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;
  • 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.


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.

 Information  X 
Enter a valid email address

Sopheon PLC (SPE)

  Print      Mail a friend       Annual reports

Wednesday 05 December, 2001

Sopheon PLC

Offer Update

Sopheon PLC
5 December 2001


FOR IMMEDIATE RELEASE                                           5 December 2001

      Merger by way of recommended offer by Sopheon plc ('Sopheon') for

                  Orbital Software Holdings plc ('Orbital')

Compulsory acquisition

On 15 November 2001, Sopheon and Orbital announced that Sopheon's recommended
all share offer for Orbital ('the Offer'), on the terms and subject to the
conditions set out or referred to in the Offer Document dated 22 October 2001,
was unconditional in all respects.

Sopheon has now received valid acceptances of the Offer in respect of more
than 90 per cent. of Orbital Shares to which the Offer relates. Accordingly,
today, Sopheon has issued to Orbital Shareholders who have not yet accepted
the Offer, formal notices under section 429 of the Companies Act 1985 to
acquire compulsorily all those Orbital Shares in respect of which valid
acceptances have not yet been received.

The compulsory acquisition process is expected to be completed on (or shortly
after) 16 January 2002 (being the expiry date of six weeks after the date of
the statutory notice). The Offer will remain open for acceptance until the
compulsory acquisition process has been completed.

Orbital has applied for cancellation of the listing of the Orbital Shares on
the Official List and cancellation of the trading of Orbital Shares on the
London Stock Exchange, such cancellation to take place following the expiry of
a notice period of 20 business days commencing on 15 November 2001. It is
anticipated that such cancellation will take effect on 13 December 2001.

Unless the context otherwise requires, the definitions contained in the Offer
Document dated 22 October 2001 apply in this announcement.


Sopheon plc                           Tel. +44 (0)1483 883 000
Barry Mence
Arif Karimjee

Buchanan Communications               Tel. +44 (0)20 7466 5000
Steve Liebmann

The Sopheon Directors accept responsibility for the information contained in
this announcement. To the best of the knowledge and belief of the Sopheon
Directors (who have taken all reasonable care to ensure that such is the
case), the information contained in this announcement, for which they accept
responsibility, is in accordance with the facts and does not omit anything
likely to affect the import of such information.

This announcement does not constitute an offer or an invitation to acquire or
dispose of shares or securities.

Additional notice to US holders of Orbital securities: The share offer by
Sopheon for Orbital is an offer for the securities of a non-US company. Such
offer is subject to disclosure requirements of the United Kingdom, which are
different from those of the United States. Financial statements included in
the Offer Document  have been prepared in accordance with foreign accounting
standards that may not be comparable to the financial statements of US
companies. It may be difficult for US holders of Orbital Shares to enforce
their rights and any claim they may have arising under the US federal
securities laws, since the issuer is located in a foreign country, and some or
all of its officers and directors may be residents of a foreign country.  US
holders of Orbital Shares may not be able to sue a foreign company or its
officers or directors in a foreign court for violations of the US securities
laws.  It may be difficult to compel a non-US company and its affiliates to
subject themselves to a US court's judgement.

The Offer is not made, directly or indirectly, in or into, or by use of the
mails or any means or instrumentality (including, without limitation, telex,
facsimile transmission, telephone and internet) of interstate or foreign
commerce of, or any facilities of a national securities exchange of, Canada,
Australia, the Republic of Ireland or Japan and the Offer is not be capable of
acceptance by any such use, means, instrumentality or facilities or from
within Canada, Australia, the Republic of Ireland or Japan. Accordingly,
copies of this announcement are not being, and must not be, mailed or
otherwise forwarded, distributed or sent in or into or from Canada, Australia,
the Republic of Ireland or Japan and persons (including, without limitation,
custodians, nominees and trustees) must not mail or otherwise forward,
distribute or send this announcement in or into or from Canada, Australia, the
Republic of Ireland or Japan.