Rob Terry’s investment vehicle, Quob Park Estate, has a 9.99% stake in the AIM-listed stockbroker.
It has not been able to extend this due to restrictions put in place by the Financial Conduct Authority (FCA) while it conducted a probe into Quindell.
However, this seems unlikely in the near term at least. For Quob Park said on August 5 that it "would not plan to gain FCA approval" for further shares purchases until ALL investigations in Quindell are finished, including the SFO probe.
Shares in Daniel Stewart rose 0.3p to 1.75p today.