT and financial services sectors, is chairman of a large provider of Wealth Management systems and administration and is a non-executive director of A J Bell Holdings Limited.


-ends-

http://www.moneyam.com/action/news/showArticle?id=4956491

Quindell brings in two City heavyweights
By Ian Lyall
January 12 2015, 8:27am

The troubled insurance outsourcer Quindell (LON:QPP) has moved to restore a modicum of credibility with the City with the appointment of two experienced and well regarded independent directors.

Richard Rose, currently chairman of internet retail group AO World, and Jim Sutcliffe, the former boss of insurer Old Mutual, will be appointed chairman and deputy chairman respectively.

Quindell is also hiring two consultants: Marisa Cassoni, former finance chief at John Lewis and Royal Mail, and John Tomlins, who worked for Sutcliffe at Old Mutual’s Skandia investment arm.

Interestingly, the two new directors have agreed to be paid in share options with exercise prices from 68.65p up to £3.40.

The stock closed Friday at just above 83p; however it was last above £3 in April, before a series of catastrophic warnings and revelations about the business set investors scurrying for the exit.

Rose will replace former Investec banker David Currie who in turn stepped in to replace Quindell founder Rob Terry, who was ousted in the wake of a controversial share deal that saw him cut his stake in the group.

Currie is expected to remain on the board as a non-executive director.

Sutcliffe’s current role as chair of the codes and standards committee of the Financial Reporting Council, the accounting regulator, should reassure Quindell investors.

The company is currently in the throes of an investigation led by PricewaterhouseCoopers, which is also helping to reshape its accounting policies.

Chief executive Robert Fielding said: "We welcome Richard and Jim to the team; both bring a wealth of experience which will assist the business as we move in to our next phase of development.”

Separately, Quindell revealed it generated £13mln of cash in the second half of the year, which means it is sitting on £69mln.

At the same time it has drawn banking facilities of £52mln.

12 January 2015

Quindell Plc

Grant of options


Quindell Plc (AIM: QPP.L), announces that as part of remuneration and incentivisation arrangements relating to the appointment of Richard Rose and Jim Sutcliffe, the Company has granted a total of 19,640,115 share options to subscribe for new ordinary shares of 15p each in the Company ("Shares") to Richard Rose and Jim Sutcliffe:




Name------------Prospective Position-----------------------No. of options granted
Richard Rose--Non-executive Chairman------------------------8,728,940
Jim Sutcliffe---Strategy Director and Deputy Chairman------10,911,175


These options have the following key terms:

Vesting: 60 per cent. of the granted options shall vest on 15 July 2015. The remaining 40 per cent. shall vest in six equal tranches on each of 15 August 2015, 15 September 2015, 15 October 2015, 15 November 2015, 15 December 2015 and 15 January 2016; and Exercise price: 40 per cent. of each individual's granted options (and subject to vesting) shall have an exercise price of 68.65p (being the average middle market quotation of a Share for the last 5 dealing days); 20 per cent. of the granted options (and subject to vesting) shall have an exercise price of £1.00; 13.333 per cent. of the granted options (and subject to vesting) shall have an exercise price of £1.70; 13.333 per cent. of the granted options (and subject to vesting) shall have an exercise price of £2.40; and the remainder (being 13.334 per cent.) of granted options (and subject to vesting) shall have an exercise price of £3.40.



In addition, a total of 11,625,000 share options to subscribe for Shares have today been granted as follows:


Name-----------------Position-----No of options granted-----Total no. of options held
Robert Fielding-----Group CEO-------6,000,000-------------------6,625,000
Robert Thomson----CEO EMEA-------2,812,500-------------------3,437,500
Tim Scurry------CEO North America-2,812,500-------------------3,229,166


These options shall vest as to one third on each anniversary of the grant and are subject to the Rules of the 2012 Quindell plc Unapproved Option Scheme and have an exercise price of 68.65p (being the average middle market quotation of a Share for the last 5 dealing days).

Once vested, all options are normally exercisable for a period of up to ten years from grant.

Following the grant of all of these options, an aggregate of 56,482,736 options will be in existence representing 12.9 per cent. of the issued share capital of the Company.

http://www.moneyam.com/action/news/showArticle?id=4956768

Quindell robust

StockMarketWire.com

Quindell has appointed Richard Rose as non-executive chairman, at the same time stating its business remains robust in Professional Services and Digital Solutions with management satisfied with case volumes, case settlements and digital solutions revenues.

Jim Sutcliffe will join the board as strategy director and deputy chairman.

Quindell said operating cash inflow for H2 2014 (before exceptional items but including initiatives that concluded in the period) was approximately £13 million.

Cash generation remains a key focus of the Group and initiatives to improve the working capital profile of the Group continue to be pursued.

The Board remains comfortable with the Group's overall cash position and, taking into account the Group's cash reserves and continued access to its three credit facilities, believes that the Group's resources are sufficient to deliver on management's current plans. As at 31 December 2014, the Group had gross cash of about £69m and drawn banking facilities of about £52m.

As announced on 2 January 2015, the Company has entered into an exclusivity arrangement with a third party in respect of the possible disposal of an operating division of the Group.

The Company remains engaged with this party and is also in early discussions with a range of parties interested in exploring possible transactions with the Group relating to a number of its operating businesses but there can be no certainty that any of these discussions will lead to the disposal of any of the Group's assets.

http://www.moneyam.com/action/news/showArticle?id=4956584

New chairman hire pushes Quindell shares back over the £1 mark
13th January

Quindell's share price broke through the £1 barrier in yesterday's trading after the troubled insurance outsourcer revealed that it had hired Richard Rose as its ...

http://www.insurancetimes.co.uk/new-chairman-hire-pushes-quindell-shares-back-over-the-1-mark/1411408.article

Sutcliffe quits FRC code and standards committee
16 Jan 2015

Jim Sutcliffe, who joined the board of insurance outsourcer Quindell earlier this week, has decided to stand down from his position on the board of the Financial Reporting Council (FRC) and as chairman of its codes and standards committee with immediate effect, the regulator has announced

He will be replaced by Nick Land, former EY chairman and a director of the FRC, who will take over from Sutcliffe as the new chair of the code and standards committee. Land is also chair of the audit committee at Vodafone.

Sutcliffe’s decision to be part of the new management team at Quindell as deputy chairman and strategy director alongside the new chairman Richard Rose, has attracted some critical comments since it was announced four days ago because of the decision to offer the two men and a third executive more than £25m in share options with terms and conditions which appeared to contravene the UK Corporate Governance Code, which is regulated by the FRC.

As a result of joining the company, Sutcliffe received options to 10.9m shares, and will be paid consultancy income by Quindell which has hired the services of BaxterBruce Ltd, a risk management consultancy where Sutcliffe is a director. Sutcliffe’s options are all exercisable within 12 months, whereas the code states that in normal circumstances options should not be exercisable in less than three years, and suggests a three to five year term.

In December it was announced that PwC is to carry out an independent review of accounting practices at Quindell, which has seen a sharp fall in its share price after the sudden departure in December 2014 of its founder and other members of the senior management team following criticism of a share deal.

Sir Win Bischoff, chairman of the FRC, said: ‘I wish to thank Jim Sutcliffe for his commitment and service to the board and his effective leadership of the codes and standards committee and before that the board for actuarial standards of the FRC.’

IBAO: Insurance Brokers Association of Ontario
6 January at 11:15

If you have questions about ingenie and the new updates, we have posted a great fact sheet as a resource. http://ow.ly/GPGeb


ingenie Fact Sheet: Your Questions, Answered

Many of you asked excellent questions during the Understanding the Broker Owned Telematics Model webinars held over the past two weeks. Many of your questions were with respect to ingenie. We’ve compiled the answers, updated our ingenie FAQ document and have attached it here for your reading pleasure. For more information feel free to visit the ingenie website.

https://www.facebook.com/IBAO1?fref=nf

Telematics Offering for Fleet Managers Launches Today

fleetadvisor® enabling fleet managers to better manage business risks

TORONTO, Jan. 20, 2015 /CNW/ - Independent Broker Resources Inc. (IBRI), a wholly owned subsidiary of the Insurance Brokers Association of Ontario (IBAO), is pleased to announce the launch of fleetadvisor®, a revolutionary customizable fleet management solution. This offering is now available through your local insurance broker or www.fleetadvisor.ca.

This broker-owned telematics solution was designed and produced by IBRI using Quindell technology.

Fleet managers can reduce operational risk associated with fleet management, reduce administration costs and improve vehicle health. fleetadvisor® includes the provision of an overall driving score for each of their commercial operators to manage and understand driver behavior to improve fleet safety. fleetadvisor® uses telematics devices installed in commercial vehicles to allow fleet managers to effectively manage fleet risk and reduce operating costs. The product ensures that the data is owned by the consumer. With the fleet manager's consent, brokers will have viewing access.

"The IBAO is very pleased to announce the launch of fleetadvisor® which not only will enable fleet managers to better control their business risk within their fleets, but also offer our member brokers a value added product to support their commercial clients," said Michael Brattman, President of the IBAO.

Insurance brokers or insurance companies looking to get involved as a distributor should visit ibao.org. Fleet managers can find out more and purchase the technology by visiting www.fleetadvisor.ca.

http://www.newswire.ca/en/story/1475069/telematics-offering-for-fleet-managers-launches-today

Time will tell.............

Thu Jan 22, 2015
* QUINDELL - Ben Harrington's Betaville blog reports that law firm Slater & Gordon is in exclusive talks to buy Quindell's legal services division. Quindell and Slater & Gordon declined to comment, the blog said.




22 January 2015

Quindell Plc

Press speculation

On 2 January 2015, Quindell Plc (AIM: QPP.L) announced it had entered into exclusivity arrangements in respect of the possible disposal of an operating division of the Group. The Company notes the speculation concerning the identity of the third party and can confirm that Slater & Gordon Limited ("S&G") is the party referred to in previous announcements.

There can be no certainty that these discussions will lead to an offer for, or the disposal of, an operating division of the Group.
-ends-

http://www.moneyam.com/action/news/showArticle?id=4963700

Breaking: Quindell in sale talks with Slater & Gordon
22 January 2015By John Hyde

Listed legal services provider Quindell has confirmed it is in talks with international firm Slater & Gordon about the sale of one of its businesses.

Quindell made the announcement, entitled ‘press speculation’ to the London Stock Exchange this afternoon.

The company announced on 2 January it was in talks with a buyer about selling a section of the business.

The statement said: ‘Quindell announced it had entered into exclusivity arrangements in respect of the possible disposal of an operating division of the group.

‘The company notes the speculation concerning the identity of the third party and can confirm that Slater & Gordon Limited (S&G) is the party referred to in previous announcements.

‘There can be no certainty that these discussions will lead to an offer for, or the disposal of, an operating division of the group.’

Slater & Gordon, which is listed on the Australian stock exchange, has been relatively quiet since a rush of mergers after it first arrived in the UK with the takeover of Russell Jones & Walker in 2012. The latest merger with Pannone will see the Manchester firm rebranded in March.

The group reported in its annual financial report last year that it had 1,300 employees in the UK, up from 425 when it first arrived in this country.

Quindell has built a significant legal services division through the acquisitions of Abstract Legal Holdings, the parent company of Accident Advice Helpline, personal injury firms The Compensation Lawyers, Silberbeck Rymer and Pinto Potts, and costs firm Compass Costs.

The group suffered a difficult 2014, with a negative report from analyst Gotham City Research, the failure to achieve a premium listing and the resignation of management figures all sending the share price tumbling.

Since the turn of the year, the value has somewhat recovered, and it has been boosted still by the news of the Slater & Gordon interest, with the share price today rising 16.25p to 121.5p – an increase of more than 15%.



Also:

Talk on Phillip Green's plans, IAG and Quindell

Published on 26 Jan 2015

M&A with Ben Harrington - Freelance Business Journalist & Betaville Blog looking at what Philip Green's plans going forward, IAG have their 3rd offer and the latest market talk on Quindell (QPP).

General interest:

Quindell signs lease at Trident park building
30 January 2015

Insurance outsourcer Quindell has signed a deal to take 38,000 sq ft of office space in Property Alliance Group’s newly acquired business park in Manchester.

http://www.propertyweek.com/news

2 February 2015

Quindell Plc


Press speculation



Quindell Plc (AIM: QPP.L) announces that, contrary to speculation, the exclusivity arrangements with Slater & Gordon Limited in respect of the possible disposal of an operating division of the Group ("Exclusivity") continue and discussions are on-going.



There can be no certainty that these discussions will lead to an offer for, or the disposal of, an operating division of the Group. The Company will make an announcement if the Exclusivity terminates in the future.

http://www.moneyam.com/action/news/showArticle?id=4969750

Quindell insists Slater & Gordon talks still on as share price tanks 20 per cent
by Catherine Neilan
2 February 2015 12:56pm

Quindell has moved to reassure investors that talks are still ongoing with legal giant Slater & Gordon after its share price tanked this morning.

The troubled insurance claims processor, whose share price had been rallying since the start of the year, saw its share price fall by as much as 20 per cent today.

Following this, Quindell released a statement to the market saying: “contrary to speculation, the exclusivity arrangments with Slater & Gordon in respect of the possible disposal of an operating division of the group continue, and discussions are on-going”.

It added that there “can be no certainty that these discussions will lead to an offer” but said it would make an announcement if the talks were called off in future.

The share price has recovered slightly, though was still down 14.2 per cent at 72.5p. At its peak the share price was 656p.

Still, the outsourcer will be hoping to be leaving the woes of 2014 behind. Last year Quindell's share price plummeted after claims were made against it by shadowy analyst firm called Gotham City.

It was subsequently plagued by a series of problems that saw its share price dwindle even further, and by the end of the year, chairman and founder Rob Terry had resigned, as had its broker, Canaccord Genuity, while investor Fidelity halved its stake.

On reports that it was in talks with Slater & Gordon last month, however, its share price soared 15 per cent.

http://www.cityam.com/208482/quindell-insists-slater-gordon-talks-still-share-price-tanks-20-cent

While the discussions are on-going, a dedicated page:

Slater & Gordon


        

NEWS

30th Apr 2015 Disposal Update
17th Apr 2015 Result of General Meeting and Disposal Update
30th Mar 2015 Proposed sale of the Professional Services Division
17th Mar 2015 Quindell UK deal tipped to boost Slater and Gordon share price
24th Feb 2015 UK Exclusivity Arrangement
12th Feb 2015 Slater & Gordon Achieving Critical Mass
10th Feb 2015 Slater & Gordon unveils next two acquisitions, while Quindell talks continue
09th Feb 2015 Half Yearly Report and Accounts
05th Feb 2015 Lawyers head CBD revival
02nd Feb 2015 Press speculation
22nd Jan 2015 Press Speculation
12th Jan 2015 Update and Board appointments


Who we are

Slater and Gordon is a leading consumer law firm in Australia with a growing presence in the United Kingdom (UK) consumer law market. We employ 1,200 people in 70 locations across Australia and 1,300 people in 18 locations in the UK.

i would not want to be out of qpp this weekend!!


1. Slater and Gordon are interested in putting in an offer for the Quindell Legal Services division.

2. S&G have an exclusivity period to formalise their offer.

3. Mr Grech, S&G CEO arrives from Australia this week to attend meeting with Quindell.

4. S&G business update due 10th February 2015

Questions

a) If the CEO intends to be in Australia for an S&G business update on the 10th February, why would Mr Grech fly from Australia to the UK now?

Would anybody travel for four days in a six-day period if didn’t believe a deal was going to happen?

b) Is it possible to give an update on the S&G business on the 10th February without mentioning a potential deal with Quindell that will potentially double the size of the business?

c) Would the most senior person in S&G meet with Quindell before an outline deal had been agreed in principle?

The ducks are all lining up nicely for an announcement regarding the Quindell and S&G deal soon.

Just to clarify that Post 30 from deltazero is taken from a blog, link below:

http://quindellecho.com/2015/02/05/slater-gordon-deal-moving-to-the-final-stages/

'The retail investor favourite Quindell climbed 6.5p to 76p amid hopes that a deal with the Australian law firm Slater & Gordon to offload part of its legal arm could soon be hatched. Slater & Gordon reports half-year results next Tuesday and investors believe this will bring with it an update on talks. Rumours are circulating in the City that executives from Australia have also flown in this week to cast an eye over the books of the claims-handling business.'




http://www.independent.co.uk/news/business/sharewatch/market-report-lonmin-leaps-amid-takeover-rumours-10027615.html

Slater & Gordon-09th Feb 2015 Half Yearly Report and Accounts

10th Feb 2015 Slater & Gordon unveils next two acquisitions, while Quindell talks continue

General interest:

Richard King @ingenie_Richard
· 24h 24 hours ago
Splendid feeling to hear the ingenie ad with @RobBrydon on the radio whilst on the way to the airport - back to Toronto for #ingenieCanada

https://twitter.com/ingenie_richard

And while on the subject of Quindell's Ingenie, a reminder of the event in April:

EVENTS
Insurance Telematics Europe 2015(14th-15th April | Park Plaza Victoria London, UK)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

Toscafund Asset Management LLP have reduced from:

23,562,908 to 21,385,903 dropping below 5% to 4.9%

see link below for full details:

http://www.moneyam.com/action/news/showArticle?id=4976092

Major Shareholders

The Company has been notified of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 11th February 2015:



Major Shareholders Information

Name-----------------------------------Total Interest--------- % Holding
M&G Investments (Prudential)---------29,166,666------------6.68%
Fidelity Management and Research----21,398,267------------4.90%
Toscafund Asset Management LLP-----21,385,903------------4.90%
Sub Total--------------------------------74,028,717-----------16.48%

http://www.quindell.com/Major-Shareholders/major-shareholders


Link to historic from November 2014 to present:

http://www.moneyam.com/InvestorsRoom/posts.php?page=1&tid=18581

12th Feb 2015 Slater & Gordon Achieving Critical Mass

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

Morgan Stanley crossed 3%, 4%, 5% on 12/02/2015

Now hold 21,942,446 which equates to 5.03%

http://www.moneyam.com/action/news/showArticle?id=4978378

Insurance companies are getting left behind in the data revolution
Carolyn Cohn, Reuters
Feb. 16, 2015

LONDON (Reuters) - At a time the financial sector is racing to embrace digital technology to boost sales and drive profits, the traditionally staid insurance industry is in danger of falling behind.

Some insurers are using developments such as telematics, or social media sources, to increase the amount of information they have about customers to reduce claims and theoretically make insurance cheaper for all.

Telematics uses aircraft-style "black boxes" that have been in Formula One racing cars for years to collect data about how policyholders drive their cars, so they can be rewarded with lower insurance premiums if they adopt a cautious style.

But an industry that has long relied on personal contacts, the Lloyd's of London insurance market started in a coffee house in the 17th century, has not been quick to embrace new technology or mine vast new data sets, known as "Big Data".

The reluctance to roll out technology with the same enthusiasm as banks and some investment managers is partly cultural, partly financial.

"Compared to many other industries, (insurers) are still playing catch-up. The sector has a very traditional culture." said Catherine Barton, partner at EY.

Staff at Lloyd's, home to more than 90 trading syndicates in London's financial district, still trundle suitcases of claim forms for complex insurance transactions.

Function rooms in its flagship building are furnished with antiques, while besuited underwriters swap ideas in local pubs and restaurants when the market closes for lunch.



STATUS QUO

Lloyd's Chief Executive Inga Beale has said the industry needs to take technology on board to maintain its role in global business. The firm recently appointed a Chief Data Officer and Beale said the sector needs to attract new, tech-savvy talent.

Insurers already carry plenty of data about policyholders, and have started mining sources such as Facebook, to cut fraud or better estimate customers' claims.

But a mass of different systems, often the legacy of firms being swallowed up by bigger insurers, makes it hard to streamline technology. Some firms have chosen the status quo.

"I have a very jaundiced view of the generation behind me, they are too reliant on technology," one broker told Reuters. "I don't believe this (face-to-face approach) will disappear."

Even if firms want to harness technology, they may be unwilling to commit cash. Insurers are struggling to balance their books, with bond yields at record lows and slashing the returns they make on investing premiums.



TRENDSETTERS

A report from Morgan Stanley and Boston Consulting Group says the first movers will reap bigger spoils.

They say a full transformation to becoming a digital company could cut an insurer's combined ratio by 21 percentage points, in other words making the firm more profitable. Expenses could fall by 10 percent of premiums and claims by 8 percent.

Germany's Allianz is highlighted in the report as a good example of a traditional insurer working to enhance its digital capabilities and transform its business model.

It is investing 400-500 million euros a year in digital initiatives such as setting up an innovation lab to work with young companies on Big Data, mobile, social media and sponsorship, the report said.

Others are focusing on telematics, one of the industry's brightest innovations. Britain's RSA has a telematics product and underwrites business for specialist telematics insurer Ingenie. Direct Line also does telematics.

Belgian insurer Ageas, which has a British division and writes insurance for firms such as Tesco Bank, also underwrites Ingenie's telematics car insurance, while Progressive is a frontrunner in the United States.

