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”).

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

 Information  X 
Enter a valid email address

Craven House Capital (CRV)

  Print      Mail a friend       Annual reports

Thursday 05 January, 2012

Craven House Capital

Investment in Pressfit Holdings Plc

RNS Number : 0673V
Craven House Capital PLC
05 January 2012
 



5 January 2012

Craven House Capital Plc

(the "Company")

 

Investment in Pressfit Holdings Plc

 

The Company today announces that it has agreed to purchase 1,387,507 shares in Pressfit Holdings Plc ("Pressfit") (representing approximately 4.5% of the Company's issued share capital) from an existing shareholder at 9.875p per share, amounting to an aggregate consideration of circa £137,000. This purchase of shares is conditional upon the shareholder subscribing for 10,961,305 new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") for 1.25p per share.

 

Pressfit is an unquoted UK public limited company with Hong Kong and Chinese subsidiaries, which manufactures and distributes thin walled stainless steel and carbon steel press fittings used in water and gas applications. Further information about Pressfit can be found at http://pressfitholdings.com/.

 

The Company previously announced on 7 September 2011 that it had entered into a £95,000 convertible loan agreement with Pressfit. The loan is convertible, at the Company's discretion, into 961,849 fully paid ordinary shares of 0.25 pence per share (representing 3% of Pressfit's share capital after enlargement) at a conversion price of 9.875 pence per share. Interest is payable on the loan at an annual rate of 8% per annum.

 

Mark Pajak, Acting Chairman, commented, "We are very pleased to announce this additional investment in Pressfit, which follows the previously announced convertible loan facility provided in September 2011. We are very excited about Pressfit's growth prospects as it expands its client base throughout China and into Europe. Pressfit benefits from an excellent management team and a disciplined growth strategy founded on their distinct competitive advantages.

In addition, we very pleased to secure this investment utilising our shares as currency - a clearly defined and central aspect of our investment strategy. This transaction and the previous investment in Farm Lands of Guinea valued the Company's shares at 1.25p per share. The Company's ability to secure transactions at a premium to the current market price, such as the capital raise at 1.25p in June, underline the belief in the Company's future growth prospects. 

We view our investment in Pressfit as a long-term strategic holding and we look forward to supporting this company further as they deliver on their plans for growth."

 

Application has been made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on AIM. Admission is expected to take place on 11 January 2012. The shares will rank pari passu with the existing issued ordinary shares.

 

Following the issue of the new ordinary shares, the Company's total issued share capital will consist of 291,086,971 ordinary shares with each share carrying the right to one vote. The Company has no ordinary shares held in treasury. The total of 291,086,971 ordinary shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

 

 

For further information please contact:

 

Craven House Capital Plc

Alexandra Eavis

 

     020 7002 1491

Daniel Stewart & Company (Nominated Adviser and Broker)

Antony Legge / James Thomas

020 7776 6550

 

www.cravenhousecapital.com 


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