Quindell PLC Acquisition (4618E)

TIDMQPP

RNS Number : 4618E

Quindell PLC

04 November 2015

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.

For further information:

 
 Quindell Plc                                       Tel: 01489 864 
                                                     200 
 Indro Mukerjee, Group Chief 
  Executive Officer 
 Stephen Joseph, Head of Investor 
  Relations 
 
 Tulchan Communications                    Tel: 020 7353 4200 
 Susanna Voyle 
  Charlotte Church 
 
   Peel Hunt LLP, Nominated Adviser         Tel: 020 74188900 
   and broker 
 Dan Webster

This information is provided by RNS

The company news service from the London Stock Exchange

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November 04, 2015 02:00 ET (07:00 GMT)

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