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.

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%.



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