Quindell PLC TR-1: Notification of major interest in shares (9451W)

TIDMQPP

RNS Number : 9451W

Quindell PLC

24 August 2015

 
 For filings with the FCA include the 
  annex 
 For filings with issuer exclude the 
  annex 
 
 TR-1: Notification of major interest in shares(i) 
------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying                                   QUINDELL PLC 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
--------------------------------------------------  --------------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                         ü 
-----------------------------------------------------------------------------  ------------ 
 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached 
-----------------------------------------------------------------------------  ------------ 
 An acquisition or disposal of instruments with similar economic 
  effect to qualifying financial instruments 
-----------------------------------------------------------------------------  ------------ 
 An event changing the breakdown of voting rights 
-----------------------------------------------------------------------------  ------------ 
 Other (please 
  specify): 
-------------------  --------------------------------------------------------  ------------ 
 3. Full name of person(s) subject                        BEACH POINT CAPITAL MANAGEMENT LP 
  to the 
  notification obligation: (iii) 
--------------------------------------------  --------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
--------------------------------------------  --------------------------------------------- 
 5. Date of the transaction and date                                         21 AUGUST 2015 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------  --------------------------------------------- 
 6. Date on which issuer notified:                                           24 AUGUST 2015 
--------------------------------------------  --------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                     3% 
--------------------------------------------  --------------------------------------------- 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
----------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                    Resulting situation after the triggering 
 of              to the triggering                     transaction 
 shares          transaction 
 
 if possible 
 using 
 the ISIN 
 CODE 
-------------  ------------------------------------  ------------------------------------------------------------------ 
                Number           Number               Number            Number of voting            % of voting 
                 of               of                   of shares         rights                      rights (x) 
                 Shares           Voting 
                                  Rights 
-------------  ---------------  -------------------  ----------------  --------------------------  -------------------- 
                                                      Direct            Direct       Indirect       Direct   Indirect 
                                                                        (xi)          (xii) 
-------------     ---  -------  ------  -----  ----  ----------------  -----------  -------------  -------  ----------- 
 GB00BMTS9H89   13,561,007       13,561,007           14,240,735        14,240,735                  3.20 
-------------  ---------------  -------------------  ----------------  -----------  -------------  -------  ----------- 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------- 
 Type of financial      Expiration       Exercise/                    Number of voting            % of voting 
  instrument             date (xiii)      Conversion Period            rights that may             rights 
                                          (xiv)                        be 
                                                                       acquired if the 
                                                                       instrument is 
                                                                       exercised/ converted. 
---------------------  ---------------  ---------------------------  --------------------------  ---------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
----------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------- 
 Type of           Exercise      Expiration     Exercise/        Number of voting            % of voting 
 financial          price         date (xvii)    Conversion       rights instrument           rights (xix, 
 instrument                                      period           refers to                   xx) 
                                                 (xviii) 
----------------  ------------  -------------  ---------------  --------------------------  --------------------------- 
                                                                                             Nominal           Delta 
----------------  ------------  -------------  ---------------  --------------------------  ----------------  --------- 
 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                         Percentage of voting rights 
--------------------------------------------------------------  ------------------------------------------------------- 
 14,240,735                                                      3.20 
--------------------------------------------------------------  ------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------- 
 
 
 Proxy Voting: 
-------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                   N/A 
---------------------------------------------------  --------------------------- 
 11. Number of voting rights proxy holder will                   N/A 
  cease 
  to hold: 
---------------------------------------------------  --------------------------- 
 12. Date on which proxy holder will cease to                    N/A 
  hold 
  voting rights: 
---------------------------------------------------  --------------------------- 
 
 
  13. Additional information: 
----------------------------------------  -------------------------------------- 
 14. Contact name:                         Khoa D. Le 
----------------------------------------  -------------------------------------- 
 15. Contact telephone number:             +001 310 996 9657 
----------------------------------------  -------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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August 24, 2015 12:49 ET (16:49 GMT)