Still, the benefits sometimes seem unclear and the use of telematics remains low. Britain, Italy and the United States are among the most developed markets, but penetration is 3.5 percent in Italy, 2.5 percent in Britain and just 1 percent worldwide.

The black boxes are expensive for the insurer to fit into cars, only making it worthwhile for young or inexperienced drivers, whose policies are more expensive. Some insurers are waiting for the cost of the boxes to fall, or for alternatives such as mobile phone apps or Internet-connected cars.



TOO EXPENSIVE

British insurer Aviva was one of the first to introduce telematics. Policyholders had 30 percent fewer accidents and premiums fell by the same amount.

Aviva has since pulled out because it was costing too much to buy and install the boxes, but it now offers discounts to drivers using mobile apps to monitor their driving habits.

The technology has also not yet arrived for telematics to be used in markets beyond motor insurance.

New uses for telematics could include an oven that tells your house insurer it has been left on, or a smartwatch that tells your health insurer if your blood pressure is too high.

"In the next few years, we'll see a lot of change in (the way) technology will impact pricing," said Rudi Van Delm, director for pricing and underwriting at Direct Line.

But until that technology becomes more cost-effective, insurers focused on retail consumers may invest more in their online presence and use of price comparison sites.

Even with the prospect of technological advances, insurers say there is still a need for human interaction.

Inside the "Walkie-Talkie" building, one of London's newest skyscrapers, RSA offers its telematics-based insurance but also provides a meeting room where brokers can mingle and do business the old-fashioned way.

"More complex and more large-scale products are always reliant on some form of relationship management and negotiation," said Tim Skates, RSA's chief technology officer.

(Additional reporting by Richa Naidu; editing by Sinead Cruise and David Clarke)

Major Shareholders

The Company has been notified of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 18th February 2015:


Major Shareholders Information

Name-----------------------------------Total Interest--------- % Holding
M&G Investments (Prudential)---------29,166,666------------6.68%
Fidelity Management and Research----21,398,267------------4.90%
Toscafund Asset Management LLP-----21,385,903------------4.90%
Morgan Stanley & Co. Inter.plc------ 21,942,446-------------5.03%

Sub Total--------------------------------93,893,282-----------21.51%

http://www.quindell.com/Major-Shareholders/major-shareholders

Link to historic from November 2014 to present:

http://www.moneyam.com/InvestorsRoom/posts.php?page=1&tid=18581

17:43 Quindell PLC (QPP)--Notification of major interest in shares

Morgan Stanley crossed 5%, 4% and now below 3% therefore from 21,942,446 to a figure below 13,093,410 on 16/02/2015

http://www.moneyam.com/action/news/showArticle?id=4979926

Motor insurers face ‘critical shortfall’ in crash repair capacity
18/02/2015 in News Home

"The latest UK Car Body Repair Market report, by independent research company Trend Tracker, warns that insurance company profits will be hit by a repair capacity deficit.

The number of bodyshops has declined by 32% over the last decade and Trend Tracker predicts a further 9% decline, to just 3,020 by 2020.

This, combined with an expected 2% increase in the number of repairs, will create an 11% shortfall in repair capacity by 2020.

With insurance companies financing around 70% of all accident repairs, bodyshop owners have long bemoaned the lack of profit in insurance-funded repairs. This, coupled with a fall in the number of accident repairs since the 2006 peak, has led to many bodyshop closures, says Trend Tracker."

*****************************************************

"Trend Tracker says if you ignore investment returns, motor insurers as a whole are expected to have been loss-making in 2014, with a combined ratio of 109%. This is partly due to excessive competition and persistently high personal injury claims, although accident damage claims account for two-thirds of all motor insurance claims.

For motor insurance companies, including the listed firms Admiral Group, Direct Line Insurance Group and Esure Group, shrinking repair capacity combined with an increase in repair demand will result in rising accident repair costs and constrained profitability, claims Trend Tracker.

However, it continues, for companies in the accident claims and accident repair market, including the listed firms Innovation Group, NAHL Group, Quindell, Redde (formerly Helphire) and Nationwide Accident Repair Services, growth in the number of motor accident and repair claims will provide a welcome boost to their businesses."

Full article from liunk below:

http://www.fleetnews.co.uk/news/2015/2/18/motor-insurers-face-critical-shortfall-in-crash-repair-capacity/54861/

Press Releases
19th February 2015


Quindell Wins Celent XCelent Award for Claims Administration

Celent report recognises Quindell ICE Claims™ with top honour for Technology

Quindell Plc (AIM: QPP.L) today announced that it has been named the winner of the XCelent Technology Award in Celent’s Claims Systems Vendors: EMEA P&C Insurance 2015 report. Quindell’s ICE Claims™ solution is recognised as the top Technology solution out of 16 vendors within Europe.

The XCelent Technology Award for the best solution in the “Advanced Technology” category is based on several criteria, including the underlying architecture; configurability of the solution; methods to extend or modify the data model; methods of testing changes; the approach to versioning, and how this influences the development, deployment and rollback of change; methods for reuse of definitions and rules; and reference comments.

“Quindell offers a very strong claims solution utilising an innovative front end that will drive user satisfaction and efficiency amongst its customers,” said Craig Beattie, Senior Research Analyst with Celent’s Insurance practice and author of the report. “Quindell’s solution is well featured and referees particularly valued the flexibility and control built into the solution.”

“Celent expects to see Quindell build on their current momentum with greater growth in the next two years across a diverse set of lines of business, leveraging the capabilities in what is a very flexible and efficient insurance claims solution.”

“We are delighted to receive this recognition from Celent” said Mick Sargeant, Chief Executive Officer, at Quindell Enterprise Technology Solutions. “We believe our ICE product set, including ICE Claims, is a game changer for the industry, given the user configurability and breadth of functionality. We work closely with our customer community to ensure their businesses maximise the benefits available from the ICE product set.”

EDIT-THE SUB TOTAL HAS NOT BEEN UPDATED

Major Shareholders

The Company has been notified of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 19th February 2015:



Major Shareholders Information


Name--------------------------------------- Total Interest------------% Holding
M&G Investments (Prudential)--------------29,166,666---------------6.68%
Fidelity Management and Research---------21,398,267-------------- 4.90%
Toscafund Asset Management LLP----------21,385,903---------------4.90%

Sub Total--------------------------------------93,893,282--------------21.51%

http://www.quindell.com/Major-Shareholders/major-shareholders

ICE Digital Framework


...In today’s digital world the pressures on an organisation can come simultaneously from multiple directions including the need to add customers, increase wallet share, reduce costs and improve customer satisfaction. At Quindell we have the People, the Processes and the Supply Chains, underpinned by our sophisticated ICE Business Process Management Technology Platform and Industry Solutions to help our customers tackle these efficiently and effectively.....

Further details from link below:

http://www.quindell.com/challenger-digital-framework/challenger-digital-framework

The shareholder total figures have now been corrected from the original update yesterday:


Major Shareholders


The Company has been notified of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 19th February 2015:



Major Shareholders Information

Name-------------------------------------Total Interest------------------% Holding
M&G Investments (Prudential)----------29,166,666----------------------6.68%
Fidelity Management and Research-----21,398,267----------------------4.90%
Toscafund Asset Management LLP------21,385,903----------------------4.90%

Sub Total----------------------------------71,950,836----------------------16.48%

http://www.quindell.com/Major-Shareholders/major-shareholders


Link to historic from November 2014 to present:

http://www.moneyam.com/InvestorsRoom/posts.php?page=1&tid=18581

Betaville latest.

hxxp://betaville123.blogspot.co.uk/2015/02/aussie-lawyers-slater-gordon-in_21.html


Saturday, 21 February 2015




Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division - part 11



I have had a few readers get in touch asking for an update on the Quindell situation, so here it is:

I'm told by excellent sources that talks between Slater & Gordon and Quindell (and also their investment banking advisers at Greenhill and NM Rothschild) about a deal for the Aim-listed company's legal services division are getting hot and heavy i.e very serious.

Don't, though, get too excited because after a period of due diligence, Slater & Gordon has indicated that it may only be willing to pay around £700 million for Quindell's legal services unit, according to well-placed sources. Apparently, the majority of the potential offer will be in cash.

In case you don't recall, Slater & Gordon originally indicated to Quindell back in November 2014 that it could be willing to pay six times sustainable EBITDA (earnings before interest, tax, amortisation and depreciation). Given the legal division was/is generating about £180 million of EBITDA, the original indicative approach from Slater & Gordon valued the unit at around £1billion.

So, the new potential price of £700 million is significantly lower than what was indicated in the original approach (a statement of the obvious, I know). Indeed, one person following the situation described it is a "bit of a cheeky bid".

Quindell's board is scheduled to meet early next week, according to my sources familiar with the matter.

However, it's not clear whether Slater & Gordon will be able to get its act together in time to submit a formal offer for the Quindell board to consider next week.

The other uncertainty is that if the Aussies do pitch their bid for Quindell legal services at £700 million, the board may not be able to recommend to shareholders because it is not high enough.

Some analysts reckon £800 million is the minimum Quindell's board would deem acceptable for its legal services unit.

Both Quindell and Slater & Gordon declined to comment.

http://www.dailymail.co.uk/money/markets/article-2964282/Price-blow-Quindell-arm-Australian-law-firm-Slater-Gordon-reduces-takeover-offer-third.html

Hmmm, I was trying to keep this thread for non speculative posts........but since this story from Ben Harrington has been taken as gospel by the various forms of media it's now going to be a very positive for the QPP SP tomorrow morning.

yeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

Quindell PLC
Update regarding discussions with Slater & Gordon
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

Robert Fielding, Group Chief Executive

Stephen Joseph, Head of Investor Relations






Tel: 01489 864200

Cenkos Securities plc, Nominated Adviser and broker

Stephen Keys / Mark Connelly






Tel: 020 7397 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

END

onwards and upwards

http://www.cityam.com/210027/quindell-extends-talks-slater-gordon?utm_medium=Email&utm_source=Email&utm_campaign=150223_CMU

VAUXHALL GETS YOUNG DRIVERS ON THE ROAD FOR LESS
2015-02-24

Luton – Following the success of its young driver insurance offer on Corsa, which was taken up by over 1,500 customers, Vauxhall is offering the same great deal to young ADAM drivers to help lower the cost of motoring.

Drivers aged 18-20 can get one year’s insurance cover for a one-off payment of £99, which they can even earn back, and 21-75 year olds can get free insurance on most ADAM models.*

“With young drivers potentially paying upwards of £2,000 for insurance when they are 18, this offer for ADAM drivers is an amazing deal and shows our commitment to lowering the cost of motoring,” said John Hennelly, Vauxhall’s Marketing Programmes Manager.

The £99 insurance offer for drivers aged 18-20 and the free insurance offer for 21-75 year old drivers is available for all eligible orders or registrations up until 6th April 2015 when an ADAM is taken with either a 2.9% PCP contract or a contract hire agreement.

To qualify for the offer, 18-20 year old drivers simply have to allow insurance provider, ingenie, to install a ‘black box’ to monitor driving style, including speed, acceleration, braking and cornering. Under the previous Corsa offer, over 70 per cent of customers received a money back discount.

onwards & upwards

Quindell rises on rumours of full takeover by Slater Gordon
Wed, 25th Feb 2015 12:14

Shares in insurance outsourcer Quindell advanced further on Wednesday after rumours grew louder that Australian law firm Slater & Gordon (SGH) was contemplating a full takeover.

The potential deal was cited by the FT Alphaville team, who said "the story out there is that rather than SGH just buying the legal division or even part of it, it is now looking at a full takeover of Quindell" but reiterated that this was a rumour albeit "a very specific rumour and it is now in the public domain".

On Monday Quindell said discussions were "progressing" with the ASX-listed firm , sending its shares soaring from around 75p to over 100p at one point with the statement that "the indicative terms being discussed would imply a significant premium to the company's market capitalisation".

However, SGH responded that "no offer has yet been put to Quindell and there is no certainty that an offer will be put that is attractive to Quindell, or that a transaction will eventuate".

In January it emerged that the pair were in discussions over SGH's potential purchase of Quindell's legal services division.

As Quindell generates a major proportion of its outsourcing earnings from its legal and health services businesses, it has cited the Australian firm as one of its closest peers.

http://www.digitallook.com/news/aim-bulletin/quindell-rises-on-rumours-of-takeover-by-slater-gordon--655353.html

there is certainly a curious comment in the RNS of 23rd as below .....

Feb 23 (Reuters) – Quindell Plc
Update regarding discussions with Slater & Gordon
Notes further press speculation and announces that it has extended Slater & Gordon Ltd's exclusivity period relating to possible disposal of professional services division of group to March 31
Talks are progressing with SGH and indicative terms being discussed would imply a significant premium to company's market capitalisation at close of trading on Feb 20 2015
There can be no certainty that these discussions will lead to an offer for, or disposal of, PSD

Quindell is recognised as No.1 in insurance technology in Europe, a leader within Usage & Behaviour Based Insurance globally and is the largest technology enabled claims outsourcing business for the UK insurance industry and the only organisation ethically addressing the total cost of claims including personal injury and rehabilitation.

http://www.quindell.com/

27 February 2015

Quindell Plc


Update

Quindell Plc (AIM: QPP.L) announces an update on the independent review of the Group's main accounting policies and expectations as to cash generation into 2015 being undertaken by PwC ("Independent Review") and certain strategic decisions.

The Board has now considered an update from PwC and one from the consultants, Richard Rose and Jim Sutcliffe (the Company's prospective Chairman and Executive Deputy Chairman) ("Consultants") who are assisting the Board. The updates covered, inter alia, ongoing strategy, the outlook for the business and appropriate revenue recognition policies. As a result, the Company confirms that:

· The Independent Review is ongoing and has taken longer than originally anticipated given the high level of corporate activity of the Group. Advice in relation to the Company's main accounting policies (in particular revenue recognition in the Professional Services Division) is being further considered and no conclusions have been reached. The Board now expects that the Independent Review will be completed in the next few weeks and shareholders will be updated as appropriate as to its findings;

· The Board has concluded that going forward, the Company will have two operating divisions: the Professional Services Division and the Technology Division (comprising insurance software, telematics and telecoms businesses). There are, therefore, several businesses and assets that are non-core and the Board will take appropriate action to deliver shareholder value from those assets; and

· The Consultants have noted the quality of people, operations and prospects of the Professional Services Division. The Board and the Consultants believe, however, that it is in shareholders' interest to continue to explore the potential disposal of this division to Slater & Gordon Limited and the Company is continuing discussions as announced on 23 February 2015. There can be no certainty that these discussions will lead to an offer for, or the disposal of, the Professional Services Division.



Further announcements will be made, as appropriate, in due course.



-ends-

http://www.moneyam.com/action/news/showArticle?id=4985027

Major Shareholders

The Company has been notified of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 25th February 2015:



Name-----------------------------------Total Interest--------------% Holding
M&G Investments (Prudential)---------29,166,666-----------------6.68%

Sub Total--------------------------------29,166,666-----------------6.68%

http://www.quindell.com/Major-Shareholders/major-shareholders



Link to historic from November 2014 to present:

http://www.moneyam.com/InvestorsRoom/posts.php?page=1&tid=18581

Quindell drops after it asks shareholders to be patient with review
Date: Friday 27 Feb 2015

Insurance claims processor Quindell saw shares slip on Friday, after it asked its shareholders to be patient while it completes an independent review.
The London-listed group, whose share lost 90% of its value in 2014, said the review, which is being carried out by PwC, was taking longer than initially expected because of "the high level of corporate activity of the group".

The AIM group added that PwC, along with prospective chairman and executive deputy chairman Richard Rose and Jim Sutcliffe, are expected to work on plans to reduce the group down to two operating arms, the professional services division and the technology division.

Quindell shares jumped last week after the company revealed it had extended talks with law firm Slater & Gordon to sell its legal services division.

In a statement released on Friday, it said that while it had taken into account "the quality of people, operations and prospects of the professional services division", it believed continuing with the deal was in the shareholders' best interest.

Quindell shares were down 3.54% to 95.25p at 09:29 on Friday.

Car insurer Ingenie turns to Epiphany to drive organic traffic growth
27 February 2015 - 12:59pm | posted by Michael Feeley

Ingenie, a car insurance service that uses telematics technology to assess young drivers, has appointed search agency Epiphany to drive growth in organic traffic.

By using telematics to collect and analyse data about how a car is driven – including speed, acceleration, braking and cornering – ingenie assesses customers individually, provides regular feedback on how to improve and rewards good drivers with lower premiums.

Luke Eales, chief marketing officer at ingenie, said: "It is clear when developing a modern natural search strategy that value is found in both the destination and the journey. In partnering with Epiphany we are excited to continue growing the ingenie brand and engaging with young drivers and their parents, while driving incremental business through the SEO channel."

Rob Shaw, group chief executive offider of Epiphany, said:"ingenie's business mirrors Epiphany's in many ways – as well as being a fast-growing challenger brand with a key point of differentiation, ingenie's use of data science for customer benefit is certainly something we at Epiphany can get behind.”

Ingenie insures a target market of 17 to 25-year-old drivers, a group often priced out of insurance due to the perceived high risk.

Further to post 55:

Unica, Independent Broker Resources launch telematics for commercial auto insurance customers
2015-03-03

Unica Insurance Inc. and Independent Broker Resources Inc. (IBRI) announced Tuesday that Unica is endorsing Fleetadvisor, a commercial auto insurance product announced by IBRI in January.

IBRI, a subsidiary of the Association of Insurance Brokers of Ontario (IBAO), announced in 2013 a partnership with Quindell Portfolio Plc to offer insurance based on telematics technology. Telematics lets auto insurers provide usage-based insurance by monitoring driving behaviour such as mileage, speed, sudden acceleration and hard braking.

Fleetadvisor uses telematics technology provided by Quindell in commercial vehicles.

"With the fleet manager's consent, both Unica and brokers will have viewing access to the drivers' data," IBRI and Unica said in a release Tuesday. "With this consent, effective immediately, fleets utilizing fleetadvisor are eligible to receive an additional 5% discount on their insurance premium through Unica's Commercial fleet program."

Mississauga, Ont.-based Unica is a subsidiary of La Capitale General Insurance of Quebec City.

5 March 2015

Quindell Plc

Update and Issue of Equity


On 27 February 2015, Quindell Plc (AIM: QPP.L) announced that the focus of its core business activities going forward would comprise two operating divisions: the Professional Services Division and the Technology Division, and that the Board would take appropriate action to deliver shareholder value from certain non-core assets. Further to this, the Company announces the following corporate actions:


1. The disposal of Quindell's minority investment in Nationwide Accident Repair Services plc ("NARS"). The Company's entire holding of 10,930,423 ordinary shares in NARS was sold on 4 March 2015 at a price of 65 pence per NARS share realising net proceeds of approximately £7.1m. The proceeds of the sale will be applied towards general working capital purposes.



2. Subject to the approval of the Court of Chancery of the State of Delaware USA ("Court"), the settlement of litigation in respect of Navseeker Inc., a subsidiary of Himex Limited (a wholly owned subsidiary of Quindell) ("Navseeker") whose Evogi business remains a core part of the Company's Connected Car business:



· The agreement of terms with the Plaintiffs for the settlement of litigation (Laurence Baker, et al. v. Hassan Sadiq, et al. and NavSeeker, Inc. C.A. No. 9464-VCL, Court of Chancery of the State of Delaware USA)("Litigation") and the associated acquisition of 11.67 per cent. of Navseeker not already held by the Company ("Settlement"). The Settlement, which remains subject to final approval by the Court has been made without admission of liability. The Company has been advised that the Plaintiffs' claims had no merit and the Litigation was being strenuously defended. However, given the alternative of an expensive and protracted continuation of US based litigation, the Board has determined that settlement is the best course of action in the circumstances. Notwithstanding the Board's belief in the strength of its defence to the Litigation, its outcome would still have been subject to the usual uncertainty that is an inherent part of any civil litigation.



· Following Court approval of the Settlement, the Company will acquire the shares in Navseeker held by the Plaintiffs for a consideration of 684,770 new ordinary shares in Quindell of 15p each ("Settlement Shares"). In addition, the Company will make a cash payment US$1 million to the Plaintiffs in the Litigation.



· Application for the Settlement Shares to be admitted to trading on AIM ("Admission") will be made following Court approval of the Settlement an announcement will be made in due course.

3. As part of its wider strategy in respect of non-core assets, the Company is taking steps to consolidate some of its property services interests in order to facilitate future options for disposal. Therefore, application will be made for 3,666,667 new ordinary shares of 15p each in Quindell ("BEI Consideration Shares") to be admitted to trading on AIM ("Admission"). The BEI Consideration Shares will be issued in respect of the acquisition by Brand Extension (UK) Limited, a wholly owned subsidiary of Quindell ("BEL") of:



(1) the 50 per cent. of the entire issued share capital of BE Insulated (UK) Limited ("BEI") not already owned by BEL; and

(2) the entire issued share capital of Carbon Reduction Company (UK) Limited, the installation arm of BEI.



The Company's initial interest in BEI was acquired as part of the acquisition of Quindell Property Services which was first announced on 3 May 2013. The BEI Consideration Shares will be issued to Ben Williams, a director of BEI.



