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”).


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.


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.


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.


We store and use information you provide as follows:

  • to present content effectively;
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  • to enable you to participate in interactive features of our service, when you choose to do so;
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  • 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.


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.


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.


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.


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.


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

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Prism Rail PLC (PIM)

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Monday 21 August, 2000

Prism Rail PLC

Unconditional Offer for Prism

Prism Rail PLC
21 August 2000

                          CANADA, AUSTRALIA OR JAPAN                          

                                                               21 August 2000
               NATIONAL EXPRESS GROUP PLC ('NATIONAL EXPRESS')                
                    OFFER UNCONDITIONAL AS TO ACCEPTANCES                     

National  Express  announces that, as at 3.00pm on 18 August 2000, valid
acceptances of the Offer which are complete in all respects had been received
in respect of 23,500,772 Prism Rail Shares (representing approximately 90.8
per cent. of the issued share capital of Prism Rail). The Offer is therefore
unconditional as to acceptances.

The Offer remains conditional upon, inter alia, clearance from the Director
General of Fair Trading and the sSRA and the admission of the New National
Express Shares to the Official List of the UK Listing Authority.

The directors and Other Founder Shareholders of Prism Rail (and certain
connected  persons and related trusts) irrevocably undertook to accept the
Offer in respect of 5,671,112 Prism Rail Shares representing approximately
21.9 per cent. of the issued share capital of Prism Rail.

In addition, UBS Asset Management Limited, Aberforth Partners and Aberforth
Unit Trust Managers Ltd. irrevocably undertook to accept the Offer in respect
of 3,244,187 Prism Rail Shares representing approximately 12.5 per cent. of
the issued share capital of Prism Rail.

These acceptances are included in the acceptances referred to above.

Save as set out above neither National Express, nor any of the directors of
National Express, nor so far as National Express is aware any party acting in
concert with National Express, owned any Prism Rail Shares or rights over
Prism Rail Shares prior to the Offer Period nor have they acquired or agreed
to  acquire any Prism Rail Shares or rights over Prism Rail Shares during the
Offer Period, other than by way of acceptances of the Offer.

The Offer and the Mix and Match Election will remain open for acceptance
until further notice. Prism Rail Shareholders who wish to accept the Offer
but have not already so done should return their completed Form of Acceptance.

On 26 July 2000, the Merger Notice under Section 75A of the Fair Trading Act
1973 (the 'Act') was submitted to the Director General of Fair Trading.  In
accordance  with  Section 75B(3) of the Act, the period for consideration of
this Notice has been extended by a further period of 15 working days and will
therefore now expire on 13 September 2000.

Terms defined in the Offer Document have the same meaning in this press
release unless the context requires otherwise.

William Rollason, Finance Director
Helen McCorry, Communications Manager

Telephone:  020 7529 2000

Mark Preston, Managing Director

Telephone:  020 7628 1000

Steve Jacobs
Nicola Marsden

Telephone:  020 7831 3113

Merrill Lynch, which is regulated in the United Kingdom by The Securities and
Futures Authority Limited, is acting exclusively for National Express and no
one else in connection with the Offer and will not be responsible to anyone
other than National Express for providing the protections afforded to
customers of Merrill Lynch or for giving advice in relation to the Offer.

The Offer will not be made, directly or indirectly, in or into, by use of the
mails or any means of instrumentality (including, without limitation,
facsimile transmissions, telex or telephone) of interstate or foreign commerce
of, or any facilities of a securities exchange of, the United States nor is it
being made in or into Canada, Australia, or Japan and the Offer will not be
capable of acceptance by any such use, means, instrumentality or facilities or
from or within the United States, Canada, Australia or Japan. Accordingly,
copies of the press announcement are not being, and must not be, mailed or
otherwise distributed or sent in or into or from the United States, Canada, 
Australia or Japan and persons receiving the press announcement (including
custodians, nominees and trustees) must not distribute or send it in, into or
from the United States, Canada, Australia or Japan.


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