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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Ambrian Capital PLC (AMBR)

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Thursday 03 November, 2011

Ambrian Capital PLC

Disposal of Subsidiary

RNS Number : 4282R
Ambrian Capital PLC
03 November 2011
 



 

3 November 2011

 

 

AMBRIAN CAPITAL PLC

("Ambrian")

Disposal of Subsidiary

 

Ambrian Capital PLC ("Ambrian Capital") announces that it has entered into a conditional sale agreement for the disposal of the whole of the issued share capital of its investment banking subsidiary, Ambrian Partners Limited ("APL"), to RFC Group Limited ("RFC"), the resources advisory group based in Australia. The Agreement is conditional, inter alia, upon the approval of the Financial Services Authority to the change of control of APL.

The consideration for the sale, which is payable in cash, is linked to the net asset value of APL as at 31 October 2011 and as a result of the transaction it is expected that Ambrian Capital will incur a write-down of its investment in APL of approximately £1.5 million. The consideration will be applied in providing additional working capital for Ambrian Capital.

APL recorded a profit before tax of £318,024 for the year ended 31 December 2010 and an unaudited profit before tax of £21,289 for the six months ended 30 June 2011. As at 31 December 2010, APL had net assets of £7,317,462 (£3,571,114 net of an intra group loan) (30 June 2011: £7,338,751 (£3,541,865 net of an intra group loan) unaudited).

Commenting on the disposal Robert Ashley, the Chief Executive Officer of Ambrian Capital said:

"In the current market environment, we are pleased to have agreed terms with RFC to acquire Ambrian Partners. With its sector specialism and geographic reach, RFC will enhance the services provided to Ambrian Partners' valued clients."

 

- ends -

 

Enquiries

 

Ambrian Capital plc


Robert Ashley, Chief Executive 

+ 44 (0)20 7634 4700



Macquarie Capital (Europe) Limited


Steve Baldwin

+ 44 (0)20 3037 2362

Nicholas Harland

+ 44 (0)20 3037 2369



M: Communications


Charlotte Kirkham

+ 44 (0)20 7920 2331

Ann-Marie Wilkinson

+ 44 (0)20 7920 2343

 

 



 

About Ambrian Capital PLC

 

Ambrian Capital plc (AIM: AMBR) is a natural resources investment bank active in Commodities, Corporate Finance & Equities and Principal Investments.

 

Ambrian Metals Limitedis an independent physical metals supplier with a particular strength in refined copper. Through Ambrian Metals' offices in London and Shanghai and agents in New York, Santiago, São Paulo, Seoul and Tokyo, it sources non-ferrous metals from producers for distribution to an international client base of metals consumers and merchants.

 

Ambrian Energy Limitedis a physical energy trading company focused on the supply of biofuels, crude oil and fuel oil.  Ambrian Energy deploys agents in Turkey, Azerbaijan, the Middle East, South Africa, USA, Korea and Australia/New Zealand.  Ambrian Energy is the founder and manager of Strategic Energy Assurance Limited, a company focused on the needs of governments' strategic petroleum reserves.

 

Ambrian Partners Limited is known in the market for its leading positions in the metals & mining and oil & gas sectors.  It provides corporate finance advice, equity research, sales and trading and market making services.  Ambrian Partners is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority.

 

Ambrian Principal Investments Limited is an investment company which holds the Group's principal investment portfolio.  It is managed by Ambrian Asset Management Limited, which is authorised and regulated by the Financial Services Authority.

 

 

About RFC Group

 

Established in 1985, RFC is an independent Australian financial advisory group that has become a trusted partner for a broad range of clients across a range of resource-based industries.  For over 25 years, RFC has been providing professional guidance and transaction excellence to its clients in the mining, minerals and energy industries, boasting a global network of industry contacts and a successful track record of achievement through specialist financial and technical expertise.

 

 

 


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