QPP Quindell

TIDMQPP

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     Tel: 01489 864200 
  Robert Fielding, Group Chief Executive 
  Stephen Joseph, Head of Investor Relations 
 Cenkos Securities plc, Nominated Adviser 
  and broker                                       Tel: 020 7397 
  Stephen Keys / Mark Connelly                     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

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