As part of this arrangement and subject to certain conditions being met following an audit of BEI's results for the year ended 31 December 2014, up to a further 200,000 new ordinary shares of 15p each in Quindell will be issued to Mr. Williams.



Admission of the BEI Consideration Shares is expected to occur on 10 March 2015 after which Quindell will have 440,113,677 ordinary shares of 15p each ("Ordinary Shares") in issue. The Company has no Ordinary Shares held in treasury. The total of 440,113,677 Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

-ends-

http://www.moneyam.com/action/news/showArticle?id=4989449

Auto insurance: Technology beckons young drivers with lower premiums

British firm launching digital device that rewards safe driving with insurance rebates

By: Ian Harvey Special to the Star, Published on Thu Mar 05 2015


Like many young men, Andrew Hoy has been dreaming about getting his own wheels since he first got his driver’s license at age 16.


Today at 20, his dream remains a fantasy he can’t afford because — like most of Ontario’s roughly 1.3 million drivers under 25 — he can’t afford the $7,000 annual insurance premium for just a basic car, despite having no tickets on his record.


“I have to be insured under my mom’s policy and drive her car,” says Hoy, shaking his head. “I just want my own car and to pay a reasonable amount for insurance.”


His story is all too familiar because the cost of a car, gas and maintenance pales to the horrendous quotes demanded by insurance companies. It’s a formidable barrier to a key rite of passage into adulthood, your first set of wheels.


Hoy and the other roughly 170,000 16-to 24-year-olds who acquire their licenses in Ontario every year may now find some relief. March 9 brings the Ontario launch of Ingenie, a British insurance broker that in partnership with Aviva is targeting young drivers with offers of substantially lower rates and a rebate for good driving habits.


Ingenie founder Richard King says the entire business model is built around an a black box in the vehicle and an interactive mobile application. The technology provides constant feedback to young drivers and rewards them with further discounts of up to 25 per cent, paid immediately, based on reviews of their driving actions every 90 days.


The system is an extension of what’s called telematics — capturing data in real time, then applying an algorithm to analyze and flag behaviour. This concept of User Based Insurance (UBI) was introduced a couple of years ago to the Ontario general insurance market. But this is the first time a broker and underwriter have specifically targeted young drivers in Canada.


Instead of being rated against a sea of data from all drivers in their class, they are rated on their own performance.




“We’re here because we can see young Canadian drivers are discriminated against and that’s why they continue to have to be on mom and dad’s insurance and can’t get their own vehicles,” King says.


Ingenie is confident that results here, based on existing data and research, will match those in Britain, where the firm has operated since 2011.


Ontario’s status quo means that all drivers younger than 25 are considered high risk if they want to insurance their own vehicles, often regardless of the type or age of vehicle.


Young drivers are burdened with statistics showing auto collisions are the leading cause of death for those aged 15 to 24. The age group accounts for about 12.5 per cent of vehicle fatalities across Canada. Collisions — safety experts don’t use the word accident anymore — are most often caused in this group by distractions such as texting and phone use, particularly if there are other kids in the car. Some 30 per cent of incidents result from alcohol. Also high on the list is collisions from marijuana use.


Speeding, lack of seat belt use, driving at night and fatigue are also common elements.


Britain’s driving data closely mirrors Ontario’s experience; 95 per cent of collisions there were caused by a poor attitude to risk.


What Ingenie seeks to do is monitor, correct and reward behaviour to change those stats. Its box device plugs into the vehicle ODB (On Board Diagnostics) port and synchs with a mobile device. The system tracks acceleration, braking, cornering, speed and other metrics.


King says because tech-savy youths tend to constantly download their driving data and respond by adapting their habits to what they learn.


“It’s not just that data,” says King. “What the system looks for is smoothness in operating a vehicle.” That’s a better measure of driving safety than just accelerating to get onto a highway once or twice or braking to avoid a taxi that is cutting off a vehicle.


“The thing about young people, especially teens, is that the frontal lobe of the brain isn’t fully formed yet,” King notes. Their evaluation of risk and control of impulse isn’t as developed. “But they can learn and we can teach them to be better drivers, unlike an adult of 45 whose driving DNA is locked in.”


King says the system has a good idea after just 65 kilometres as to the attitude and risk the driver exhibits.


“They get a score of 1 to 100 as to how they are doing and it really works,” he says. Those who drive recklessly get email messages with positive tips on lowering their scores. If the poor pattern continues, drivers may end up with a telephone counseling session with a psychologist trained in driving behaviour.


Ingenie is also looking to partner with other underwriting companies in Ontario and is looking at expanding elsewhere in Canada and the United States.


King is confident the system works, based on the 250 million miles of data its amassed. Ingenie claims its system reduces crash risk by 40 per cent and reduces dangerous driving incidents by 21 per cent among the age 16-to-24 group. Ingenie also claims a 50 per cent drop in crash risk after one year of system use.


With average insurance policies of around $3,000 in the U.K., it’s no surprise half of young drivers there are opting for a telematic-driven insurance policy. Roughly 70 per cent of them get a discount in their first year.


“I would definitely look at something like this,” responds Hoy. “My driving habits are so much better since I got my full G license and I would do anything to reduce the cost of insurance. It really sucks right now.”



Edit

http://www.pressreader.com/canada/toronto-star/20150307/283759902515778/TextView

Maybe of future interest:

Richard King
‏@ingenie_Richard Google launches its long-anticipated comparison website for auto insurance in California http://nyti.ms/18UQNlB via @nytimesbits

https://twitter.com/ingenie_richard

Google Introduces Long-Anticipated Insurance Shopping Site

Designed exclusively for young drivers, ingenie car insurance launches in Ontario
Canada NewsWire
TORONTO, March 9, 2015

- ingenie's approach to auto insurance has a proven track record of reducing collisions and cutting insurance costs -

- Young drivers are given a 10% up-front saving for choosing telematics, with the opportunity to earn up to an extra 25% Good Driving Discount. Online quotes are now available at www.ingenie.ca/

TORONTO, March 9, 2015 /CNW/ - Eighty per cent of young drivers in Ontario say it's unfair that young people pay higher car insurance rates. Now, auto insurance brand ingenie is taking the side of young drivers to help tackle the problem. ingenie is available exclusively to Ontario drivers aged 16 to 24, designed to help them become better, safer drivers and reward them with Good Driving Discounts.

"Traditionally, young drivers have been discriminated against and treated as a high risk by the insurance industry. ingenie is all about providing auto insurance specifically designed for young drivers," says Richard King, ingenie founder and CEO. "We help young drivers develop a good driving style, then reward them for how they actually drive, rather than treating them as a statistic."

In the U.K. where ingenie has been available since 2011, the approach has reduced young drivers' risk of having an accident during the first six-months of driving by 40%. Seventy per cent of ingenie's U.K. drivers earn discounts for safe driving.

Young drivers insured by ingenie install a Smartbox in their car, which builds a picture of their driving style based on indicators such as speed, acceleration, braking and cornering. Customers receive feedback on their driving every 10 days through the ingenie app or online at ingenie.ca. The feedback includes a driving score out of 100, tips on how to improve their driving and the amount they are on track to save through their Good Driving Discount.

Compared to traditional insurance models where drivers would have to wait until the end of the year to see a discount, with ingenie young drivers can earn their Good Driving Discount three times a year – up to 25% off a year in total. This helps to overcome the biggest hurdle between young drivers and car ownership; young drivers in Ontario say the cost of insurance is the biggest barrier to owning a car (60%), even more so than the up-front cost of buying a car (54%).

"This regular feedback and financial incentive can reduce insurance costs and is proven to help young drivers develop safe driving habits. In fact, in the U.K., over 90% of drivers regularly engage with their driving feedback to see how they're driving, find tips to help them improve and check how much they're on track to save. They are safer drivers as a result and proven less likely to be involved in a collision," says King. "We're excited to launch in Ontario as we are confident ingenie can reduce the number of young drivers involved in accidents and help make their auto insurance more affordable."

How ingenie works

ingenie is the first broker to allow young drivers to get an auto insurance quote, see how much they could save by driving well and quickly complete their purchase online. They also have the option to speak to an ingenie advisor if they have any additional questions.

After signing up with ingenie, drivers are sent a Smartbox, a small self-contained unit, which collects data on driving behaviour. Drivers can install the Smartbox easily on their own by plugging it in to their car's OBD (Onboard Diagnostic) port. Soon after beginning to drive with the Smartbox, customers can review their regular feedback, driving score and possible Good Driving Discounts in the ingenie app or online.

Watch our video to see how ingenie works.

About ingenie

ingenie is an innovative young driver insurance brand that uses telematics technology to reward safe driving with savings. ingenie builds a picture of a driver's individual style, awareness and safety on the road, rewarding those who drive well with up to an extra 25% Good Driving Discount and helping those who need improvement become safer.

ingenie was awarded the prestigious Prince Michael International Road Safety Award in 2013, in recognition of its work to help make young drivers safer on the road. Among a number of industry awards, ingenie has won best start-up at the 2014 British Insurance Awards and insurance innovation of the year at the Insurance Times Awards.

There is more information about how ingenie has improved young drivers' driving habits in the U.K. in the ingenie Young Driver Report.

About ingenie's research on Ontario young drivers

Results for the ingenie study are based on an online survey conducted by Environics Research Group between February 9 and 17, 2015. A total of 500 interviews were conducted with licensed young drivers aged 16 to 24, living in Ontario.

SOURCE ingenie

Image with caption: "ingenie auto insurance is now available exclusively to Ontario drivers aged 16 to 24. To help them become better, safer drivers, young drivers insured by ingenie install a Smartbox in their car and receive feedback on their driving every 10 days with the opportunity to earn a Good Driving Discount three times a year. ingenie’s approach to auto insurance has a proven track record of reducing collisions and cutting insurance costs. Online quotes are now available at www.ingenie.ca (CNW Group/ingenie)". Image available at: http://photos.newswire.ca/images/download/20150309_C6266_PHOTO_EN_12909.jpg

Canada

New: Get your quote and buy online with ingenie
09th March 2015

We’re pleased to announce that young drivers can now buy insurance direct from ingenie.ca.

We're the first broker to let young drivers get a quote and see how much they could save by driving well, then pay online in just a few minutes. They also have the option of speaking to an advisor over the phone if they need more help.

ingenie is all about young drivers

We designed our insurance specifically for young drivers, allowing them to be treated as individuals and have more control over their insurance costs.

Using the ingenie Smartbox, we build up a picture of their driving style, giving feedback to help them improve and Good Driving Discounts of up to an extra 25% over the year. It's simple: drive well, pay less.

Why ingenie came to Canada

Road safety:

According to the latest Ontario Road Safety Annual Report, 22% of vehicle collisions involve a driver aged 16 to 20. Having proved in the UK that our Smartbox lowers the risk of having an accident by 40%, we're now bringing ingenie's road safety benefits to young Canadians.

Affordable insurance:

Ontario has also seen very high insurance costs for young drivers and 60% said this was the biggest reason for not buying a car, so we wanted to give under-24s here a way of getting on the road more affordably.


Traditionally, young drivers have been discriminated against and treated as a high risk by the insurance industry. ingenie is all about providing auto insurance specifically designed for young drivers.

We help young drivers develop a good driving style, then reward them for how they actually drive, rather than treating them as a statistic.


Richard King
ingenie founder

Canada

A unique proposal for young drivers
March 11, 2015

Founded in 2011, ingenie is ready to try and repeat its U.K. success in Canada.



Hey young drivers and parents - how about a break on your auto insurance?

Coming to Canada in March is ingenie, which is a U.K.-based insurance company that specializes in backing drivers aged 16-24.

Founded in 2011, ingenie is ready to try and repeat its U.K. success in Canada.

Underwritten by Aviva Insurance, the company uses new technology that sees drivers plug an Internet-connected device into their vehicle. While far from the first company to offer discounted insurance rates based on your driving style, they're the first to target young drivers.

I sit down with the company's founder and CEO, Richard King, to learn more.

Plug the Smartbox into a port in your vehicle, install the accompanying app onto your iPhone or Android mobile device, and let the tracking begin. That's the key here - you're trading your driving information for lower rates.

Like ingenie's tagline says: "drive well, pay less."

Drivers get 10% off by signing up, and save up to 25% during the year by proving they're driving safely. If they're not, though, then the prices increase.

The Smartbox tracks your start and end points, but more, it monitors the driving style you used to get there, charting things like speed, braking, accelerating, and cornering. Your style will be ranked on a 100-point scale, in addition to feedback that arrives every 10 days, and that is displayed within the app.

It's possible to earn a dangerous driver reputation, which shoots you to the top of ingenie's watch list. If that happens, your phone will ring and a psychologist will be on the other end, who will talk to you about why you're driving like a jerk and endangering others.

According to ingenie, it's working. In the U.K., one out of every eight young drivers enrolled with ingenie is averaging a crash, compared to the national average of one out of every five. King attributes this to the performance-based financial rewards as much as the constant feedback on their driving, saying the typical user checks their account 14 times per month.

I tell King that “that's a lot of data you now have on me. What are you doing with it and how is it protected?"

I'm assured the data will only be accessed by the underwriters, will not be shared with any third parties, will remain on a server farm located within our Canadian borders, and won't be given to the police.

Eyes still narrowed, I tell King my idea (which I'm not sharing here) on how to defraud the system, and he smiles. They've thought of it, and have in place a few more ways to know if you're trying to cheat the system.

The Canadian arm of ingenie launches first in Ontario, and says it expects to launch in other provinces, but needs to work through some red tape before anything can be confirmed.

I'll have the chance to test the Smartbox in the coming weeks, so watch for an upcoming column about that.

Relates to the interview in the post above:


Richard King @ingenie_Richard
· 12 mins 12 minutes ago
Great to talk cars with @Autonet_ca's @KeriBlog recently – oh and we may have touched on ingenie’s Canada launch too http://www.autonet.ca/en/2015/03/11/insurance-for-the-young---ingenie-arrives-in-canada …

https://twitter.com/ingenie_richard

Major Shareholders

The Company has been notified of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 12th March 2015:



Name-----------------------------------Total Interest--------------% Holding
M&G Investments (Prudential)---------29,166,666 -----------------6.63%

Sub Total--------------------------------29,166,666-----------------6.63%

http://www.quindell.com/Major-Shareholders/major-shareholders


Link to historic from November 2014 to present:

http://www.moneyam.com/InvestorsRoom/posts.php?page=1&tid=18581

13 March 2015

Quindell Plc

Issue of equity

On 5 March 2015, Quindell Plc (AIM: QPP.L) announced the settlement of litigation (Laurence Baker, et al. v. Hassan Sadiq, et al. and NavSeeker, Inc. C.A. No. 9464-VCL, Court of Chancery of the State of Delaware USA) and the associated acquisition of 11.67 per cent. of Navseeker, Inc ("Navseeker"), not already held by the Company (which includes shares held by non-litigants to whom Quindell is required to extend the Navseeker purchase offer)("Settlement"). As part of the process to achieve full ownership of Navseeker, the Company further announces that it has today issued 832,946 new ordinary shares of 15p each in the Company ("Ordinary Shares"), in respect of the acquisition of a further 8.33 per cent. of Navseeker not already held by the Company.



Navseeker is a subsidiary of Himex Limited (a wholly owned subsidiary of Quindell) and following completion of this acquisition and the Settlement, Navseeker will be a wholly-owned subsidiary of Himex.



Application will be made for the 832,946 new Ordinary Shares to be admitted to trading on AIM "Admission"), with Admission expected to occur on 20 March 2015. Following Admission, Quindell will have 440,946,623 Ordinary Shares in issue. The Company has no Ordinary Shares held in treasury. The total of 440,946,623 Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

-ends-

http://www.moneyam.com/action/news/showArticle?id=4995221

Sunday Times today:

http://www.thesundaytimes.co.uk/sto/bus ... 531148.ece

Aussies close in on Quindell deal

Ben Harrington Published: 15 March 2015

AUSTRALIA’S largest law firm is on the verge of sealing a takeover of Quindell’s legal services division that could eventually value the unit at up to £900m.

City sources said Quindell’s board is on the verge of recommending a £640m cash offer from Slater & Gordon, which is listed on the Australian stock market.

Quindell’s legal services division provides solicitors and barristers to insurance companies when they receive claims from motor accidents.

In addition to the £640m up-front price, Slater & Gordon is expected to pay Quindell 50% of receipts from noise-induced hearing loss cases.

The receipts are expected to pay Quindell between £100m and £300m over the next three years, said one source. Slater & Gordon is understood to have completed due diligence on Quindell and both companies could announce a deal by March 23, when the Australian group’s “exclusivity” agreement runs out. Quindell and Slater & Gordon declined to comment.

If Slater & Gordon completes the takeover bid, it would mark a remarkable turnaround in fortunes for AIM-listed Quindell, whose travails have gripped the City over the past 18 months.

Its shares soared — at one stage it was on course to join the FTSE 250 — then slumped after an attack by a short-seller. A series of gaffes then led to the departure of chief executive Rob Terry in November. On Friday, Quindell’s shares closed at 98½p, giving the company a market value of £433m.

Cheers geoffsh.

Ben Harrington also owns/edits the 'Betaville' blog which in the past has reported on QPP and pretty accurately too. Time will tell but should be a positive lively morning tomorrow.

22 January 2015-Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division - part 3

22 January 2015-Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division - part 2

21 January 2015-Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division

Edit-Link to Sunday Times article

MPs question FCA over insurance outsourcer Quindell's share dive
Oscar Williams-Grut
Associate business editor
Monday 16 March 2015

Britain’s financial regulator is facing mounting pressure to reveal details of its investigation into a “deeply worrying” allegation of market abuse that left hundreds of retail investors with huge losses.

Vince Cable, the Business Secretary, and Andrew Tyrie, chairman of the Treasury Select Committee, have written to the Financial Conduct Authority (FCA) calling for information on its response to the share price collapse of the insurance outsourcer Quindell last April. A number of other MPs and hundreds of investors have also petitioned the watchdog.

In a letter seen by The Independent, Mr Cable said allegations of “potential market abuse” raised by a constituent were “deeply worrying” and posed questions to the regulator about its response to the incident.

The value of Quindell, listed on the Alternative Investment Market, plummeted by £1bn last year after a US short-seller published allegations about the business online. The company denied the claims and won a court case in the UK against the short seller, which failed to provide a defence. But the shares have not recovered, and Quindell’s investors, most of them individuals rather than institutions, have been left with hundreds of thousands of pounds worth of losses.

The Quindell Shareholder Action Group (QSAG), which represents more than 1,000 investors, believes the company could have been a victim of market abuse and has been calling for the FCA to investigate. But the group claims to have been stonewalled by the watchdog, which will not even confirm whether it has looked at the incident.

A spokesperson for the QSAG said: “We raised 15 questions with the FCA and they’re refusing to answer any of them. This is tantamount to a burglar robbing your house and the police saying, ‘We might investigate this or we might not, but if we do, we can’t tell you the outcome.’ That’s ridiculous. This is an organisation that’s supposed to protect investors.”

The FCA only reveals details of investigations if wrongdoing is uncovered and once they are concluded, so as not to unduly affect a company’s share prices.

Mr Tyrie has written to the FCA’s chief executive, Martin Wheatley, asking him to explain why the regulator did not impose a temporary ban on short-selling despite the fall triggering alarm bells.

The former secretary of state Peter Hain has also written to the regulator, and this week submitted two questions to the Treasury on the matter. He told The Independent: “It is scandalous that thousands of Britons who invested in Quindell, many of whom put their life savings into this company, have seen the value of their shares plummet. The FCA has failed these investors abysmally and continues to duck its responsibilities, with the Chancellor unwilling to intervene.”

An FCA spokesperson said: “We take all allegations of market abuse very seriously. Every allegation notified to us is reviewed by our market monitoring department. However, we do not comment on individual cases.”

what a good day - WHAT!?

looks like a classic buy on rumour sell on news so far ;

Quindell confirms discussions with Slater & Gordon

StockMarketWire.com

Quindell (AIM: QPP.L) has commented on an article in yesterday's Sunday Times and confirmed that it remains in discussion with Slater & Gordon ("SGH") regarding the possible disposal of the professional services division ("PSD") of the Group.

The company said that a number of deal structures have been discussed with SGH including one with an up front value of £640m 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 division.

At 11:52am: (LON:QPP) Quindell Plc share price was +26p at 125.5p

http://www.moneyam.com/action/news/showArticle?id=4995964

Quindell nears law arm sale
By Harriet Mann | Mon, 16th March 2015 - 16:52


Quindell (QPP) has confirmed that it could sell its legal professional services division (PSD) to Australian law firm Slater & Gordon for £640 million in cash plus a share of receipts from the settlement of Noise Induced Hearing Loss cases. That could eventually value the division at £900 million. The news comes amid reports that business secretary Vince Cable has called on the Financial Conduct Authority to reveal more details about its investigation into Gotham City Research and allegations of market abuse last year.

Responding to weekend press speculation, Quindell said Slater & Gordon could pay the bulk of any consideration for PSD upfront, with receipts on top. According to the Sunday Times, those receipts could be worth £100-£300 million over the next three years.

