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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aquilo | LSE:AQL | London | Ordinary Share | GB00B1LJ8P37 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.35 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9813U Aquilo PLC 01 December 2005 Aquilo plc ("Aquilo") Aquilo sells AccidentCare Business Aquilo has sold its AccidentCare membership services business and all associated intellectual property to Broker Assistance Limited ("Broker Assistance"). The effective date of the business transfer was 30th September 2005. Aquilo and Broker Assistance have worked together closely since 2004 to provide integrated claims handling, mobility, credit hire and credit repair services to the AccidentCare members. This co-operation agreement has worked well for the members and for both parties. The acquisition of the business by Broker Assistance is a natural extension of this joint working. Aquilo and Broker Assistance have also signed a business services agreement whereby Aquilo will seek new business opportunities for fulfilment through Broker Assistance. The consideration is payable on an instalment basis and will total #360,000 subject to certain mutually agreed conditions. Jon Ralph, Managing Director of Broker Assistance said: "We are very pleased to acquire this business from Aquilo. We believe strongly that good value, customer friendly products and services such as those provided by AccidentCare have substantial long term growth potential within the new regulatory framework. The purchase is a natural extension to our existing fulfilment arrangements and will consolidate our relationship with all Accidentcare brokers and clients. Clive Nicholls, CEO of Aquilo said: "We believe that this sale to Broker Assistance will benefit all parties. The Aquilo focus is on developing claims and advisory services and therefore we decided that this type of marketing business would be better developed and expanded by an organisation such as Broker Assistance". Enquiries: Alan Frame, Equity Development 0207 405 7777 Jonathan Ralph 07968 705 408 _______________________________________________________________________ Aquilo operates in the UK general insurance market, as a specialist insurance claims management and advisory group. It seeks to achieve control of the claims process by utilising innovative IT and Human Resource skills. It is listed on AIM. This information is provided by RNS The company news service from the London Stock Exchange END DISUUGBAPUPAGGG
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