Director/PDMR Shareholding (4244Q)

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RNS Number : 4244Q

Mobile Doctors Group Plc

19 October 2011

Mobile Doctors Group PLC

("Mobile Doctors" or "the Company")

Director's Dealing

The Board of Mobile Doctors announces that Matthew Game, Chief Executive Officer, has today sold 701,909 shares in the Company (representing approximately 4.2% of the issued share capital of Mobile Doctors) to Quindell Portfolio Plc ("Quindell"). The shares have been acquired in exchange for the issue by Quindell of 4,094,469 ordinary shares of 1 penny each.

Following the disposal Matthew will continue to hold 2,857,032 ordinary shares representing 17.1 per cent. of the Company's issued share capital.

This acquisition takes Quindell's ownership to approximately 21.1% of Mobile Doctors.

Mathew Game, CEO commented: "Mobile Doctors already holds a strong position in the area of medico-legal reporting for personal injury claims and remains focussed on driving its core business, but is also now looking to leverage its brand beyond its current product lines. I believe that Quindell can be instrumental in helping us make this possible, ultimately benefiting all of our shareholders, and this is why I have been willing to exchange a small proportion of my own shareholding to help Quindell attain a holding that enables them to account for Mobile Doctors as an associate of Quindell Portfolio Plc."

Rob Terry, Chief Executive Officer of Quindell said: ""The purchase of this most recent tranche of shares makes Quindell the second largest shareholder of Mobile Doctors after Lloyds TSB Development Capital Limited who own 29.9% and further cements our relationship. We are looking forward to the synergies that can be drawn from the combination of our shared interests, and working closely with Matthew to explore how Mobile Doctors can extend its brand through the application of Quindell's own technology and expertise."

Enquiries:

 
 Mobile Doctors Group PLC 
 Matthew Game, Chief Executive   Tel: [phone] 
  Officer 
                                ------------------- 
 
 Daniel Stewart & Company PLC    Tel: [phone] 
  (Nomad & Broker) 
  Oliver Rigby 
                                ------------------- 
 

Notes to Editors:

-- Mobile Doctors, established in 1989, has grown organically to become one of the leading suppliers of medico-legal reports for personal injury claims in the UK. It provides independent and objective medical evidence via a national panel of medical experts and therapists.

-- Mobile Doctors has a database of approximately 2,500 medical experts covering many areas of the UK and currently provides approximately 67,000 reports out of approximately 600,000 reports required annually.

-- In addition to its core medical report service, Mobile Doctors also provides ancillary services such as arranging MRI scans, X-Rays, CT scans, and ultrasounds and rehabilitation services such as physiotherapy, hospital treatment and cognitive-behavioural-therapy.

-- Mobile Doctors Group PLC listed on AIM on 18 July 2007

About Quindell Portfolio Plc

Quindell, the Brand Extension Company, helps its clients, investments and partners to utilise their brands, enabling them to achieve greater sales, extend the brand into new product offerings and take advantage of alternative routes to market including white labelling, franchising and using broker and agency channels.

Quindell also provides clients with its cloud based technology to deliver the necessary framework to support the online, office and field based sales and service expectations of both its clients and their customers in an efficient and cost effective manner.

In addition to extending the customer wallet share of its clients' brands, Quindell's solutions are focused on generating improvements in efficiency and effectiveness for all of its clients, and savings of over 20% against industry norms are targeted.

The Group's consultancy arm drives the business transformation of its clients, and is supported by its leading edge technology, technology enabled outsourcing, membership schemes, social media and e-commerce with out of the box implementations.

The Group currently works with more than 1,000 companies from SMEs to national and international brands around the globe, and its solutions are applied in the following sectors and their related supply chains:

-- Technology, Telecommunications and Utilities

-- Finance, Insurance and Legal Services

-- Leisure, Retail and E-commerce

-- Education

Quindell Portfolio joined the market through Mission Capital plc. The Group was readmitted to the market on 17 May 2011 following the Company's acquisition of the whole of the issued share capital of Quindell Limited. On 18 July, the Company was renamed Quindell Portfolio Plc.

For further information, please visit www.quindell.com

This information is provided by RNS

The company news service from the London Stock Exchange

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