Quindell CEO plays down Terry’s share sale
Founder Rob Terry’s sale of 5% of Quindell’s total share capital has been played down by CEO Robert Fielding, despite the troubled firm’s share price dropping by a third over 24 hours.
Terry sold 25m ordinary shares for an estimated £11.4m, bringing his stake to just 2.99% of the business.
The news cut almost hit Quindell on the stock exchange yesterday, bringing its price down from
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