Quindell share price: company issues new shares

on May 19, 2015
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Quindell Plc (LON:QPP) today announced the issuance of more than 4 million new shares. Following is the company’s statement.

**Quindell statement:**
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.

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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.

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