Quindell PLC Issue of Shares (5984N)
May 19 2015 - 02:02AM
UK Regulatory
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RNS Number : 5984N
Quindell PLC
19 May 2015
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.
-ends-
For further information:
Quindell Plc Tel: 01489 864 200
David Currie, Non-executive Interim
Chairman
Robert Fielding, Group Chief Executive
Stephen Joseph, Head of Investor Relations
Tulchan Communications Tel: 020 7353 4200
Tom Buchanan
Victoria Huxster
Cenkos Securities plc, Nominated Adviser Tel: 020 7397 8900
and broker
Stephen Keys
Mark Connelly
This information is provided by RNS
The company news service from the London Stock Exchange
END
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