Slater & Gordon is understood to have completed due diligence on Quindell and both companies could announce a deal by March 23, when the Australian group's "exclusivity" agreement runs out. Quindell and Slater & Gordon declined to comment.

"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," read a brief statement on Monday.

As is usual in these cases, Quindell warned the market that nothing was certain. However, if Slater & Gordon does pay up, the implication is that the Aussies were happy with their own checks into accounting policies at the business. If Quindell has been consistent across the business, investors will become increasingly confident that a review being conducted by accountancy firm PwC will not reveal any nasties.

PwC said a fortnight ago that it needed another "few weeks" to complete its review, over three months after it began digging around. Quindell said it is considering advice about its main accounting policies, particularly on revenue recognition in the professional services division, although no conclusions have been reached.

Quindell shares shot up by a third on Monday to a three-month high at 134p, kissing the 200-day moving average for the first time in almost a year.

Elsewhere, Vince Cable and chairman of the Treasury Select Committee Andrew Tyrie have written to the FCA asking for more information on its response to Quindell's collapse in market value last April, the Independent has reported. The case has already been to court, a hearing Quindell won when Gotham failed to provide evidence.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

Off the radar guys same idea telematics.


As foretold now give us the porsche update

Techinvest TIPS FOR 2015 Starcom (#STAR; AIM) Starcom (STAR; AIM) 14.5p

The shares climbed 258% on the day the

Company announced its selection as official

partner to the largest Porsche dealership in

Germany, Porsche Zentrum Baden Baden.

Under the agreement, Starcom’s Helios TT

vehicle tracking system will be offered as a

dealer-fitted extra. Starcom hopes that other

dealerships in Germany will sign similar

agreements.

Avi Hartmann, CEO of Starcom,

commented that “this could be the recognition

Starcom needs to become a major force in the

European telematics market”.

We concur. Speculative add

http://www.techinvest.ie/downloads/sample.pdf

http://www.ryansolutions.eu/en/products/tracking-systems/starcom

T.J. Donnelly ‏@TjDonnelly · 13h13 hours ago
.@StudentLifeNet Free Ride is live. Car & expenses paid. Thanks to our friends @ingenie_ca http://freeride.studentlifenetwork.com

http://freeride.studentlifenetwork.com/

also

https://twitter.com/ingenie_richard

IBAO: Insurance Brokers Association of Ontario
21 hrs

The January/February issue of The Ontario Broker is here! This issue features several amazing articles, including one with a special message from IBAO President, Michael Brattman. http://ow.ly/KoPmp

Noise-induced hearing loss a disease, High Court rules
17 March 2015By John Hyde

The High Court has ruled that noise-induced hearing loss (NIHL) should be treated as a disease rather than an injury for the purpose of claims – and therefore be subject to higher success fees.

Mr Justice Phillips said four claims by former employees of BT should attract a solicitor’s success fee of 62.5% as their condition was regarded as a disease.

The claims, which had been settled, dated back to before the Jackson reforms and so success fees were recoverable by the claimants’ representatives from Cardiff firm Hugh James.

BT’s in-house team argued the noise-induced hearing loss claims should be treated as an injury according to the Civil Procedure Rules and subject to a 25% success fee.

Phillips said both claimants and defendants had accepted NIHL as a disease following an industry ‘settlement’ in 2005.

But the defendants’ stance changed from October 2012 when a ruling on non-freezing cold injury found it was classified as an ‘injury’ for the purposes of the success fees recoverable.

BT argued that the same principles involved in that case could be applied to NIHL as the condition was caused by immediate physical trauma, rather than a disease in any natural or ordinary sense.

But Phillips rejected that assertion and pointed out that occupational deafness has been ‘expressly defined’ as a disease through subordinate legislation since 1975.

He added: ‘[The] defendant’s insurers’ attempt to re-open (if not renege on) the industry agreement made in 2005 does them little credit. The large number of NIHL claims in which the argument about the success fee has been raised will have been funded by conditional fee agreements which were entered on the basis that a 62.5% success fee would be recovered.

‘To seek to limit such success fees to 25% is an opportunistic attempt to avoid part of the overall bargain.’

A spokesman for Hugh James said had the challenge been successful it would have resulted in uncertainty for many noise-induced hearing loss claimants.

‘The risk involved in conducting such a complex claim would mean that many could no longer be fought on the basis of risk, severely hampering access to justice for thousands.’

This offer for the Vauxhall ADAM was announced last month but just highlighting this advert which is dated today:

Young Drivers On The Road For Less
Article by luke.mezzone@cmsk.co.uk
March 19th, 2015

Following the success of its young driver insurance offer on Corsa, which was taken up by over 1,500 customers, Vauxhall is offering the same great deal to young ADAM drivers to help lower the cost of motoring.

Drivers aged 18-20 can get one year’s insurance cover for a one-off payment of £99, which they can even earn back, and 21-75 year olds can get free insurance on most ADAM models.*

“With young drivers potentially paying upwards of £2,000 for insurance when they are 18, this offer for ADAM drivers is an amazing deal and shows our commitment to lowering the cost of motoring,” said John Hennelly, Vauxhall’s Marketing Programmes Manager.

The £99 insurance offer for drivers aged 18-20 and the free insurance offer for 21-75 year old drivers is available for all eligible orders or registrations up until 6 th April 2015 when an ADAM is taken with either a 2.9% PCP contract or a contract hire agreement.

To qualify for the offer, 18-20 year old drivers simply have to allow insurance provider, ingenie, to install a ‘black box’ to monitor driving style, including speed, acceleration, braking and cornering. Under the previous Corsa offer, over 70 per cent of customers received a money back discount.

They will receive a score from ingenie every ten days or so (depending on mileage) via a smartphone app. If they drive well, they will be rewarded with up to £33 per quarter – meaning they could recoup the cost within 12 months.

“We’ve made it our mission to help get young drivers on the road without breaking the bank, and most importantly to keep them safe while they’re there,” said Richard King, founder and CEO of ingenie.

The offer is available on JAM, GLAM, SLAM, ROCKS and ROCKS AIR models in the ADAM range, with only the ADAM GRAND SLAM excluded. However, Vauxhall is making the GRAND SLAM as affordable as possible with a 2.9% flexible PCP contract offer, so drivers can get behind the wheel for just £199 per month with a deposit of £2,572.35.

Possible future interest:

Pete Karageorgos @PKarageorgos
· 15 hrs 15 hours ago
Good meeting with @ingenie_Richard of @ingenie_ca today! Innovative product for young drivers.

(Pete Karageorgos

@PKarageorgos

Director, Consumer & Industry Relations - ON, Insurance Bureau of Canada. Father, Husband, Youth soccer coach, Comm. & Ins. professional. Opinions are my own.

 Toronto, Ontario)

https://twitter.com/PKarageorgos

ingenie Canada Inc. chooses Keal Technology as its Broker Management System Provider

Toronto, ON (Mar. 19, 2015) – Keal Technology, innovators in broker solutions, have announced that ingenie Canada Inc., an insurance telematics brand for young drivers, has selected Keal's SIG solution to support its newly launched online quote and buy system.

ingenie allows young drivers to be treated as individuals by use of its Smartbox telematics technology, which builds a picture of how they really drive. Customers are given a 10% up-front saving when they buy insurance with ingenie, and the opportunity to earn up to an extra 25% Good Driving Discount. Billing is reviewed three times each year, which means customers can start saving after just three months. Additionally, they receive regular driving feedback online or via their mobile app to help them improve.

Keal's SIG solution was chosen by ingenie as their Broker Management System. Working with ingenie's real time quote and buy website, SIG works behind the scenes to allow customers to gain a quote and then bind the policy online, capturing all of the customer information for the brokerage records. Payment can be taken via a number of methods, including credit card. SIG then integrates with Aviva's systems to send the policy information to them, which returns a policy number in real time into SIG.

Lorie Phair, CEO of ingenie Canada Inc., speaks to their decision to choose Keal, "The new ingenie quote system is the first to give young drivers the flexibility to get an insurance quote, check how much they could save by driving well, and then complete their purchase online. We chose Keal because they are the only vendor that would be able to quickly create the integration between prospects to insurer with the support and control of the brokerage."

Pat Durepos, President of Keal, states: "This solution is a great example of what e-brokers require in 2015. Consumers want to transact electronically from any device, 24/7 and 365 days a year. They also want to do this under the comfort of their trusted advisor Broker. This solution makes this a reality."

Keal's ability to respond to their Broker-Partners' changing needs opens the door to future development projects and innovations that will allow their clients to remain relevant in an ever-changing marketplace.

About Keal

Keal Technology is the expert in Canadian broker innovation and a leader in the BMS (Broker Management Systems) and CMS (Commercial Management Systems) marketplace for insurance and financial services brokers. They offer an integrated suite of products designed to increase revenue through efficient use of technology. For more information, visit www.keal.com.

About ingenie

ingenie is an innovative young driver insurance brand that uses telematics technology to reward safe driving with savings. ingenie builds a picture of a driver's individual style, awareness and safety on the road, rewarding those who drive well with up to an extra 25% Good Driving Discount and helping those who need improvement become safer. ingenie was awarded the prestigious Prince Michael International Road Safety Award in 2013, in recognition of its work to help make young drivers safer on the road. Among a number of industry awards, ingenie has won best start-up at the 2014 British Insurance Awards and insurance innovation of the year at the Insurance Times Awards.

SOURCE: Keal Technology

Young driver conference fully subscribed
Thursday 19th March 2015



A conference devoted to the challenge of reducing collisions involving young drivers, to be held in London next month, is now fully subscribed.

Young Driver Focus, jointly organised by Road Safety GB & FirstCar, will be held at the RAC Club in central London on 15 April. The event is sponsored by ingenie and the venue provided courtesy of the RAC Foundation.

The capacity for the venue is 150 delegates which was exceeded more than a month prior to the event taking place.

The conference comprises four sessions looking at young driver research and interventions, the use of telematics to influence driving behaviour, and the driver training process – plus an expert panel discussion.

The conference will open with an address by HRH Prince Michael of Kent GCVO and the speaker line up includes: Professor Stephen Stradling (Edinburgh Napier University), Michael McDonnell (Road Safety Scotland), Richard King (ingenie), Ian Edwards (eDriving Solutions) and Dr Shaun Helman (TRL).

The inaugural FirstCar Young Driver Road Safety Awards 2015, sponsored by ingenie, will also be presented at the conference. The awards have received a total of more than 50 entries across the three categories.

James Evans, FirstCar’s founder, said: “We are delighted with the level of interest in the conference and the commitment from within the road safety profession to reduce the number of collisions and casualties among young drivers.

“We are also surprised and delighted with the number and quality of entries we’ve received for the FirstCar Young Driver Road Safety Awards. The interest has far exceeded our expectations. The judges face a challenging task in selecting the winning entries from such a high quality field.”

Although the event is fully subscribed, anyone who would like to attend can complete the booking form and will be offered a place in the event of a cancellation.
- See more at:
http://www.roadsafetygb.org.uk/news/4260.html#sthash.KCiuOy4k.dpuf



http://www.roadsafetygb.org.uk/news/4260.html

https://www.youtube.com/watch?v=ADL5qPxFehM

Cheers aldwickk, pretty balanced view.

http://quindellecho.com/2015/03/20/signs-look-positive-regarding-quindell-sg-deal/

Maybe not tomorrow then.






hxxp://betaville123.blogspot.co.uk/




Betaville


Sunday, 22 March 2015




Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division - part 14



I hope your having a good weekend Betavillers.

I have been getting a lot of questions (and a fair amount of abuse, too) in recent days about the Slater & Gordon/Quindell story I have been covering in the last few weeks.

For readers that don't recall, the £640 million sale of Quindell's legal services division to Australian law firm Slater & Gordon had been scheduled to be announced tomorrow.

However, I understand the timetable for the announcement of the Slater & Gordon takeover of Quindell legal services unit changed last week.

Sources familiar with the situation tell me the deal is now on course to be announced at the end of this (upcoming) week instead of tomorrow - although one person cautioned there could be further delays to the timetable.

ingenie to sponsor Young Driver Focus 2015
Friday 20th March 2015



ingenie has been unveiled as the main sponsor of Young Driver Focus 2015, and Richard King, ingenie CEO, will deliver a keynote presentation at the event.

Young Driver Focus*, jointly organised by Road Safety GB & FirstCar, will be held at the RAC Club in central London on 15 April, courtesy of the RAC Foundation. With a capacity of 150 delegates the conference was fully subscribed more than a month prior to it taking place.

In a little over three years since formation, ingenie has disrupted the market and established itself as one of the leading insurance brands for young drivers.

ingenie is all about helping young people become better, safer drivers. By fitting a black box in the car, ingenie builds a picture of its customers’ unique driving styles so they can be treated as individuals and earn discounts for good driving.

ingenie provides regular driving feedback – including speed, acceleration, braking and cornering – both online and through the ingenie app. Customers can keep an eye on how they are driving and how much they are on track to save. Put simply, the concept is 'drive well, pay less'.

Since founding ingenie, Richard King has become passionate about road safety and is a regular TV and social media contributor on the issue.

Richard will use his presentation to give an overview of the positive impact of telematics within ingenie’s community of young drivers, evidence of which was revealed in its recent Young Driver Report. He will also discuss what it will take for the growth of telematics to continue, and what the future holds in terms of Government support.

Young Driver Focus 2015*

The conference comprises four sessions looking at young driver research and interventions, the use of telematics to influence driving behaviour, and the driver training process – plus an expert panel discussion session.

The conference will open with an address by HRH Prince Michael of Kent GCVO and the speaker line up includes: professor Stephen Stradling (Edinburgh Napier University), Michael McDonnell (Road Safety Scotland), Richard King (ingenie), Ian Edwards (eDriving Solutions) and Dr Shaun Helman (TRL).

Although the event is fully subscribed, anyone who would like to attend can complete the booking form and will be offered a place in the event of a cancellation. - See more at: http://www.roadsafetygb.org.uk/news/4263.html#sthash.yIwnGM1S.dpuf

From the ingenie Canada website and their blog.....a round-up of last weeks Online and Radio exposure:


ingenie in the news

It's been pretty busy around here since launching our new online quoter, designed to make it easy for young drivers get a quote, check how much they could save by driving well and then buy their insurance online.

ingenie founder Richard King has been busiest of all, doing interviews for newspapers and talking on the radio about how ingenie can help young drivers in Canada make their insurance costs more manageable.

Spoiler: if you drive well, you pay less!

http://www.ingenie.ca/blog/2015/03/ingenie-in-the-news/#.VRBrSmdybmF

General interest as in ingenie are one of the sponsors:

Roadio becomes first social venture from Wayra UnLtd to exit
Last updated: Tue Mar 24 11:59:33 GMT 2015

a2om acquire Roadio, creator of mobile tech to improve the way people learn to drive.

a2om (pronounced “atom”) has acquired Roadio. Financial terms of the deal were undisclosed.

The transaction is a milestone for the UK's social tech scene as Roadio becomes the first Wayra UnLtd start-up to have had an exit. Roadio were part of 2014's Wayra UnLtd cohort.

a2om operates a business model combining social and commercial ventures. The company provides a schools-based driver education programme called Drive iQ through sponsorship from companies like Michelin, Exxon Mobil and ingenie. The commercial portfolio of driver risk assessment, education, data capture and reporting to fleet drivers is delivered through DriverMetrics Ltd, a Cranfield University spin out, serving companies like Shell and Unilever in their global risk management programmes.

Roadio itself is the creator of mobile technology designed to improve the way people learn to drive. They develop innovative apps for learner drivers and driving instructors and have a social mission of using tech to enhance the standard of drivers and the safety of roads, targeting the problem of road crashes being the biggest killer of under 30s in the UK and globally.

http://www.angelnews.co.uk/article.jsf?articleId=18041

Shortlist unveiled for 2015 FirstCar Awards
Tuesday 24th March 2015

23 organisations are in contention to pick up an award at the inaugural FirstCar Young Driver Road Safety Awards, sponsored by ingenie, which will be presented in London next month.

FirstCar launched this new awards scheme to recognise the work of road safety professionals in seeking to reduce casualties among young drivers. The inaugural awards will be presented at the Young Driver Focus 2015 event at the RAC Club in Pall Mall on 15 April.

Richard King @ingenie_Richard
· 2 hrs 2 hours ago
Thanks to @AutoExpress for the great coverage in their current issue



https://twitter.com/ingenie_Richard

General interest along with highlighting one of the ways ingenie involve/target their customers/potential customers:

Is taking your instructor on your driving test a good idea?

4 reasons to take your instructor along on your driving test

1.Moral support

It's scary, OK? If you suffer with nerves before an exam or interview, it might help you to know the person you learned all this stuff with is sitting right behind you, willing you to do well.

But: you might feel more pressure to do well so you don't let them down.

2.Memory triggers

Your instructor isn't allowed to talk or signal to you during the test but their presence could act as a memory trigger - what did they say EVERY SINGLE TIME you moved off even though you already did it?

I can hear my instructor's voice ringing in my head, asking me if I've checked my bloomin' blind spot.

But: you might be distracted by having someone in the back when you're not used to it.

3.Note taking

You can bet your life that your driving instructor will be making a mental note of every single mistake - not because they're horrible; because they really, really want you to do well.

If you don't pass, your driving instructor will know the exact areas you need some more practice on, so you can target your next few lessons perfectly to help you pass next time.

But: two people watching you instead of just one may increase those performance nerves.

4.After-care

When you finish your driving test, your examiner will give you a de-brief: a run down of how you did. If you didn't pass, they'll probably give you some pointers that you can work on before trying again.

Having your instructor there means that - while you're busy shaking and swearing - someone is actually listening to the advice, and can repeat it to you later.

But: nope, no buts. It's definitely a good idea to have your instructor there for the de-brief.

So, will I take my own advice?

I think so! To be honest, I don't think I'd have the heart to look my driving instructor in the eye and tell him I didn't want him there. Not after everything we've been through together.

'Til pass do us part.

Looks like its a DONE DEAL !!





ASX-listed legal eagle Slater & Gordon is poised to acquire the professional services division of British insurance claims processor Quindell, lending sources told Street Talk.

A deal has been struck at roughly $1.2 billion or seven times earnings before interest, tax, depreciation and amortisation. The purchase will be predominantly funded by an $890 million equity raising, managed by Citigroup and Macquarie Capital.

Sources said an agreement was close to being finalised on Sunday night with the transaction set to be announced as early as Monday morning

Quindell, which is listed on London's Alternative Investment Market, has been in exclusive negotiations with Slater & Gordon since January. As part of the transaction's due diligence, it's understood over 8000 case files were reviewed by a team of 70 lawyers over six weeks.


Analysts said the acquisition, which brings the No.1 and No.3 UK players together, was likely to be more than 30 per cent earnings accretive. It will double Slater & Gordon's UK market share and propel the company into the ASX-100, potentially putting it on the radar of large cap fund managers.

Slater & Gordon shareholders are known to be supportive of the purchase. As part of the deal, the two parties are understood to have agreed to an innovative earn-out agreement around Quindell's troubled noise-induced hearing loss unit.

Since becoming the world's first publicly listed law firm in 2007, Slater & Gordon has grown significantly via acquisitions.

It has grown personal injury claims market share in Australia to 26 per cent from 8 per cent since listing. In the UK, which is five times the size of the Australian market, it has grown to a forecast 5 per cent share this year from nothing in fiscal year 2011.

Sunday, 29 March 2015

Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division - part 15
It sounds like Slater & Gordon's purchase of Quindell's legal services division for £640 million is about to be announced.

The Australian Financial Review is reporting Slater & Gordon is "poised to acquire the professional services division of British claims processor Quindell". Here is a link:

http://www.afr.com/street-talk/slater--gordon-carves-up-in-uk-with-quindell-acquisition-20150329-1ma5qf

Indeed, I have been told by top sources the deal has now been "signed", with Slater & Gordon paying around £640 million in cash for the Quindell unit.

So, keep an eye out for the formal announcements from both companies this evening and tomorrow morning.

