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.

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