The firm will now be known as Watchstone Group
Quindell shares have resumed trading on AIM, under new name Watchstone Group, as its £414m pay-out to shareholders is approved.
The insurance software outsourcer remains under investigation by the Serious Fraud Office.
The pay-out follows the £637m sale of its professional services division to Australian legal firm Slater and Gordon.
After a court hearing held on 16 December, the company decided upon a 10-for-one share consolidation, a 90p-a-share return to investors in the company.
The firm, now known as Watchstone, will be led by Indro Mukerjee and analysts predict that it will be turning a profit by the end of 2017.
One analyst, Peel Hunt, described the company as “a changed proposition”, in the first research note on the firm in almost a year.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
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