Do not sell below £4.90

Tonights offer values Quindell at 490p a share / total value £2.16bn so hold onto your shares:
Prof services £640m +300m from slater and Gordon
Mobile doctors £140m (‘It now makes £14 million of profit before tax,Put it on a reasonable 10-times earnings, that’s £140 million.’ Down the line (assuming Mobile Doctors was sold) ‘we’d use that sort of cash inflow for a mixture of share buybacks and special dividend.)
Telematics £831m (Quartix has 67k boxes and valued at £82.51m, quindell has 675k and is adding at 20k a month at the end of q4 which implies £831m valuation for quindells telematics business alone.) You know the telematics contracts are valuable in the USA as qpp recently bought out the himex minorities therefore they have sight of the potential exponential growth of those USA contacts and ingenie USA launch
Challenger software business £250m
But IMO this might be a merger of prof sev with sgh thereby giving qpp shareholders two shares for each one held - a share in merged legal business and share in remaining tech business. Both of these shares would rerate considerably - prof services under legal co ownership and analyst coverage by analysts that understand legal accruals and deferred cash generation could rerate to 20x as per sgh and then telematics and software could be valued at 25-30x by tech analysts.
Bottom line I would prefer sgh equity listed in London rather than £640+300 cash

Ingenie USA announcements due soon Https://twitter.com/ingenie_richard/status/502870698743046144
USA telematics about to become seriously large opportunity. Quindell supplies 3 of the top 20 personal lines insurers in the US including Liberty Mutual and American Family (pilots with 4 more) and current negotiations for global telematics 3-5 year exclusive contracts represent over 60% of the projected subscriber base already) American Family UBI leader joined Himex following roll-out! = Https://www.linkedin.com/pub/pete-frey/7/4ba/a94 Liberty = http://prezi.com/xffv6tmx44ez/supporting-libertys-road-to-implementation/?utm_source=twitter&utm_medium=landing_share
If sprint/other partner took a stake in Quindell in exchange for jointly developing the USA telematics business towards a Nasdaq listing this share would rocket and the conspiracy theories would be over. I suspect such a deal will be announced very soon. Sprint has been advertising together with HImex in the USA insurance trade press: http://www.insurancejournal.com/services/newswire/2014/10/06/342697.htm

Quindell nears Slater & Gordon deal
March 29, 2015 6:49 pm
Arash Massoudi and Henry Mance — London

Slater & Gordon, the Australia-listed law firm, is close to acquiring the professional services arm of controversial British insurance claims processor Quindell for about £700m, according to people familiar with the situation.

Quindell was expected to return £500m of the proceeds from the sale to shareholders, one of those people said.

The deal marks a recovery for Quindell, which some market participants had suggested was running out of cash late last year when it commissioned PwC to investigate its weaker than expected financial results. Its market capitalisation was £609m on Friday, compared with a peak of more than £2bn a year ago.

Slater & Gordon, one of the world’s first publicly traded law firms, has been expanding aggressively in the UK, mostly handling “no win, no fee” personal injury claims. In its home territory, it has a track record of bringing class actions. The UK accounted for nearly half its A$418m (US$327m) revenues last year and its market capitalisation on Friday was £795m.

The transaction could be unveiled later on Sunday, ahead of the Monday opening of Australian markets, although people familiar with the discussions cautioned that the details were still being finalised.

Under the terms of the deal, the Australian law firm is poised to pay £637m in cash for Quindell’s core road traffic incident unit. It will also include a share of receipts from the settlement of hearing loss cases, which could be worth a further £100m.

Quindell’s professional services division — which mainly handles the legal and other aspects of car insurance claims — accounts for almost 90 per cent of its revenues and profits. Slater & Gordon’s acquisition values the unit at about 7 times its earnings before interest, depreciation, taxation and amortisation.

Quindell’s overall valuation has still fallen since a short selling attack led by Gotham City Research a year ago.

Gotham published a dossier of allegations about its profitability and corporate governance. The Aim-quoted company became a cautionary tale for London’s junior stock market, becoming entangled in various scrapes including a misdescription of a directors’ share sale as a purchase.

Its joint broker Canaccord Genuity and its public relations adviser Redleaf Polhill both resigned last year.

Quindell’s shares have recovered in recent months, after it disclosed in January that it had entered into negotiations with Slater & Gordon over the sale of its legal services division, although they remain sharply lower than a year ago.

The group’s founder Rob Terry is unlikely to benefit greatly from the deal, having reduced his shareholding below the disclosable threshold of 3 per cent following his ousting as chief executive late last year.

Slater & Gordon will finance the purchase with an AS$890m equity raising.

The professional services unit had revenues of £177m in the three months to September 2014.

Quindell’s other division, “digital solutions”, provides black boxes for use by motor insurers.

Quindell and Slater & Gordon did not comment.

Slater & Gordon-Trading halt until 2nd April

PSD Acquisition and Entitlement Offer - Presentation PDF 80 pages 1.6MB

Deals | Sun Mar 29, 2015 6:19pm EDT
Related: Deals

Australia's Slater & Gordon buys Quindell unit

(Reuters) - Australian law firm Slater & Gordon Ltd said on Monday it has agreed to buy a unit of British technology and outsourcing company Quindell Plc for A$1.2 billion ($928.1 million), in a bid to penetrate the highly fragmented UK personal injury market.

Slater & Gordon said it is seeking to raise A$890 million in new equity to fund the acquisition of Quindell's Professional Services Division (PSD).

"The combination of Slater & Gordon and PSD creates the number one personal injury law firm in the UK," Slater & Gordon Managing Director Andrew Grech said. "It further diversifies our sources of legal work, broadening access to claims management companies, insurers and insurance brokers."

Shares in Quindell have slumped since short-seller Gotham City Research questioned the company's revenue model and profit quality last April.

Quindell, which lists Aviva Insurance Plc, British American Tobacco Plc and Royal Mail Plc among its customers, rejected Gotham City's concerns.

Before the Slater & Gordon deal was announced, Quindell said the sale would improve its working capital profile.

The deal is conditional on a majority vote by Quindell shareholders, which is scheduled for April 17. Slater & Gordon said Quindell's board has unanimously recommended shareholders accept the offer and that it has already secured firm commitments representing more than 15 percent of Quindell's issued share capital.


($1 = 1.2930 Australian dollars)


(Reporting by Jane Wardell; Editing by Eric Walsh)

delete

Quindell Professional Services Division UK - Proposed Acquisition

Published on 29 Mar 2015


Today we advised the Australian Securities Exchange of our intention to acquire the Professional Services Division of Quindell, a listed company in the United Kingdom.

Slater and Gordon Group Managing Director Andrew Grech says this is a transformative opportunity for the firm.

Proposed sale of the Professional Services Division

Initial cash consideration and further contingent cash consideration

Substantial return of capital to Shareholders to follow

Following Disposal the Group will focus on insurance related technology businesses

Quindell plc (AIM: QPP.L) announces that it has today entered into a conditional sale and purchase agreement to dispose of the Professional Services Division (“PSD”) to Slater and Gordon Limited (“SGH”) for an initial cash consideration of £637 million and further contingent cash consideration payable in respect of the future settlement of its clients’ noise induced hearing loss (“NIHL”) cases (“Disposal”). In addition, the Company will, as soon as practicable, post a Circular relating to the Disposal and a notice convening a General Meeting of the Company to be held on 17 April 2015 to approve the Disposal.

In view of the size of the PSD relative to the Group, the Disposal will result in a fundamental change in the business of the Company for the purpose of Rule 15 of the AIM Rules and it is therefore conditional upon the approval of Shareholders, amongst other matters.

The Board also announces a clear strategy for the Group should the Disposal complete. Quindell will be focused on its range of technology businesses with strong growth potential, disposing of non-core businesses and returning proceeds to Shareholders.

Highlights

£637 million to be paid in cash at completion;
Deferred cash consideration of 50 per cent share of net fees from the settlement of NIHL cases transferred on completion (as at 29 March 2015, the Company was acting for clients in respect of approximately 53,000 NIHL cases);
Majority of cash proceeds from the Disposal to fund substantial return of capital to Shareholders, expected in the second half of 2015 - precise amount of any distribution to Shareholders has not yet been determined but the Directors expect that, in aggregate, the initial tranche will be up to £500 million (representing in excess of £1 per share); further cash distributions dependent on the deferred cash consideration, business disposals of non-core businesses and underlying performance;
Following the Disposal (if completed), Quindell will comprise a range of insurance related technology businesses with strong growth potential; and
The Board will take appropriate action to deliver shareholder value from non-core assets.



David Currie, Interim Non-executive Chairman, said:

“We are pleased to announce the conditional disposal of the Professional Services Division. This is an important landmark for Quindell, delivering significant value for investors from part of our business. Should the Disposal complete, we are committed to a significant return of capital to our Shareholders and to return future cash proceeds over time as NIHL cases settle. We are confident that this transaction, our clear strategy and the actions we are taking will enable us to move forward with renewed purpose.”

Robert Fielding, Group Chief Executive, said:

“We are pleased that Slater and Gordon has recognised the strength of our business and quality of our people and the team will continue to look after all our customers to the same high standards that we always have both before and after completion of the transaction. I would personally like to thank the team that has worked so hard to deliver such quality services to our customers and this deal for our Shareholders. Should the transaction complete, I will feel proud to leave behind an exciting technology business set for substantial growth and success in the coming years and I will miss the many friends and colleagues I have in the business.”

Richard Rose, Non-executive Chairman Designate, said:

“Looking ahead, the Board of Quindell will work to deliver further value for investors from the technology businesses within the Group following the disposal of the Professional Services Division. The Group will be restructured to prudently incubate, develop and grow insurance related technology businesses based around telematics and software solutions. We will take appropriate action with the non-core businesses. As we reshape the Board and executive structures, we are committed to ensuring Quindell works to the highest standards of corporate governance.”

more from link below:

UPDATE - Quindell sells no-win no-fee operation to Aussie firm for £637mln
By Andrew Neil
March 30 2015, 11:18am

--adds detail, broker comment, updates share price--

Troubled outsourcing firm Quindell (LON:QPP) has concluded the sale of its professional services arm to Australian law firm Slater & Gordon for £637mln.

The move will create the largest personal injury law group in the UK and see Quindell shareholders receive around £500mln of the consideration returned to them.

“This is an important landmark for Quindell, delivering significant value for investors from part of our business,” said David Currie, Quindell’s interim non-executive chairman.

Quindell is effectively selling most of itself, as the professional services division - which mainly handles the legal and other aspects of car insurance claims - accounts for almost 90% of its revenues and profits.

But the AIM-listed firm has had a torrid year since a short selling attack by Gotham City Research and controversy over directors’ share dealings.

Its joint broker Canaccord Genuity and its public relations firm Redleaf Polhill both resigned last year. Its market capitalisation was £609mln on Friday, compared with a peak of more than £2bn a year ago.

Richard Rose, who has been acting as a consultant, will take over as chairman if the sales goes through.

Today, he said the group will be restructured to “prudently incubate, develop and grow insurance” related technology businesses based around telematics and software solutions.

In particular, it will become focused on gathering telematics data through black boxes in cars and using that data to sell car insurance through its Ingenie brand.

Currie, brought in as interim chairman in January, will become the company’s sole non-executive director and said the deal would bring “real certainty after a period of considerable turmoil”.

Commenting on the sale, Augustin Eden at Accendo Markets, said: "Quindell is due to become an insurance technology business, ditching all arms that don’t fit that description.

"Although Quindell's share price is still down following last year’s short selling attack led by Gotham City Research, investors who got in in December will already be 378% better off.

"The potential for further gains to come amid confidence that a clear strategy and renewed purpose will take the newly streamlined company forward in 2015."

For ASX-listed Slater & Gordon, it marks a further expansion in the “no win, no fee” personal injury claims space in the UK.

“The acquisition is a transformational opportunity, and will allow Slater & Gordon to further penetrate the highly fragmented £2.5bn UK personal injury market,” said Andrew Grech, Slater & Gordon’s managing director.

Quindell shares added 12p, or 9%, to 154p.

30 March 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")

Posting of Circular and Notice of EGM


Quindell plc (AIM: QPP.L) announces that it has today posted to shareholders a Circular and Notice of General Meeting together with a form of proxy, relating to the disposal of its Professional Services Division ("Disposal"). Electronic Copies of the Circular and Notice of General Meeting are available to view on the Company's website at www.quindell.com. The General Meeting of the Company to approve the Disposal will be held at 10.00 a.m. on 17 April 2015 at Botleigh Grange Hotel, Grange Road, Hedge End, Southampton SO30 2FL.

http://www.moneyam.com/action/news/showArticle?id=5005891

Richard King
‏@ingenie_Richard Record day for @ingenie yesterday, beating our personal best for sales in one day

https://twitter.com/ingenie_Richard/status/582906310045351936

NOTICE

01/04/2015 9:40am

TEMPORARY SUSPENSION OF TRADING ON AIM

QUINDELL PLC



At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 01/04/2015 9:40am, pending an announcement and publication of an document.


ORDINARY SHARES OF 15P EACH, FULLY PAID (BMTS9H8) (GB00BMTS9H89)



If you have any queries relating to the above, please contact the company's nominated adviser on 020 7397 8900.

http://www.moneyam.com/action/news/showArticle?id=5008021

banjo why post the same info on another thread ,why not use the QPP thread ????

It would take up to much space , between posters chatting

Morning jimmy,

Trying to keep this QPP thread for 'Information & News' rather than speculative posts and waffle.

I will try an keep the header up to date which was another reason for starting this thread.

I'll no doubt have to start another if there is a name change so please don't be concerned.

Updated 16:00

15:45 AIM Restoration - Quindell Plc

15:15 Quindell PLC (QPP) Shareholder Circular Correction

10:52 Stock Exch Notice N05/15 - Cancellation of trades

10:08 Stock Exch Notice Decision with Regard to Trade Cancellation

09:40 AIM Suspension - Quindell Plc

1 April 2015

Quindell Plc
("Quindell" or the "Company" or the "Group")

Shareholder Circular Correction

On 30 March 2015, the Board of Quindell wrote to Shareholders advising them that the Company had entered into a conditional sale and purchase agreement to dispose of the Professional Services Division ("PSD") to Slater and Gordon Limited ("SGH") for an initial cash consideration of £637 million and further contingent cash consideration payable in respect of the future settlement of its clients' noise induced hearing loss ("NIHL") cases ("Disposal"). Words and expressions where defined in that Circular shall, unless the context provides otherwise, have the same meaning in this announcement.

It is noted on page 6 of the Circular that the profits attributable to the Professional Services Division were stated as follows:

"During the financial year ended 31 December 2013, the profits before tax generated by the Professional Services Division contributed in aggregate £82,500,0001 to the Group. During the six months ended 30 June 2014, the profits before tax generated by the Professional Services Division contributed in aggregate £113,400,0002."


The Board has noted that there was a failure to fully transcribe profits related to entities forming part of the Disposal as disclosed in the Circular (predominantly in respect of iSaaS Technology Limited and Intelligent Claims Management Limited, entities previously included within the Company's "Digital Solutions" division in historic financial information). As a result, the corrected total profits attributable to the Professional Services Division are as follows:

"During the financial year ended 31 December 2013, the profits before tax generated by the Professional Services Division contributed in aggregate £96,000,0001 to the Group. During the six months ended 30 June 2014, the profits before tax generated by the Professional Services Division contributed in aggregate £130,700,000 2."


The Company also confirms that during the financial year ended 31 December 2013, the adjusted profits before tax generated by the retained businesses (all save for those detailed as within the Professional Services Division) contributed in aggregate £6,800,000 to the Group (excluding the net gain on re-measurement of investments on becoming associates and associates on acquisition of control in the 12 months ended 31 December 2013 of £4,200,000 as announced in Note 9 of the 2013 Annual Report). Subject to audit, during the six months ended 30 June 2014, the adjusted profits before tax generated by the retained businesses contributed in aggregate £8,500,000 to the Group (excluding the provisional estimate of the gain on re-measurement of acquisitions/investments in relation to the Himex group in the six months ended 30 June 2014 of £14,500,000 as announced in Note 5 of the Interim Statement of 21 August 2014).


The Board also confirms the following:

http://www.moneyam.com/action/news/showArticle?id=5008696

Wed, 1st Apr 2015 14:41
** 3 of the 4 hedge funds holding significant short positions (>0.5%) on Quindell cut their shorts on the stock to less than 0.3% after co agreed to sell its Professional Services Division (PSD)on March 30


** FCA data as of the close on Mar 30 shows Ennismore Fund Management's net short on Quindell at 0.04% vs 1.73% at its previous filing, Coatue Management at 0.2% pct vs 0.76%, TT International at 0.28% vs 0.58%

** Roble SL, with a 2.72% net short, is the only entity still above the 0.5 pct threshold which requires regulatory disclosure.

** Quindell's shares rose as much as 30 pct to 180 pence on Mar 30, when the deal with Australian law firm Slater & Gordon Ltd was announced. They are currently suspended from trading at 140 pence, pending an announcement

** The Telegraph writes the suspension is due to an error found in the deal announcement (http://bit.ly/1C7u1NC) (RM: francesco.canepa.thomsonreuters.com@reuters.net)

01/04/2015 3:45pm

RESTORATION OF TRADING ON AIM

QUINDELL PLC

The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 01/04/2015 3:45pm, an announcement having been made.

ORDINARY SHARES OF 15P EACH, FULLY PAID (BMTS9H8) (GB00BMTS9H89)

If you have any queries relating to the above, please contact the company's nominated adviser on 020 7397 8900.

http://www.moneyam.com/action/news/showArticle?id=5008748

Quindell embarrassed over profit misstatement
38 minutes ago

Well that's embarrassing.

There is a rarely a dull moment with Quindell, the controversial insurance claims company, which has agreed to sell its professional services arm to Slater & Gordon.

The company has been forced into an embarrassing admission that it understated the profits contributed by the division it is offloading in a circular posted to shareholders explaining the the sale to the Australia-listed law firm.

Originally, Quindell said the professional services unit contributed in aggregate pre-tax profits of £82.5m to the group during the year to December 31 2013, while during the six months to June 30 2014, the company said the division generated £113.4m in profit before tax.

The company has now changed these figures to £96m and £130.7m respectively.

In a statement to the London Stock Exchange, Quindell explains:


The Board has noted that there was a failure to fully transcribe profits related to entities forming part of the Disposal as disclosed in the Circular (predominantly in respect of iSaaS Technology Limited and Intelligent Claims Management Limited, entities previously included within the Company's "Digital Solutions" division in historic financial information).

The admission comes on an interesting day for Quindell. The London Stock Exchange announced earlier today that it was cancelling trades in shares of the company that took place in a two-minute time frame between 9.40am and 9.42am.

Slater and Gordon share offer raises £310m
2 April 2015By John Hyde

Listed Australian firm Slater and Gordon says it has raised the money needed to buy Quindell’s professional services division (PSD) within three days.

The firm announced to the Australian stock market earlier today that it has raised around £310m through the issue of 95.5m new shares.

The entitlement offer was made on Monday and completed yesterday, with around 8% of eligible existing shareholders opting to participate in the share offer.

The money raised will be two-thirds of the new cash needed to complete the Quindell deal, with the rest coming from a banking facility.

Slater and Gordon managing director Andrew Grech (pictured) said: ‘We are very pleased with the terrific level of demand from both our existing shareholder and new investors.

‘Feedback from the investment community in the past week has been very positive. There is a high level of support for the strategic rationale underlying the PSD acquisition and our ability to successfully optimise the business.’

The new shares were issued at a A$6.37 per share (around 325p) and by close of trading today were valued at A$7.85 per share.

Meanwhile, the firm has said it has no concerns about Quindell temporarily suspending trading to correct a mistake in its announcement about the sale on Monday.

A separate announcement said: ‘Slater and Gordon confirms that this does not change any disclosure made by Slater and Gordon in respect of the Quindell PSD acquisition, as all financial information contained in Slater and Gordon’s disclosure materials was based on Slater and Gordon’s own assessment of that information.’

Telematics insurance: we’re not all the same

There was a bit of press about some other telematics insurers over the weekend. It really highlighted the differences between black box insurers, so I wanted to address a few of them here and explain how ingenie is different.

One thing we've always felt is very important is how we communicate with drivers in our community. Before launching, we did lots of focus groups with young drivers and parents, which led us to the approach we have now.

We believe we've found the sweet spot where we’re using telematics data to help our customers, without overstepping the ‘Big Brother’ line.

We don't: text parents

Our customers are adults and they have a right to decide with their family whose contact details are linked to the policy and who sees their driving feedback. We don't make that choice for them and start texting their parents - that's not our call.

Some telematics insurers take this decision upon themselves, but we think that’s going way too far with ‘it’s for your own good’. It’s our job to help young drivers see the benefits of driving well, not force them to do things they resent. And texting someone’s mum to snitch on them definitely falls into resentment territory.

In actual fact, we don't even text at all - we send simple driving feedback through our mobile app and website.

We don't: report on location

Sending parents the exact time and place their child is driving - "James has just stopped a bit too sharply at the traffic lights by Sainsbury's" - is not on. Young drivers need to have the freedom and encouragement to choose to drive well, without being ganged up on.

Although our black boxes contain a GPS device so we can help locate our drivers' cars if they're stolen, our app doesn't give feedback with locations.

We don't: send 'live' updates

Reporting on every single mistake would quickly become white noise, but this is the system that the recent press has focused on: an almost live feed of the driver's mistakes.

Instead, we look for driving trends over a period of 10 days - an approach we developed with experts in young driver psychology - which means we're building up a picture of a person's overall driving style.

We DO: encourage parents to stay involved

We love parents, parents are great. We've seen in our community that drivers who choose to share their feedback with their parents are 28% less likely to crash than those who don't - but it’s the choice that’s important.

Staying involved throughout the learning process and beyond goes a long way towards helping young drivers develop the right attitude to driving. It's not just about paying for driving lessons, paying for a car, paying for the insurance.

That support is amazing, but showing an interest in their driving even after the test can really help sustain the good habits they learned with their driving instructor.

Not all telematics policies are the same

There are so many insurers jumping on the telematics bandwagon now that choosing telematics - while a great step - isn't quite the whole story. Every black box insurer has a different method, so the cheapest quote isn't always going to be the best option.

