Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Thursday 13 June, 2002

AIM

AIM Prospective Admission

AIM
13 June 2002


       ANNOUNCEMENT TO BE MADE BY AIM APPLICANT AT LEAST 10 BUSINESS DAYS 
                                 PRIOR TO ADMISSION

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME:
L. Gardner Group PLC

COMPANY ADDRESS:
Grays Court
1 Nursery Road
Edgbaston
Birmingham

COMPANY POSTCODE:
B15 3JX

COUNTRY OF INCORPORATION:
England

COMPANY BUSINESS:
L. Gardner Group PLC is an engineering group specialising in the aerospace and
automotive markets.  The Group is principally involved in the manufacture and
sale of precision engineered products and components.  It operates in two
divisions, Gardner Aerospace and Gardner Automotive and the Group's products are
used extensively throughout the world. 

DETAILS OF SECURITIES TO BE ADMITTED
(i.e. where known, number of shares, nominal value and issue price): 37,042,319
Ordinary Shares of 10p each 

CAPITAL TO BE RAISED ON ADMISSION:
N/A

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Simon Richard Frost - Non-executive Chairman
Stephen John Bolckow Hollis - Group Chief Executive
Ian Michael Whybrow - Group Finance Director

Brian James Dickie - Executive Director
PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A 
PERCENTAGE OF THE ISSUED SHARE CAPITAL STATING WHETHER BEFORE OR AFTER 
ADMISSION:
Perpetual Unit Trust Management Limited - 9.76 % (before admission)
Trevor Brown - 9.5% (before admission)
Texas Holdings Limited - 7.81% (before admission)
Edinburgh Fund Managers - 6.52% (before admission)
Aberdeen Asset Managers - 3.43% (before admission)
Universities Superannuation Scheme Limited - 3.37% (before admission)
BWD Rensburg - 3.34% (before admission)
Prudential - Bache - 3.29% (before admission)
Scottish Mutual Investment Managers - 3.14% (before admission)

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 
2, PARAGRAPH (G) OF THE AIM RULES. N/A

ANTICIPATED ACCOUNTING REFERENCE DATE:
Year End Date 31st August

NAME AND ADDRESS OF NOMINATED ADVISER:
Insinger English Trust
44 Worship Street
London EC2A 2JT

NAME AND ADDRESS OF BROKER:
Durlachers Limited
4 Chiswell Street
London EC1Y 4UP

DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE 
AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE 
APPLICANT AND THE ADMISSION OF ITS SECURITIES.
N/A

DATE OF NOTIFICATION:
13 June 2002

NEW/ UPDATE (see note):
New


LISTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:

DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE 
OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY
Following admission to AIM it is the intention of the L. Gardner Group to
concentrate on developing the Group's core activities of manufacturing and
selling precision engineered products involved in the aerospace and automotive
markets. The Group intends to reduce gearing and to continue to establish key
partnerships with the world's major aerospace groups.  This, coupled with
ongoing cost reductions and a programme of asset disposals and rationalisation
of subsidiaries should enhance shareholder value in the medium to long term. 

A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE
APPLICANT, WHICH HAS OCCURRED SINCE THE END OF THE LAST FINANCIAL PERIOD FOR
WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED OR AN APPROPRIATE NEGATIVE
STATEMENT 
In the report and accounts of the Company for the year ended 31st
August 2001 published in November 2001, the Company recognised the need to
restructure its banking arrangements and reported that this process was
continuing in line with the timetable then indicated.  Since the end of the six
month period on 28th February 2002, the Company has reached agreement over
revised and increased banking facilities with the syndicate of bank lenders, led
by Barclays Bank plc, to whom the Company is substantially indebted.  With a
view to reducing gearing, the Company has announced that a programme of asset
disposals and rationalisation of subsidiaries will be undertaken.


The Company has announced, on 25th March 2002, that prospects for the Group's
aerospace division remain difficult in the short term, but that sales have
stabilised at current levels and prospects appear more reasonable in the longer
term.  At the same time the Company announced that the automotive diversion
requires considerable rationalisation which, once completed, should enable
operational performance to improve,  The Company anticipated that the interim
results of the Group for the six months ended 28th February 2002 would show a
loss on trading activities.

The Company announced, on 29th May 2002, its interim results for the half year
ended 28th February 2002.  These results showed turnover from continuing
operations at £44.3 million (2001-£51.6 million) and reflected the difficult
trading conditions in both aerospace and automotive markets.  Operating losses
before exceptional items and goodwill amortisation were £2.5 million (2001 -
£8.4 million profit).


The Company's aerospace business experienced a significant reduction in demand
from customers following the events of 11th September 2001 however the position
appears to be stabilising albeit at lower order volumes than had been expected
pre 11th September 2001.  Significant restructuring and operational improvements
have been undertaken to reduce costs within the Group. The medium to long term
prospects are good as the industry returns to underlying growth levels and as
the Group expects to benefit from continued rationalisation in the aerospace
industry's supply chain. The non-aerospace market remains difficult and overall
demand will be driven in particular by the speed of recovery of the US economy.

The Director's strategy will focus the Group on its aerospace business and as
such will likely undertake to dispose of non-aerospace assets and non-core
businesses. These assets have been reduced following a review of their probable
realiseable values within the non-core businesses.  This resulted in exceptional
charges to the Group profit and loss account for permanent impairment of
goodwill of £36.9 million with further exceptional items of £16.9 million
following the review of non-core assets. In order to reduce costs and facilitate
the disposal programme the Company announced on 29th May 2002 that it intended
to cancel its listing on the Official List of the London Stock Exchange with
effect from 28th June 2002, and seek admission to AIM.


The Company is not aware that there has been any material change in its
financial or trading position since the announcement of its interim results made
on 29th May 2002.

A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT 
ITS WORKING CAPITAL WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE 
DATE OF ITS ADMISSION
The Directors of the Company have no reason to believe that the Group's working
capital will be insufficient for at least twelve months from the date of its
admission. 

DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES. 
N/A


                      This information is provided by RNS
            The company news service from the London Stock Exchange