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.

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We store and use information you provide as follows:

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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.


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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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Monday 16 July, 2001

iShares PLC

Restructure Proposals

iShares PLC
14 July 2001

iShares public limited company

Amendments to benchmark index, fund name, base currency and price per share 
Following the successful launch of the iFTSE ExUK fund (the 'Fund') in
December 2000, the directors of iShares plc (the 'Directors') wish to inform
investors of the following proposed changes relating to the Fund, subject to
regulatory approval by the Central Bank of Ireland:

Index change

The Fund, which currently tracks the FTSE ExUK 100 Index, is going to change
its benchmark to track the FTSE Euro 100 Index. The FTSE Euro 100 Index
(based on the previously published FTSE Eurobloc 100 Index) is a more
suitable index that covers only Eurozone countries. The primary changes for
the Fund will be that companies from Denmark, Norway, Sweden and Switzerland
will not be considered for inclusion in the index.

Fund name change

On the same date that the benchmark index change is effected, the Fund will
change its name to the 'iFTSE Euro 100'.

Change of base currency

For administration purposes, the Fund will change its base currency from
sterling to euros. The Fund will track the FTSE Euro 100 Index in euro terms,
although prices for the Fund will ultimately be quoted both in sterling and

Price per share change

When the Fund was launched in December 2000, the price of one share was 1/100
of the index level. The share price has since moved in line with the index
(as it was designed to do) and the price of one share still represents
approximately 1/100 of the index level today - the index level stood at
1,667.22 and the share price was at £16.24 as at 5 July 2001.
The Directors feel this is an important feature for investors as it allows
them to see the fund tracking the index. However, when the benchmark is
changed to the FTSE Euro 100 Index the existing share price will no longer
represent 1/100 of the new index level.
The Directors therefore intend to change the price per share to represent
1/100 of the FTSE Euro 100 Index level in euro terms.
It is anticipated that the FTSE Euro 100 Index level will be lower than the
FTSE ExUK 100 Index level when the index change takes place and that the
price per share will therefore decrease. To compensate for this price per
share decrease the Directors will issue additional shares to all existing
holders (the 'bonus issue'), which will ensure that the value of their
holding in the Fund is unaffected by this change.
The benchmark index and fund name change will take place immediately
following regulatory approval and a date for the bonus issue will be fixed at
that time.