I've often likened it to choosing a school for your children: you don't go for what's most convenient. You choose the community that's going to nurture your child's individual needs, and help them be happy and prepared for everything life throws at them.

More from link below:

Major Shareholders

The Company has been notified of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 8th April 2015:

Name-----------------------------------Total Interest--------------% Holding
M&G Investments (Prudential)---------29,166,666 -----------------6.61%

Sub Total--------------------------------29,166,666-----------------6.61%

http://www.quindell.com/Major-Shareholders/major-shareholders


Link to Major Shareholders from November 2014 to present:

http://www.moneyam.com/InvestorsRoom/posts.php?page=1&tid=18581

14 April 2015

Quindell Plc

Board Appointment


On 30 March 2015, Quindell Plc (AIM: QPP.L) announced the proposed sale of its Professional Services Division to Slater and Gordon Limited ("Slater and Gordon") and certain Board changes that would follow completion of that disposal ("Completion"). Completion is conditional on, inter alia, approval from the Company's shareholders, the Solicitors Regulation Authority and the Financial Conduct Authority.

The Company now announces that Mark Williams will become Group Finance Director and will join the Board with effect from Completion. Mr Williams has been working as an integral member of the consultancy team appointed to assist the Board in January 2015.

As part of these changes, the Company confirms that Laurence Moorse, the outgoing Group Finance Director, will step down from the Board at Completion but will remain available to the Board and the finance team to provide an orderly handover.

In addition, the Company has commenced an external and internal search process for the Group Chief Executive Officer role, which will be vacant on Completion because, as previously announced, Robert Fielding will transfer to Slater and Gordon.

Commenting on the forthcoming appointment, Richard Rose, Non-executive Chairman Designate, said: "Mark has been working with the Group for a number of months and has been assisting the Board on a number of work streams. This experience will help him hit the ground running and we are delighted to welcome Mark to this new phase in the Company's history."

Information required under paragraph (g) of Schedule 2 of the AIM Rules will be made at the time of the formal appointment of Mr Williams.



Background information

Mark Williams, aged 50, is a Fellow of the Institute of Chartered Accountants and has nearly 30 years of finance experience. Mark has had a varied career to date, having qualified with what is now Deloitte. His experience ranges from a technology driven entrepreneurial start up through to divisions of major international FTSE businesses and through several business cycles. He has operated at board level for the past 15 years, including roles at AXA, Cofunds, Guardian Royal Exchange, Legal & General, Old Mutual and Skandia.

http://www.moneyam.com/action/news/showArticle?id=5015094

A reminder of the 'Young Driver Focus 2015' event which is on today:

Young Driver Focus 2015

ingenie has been unveiled as the main sponsor of Young Driver Focus 2015, and Richard King, ingenie CEO, will deliver a keynote presentation at the event.

Young Driver Focus*, jointly organised by Road Safety GB & FirstCar, will be held at the RAC Club in central London on 15 April, courtesy of the RAC Foundation. With a capacity of 150 delegates the conference was fully subscribed more than a month prior to it taking place.

In a little over three years since formation, ingenie has disrupted the market and established itself as one of the leading insurance brands for young drivers.

ingenie is all about helping young people become better, safer drivers. By fitting a black box in the car, ingenie builds a picture of its customers’ unique driving styles so they can be treated as individuals and earn discounts for good driving.

ingenie provides regular driving feedback – including speed, acceleration, braking and cornering – both online and through the ingenie app. Customers can keep an eye on how they are driving and how much they are on track to save. Put simply, the concept is 'drive well, pay less'.

Since founding ingenie, Richard King has become passionate about road safety and is a regular TV and social media contributor on the issue.

Richard will use his presentation to give an overview of the positive impact of telematics within ingenie’s community of young drivers, evidence of which was revealed in its recent Young Driver Report. He will also discuss what it will take for the growth of telematics to continue, and what the future holds in terms of Government support.

From the above event:

https://twitter.com/hashtag/YDF2015?src=hash

Rob Terry weighs in on Quindell deal
Quob Park Estate, a vehicle set up by the ousted Quindell chairman, said it was a shareholder in the insurance outsourcer


By Ben Martin, and Christopher Williams
8:06PM BST 16 Apr 2015


Rob Terry, the founder of Quindell who was ousted from its board last year, has weighed in on the £637m deal the insurance outsourcer has struck with Australian law firm Slater & Gordon.


Shareholders are due to vote on the disposal of Quindell’s legal business on Friday. The sale will see £500m returned to beleaguered investors in the Aim-listed company.


In the latest twist in developments at Quindell, Quob Park Estate, a little-known investment vehicle that describes Mr Terry as its founder and chief executive, has claimed that it is a “core shareholder of Quindell”. It added that while it believes the Slater & Gordon deal is “undervalued”, it intended to back the disposal at Friday’s shareholder meeting.


Documents filed with Companies House show that Mr Terry is a director of Quob.


In a blog post published on Quob’s website earlier this week, the firm claimed that Quindell’s shares should be worth more than 200p, much higher than tonight’s closing price of 131½p.


Mr Terry had been Quindell chairman until last November, when he was forced from the board following a share dealing controversy. He sold-down his Quindell stake just weeks later to less than 3pc, which meant he could offload the rest without informing the market.

Quindell has not issued any stock exchange filings indicating that Quob is an investor in the company.

However, Daniel Stewart, the stockbroker in which Mr Terry recently bought shares, on Thursday revealed that he had raised his stake to 8.994pc through Quob. The broker added that Mr Terry was seeking permission from the Financial Conduct Authority to lift his shareholding above 10pc.

Quob, which said it plans to open itself up to retail investors, did not return requests for comment, and a spokesman for Quindell declined to comment.

17 April 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")



Result of General Meeting

and

Disposal Update


On 30 March 2015, the Company announced that it had entered into a conditional sale and purchase agreement to dispose of its Professional Services Division to Slater and Gordon Limited ("Disposal") subject to certain conditions including, inter alia, the approval of the Company's Shareholders of the Disposal at the General Meeting. Words and expressions defined in the Circular to Shareholders dated 30 March 2015 shall, unless the context provides otherwise, have the same meaning in this announcement.



The Board is pleased to announce that at the General Meeting held earlier today, the Resolution to approve the Disposal was duly passed.



Following the passing of the Resolution, the Disposal remains conditional, inter alia, upon:



(a) the approval of the Solicitors Regulation Authority; and

(b) the approval of the Financial Conduct Authority.

Further announcements will be made by the Company in due course.

http://www.moneyam.com/action/news/showArticle?id=5018256

Richard King stands down from ingenie – Chris McKee becomes CEO


ingenie today announces the departure of its CEO and co-founder, Richard King.

Having played an integral part in launching ingenie and turning the brand into one of the leading insurers for young drivers, Richard will step aside in June after an orderly process of transition. Chris McKee, the company’s COO and co-founder, will become CEO.

Richard leaves on the best of terms and by mutual agreement of both the ingenie board and its parent company Quindell.

Having dedicated himself wholly to ingenie for the past five years, leading the company from start-up through to its eventual acquisition and international expansion, Richard intends to take a break to spend time with his family.

Since its inception in 2009, multi award-winning ingenie has become one of the most popular choices for under 25 car insurance.

From the outset, Richard has been a leading light; pioneering black box technology in a sceptical industry, communicating and marketing to a younger audience via social media, and creating innovative ideas to improve both road safety and loss ratios, such as ingenie’s Driver Behaviour Unit.

Commenting on his departure, ingenie Chairman Steve Broughton said:

“As co-founder and CEO, Richard’s contribution in driving ingenie from an idea to what it is today cannot be over stated. However, we respect his decision to move on and take some time out. He leaves behind a flourishing business and strong leadership team who will ensure ingenie’s continued success and growth, with our roll out in North America already well underway.

I’m delighted that Chris McKee will take over the reins as he, like Richard, has been with the company from start-up. Chris has over 20 years’ experience of launching and running innovative UK and international insurance businesses and is ideally placed to ensure a smooth transition.”

Outgoing CEO Richard King said:

“It’s been an incredible five years launching and developing ingenie and I’m immensely proud of what we’ve achieved. Having built a successful and profitable business; completed the acquisition process with Quindell; and launched the brand in North America, my contribution to the company has now reached its natural end - so the time is right to go.

“I am confident that a rejuvenated Quindell will provide ingenie with a great parent platform from which the business will continue to expand and flourish. I know the ingenie team are more than capable of ensuring the company goes from strength to strength.

“On a personal note, I have recently got married and have a new baby on the way, so I’m looking forward to taking some time out with my family and continuing my charitable work in the field of road safety for young drivers.”

Incoming CEO Chris McKee said:

“Having been with the company since its inception and as a co-founder of the business, I’m delighted to take over as ingenie CEO. My priority is to drive and continue our growth working closely with Quindell. I wish Richard the very best for the future and have every confidence that the ingenie team I will now lead can continue the company’s success.”

ENDS

Ingenie retains Paradigm
April 20, 2015

UK-based auto insurance company Ingenie has hired Paradigm Public Relations of Toronto as its communications agency in Canada. The agency will develop campaigns intended to establish a presence for Ingenie in the Ontario market, followed by additional communications as the brand becomes available in other provinces. The campaigns will make use of traditional and social media and will focus on the company's commitment to driver safety.

"Ingenie is not your typical auto insurance brand," said Lorie Phair, CEO of Ingenie Canada. "It's an innovative digital brand for young people. In addition to Paradigm PR's extensive experience in both tech and insurance, we were impressed with the team's track record of campaigns that connect and engage with young Canadians. We feel they are an ideal partner to help build our brand in Canada."

Page 10 & 36 from this months edition of Canadian Underwriter:

30 April 2015

Quindell Plc
("Quindell" or the "Company" or the "Group")

Disposal Update


On 30 March 2015, the Company announced that it had entered into a conditional sale and purchase agreement to dispose of its Professional Services Division to Slater and Gordon Limited ("Disposal") subject to certain conditions.


The Board is pleased to announce that the approval of the Solicitors Regulation Authority was received today and the Disposal remains conditional upon the approval of the Financial Conduct Authority.


Further announcements will be made by the Company in due course.

http://www.moneyam.com/action/news/showArticle?id=5027428

ingenie shortlisted for THREE awards at the Insurance Marketing and PR Awards

I'm extremely proud to announce that ingenie has been shortlisted for not one, not two but THREE awards at the Insurance Marketing and PR Awards.

The awards are brand new this year, launched by Post magazine and Insurance Age to celebrate fresh thinking in the creative side of insurance.

Research Campaign of the Year

Our Young Driver Report, which we published last year, analyses the hundreds of millions of miles of driving data we had collected over our first years of providing telematics insurance.

We presented our findings to the government and have since agreed to support new DfT research into its benefits for new young drivers.


Social Media Influencer of the Year

Social media has played a huge role in building our brand and helping us grow a community of young drivers. It's where we talk to our customers - not only sharing fresh and useful content with them but taking customer service to the space they prefer.

Our Young Driver Report showed how important engagement is to our model: the more our customers interact with us and their feedback, the better they drive. That makes our social campaigns and activity a vital part of the ingenie approach.


Young Marketer/PR employee of the Year

We put our Chief Marketing Officer, Luke Eales, forward for this award because, at the age of 28, he's doing a job most people twice his age would find a challenge.

For the last few years, Luke's been in charge of all our marketing activity and road safety campaigns and, supported by a fantastic team (his words not mine - honest), has kept the ingenie brand at the forefront of telematics insurance.

Winners announced 26 June

The first ever Insurance Marketing and PR Awards ceremony will be held at the Grange St Paul's in London.

Fingers crossed!

By Honor Clement-Hayes

SRA backs £637m Quindell-Slater disposal
30 April 2015By John Hyde

The Solicitors Regulation Authority has approved Quindell’s legal business being sold to Australian firm Slater and Gordon, the listed company said today.

Quindell announced in a statement to the London Stock Exchange it was ‘pleased’ to confirm that SRA approval was received today.

The disposal of the professional services division to the listed Australian firm for a total value of £637m was agreed last month, and rubber-stamped by Quindell investors earlier this month.

The disposal still relies on the approval of the Financial Conduct Authority.

The deal involves an ’initial cash consideration’ of £637m and a 50-50 share of profits from future noise-induced hearing loss (NIHL) claims being run by Quindell. Slater and Gordon said it would fund the acquisition by raising A$890m (£462m) in new equity.

The parties say they will share profits from the estimated 53,000 noise-induced hearing loss claims being run by Quindell until June 2017, after which Slater and Gordon will make a final payment based on unresolved cases.

The Quindell share price, which has largely stabilised since the takeover was confirmed, rose this morning by 2p (1.6%) to trade at 127p by midday.

Approval was needed by the SRA as both Quindell and Slater and Gordon are authorised as alternative business structures. Quindell has had its licence since December 2012.

Lorie J. Phair appointed CEO of ingenie Canada
2015-05-07

Ingenie, an auto insurance provider for young drivers aged 16-24, announced on Thursday that it has appointed Lorie Phair as the CEO of ingenie Canada.

“Traditionally, young drivers have been discriminated against and treated as a high risk by the insurance industry,” Phair said in a press release. “Our approach is to help young drivers develop good driving habits, then reward them for how they actually drive, rather than treating them as a statistic.”

Ingenie has been available to young drivers in Ontario since March and plans to expand to other Canadian provinces in the future.

Ingenie said in the release that Phair (pictured below) has previously held leadership and board positions both in the insurance industry and in the not-for-profit sector, including organizations such as the Registered Insurance Brokers of Ontario (RIBO), Insurance Brokers of Toronto Region, Toronto Crime Stoppers, Toronto’s Chief of Police Annual Gala, Ontario Shores Centre for Mental Health Sciences and The Insurance Institute of Canada (IIC), where she served as a member of the Board of Governors and chair of the academic council for six years.



She currently holds an advisory council position with Magnet, a not-for-profit social initiative co-founded by Ryerson University and the Ontario Chamber of Commerce.

The biggest auto risks facing drivers on holiday weekends
by Jill Gregorie | 15 May 2015

Holiday weekends typically see an 18% increase in fatal collisions, according to a recent study analyzing five years of driving data in Alberta.

While many Canadians believe alcohol is behind these auto accidents, research actually indicates that drunk driving crashes are more prevalent on regular weekends than three-day ones. In reality, many factors are at fault for the rise in fatalities, and young drivers are particularly susceptible.

“It’s exciting for young drivers to have the freedom to drive their friends up to the cottage,” said Loir Phair, CEO of ingenie Canada, an auto insurer geared for the age 16-24 demographic. “Taking some precautions and giving their full attention to the road ensures everyone arrives safely.”

Some of the biggest risks, and ways in which they can be mitigated, include: •Playing DJ. 75% of young drivers become distracted by switching songs in the car. Motorists should create a playlist in advance, eliminating the need to adjust the console or connected mobile device.

•Using mobile phones. Smartphones are a universal diversion, and 60% of young motorists keep theirs either in a cup holder or on the front passenger seat. Since it can be difficult to ignore text messages and other alerts, Phair recommends keeping phones out of sight or in airplane mode.

•Eating at the wheel. 58% of 16 to 24 year-olds admit that eating on the go impairs their driving ability, so pulling over and eating at a service station is encouraged.

•Acting as Magellan. 54% of youthful drivers use phone navigation while driving, but it’s almost always safer to delegate this task to passengers.

•Driving while sleepy. Since almost 20% of fatal collisions in Canada involve fatigue, drivers should always get a good’s night sleep before long trips and take regular breaks for fresh air.

Although two-thirds of young motorists reported that the top deterrent for distracted driving would be involvement in a collision, insurance leaders hope that facilitating a dialogue will contribute to better driving behaviors. Any interested parties can join the conversation with the hashtag #dontdrivedistracted.

19 May 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")


Issue of shares

Quindell Plc (AIM: QPP.L) announces that, further to the announcements on 14 July 2014 and 5 December 2014, it has issued 4,012,694 new ordinary shares, being the remainder of the deferred equity consideration payable to the sellers in respect of the acquisition of iter8 Inc., which was concluded and announced on 18 April 2013. Of these, 2,006,347 new ordinary shares will be subject to lock-in until 17 April 2016.


Application will be made for the 4,012,694 new Ordinary Shares to be admitted to trading on AIM ("Admission"), with Admission expected to occur on 22 May 2015. Following Admission, Quindell will have 444,959,317 Ordinary Shares in issue. The Company has no Ordinary Shares held in treasury. The total of 444,959,317 Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

http://www.moneyam.com/action/news/showArticle?id=5039406

22 May 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")

Disposal Update


On 30 March 2015, the Company announced that it had entered into a conditional sale and purchase agreement to dispose of its Professional Services Division to Slater and Gordon Limited ("Disposal") subject to certain conditions.



The Board is pleased to announce that the approval of the Financial Conduct Authority has been granted and the Disposal is now unconditional. Completion will take place in due course and a further announcement will be made by the Company upon Completion.

http://www.moneyam.com/action/news/showArticle?id=5042292

Full details from link at BOP


29 May 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")


Completion of the disposal of the Professional Services Division

Board Appointments

Completion of the Independent Review and other matters

On 30 March 2015, Quindell (AIM: QPP.L) announced the proposed sale of its Professional Services Division to Slater and Gordon Limited ("Slater and Gordon") for an initial cash consideration of £637 million and further contingent cash consideration and certain Board changes that would follow completion of that disposal ("Completion"). Following approval from shareholders, the Solicitors Regulation Authority and the Financial Conduct Authority, Completion has now occurred.

Board Appointments and Resignations

The Company announces the Non-executive Directors that will today join the Board to be chaired by Richard Rose, Non-executive Chairman. The Right Honourable Lord Howard of Lympne, CH, QC will join the Board as Senior Non-executive Director. In addition, David Young and Tony Illsley will join the Board as Non-executive Directors and will chair the Company's Audit Committee and Remuneration Committee respectively.

**********************************************

In addition, as announced on 14 April 2015, Mark Williams has joined the Board with immediate effect as Group Finance Director. Disclosures under Schedule 2(g) of the AIM Rules for Companies are set out below.

As previously announced, Laurence Moorse, Robert Bright, Robert Burrow and Vice Admiral Robert Cooling will today resign from the Board. David Currie will remain on the Board but will step down today as Non-executive Interim Chairman to become a Non-executive Director.

Robert Fielding, Group Chief Executive, has transferred to Slater and Gordon as part of the sale of the Professional Services Division and, accordingly, has resigned from the Board. The Company has commenced an external and internal search process to identify a suitable candidate for the Group Chief Executive Officer role and is making good progress in that search.

Independent Review

On 8 December 2014, the Company announced that PricewaterhouseCoopers LLP ("PwC") was being engaged to carry out an independent review into, inter alia, certain Group accounting policies and expectations as to cash generation into 2015.

PwC's review is now complete and as previously detailed on 30 March 2015, it has identified that certain of the accounting policies historically adopted by the Company, in respect of recognising revenue and deferring case acquisition costs in a number of the Group's disposed of businesses, were largely acceptable but were at the aggressive end of acceptable practice. PwC also identified that some policies were not appropriate, principally the noise induced hearing loss cases revenue and related balances that became significant during 2014.

Having undertaken its own review and considered the findings of PwC, the Company has concluded that it will adopt a more conservative approach to accounting for revenue and profit in respect of the now disposed of Professional Services Division. The Company will provide a definitive view of the historical results on a more conservative approach and the changes will result in a reduction of revenue and profit. The Company is in discussions with its auditors as to the financial effect on its historical results, and the conclusions of such discussions will be included in the audited results for the year ended 31 December 2014 which are expected to be published prior to the end of June 2015.

Return of capital

As previously announced, the Company proposes to use the majority of the proceeds of the disposal to fund a substantial return of capital to its shareholders. The cash proceeds of the disposal will be kept on deposit and managed prudently until a distribution is effected.

It will be necessary for the Company to undertake a reduction of capital as the most appropriate means of returning the proceeds of the disposal to shareholders. The Company's results for the period ending 30 June 2015 will be subject to audit review in advance of the reduction of capital. Consequently, the Board expects the reduction of capital and initial return of capital (which the Company will endeavour to structure in a tax efficient manner) to be made to shareholders before the end of November 2015.

As detailed in the Circular dated 30 March 2015, the Company has agreed to the placement of £50 million of the initial consideration into an escrow account for a period of up to eighteen months in respect of the customary warranties given to Slater and Gordon in the Sale and Purchase Agreement. In addition, Quindell's third party debt has been settled as at Completion.

The precise amount of any distribution to shareholders has not yet been determined but the Directors expect that, in aggregate, the initial tranche will be at least £1 per share and up to a maximum of £500 million in total. The distribution will be payable to shareholders at that time and the relevant record date will be published in advance of the capital return.

Commenting on the Board appointments, Richard Rose, Non-executive Chairman, said: "This announcement represents a significant milestone in the transformation of Quindell. We are pleased to be able to put in place a Board with the skills necessary to guide Quindell as it begins life as a very different Company."

