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.

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Fleming Overseas Inv (JMO)

  Print      Mail a friend       Annual reports

Wednesday 06 September, 2000

Fleming Overseas Inv

Final Results

Fleming Overseas Inv Trust PLC
6 September 2000

              
                           
       THE FLEMING OVERSEAS INVESTMENT TRUST PLC


The   Fleming  Overseas  Investment  Trust  plc   today
announced its results for the year ended 30 June 2000.

The net asset value per ordinary share rose by 27% over
the year compared with the 17.3% recorded by the FT/S&P
Actuaries  World  (ex  UK)  Index  (capital  only)   in
sterling terms, the Company's performance benchmark.

Change in Accounting Policy and Dividend.

The   Board   has  decided  to  change  the   Company's
accounting   policy  by  charging  50%  of   management
expenses  and interest to capital instead  of  revenue.
On this new basis, earnings per share were 4.5p against
a  restated  4.8p  for  the  previous  year  but  2.13p
actually declared.

The  Directors  have proposed, subject  to  shareholder
approval  at  the  Annual  General  Meeting,  a   final
dividend  of  3.60p per ordinary  share,  (last  year
2.45p) such dividend to be paid on 27 November 2000  to
shareholders  on the register of members  at  close  of
business on 27 October 2000.

The  Annual Report and Accounts for the year to 30 June
2000  will be sent to shareholders on 25 September 2000
at  the  latest  and copies will be  available  to  the
public  at  the  registered  office,  10  Aldermanbury,
London, EC2R 7RF after that date.

The Annual General Meeting will be held on Wednesday 25
October  2000 at 12.00 noon at 10 Aldermanbury, London,
EC2R 7RF.

For further information, please contact:

Linda Field
Peter Harrison
Fleming Overseas Investment Trust plc   020 7638 5858
                           
                           
      THE FLEMING OVERSEAS INVESTMENT TRUST PLC
  UNAUDITED FIGURES FOR THE  YEAR ENDED 30 JUNE 2000
                           
                           
                                        2000       1999
                                              (Restated)
                                       £'000      £'000

REVENUE

Income

     Franked dividends                    795      591
     UK Unfranked dividends             1,259    2,707
     Overseas dividends                 8,099    8,616
     Overseas interest                      -       62
     Scrip dividends                        -       38
     Deposit interest                     719    1,765
     Stock lending fees (net)              72       65
     Other income                       1,899        -
                                        _____    _____
Gross Revenue                          12,843   13,844

Less Management fee
     (50% charged to capital)           1,615    1,513
     Other administrative expenses        887      436
     Interest payable
     (50% charged to capital)           3,216    3,222
                                       ______    _____
Return before taxation                  7,125    8,673

Less Taxation                           2,342    2,405
                                        _____    _____

Return after taxation                   4,783    6,268
Less Dividends on preferred shares          -       13
                                        _____    _____
Return available to
ordinary shareholders                   4,783    6,255
                                         ====     ====

Dividend per ordinary share             3.60p    2.45p



                                         2000     1999

                                        £'000    £'000

CAPITAL

     Movements on investments         150,257  115,414
     Less: Expenses charged to Capital  7,591    4,733
                                        _____    _____
Return before taxation                142,666  110,681

     Taxation                           1,503    1,251
                                        _____    _____
Return attributable to
ordinary shareholders                 144,169  111,932
                                      =======   ======

Revenue return per
ordinary share (Restated)              4.50 p   4.81 p
Capital return per ordinary share    135.73 p  86.02 p
Total return per ordinary share      140.23 p  90.83 p


At 30 June 2000

Total net assets (£'000)              690,268  645,371
Net Asset Value per Ordinary Share     725.8p   571.4p


       THE FLEMING OVERSEAS INVESTMENT TRUST PLC
   UNAUDITED FIGURES FOR THE YEAR ENDED 30 JUNE 2000
                           
                           
CASH FLOW STATEMENT
                                        2000      1999

                                       £'000     £'000

Net cash inflow from operating activities
                                        7,318    8,419

Net cash outflow from returns on
investments and servicing of finance   (6,384)  (6,408)

Total tax recovered                     1,587      580

Net cash inflow from capital expenditure
and financial investment               75,094   107,975

Total equity dividends paid on
ordinary shares                        (2,742)  (3,985)

Net cash outflow from financing      (100,719) (93,741)
                                        _____    _____
(Decrease)/Increase in cash for the year
                                      (25,846)  12,840
                                       ======   ======



The  above  financial information does  not  constitute
statutory  accounts as defined in Section  240  of  the
Companies   Act   1985.    The  comparative   financial
information is based on the statutory accounts for  the
year  ended 30th June 1999. These accounts, upon  which
the  auditors issued an unqualified opinion, have  been
delivered to the Registrar of Companies.


FLEMING INVESTMENT TRUST MANAGEMENT LIMITED