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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3i Group PLC (III)

  Print      Mail a friend       Annual reports

Wednesday 06 July, 2011

3i Group PLC

Interim Management Statement

RNS Number : 8299J
3i Group PLC
06 July 2011
 



3i Group plc - Interim Management Statement

 

 

6 July 2011

 

 

3i Group plc ("3i"), an international investor in private equity, infrastructure and debt management, today issues its Interim Management Statement in accordance with FSA Disclosure and Transparency Rule 4.3. This statement relates to the three month period from 
1 April 2011 to 30 June 2011.

 

Michael Queen, 3i's Chief Executive, said:

 

"We have made a good start to the year with a significant increase in the level of investment during the period. These new investments and a strong pipeline combined with our confidence in the portfolio, provide a positive outlook for the business."

 

1.

Investment and Realisations

 

Investment in the three month period was £233 million (2010: £105 million). This included £158 million of new investments, £36 million of further investment with the balance being capitalised interest. New investments included £112 million in Hilite, £17 million into GO Outdoors and £13 million into World Freight Company International. Infrastructure investment of £33 million relates to the conversion of 3i Infrastructure plc warrants, awarded at the company's Initial Public Offering in 2007.

 

Investment for the quarter by business line was as follows:

 

Investment £m

 

3 months ended

3 months ended

 

30 June

30 June

 

2011

2010

Private Equity

 

Buyouts

137

90

 

Growth Capital

63

4

Infrastructure

33

-

Debt Management

-

11

Non-core activities

-

-

Total

233

105

 

Total investment does not include the expected investment in Action, a leading retailer in the Netherlands.

 

Realisation proceeds were £337 million (2010: £79 million), the largest of which were the sales of Hyva (£180 million), Norma (£74 million) and RBG (£46 million).

 

Realisation proceeds by business line were as follows:

Realisations £m

 

3 months ended

3 months ended

 

30 June

30 June

 

2011

2010

Private Equity

Buyouts

310

1

Growth Capital

22

46

Infrastructure

-

-

Debt Management

-

13

Non-core activities

5

19

Total

337

79

 

Total proceeds do not include the expected sales proceeds from the sale of Ålö and KemFine, which together will be around £175 million.

 

 

2.

China RMB allocation

 

Building on a strong track record in China, 3i has been chosen to participate in a
Pilot Programme by the Shanghai government allowing 3i to freely convert up to $100 million into renminbi to make investments in China without the need for any exchange control approvals. 

 

 

3.

Cash flow and Balance sheet

 

The Group had cash, cash deposits and undrawn committed facilities of £1,910 million at 30 June 2011 (31 March 2011: £1,846 million). Net debt decreased from its year end level of £522 million to £471 million, recognising the net inflows from investments and realisations, together with other operating expenses.

 

On 30 June, 3i successfully replaced its current £300 million October 2012 facility with a new £450 million multi currency revolving credit facility. The banking group has been extended and the facility will mature in June 2016.

 

Ends

 

 

For information please contact:

 

Patrick Dunne

Group Communications Director, 3i Group plc

020 7975 3566

 

 

This statement aims to give an indication of material events and transactions that have taken place during the period from 1 April 2011 to 30 June 2011 and their impact on the financial position of 3i Group plc. These indications reflect the Board's current view. They are subject to a number of risks and uncertainties and could change. Factors which could cause or contribute to such differences include, but are not limited to, general economic and market conditions and specific factors affecting the financial prospects or performance of individual investments within 3i's portfolio.


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