David Currie, outgoing Interim Non-executive Chairman said: "I'd like to take this opportunity to thank the entire team both within the Professional Services Division and the rest of the Group, ably led by Robert Fielding, for reaching this outcome. This is a watershed moment for the Company and we wish Robert and all our colleagues moving to Slater and Gordon well as they begin their careers with their new employer. At Quindell, we look to the future with great confidence and excitement."

http://www.moneyam.com/action/news/showArticle?id=5046447

Final Quindell short-seller cashes in its bet

Roble's exit means Quindell is no longer the subject of major bets against its share price


By Marion Dakers
7:00PM BST 30 May 2015


The last remaining hedge fund to short shares in Quindell has cashed in its bet against the controversial company after more than a year and millions of pounds in profits.


Roble SL, thought to be an offshoot of the hedge fund group Tiger Global, has reduced its short position to less than 0.5pc of Quindell’s total shares in recent weeks. Aim-listed Quindell, which has been subjected to numerous short-sellers in the past year, is now clear of major bets against its share price.


Quindell finalised the sale of its legal division on Friday and said it now “begins life as a very different company” following a management overhaul. Lord Howard, the former Conservative leader, was among the new appointments to Quindell's board last week.


The firm, which is left with an insurance claims processing business, has seen its shares lose about three-quarters of their value since February 2014, when Roble first revealed its position.


Two months after Roble launched its shorting strategy, Quindell’s shares were pummelled by a scathing report on its business model by Gotham City Research. In the fallout from this attack, which wiped £1bn from Quindell’s market value in a single day, founder Rob Terry quit and the company embarked on a series of asset sales.

and a new website.............(Edit-looks like as of last Friday)


Quindell Plc

Quindell Plc is a provider of innovative and sector leading expertise in Insurance Technology, Usage Based Insurance (UBI), and Connected Car Telematics.

We provide a complete set of advanced end-to-end solutions for Insurers; with industry proven UBI and gamification, claims, policy and analytics software.

Our brands work across the Insurance industry driving enhanced customer engagement with social media expertise and improved business process service management with the reassurance of unrivalled industry knowledge and enterprise technology software.


http://www.quindell.com/

Investors

The directors have been notified, or are aware of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 29th May 2015.

Name-----------------------------------Total Interest--------------% Holding
M&G Investments (Prudential)---------29,166,666 -----------------6.55%%

Sub Total--------------------------------29,166,666------------------6.55%%


Current Total Shares in issue 444,959,317 as at 29th May 2015 with none being held as treasury and <0.01% being held “not in public hands” i.e. held by directors, trustees of employee share schemes / pension funds or any other substantial shareholders (>10%).

http://www.quindell.com/investors/


Link to historic from November 2014 to present:

http://www.moneyam.com/InvestorsRoom/posts.php?page=1&tid=18581

ERS completes £20m IT transformation
11 June 2015

Lloyd's motor insurer ERS has completed the £20m transformation of its IT system ... The insurer is now using the ICE software, built by Quindell, to operate its systems

*****This is from a blogger but maybe of interest*****

Friday, 12 June 2015

A Quindell update...


It's been a while since I have written anything on Quindell so I thought I would put together a piece for loyal Betaville readers and followers of the company.

Top sources tell me that Quindell - which recently completed the sale of its professional services division to Slater & Gordon for £640 million - has now received a takeover offer of between £20 million and £30 million for PT Health, a Canadian healthcare and rehabilitation services company.

Quindell has also had offers totalling around £30 million for other parts of the business, according to my well-placed sources.

Now to be clear, a spokesperson for Quindell declined to comment on the above although "people close to the company" claimed the information isn't correct.

Still, I'm inclined to go with my sources on this one as they have been absolutely on the money on this story since I first revealed Slater & Gordon's interest in purchasing Quindell's legal services division earlier this year.

Once Quindell completes the disposals of these non-core divisions, it will be left with Himex, a black box monitoring system for cars, and the Ingenie insurance brokerage, which uses telematics to broker car insurance policies.

The board is also planning to begin the process of handing back around £500 million to shareholders via a share reconstruction after Quindell restates its accounts.

Quindell's auditors are due to hand back its accounts on June 23rd, according to my sources, so the market should see the company restate its accounts later this summer.

Although the restatement of the historic accounts is likely to involve some big numbers, I have been told most of it is connected to the disposed professional/legal services division. Quindell may even get a tax credit to offset future tax on profits following the restatement of accounts, according to my sources.

Meanwhile, the return of cash to shareholders is expected to begin in Autumn 2015, possibly via a share buyback.

Posted by Ben Harrington at 09:10

http://betaville123.blogspot.co.uk/

From a recent event:

Presented at ORBiT Real Time Day 2015 (Includes slide show)

Panel discussion by:
• Moderator: Christine Haeberlin, IBM
• Brian Bartosh, President, Top O' Michigan Insurance
• Debbie Olsen, ingenie
• Ed Meiering, Aviva Canada
• John Belyea, Moore McLean

To stay relevant, we need a strategy for how to engage with each other and with our customers today and into the future, because the world is a-changing. What does it all mean? What is the right strategy; how do we start down the right path: if we’re already on the path, what is next? Are the metrics for measuring success the same or different than today? The train is leaving the station: will you be on it?

Slide show with transcript

ORBiT Real Time Day 2015-Canada 26th May 2015)

Just a reminder that the audited results for the year ended 31 December 2014 are expected to be published prior to the end of June 2015.

http://www.quindell.com/press-releases/rns/completion-of-the-disposal-of-the-professional-services-division/

NOTICE

24/06/2015 7:55am

TEMPORARY SUSPENSION OF TRADING ON AIM


QUINDELL PLC

At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 24/06/2015 7:55am, pending an announcement

ORDINARY SHARES OF 15P EACH, FULLY PAID (BMTS9H8) (GB00BMTS9H89)

If you have any queries relating to the above, please contact the company's nominated adviser on 020 7397 8900.

http://www.moneyam.com/action/news/showArticle?id=5062581

24 June 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")

Statement re. temporary suspension and update


Further to the announcement on 29 May 2015 in respect of the completion of the disposal of the Group's Professional Services Division ("PSD") and confirmation that PricewaterhouseCoopers LLP's ("PwC") review of, inter alia, certain Group accounting policies was complete, the Company has been progressing its own review and the audit of the Group's 2014 financial statements. The Company also confirmed that it had identified that certain of the accounting policies historically adopted by the Company, in respect of recognising revenue and deferring case acquisition costs in a number of the Group's disposed of businesses, were largely acceptable but were at the aggressive end of acceptable practice. PwC also identified that certain policies were not appropriate, principally those relating to the noise induced hearing loss cases revenue and related balances that became significant during 2014.

As the PSD will be treated as a "discontinued operation" in the 2014 financial statements (and subsequent periods), the changes to the Group's accounting policies are largely of historical interest only. Nevertheless, the changes will be to adopt a more conservative and appropriate approach to the recognition of revenues and profits in the PSD. The impact of these changes will materially impact previously reported results for the year ended 31 December 2013 and the six months ended 30 June 2014.

The Board has also commenced a review, along with its auditors, of a number of the Company's historic transactions and acquisitions. This work is on-going but the Company expects that it will shortly be in a position to announce additional information in relation to these transactions and acquisitions with a view to ensuring that more complete information is available in respect of the historical position; to ensure that any related party transactions are fully disclosed; and make associated corrections. These matters are largely non-cash items and the Board will make clear the outcome of this work and will provide further information in the Company's report and accounts for FY 2014.

Pending finalisation of the audit of the Group's 2014 financial statements and quantification of the adjustments to be made and the subsequent publication of the 2014 audited financial statements, the Company has requested the temporary suspension of trading in its shares from AIM and expects trading to resume as soon as practicable and no later than publication of the Group's 2014 financial statements.

Separately, the Company also announces that on 23 June 2015, the Financial Conduct Authority informed the Company that it has commenced an investigation under the Financial Services and Markets Act 2000 in relation to public statements made regarding the financial accounts of the Company during 2013 and 2014. The Company will co-operate fully with the investigation.

http://www.moneyam.com/action/news/showArticle?id=5062584

29 June 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")

Statement re. temporary suspension and update


On 24 June 2015, Quindell Plc (AIM: QPP.L) announced that it had requested for its shares to be temporarily suspended. The Company announces today that whilst the work in preparing its audited report and accounts for the year ended 31 December 2014 ("Accounts") is in its final stages, due to the complexity of this process, they will now not be published by 30 June 2015.

The Company is working through the outstanding points and will publish the Accounts as soon as possible. The Accounts will be posted to shareholders along with details of the Annual General Meeting, the timing of which is dependent on the publication of the Accounts. Further statements will be made in due course.

The Company's shares will continue to be suspended until the publication of the Accounts.

http://www.moneyam.com/action/news/showArticle?id=5065101

Warm weather produces hot heads for young Ontario drivers: ingenie report
2015-07-07

Not surprisingly, summer’s hot weather and construction delays contribute to young drivers getting hot under the collar, producing both frustration and bad behaviour directed at others, notes ingenie’s new Road Rage Report.

Issued Monday by ingenie, the report – based on an online survey conducted in for ingenie by Student Life Network and involving 604 interviews collected from Ontario students who are licensed drivers – notes that summer is the most infuriating driving season. The survey sought to identify what gives young drivers road rage and how they deal with it.

In all, 58% of surveyed young drivers report that they are frustrated by construction-related delays in the summer while only 18% are bothered by bad weather in the winter, notes a statement from ingenie, a telematics-based auto insurance provider for Ontario drivers aged 16 to 24.


Lorie Phair, CEO of ingenie Canada, advises that young drivers need to “keep a cool head, and don’t let outside influences take over. Instead, concentrate on what you can control, which is your own driving.”

Says Phair, “Cranky drivers can lead to conflict on the road. But, as a driver, your top priority needs to be safety.”

Respondents acknowledged that this was not always the case, with 37% of young drivers rating their level of road rage to be medium to high. Those taking in the survey admit that they have taken frustration out on other drivers with behaviour, including the following:

• beeping at other drivers (51%);

• flashing their lights at other drivers (29%);

• making offensive hand gestures at other drivers (14%); and

• on the more extreme end, 5% admit they have used their car to intimidate other drivers.

Respondents report also seeing plenty of annoying behaviour – behaviour that could potentially be dangerous – as well:

• being rude on the road (81%);

• using their phones (77%);

• tailgating (74%);

• failing to signal (73%); and

• braking suddenly (70%).

Whatever young drivers are seeing, however, Phair emphasizes the need to keep a cool head and remain focused.

“As a driver, you are responsible for controlling your own vehicle. It's an important duty that requires your complete attention,” she says. “While you may become annoyed by other drivers’ bad habits, it’s not your responsibility to reprimand them. Don’t get emotional, just focus on the task at hand – arriving at your destination safely.”

Drivers can do things to avoid frustration and potential conflicts on the road. Included on the list are planning the route in advance, being considerate to other drivers, getting a good night’s sleep and not driving while in a bad mood.

5 August 2015

Quindell Plc

Results and publication of Report and Accounts for the year ended 31 December 2014

Current trading and outlook and information on business units

Corrections and clarifications to previous disclosures


The Company announces

· in Part 1: the Group's results for the year ended 31 December 2014. A full version of the Report and Accounts for the year ended 31 December 2014 is available at http://www.quindell.com/investors/results-presentations/;

· in Part 2: information on current trading, outlook and information on the ongoing business units; and

· in Part 3: Corrections, additional information and clarifications to historic regulatory and other announcements.


Shareholders should consider all of the information set out in this announcement prior to making any investment decision in relation to the Company and should note that only the Financial Statement section set out in Part 1 has been audited by the Company's auditor.

The Company has requested that its shares be restored to trading and expects the suspension to be lifted at 7.30am on 6 August 2015 and for trading to resume at 8.00am on that day.

Please Click Below to download the full Annual Report as a PDF

http://www.rns-pdf.londonstockexchange.com/rns/1746V_-2015-8-5.pdf


Click below for today's announcements in full:

2014 Results Announcement - Part 1

2014 Results Announcement - Part 2

Review Panel Finding

Statement from AIM Regulation on Quindell PLC

5 August 2015

Quindell Plc

Regulatory update

Quindell Plc (AIM: QPP.L) announces that this afternoon, the Serious Fraud Office informed the Company that it had opened an investigation, which the Company understands relates to past business and accounting practices at the Company. The Company will continue to cooperate with all relevant regulatory and law enforcement authorities.

In addition, the Company notes the announcement made by the Financial Reporting Council earlier today and welcomes its statement that, in light of the positive actions taken by the Directors in correcting the identified errors, amending accounting policies and providing their undertakings, the Committee is closing its review of the 2011 and 2012 report and accounts.

http://www.moneyam.com/action/news/showArticle?id=5089854

NOTICE
06/08/2015 7:30am

RESTORATION OF TRADING ON AIM

QUINDELL PLC

The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 06/08/2015 7:30am, the company's annual audited accounts having been published.


ORDINARY SHARES OF 15P EACH, FULLY PAID (BMTS9H8) (GB00BMTS9H89)

If you have any queries relating to the above, please contact the company's nominated adviser on 020 7397 8900.

http://www.moneyam.com/action/news/showArticle?id=5090224

Quindell slides as SFO starts probe
Jonathan Jones
10:32 06 Aug 2015



Shares in Quindell (LON:QPP) slumped as trading resumed today after it announced that the Serious Fraud Office (SFO) has opened an investigation in the company.

The insurance claims outsourcer said it believed the probe related to past business and accounting practices at the company.

The news comes as accountancy watchdog the Financial Reporting Council (FRC) closed its review of Quindell’s 2011 and 2012 report and accounts in light of the “positive actions taken by the directors in correcting the identified errors, amending accounting policies and providing their undertakings,” the company said.

The FRC is still investigating its accounts for 2013 and 2014.

Shares resumed trading for the first time in over a month today having been suspended since June and fell 29% to 87.7p.

Yesterday, the troubled firm reported losses of £238mln for 2014 (£8.6mln in 2013) as administrative expenses soared to £278mln including an impairment charge of £157mln.

Richard Rose, chairman, said: “Investor trust in the company and its board was eroded and it became clear that decisive action was necessary to bring stability back to Quindell and rebuild the confidence of employees, investors, regulators, customers and suppliers alike.

“A great deal has been done in a short space of time to turn the tide, and I am confident in the company's long-term future and the potential of our businesses.”

17 August 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")

Board appointment/Change of Nominated Adviser

Appointment of experienced technology executive as new Group Chief Executive Officer

Appointment of Nominated Adviser and Broker

The Board of Quindell (AIM: QPP.L) is delighted to announce the appointment of its new Group Chief Executive, Indro Mukerjee, who will join the Board on 7 September 2015. Indro brings strong experience from Board level leadership positions in multinational, start-up and private equity backed technology and industrial companies.

Commenting on this appointment, Richard Rose, Non-executive Chairman said:

"We are delighted to have recruited Indro, who was the outstanding candidate for the role in terms of his experience, his personality and his leadership skills. He has a proven track record of creating value through developing and implementing strategies based on matching compelling value propositions to growing markets. His experience includes roles in complex environments, often involving fast moving technologies. We are excited to welcome him to the Company."

Indro Mukerjee is non-executive Chairman of FlexEnable Limited ("FlexEnable"), a leader in flexible electronics technologies. FlexEnable was launched following the strategic transformation of Plastic Logic which Indro led in the role of CEO. He was previously Chairman and CEO of C-MAC MicroTechnology, a private equity backed LBO from which three market-leading companies were created to serve vertical markets (Automotive, Aerospace/Defence, Communications). These companies were developed under Indro's leadership and subsequently sold.

Indro previously worked for Philips Semiconductors BV in several executive board positions, including Executive Vice President - Global Marketing & Sales and Chief Marketing Officer and latterly global CEO of the strategic Automotive and RF Identification Business Units.

His earlier career included his role as Commercial Director at VideoLogic Limited, as part of the leadership team that took the company through an IPO, as well as senior management positions within Hitachi's European semiconductor division.

Indro has a passion for the development of skills to enhance the competiveness of the UK in technology, is the founding Chairman of the UK Electronics Skills Foundation and sits on the Board of the Sector Skills Council for UK science, engineering & manufacturing technologies, where he chairs the investment committee. Indro has a degree in engineering science from Oxford University, is a graduate of the Wharton Advanced Management Program and speaks several European languages.

Indro Mukerjee said:

"I'm of course aware of the challenges the Company has been facing and respect the Chairman, Board and rest of the team for the way that they have been identifying the issues of the past, and dealing with them resolutely and rapidly. At the heart of the Company are some excellent people and great technologies. My immediate priority will be to identify how to drive the development of both to serve our customers and create value for our shareholders".


Appointment of Nominated Adviser and Broker

Quindell is pleased to announce the appointment of Peel Hunt LLP as the Company's Nominated Adviser and Broker with immediate effect.

Additional information:

Indro Mario Mukerjee is aged 54, and British. He is currently Non-executive Chairman of FlexEnable Limited, a director of the Science, Engineering & Manufacturing Technologies Alliance and Chairman of the UK Electronics Skills Foundation. His previous directorships over the last 5 years are: Plastic Logic Holding plc, FlexEnable Limited, C-Mac UK Holding Limited, C-Mac Microcircuits UK Opco Limited, C-Mac Microcircuits North America Limited, C-Mac Microcircuits UK Holding Limited, C-Mac Automotive Limited, Api Microelectronics Limited, Rf2m Limited

There is no further information required to be disclosed pursuant to Schedule 2 (g) of the AIM Rules for Companies.

http://www.moneyam.com/action/news/showArticle?id=5095599

An interview with the new Group CEO

http://www.quindell.com/

18 August 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")

Regulatory update

Quindell Plc (AIM: QPP.L) announces that it has been informed by the Financial Conduct Authority ("FCA") that, in light of the investigation by the SFO into past business and accounting practices at the Company, the FCA has decided to discontinue its own investigation with immediate effect.

http://www.moneyam.com/action/news/showArticle?id=5096401

Just catching up:

TR-1: Notification of major interest in shares

Quindell PLC

24 August 2015

BEACH POINT CAPITAL MANAGEMENT LP increased their stake in QPP from

13,561,007 to 14,240,735 (3.20%) on 21 AUGUST 2015

http://www.moneyam.com/action/news/showArticle?id=5100046

http://www.quindell.com/investors/

Just catching up:

TR-1: Notification of major interest in shares

Quindell PLC

24 August 2015

BEACH POINT CAPITAL MANAGEMENT LP increased their stake in QPP from

13,561,007 to 14,240,735 (3.20%) on 21 AUGUST 2015

http://www.moneyam.com/action/news/showArticle?id=5100046

http://www.quindell.com/investors/

edit-double post

Major Shareholders

The directors have been notified, or are aware of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 24th August 2015.

Name-----------------------------------Total Interest--------------% Holding
M&G Investments (Prudential)---------29,166,666------------------6.55%
Beach Point Capital Management LLP--14,240,735------------------3.20%

Sub Total--------------------------------43,407,401-----------------9.75%
http://www.quindell.com/investors/


Link to Major Shareholders from November 2014 to present:

http://www.moneyam.com/InvestorsRoom/posts.php?page=1&tid=18581

2 September 2015
Quindell Plc


Result of AGM


Quindell Plc (AIM: QPP.L) announces that all resolutions at its Annual General Meeting, held earlier today, were duly passed.

http://www.moneyam.com/action/news/showArticle?id=5105868

Quindell chairman Richard Rose launches extraordinary attack on ousted predecessor Rob Terry
By Peter Campbell for the Daily Mail
Published: 21:56, 2 September 2015 | Updated: 22:02, 2 September 2015

The chairman of Quindell yesterday launched an extraordinary attack on ousted predecessor Rob Terry, saying that the company’s reputation would have been ‘shot to pieces’ if it had kept him on a moment longer.

Richard Rose told the technology company’s annual gathering of shareholders that Terry’s departure at the end of last year was welcomed by ‘the majority’ of investors.

When asked by retail shareholder Steven Little why the company had not retained Terry to help with its investigation into past accounting practices, Rose said: ‘I would suspect that the credibility would have been shot to pieces if we had retained the former chief executive to be honest.’



He added Terry had been ‘unhelpful’ when trying to dig out information into past deals.

When asked why Terry was not paid to stay on and help with the probe, Rose said: ‘He was paid quite adequately and I think that the majority of shareholders would form the view that he was paid too generously and retained for too long, but that’s a matter of opinion.’

Terry, who made £16m selling his shares, received £1.5m in redundancy pay and saw £406,000 paid to close family members including his wife.

He also benefited from a number of opaque deals including an interest free £100,000 loan and a barn conversion. Rose’s uncharacteristically unguarded remarks came as he announced the company would ditch its tainted name before Christmas in a bid to draw a line under a turbulent past.

There is currently a shortlist of new names, though ‘none begin with Q’, he said after the meeting.

Though listed on London’s junior AIM stock market, Quindell once had a value of almost £3bn and boasted scores of retail investors – many of whom saw their investments hammered when shares collapsed amid a string of scandals.

Earlier this year the company sold the bulk of its operations – processing legal claims – to Australian law firm Slater & Gordon for £664m, leaving a clutch of smaller divisions focused on black box technology for cars.

