Quindell in Ai Claims takeover


The purchase by Quindell took its shareholding in the accident management company to 77.6%.

It bought 29,070,146 shares from five shareholders in exchange for £3.1m cash and the issue by Quindell of 50,369,001 new ordinary shares of 1 pence each in the company.

As a result of the acquisition, which the company said was made with the consent of the board of Ai Claims, Quindell is obliged to make a mandatory cash offer for the remaining shares.

Rob Terry, chairman and chief executive of Quindell

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: