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

Computer Software (CSW)

  Print      Mail a friend

Thursday 01 April, 2004

Computer Software


Computer Software Group PLC
01 April 2004

                          COMPUTER SOFTWARE GROUP plc
   Acquisition of JBs COMPUTER SERVICES Limited and APPOINTMENT OF directors

The Board of Computer Software Group plc ("CSG" ot the "Company") is pleased to
announce that it has acquired the whole of the issued share capital of JBS
Computer Services Limited ("JBS") for a consideration of £1,886,484 to be
satisfied by £886,484 in cash and the issue of 2,304,148 consideration shares.
Further, following completion of the acquisition the Company has procured the
immediate repayment of £200,000 relating to outstanding loan stock held by
certain of the vendors.

Messrs Colin Wells and Colin Boag of JBS have been appointed as Directors of CSG
following completion of the acquisition. Further details are set out below.

The Company was admitted to trading on AIM in August 2000. Its main activity at
that time was the provision of cross-industry TALENT integrated software
solutions on an IBM iSeries platform. In the period since flotation, CSG has
grown by careful acquisition and the product portfolio now includes Integra, a
membership management system, Wizz, offering e-commerce applications across
multiple platforms and Chorus, providing accounting and business software
solutions on an IBM iSeries platform.

Midlands based JBS was established in 1974 and is a long-standing IBM business
partner servicing the distribution and manufacturing industries with its core
product JOBS. JOBS is a fully integrated, modular and functionally rich software
solution, often deploying Chorus as the integrated back office system.

The acquisition of JBS will consolidate the Group's position as a software
provider for the IBM iSeries platform and the enlarged customer base will
provide opportunities for cross-selling not currently available to the Group.
Common programming capabilities will also generate significant synergies from
sharing and rationalising resources.

The latest audited accounts for JBS, for the year ended 31 December 2002, show a
turnover of £3.3 million, an operating profit before goodwill amortisation of
£158,000 and a net profit for the year of £28,000.

The Company has entered into share purchase agreements with the Vendors to
acquire the whole of the issued share capital of JBS. The consideration for the
acquisition was satisfied in full on completion by the issue, credited as fully
paid, of the consideration shares, comprising 2,304,148 ordinary shares,
together with an aggregate cash payment of £886,484. In addition, immediately
following Completion the Company procured the repayment, by JBS, of £200,000
relating to outstanding loan stock interest accrued to Completion on the
£500,000 of loan stock) held by certain of the Vendors.

The issue of the Consideration Shares will result in the Vendors holding 6.7% of
the enlarged issued share capital of the Company.

Application has been made for the admission of the consideration shares to
trading on AIM and dealings are expected to commence on 8 April 2004.

Following the acquisition, Messrs Wells and Boag were appointed directors of

Colin Wells, 54, has worked in the IT industry for 35 years and was Joint
Managing Director of Northern Europe for JBA prior to joining JBS as Chairman.
Mr Wells remains Chairman of JBS division and is responsible for the successful
integration of JBS into the Group.

Colin Boag, 51, previously Managing Director of JBS, has over 20 years
experience of the IT industry. Prior to joining JBS he was European Account
Executive for Ingram Micro Corporation. His role is Managing Director of JBS
division and he is responsible for the overall performance of the division.
Both Directors have signed service contracts with CSG with an initial notice
period of twelve months reducing to six months in September 2004.

Computer Software Group plc       020 8879 3939
Vin Murria / Barbara Firth

Seymour Pierce plc                020 7107 8000
Sarah Wharry / Louise Carpenter

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