It currently faces a Serious Fraud Office investigation after writing down millions from past deals and admitting it has not turned a profit for years.

The annual meeting saw shareholders divided over the company’s past and future.

One, who did not give his name, accused the board of ‘selling off the family silver’ by offloading the legal arm – but many others backed the move.

Several asked for assurances that the 100p payout from the Slater sale would be unimpeded by the SFO probe.

Incoming chief executive Indro Mukerjee was not present because he was at a conference in the US. Speaking after the meeting, Rose recounted the only time he met Terry.

‘I met him once back in September and he told me to F-off.’

The pair had coffee when one of Quindell’s largest shareholders was trying to replace Terry with Rose as chairman.

Rose said the meeting, which lasted ‘about an hour’, began genially but ended with Terry’s curt remark.

Less than a month later, it emerged Terry and two other executives had entered into a deal to sell shares – despite Terry sitting on the price sensitive information that the company’s joint broker had quit.

Terry was fired in early November.

General interest:



Posted on September 3, 2015

This is a Private Investors report about the AGM held on the 2nd September 2015.

Qundell Shrugs off the past.

Quindell has turned over a new leaf. It was revealed that it is to drop its old Quindell leaf logo and company name before the end of this year. Richard Rose stated that the company was even dumping litigation claims against Gotham City Research and has completely severed his connections with the previous directors.

Clearly the company has a strong desire to leave the past behind and move on.

Quindell can no longer be regarded as made from “The Golf Club built on sand” to quote short seller Daniel Yu, who wrongly stated it was worth nothing. It may now be viewed by investors as one of the few cash rich Technology companies with no debt and is standing not on “sand” but on a half-billion pounds pile of cash sitting ready to line shareholders pockets.

The half a billion left after the sale of its legal services division is due to be returned to shareholders following formal legal approval and shortly after its H1 results. The board has been keen to show commitment to shareholders in an unprecedented move. All shareholders are likely to get back more than the current value of the stock. A further payment of at least £50,000,000 as part of the deal will be paid later.

Yesterdays AGM confirmed that there is overwhelming confidence in the new leadership. Private Investors unanimously voted for all the boards’ resolution enabling them to buy large tranches of its own stock at rock bottom prices, potentially forcing up its stock value. Its new CEO, the successful global business leader Indro Mukerjee will shortly divulge his strategy for the company. If his previous successes are anything to go by, it is going to be exceptional and he has the spare cash to do it.

Richard Rose intimated to the press that the accusations of wrongdoing are historical and nothing to do with the new company. Investigations are not likely to have any lasting effect on the company as the SFO seems to only be looking at actions of past individuals. Although the company is aware of potential litigation due to historic issues, nothing as yet has been received by Quindell from lawyers to suggest any action will be taken.

The company has delivered quality services even though the media and negative press fuelled largely by rumours spread by activist short sellers directly targeted the company. The previous directors were unable to keep control during this period and were eventually forced out by shareholders. Recovery has been positive thanks to Richard Rose and team, 1700+ staff and over 1000 loyal investors whose support prevented the company from failing.

Report by: Rod Clements

http://quindellecho.com/2015/09/03/quindell-shrugs-off-the-past/

7 September 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")

Board appointment

Further to its announcement dated 17 August 2015, Quindell (AIM: QPP.L) confirms the appointment today of its new Group Chief Executive, Indro Mukerjee, who will join the Board with immediate effect.

http://www.moneyam.com/action/news/showArticle?id=5107906

9 September 2015
Quindell Plc


Acquisition of the remaining 50.1% of PT Healthcare Solutions Corporation

Quindell Plc (AIM:QPP.L) announces that it has today agreed to acquire the remaining 50.1% stake that it does not already own in PT Healthcare Solutions Corporation ("PT Health") in consideration for the issue of 9,466,666 ordinary shares of 15 pence each in the Company ("Ordinary Shares") (the "Acquisition").

Background

PT Health is a leading provider of physiotherapy and rehabilitation services in Canada, with close to 100 owned clinics and an established network of 150 additional locations which provides complete national coverage. Historically, PT Health generated business from General Practioner referrals and government funded walk-in patients. However, since becoming part of the Group, its focus has shifted to the insurance referral model which yields higher margin recurring revenues from road traffic accident injured insurance customers, and to recurring revenues from Preferred Provider Networks for large national employers under their extended healthcare benefits programs.

On 26 September 2013, the Company announced that it had acquired a 26% interest in PT Health in consideration for the issue of 2,103,418 Ordinary Shares. In addition, the Company announced that it had agreed a put and call option (the "Option") with the vendors of PT Health, enabling Quindell to acquire the remaining 74% of PT Health subject to certain conditions.

Following a variation of the Option, the Company announced on 31 March 2014 that it had acquired a further 23.9% stake in PT Health in consideration for the issue of 6,666,666 Ordinary Shares.

For the period from 1 April 2014 to 31 December 2014, PT Health reported revenue of CDN$38.7 million (£19.1 million), a net loss of CDN$20.7 million (£10.2 million), a loss adjusted for non-recurring items and before tax of CDN$2.8 million (£1.4 million) and net assets of CDN$41.8 million (£20.6 million).

Transaction

Pursuant to the Option, the Group is to acquire the remaining 50.1% of PT Health, the terms of which have now been agreed and are detailed in an arrangement agreement (the "Arrangement Agreement"). Under the terms of the Arrangement Agreement, Quindell will issue 9,466,666 Ordinary Shares in consideration for the Acquisition.

The Acquisition is to be effected pursuant to an arrangement under the Canada Business Corporations Act. Completion of the Acquisition is subject to customary closing conditions, including court approval of the arrangement, approval of two-thirds of the votes cast by the holders of PT Health common shares at a special meeting of shareholders to be called to consider the arrangement, and applicable regulatory approval. Following a review and analysis of the proposed transaction, the PT Health board has unanimously approved the transaction and recommends that PT Health's common shareholders vote in favour of the arrangement. In addition, all of the directors and executive officers of PT Health have signed agreements to vote their shares in favour of the transaction. The Acquisition is scheduled to close in mid-October 2015.

PT Health is deemed to be a related party of the Company for the purposes of the AIM Rules, and is a party to the Arrangement Agreement. The directors of the Company consider, having consulted with Peel Hunt LLP in its capacity as the Company's nominated adviser, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.

PT Health is currently treated as a subsidiary of the Group and consolidated into the Group's accounts. Post completion of the Acquisition, PT Health will become a wholly owned subsidiary of Quindell.

Completion of the Acquisition is expected to take place in mid-October 2015 and application will be made for the 9,466,666 Ordinary Shares to be admitted to AIM in due course.

http://www.moneyam.com/action/news/showArticle?id=5109580

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

BEACH POINT CAPITAL MANAGEMENT LP have increased their stake from 22,007,060 to 22,431,859 which equates to 5.04%. This was reached on 10 SEPTEMBER 2015.


Previously Beach Point on 21 August 2015 crossed 3%

Major Shareholders

The directors have been notified, or are aware of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 14th September 2015.



Name...........................................No. of Shares.............. % Holding
M&G Investments (Prudential)...........29,166,666..................6.55%
Beach Point Capital Management LLP..22,431,859..................5.04%

Sub Total........................................51,598,525..................11.59%

Current Total Shares in issue 444,959,317 as at 14th September 2015 with none being held as treasury and <0.01% being held “not in public hands” i.e. held by directors, trustees of employee share schemes / pension funds or any other substantial shareholders (>10%).

http://www.quindell.com/investors/



Link to Major Shareholders from November 2014 to present:

http://www.moneyam.com/InvestorsRoom/posts.php?page=1&tid=18581

29 September 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")

Receipt of Notice of Intended Claim

Quindell Plc (AIM:QPP.L) announces that it has received a letter described as a "Notice of Intended Claim" from a law firm acting for a claimant group suggesting that it intends to commence an action against the Company under the Financial Services and Markets Act 2000 ("Notice").

Whilst the Company is not in a position to verify the assertions in the Notice (as no claim has been received as yet), the Notice estimates the value of the potential claims against the Company to be a maximum of approximately £9 million before costs (if awarded). There can be no guarantee that other claims will not be made against the Company and, in particular, the claimant firm details that it has been approached, but not retained, by other potential claimants who together, it asserts, would have a claim of a maximum value of a further £9 million.

The Company is not aware, and has not been made aware, of any other law firms acting for (or in the process of forming) other claimant groups.

The Notice provides little detail on the potential claim or the timing of the pre-action Letter of Claim and no information to support the valuation of the individual prospective claimants' claims, which would require to be proved in due course in any litigation. At this stage, the Company will vigorously defend all such claims, as appropriate.

Neither the Notice nor any claim made as currently outlined in the Notice would adversely impact the Company's previously announced intentions regarding a capital return.

http://www.moneyam.com/action/news/showArticle?id=5121663

Interim Results for the six months ended 30 June 2015

· Profit retained for the period of £414.5m (2014: loss of £81.9m), includes profit on sale of Professional Services division of £485.9m

· Strong balance sheet position with net assets of £699.0m as at 30 June 2015

· Cash in hand of £524.0m as at 25 September 2015 with a further £55.0m is being held in escrow relating to the disposal of the Professional Services Division, with further potential cash inflows from contingent consideration not included in the net assets

· Continuing operations revenues of £35.3m (2014: £42.8m)*

· Adjusted EBITDA loss of £15.8m (2014: loss of £6.1m) reflecting difficulties experienced by the Group during the first half of the year

· The Group's insurance technology solutions businesses have a solid technology base from which to shape a future strategy, including innovative usage based insurance (UBI) solutions, award winning policy & claims solutions and consumer telematics offerings

· New Board now in place following the appointment of Indro Mukerjee as Group Chief Executive

· The Group continues to co-operate fully with the outstanding SFO enquiry relating to past business and accounting practices

· Subject, inter alia, to Court approval, the stated desire of the Board is to make a capital distribution of at least £1 per ordinary share and up to £500 million. The Board is in the process of determining, with its advisers, the exact amount, form and methodology of the capital return which will be proposed to shareholders

*including the results of Ingenie Limited from 4 February 2014 as explained in the Report and Accounts for the year ended 31 December 2014.

Richard Rose, Non-executive Chairman commented:

"This announcement comes just 7 weeks since the publication of FY 2014 results, and the focus now is on the future. The appointment of Indro Mukerjee on 7 September 2015 as Group CEO was an important step. The new Board is now complete and will deliver the highest standards of corporate governance with a focus on shareholder value".

Indro Mukerjee, Group Chief Executive Officer commented:

"Since starting on 7 September, I have visited and met the vast majority of our businesses as well as a number of customers, shareholders and other key stakeholders. With shareholder value clearly in mind, I will work quickly and methodically on the Group's opportunities and challenges. I plan to share an outline strategy around the turn of the year. In the meantime, I will be focusing on: establishing good governance and operational integrity; dealing with the Group's losses as quickly as possible; and creating the best platform possible for future growth based on clear and compelling value propositions."

Interim Results for the six months ended 30 June 2015

There was also a presentation for the Interims:

Interim Results Presentation For The Six Months Ended 30 June 2015

16 October 2015

Quindell Plc

Cash settlement of options

Quindell Plc (AIM:QPP.L) announces that, pursuant to the rules of the Company's Share Option Plan, it has agreed to settle for cash 21,892,991 vested share options granted on and prior to 12 January 2015 at a total cost of £11.15m (plus any employers' national insurance costs).

The options were settled at a market value exercise price of 99.35p (being the 5 day average mid-closing price prior to the proposal being made to relevant optionholders) less the respective exercise price of each option. Income tax and employee national insurance contributions will be payable by recipients.

A table of current shares in issue, shares expected to be issued, and options outstanding is shown below (all shares of 15 pence each):

http://www.moneyam.com/action/news/showArticle?id=5133910

StockMarketWire.com
Quindell said, pursuant to previous commitments, it has decided to pursue a two-stage distribution of 100p a share, with an initial court-approved capital repayment to shareholders of 90p a share.

It expected to seek court approval for this to be made to shareholders in December 2015 at a total cost of about GBP415m.

"In consultation with its legal and financial advisers, and following detailed internal and external consideration of the Company's actual and prospective contingent creditors, the Board considers that an initial, Court approved, capital repayment to shareholders of 90 pence per share is both prudent and appropriate," the company said.

"The Board's intention is to make the second stage payment to shareholders of a further 10 pence per share in cash following the anticipated release at the end of 2016 of the £50m (which would represent approximately 11 pence per share) warranty escrow put in place as part of the disposal of the Professional Services Division ("PSD").

"The Company will also seek to make this payment to shareholders in a tax and cost efficient manner."

4 November 2015

Quindell Plc
("Quindell" or the "Company" or the "Group")

Completion of the acquisition of PT Healthcare Solutions Corp

Further to its announcement on 9 September 2015, Quindell (AIM:QPP.L) announces that it has completed the acquisition of the remaining 50.1% stake that it does not already own in PT Healthcare Solutions Corp ("PT Health") in consideration for the issue of 9,358,675 new ordinary shares of 15 pence each in the capital of the Company ("Ordinary Shares")("Consideration Shares"). The number of Consideration Shares is less than the number announced on 9 September 2015 (9,466,666) by 107,991 due to dissenting PT Health shareholders. Whilst Quindell has acquired 100% of PT Health, dissenting shareholders representing less than 0.6% of the common shares in the capital of PT Health have exercised their rights of dissent and will be paid a cash amount by Quindell for such shares determined under the provisions of the Canada Business Corporations Act.

The Consideration Shares will rank pari passu in all respects with the existing Ordinary Shares in issue.

It is expected that admission of these Consideration Shares will become effective on 9 November 2015. Following admission, Quindell will have 454,317,992 Ordinary Shares in issue. The Company has no Ordinary Shares held in treasury. The total of 454,317,992 Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.


http://www.moneyam.com/action/news/showArticle?id=5145793

9 November 2015
Quindell Plc


PROPOSED REDUCTION OF CAPITAL, RETURN OF CAPITAL, CONSOLIDATION OF ORDINARY SHARES, CHANGE OF NAME AND NOTICE OF GENERAL MEETING

Further to its announcement on 2 November 2015, Quindell (AIM:QPP.L) announces today that it is posting an explanatory circular ("Circular") to shareholders of the Company (and, for information only, to holders of share options in the Company) convening a General Meeting (defined below) and inviting shareholders to approve resolutions to authorise a proposed reduction of the Company's share capital ("Reduction of Capital") and a proposed return of capital to shareholders ("Return of Capital"). Subject to the Reduction of Capital and Return of Capital being approved, shareholders will also be invited to approve a resolution to authorise a proposed consolidation of the Company's ordinary shares ("Consolidation"). In addition, shareholders will also be invited to approve a resolution to change the Company name to Watchstone Group plc. The Circular contains details of the formal notice of the General Meeting to be held at Park Plaza Westminster Bridge, 200 Westminster Bridge Road, London, SE1 7UT at 10:00 a.m. on 26 November 2015 (the "General Meeting").

The Circular, together with the notice of the General Meeting will be made available on the Company's website at www.quindell.com.

The Circular provides shareholders with information about the background to, and reasons for, each of the Reduction of Capital, Return of Capital and Consolidation and explains why the Directors of the Company ("Board") consider these to be in the best interests of the Shareholders and the Company as a whole and why the Board unanimously recommend that shareholders vote in favour of the requisite resolutions at the General Meeting, as they intend to do in respect of their beneficial holdings. The Circular also contains details of the requisite Court approval process pertaining timings to the Reduction of Capital.

HIGHLIGHTS


· The proposed Return of Capital to shareholders in December 2015 will be of approximately £414 million in aggregate.

· The effect of the proposed Reduction of Capital and Return of Capital will be that for every fully paid ordinary share of 15 pence each held at the Record Date (as defined in the Circular), a shareholder will receive 90 pence in cash.

· Trading in Ordinary Shares ex-entitlement to Capital Return is expected to be on 18 December 2015 with the expected dispatch of cheques to Shareholders or crediting of Shareholders' CREST accounts (as appropriate) in respect of Return of Capital entitlements, on or around 31 December 2015.

· Conditional on the approval of the Reduction of Capital and the Return of Capital at the General Meeting and by the Court, the Consolidation would consolidate the Company's ordinary shares so that every 10 ordinary shares with a nominal value of 1 penny (after the Reduction in Capital) would become 1 ordinary share of 10 pence (such shares having the same rights and being subject to the same restrictions (save as to nominal value) of the existing ordinary shares).

· Conditional on the approval of shareholders, the Company's name will be changed to Watchstone Group plc.

· Following the Return of Capital, in addition to its operating businesses, the Company expects to retain approximately £90 million in cash. The Group has a further £55 million held in escrow accounts relating to the Disposal and the Company retains rights to contingent consideration estimated to have a current value of approximately £39.6 million.

http://www.moneyam.com/action/news/showArticle?id=5148726

Reminder- Next week Thursday 26th November General Meeting including proposed name change to Watchstone Group plc.

26 November 2015

Quindell Plc
("Quindell" or the "Company")

RESULTS OF GENERAL MEETING

Further to its announcement on 9 November 2015, Quindell (AIM:QPP.L) announces all resolutions at the General Meeting, held earlier today, were duly passed.



The Reduction of Capital and Return of Capital remain subject to Court approval. The Consolidation is subject to the Reduction of Capital and Return of Capital.



Shareholders approved a resolution to change the Company name to Watchstone Group plc. Accordingly, the change of the name of the Company has become effective at Companies House today.



It is expected that trading in the Company's Ordinary Shares on AIM under the new name of Watchstone Group plc (AIM: WTG.L) will take effect from tomorrow, 27 November 2015. The ISIN and SEDOL numbers will not change.



Planned suspension of trading commencing 16 December 2015

Due to the gap between the record dates for the Return of Capital and the Consolidation, and because of the likely impact of the outcome of the Court Hearing on the share price of the Company, there is a risk of confusion in the market and volatility in the share price of the Company between the date of the Court Hearing and the Consolidation becoming effective. As a result, the Company has been granted its request that its Ordinary Shares be suspended from 7:30 am on Wednesday, 16 December 2015 (being the date of the Court Hearing) until the market opening on Monday, 21 December 2015 ("Suspension").


The Suspension has been requested because:

a) the Court Hearing will take place during trading hours on Wednesday, 16 December 2015 and the Company is under an obligation to ensure that the market is updated in an orderly fashion which will not be possible where there is a Court hearing. The Company will, of course, announce the results of the Court Hearing without delay; and

b) if approved, due to legal filing requirements, in the absence of the Suspension, the Ordinary Shares would trade ex-entitlement to the Return of Capital (90p per Ordinary Share) for one trading day prior to the Consolidation becoming effect. In the absence of the Suspension, there was considered a risk of excessive volatility on Thursday, 17 December 2015 and, in particular, on Friday, 18 December 2015.



Assuming the Court approves the Reduction of Capital and Return of Capital, shareholders will receive 90p per Ordinary Share in cash and the Company would expect the Ordinary Shares to devalue by 90 pence per Ordinary Share before the 1 for 10 Consolidation takes place. Once the Consolidation takes effect on Monday, 21 December 2015, and without taking account of any other market movement in the value of the Ordinary Shares, the Consolidated Ordinary Shares will re-admit with a value per share of ten times the devalued price per Ordinary Share, with each Shareholder holding a tenth of his or her previous number of Ordinary Shares in the Company.



In the event that the Company's proposals are rejected by the Court, the Company will request that its Ordinary Shares re-commence trading at the opening of the market on Thursday, 17 December 2015 and the Consolidation will not take place.



Should the Court hearing be adjourned, the Company will consult with Peel Hunt, its Nominated Adviser, as to whether to request trading in its Ordinary Shares should re-commence upon the decision of the Court following the adjournment or with immediate effect.


Updated Timetable of Events


Suspension commences

7:30 a.m. on Wednesday 16 December 2015


Court Hearing

10:00 a.m. on Wednesday 16 December 2015


Record Date

6:00 p.m. on Thursday 17 December 2015


Registration of Court Order and Effective Date of Return of Capital

Friday 18 December 2015


Consolidation Record Date

6:00 p.m. on Friday 18 December 2015


Suspension ends, Share Consolidation Effective and Consolidated Ordinary Shares commence trading ex-entitlement to Return of Capital

8:00 a.m. on Monday 21 December 2015


Dispatch of cheques to Shareholders or Shareholders' CREST accounts credited (as appropriate) in respect of Return of Capital entitlements



On or around 31 December 2015


Notes

These dates are estimates only, being subject to agreement of hearing dates with the Court. Any changes will be notified to Shareholders by an announcement on the Regulatory News Services of the London Stock Exchange.

All references to time in this announcement are to London time.





For further information:




Quindell Plc

Tel: 01489 864 200


Richard Rose, Non-executive Chairman

Indro Mukerjee, Group Chief Executive Officer




Stephen Joseph, Head of Investor Relations



Peel Hunt LLP, Nominated Adviser and broker





Tel: 020 7418 8900


Dan Webster







Tulchan Communications



Tel: 020 7353 4200


Susanna Voyle

Charlotte Church

http://www.moneyam.com/action/news/showArticle?id=5161915