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.

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