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”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.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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UK Select Trust Ld (UKT)

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Tuesday 25 May, 2004

UK Select Trust Ld

EGM Statement

UK Select Trust Limited
25 May 2004

                            UK Select Trust Limited
                                  25 May 2004


                                  Announcement
                            UK Select Trust Limited

     Continuation of company and appointment of JM Le Pelley and JG West as
                                   directors.

The Board of UK Select Trust Limited (the 'Company') today announces that it has
  posted a circular to shareholders giving notice of an Extraordinary General
 Meeting to be held at St. Pierre Park Hotel, Rohais, St. Peter Port, Guernsey
                     GY1 1FD on 14 June 2004 at 11.00 a.m.



The Extraordinary General Meeting will consider and, if thought fit, pass
ordinary resolutions for:

(i)    the continuation of the Company;

(ii)   the appointment of Mr. JM Le Pelley as Director; and

(iii)  the appointment of Mr. JG West as Director.


Continuation of Company

The Board has been asked by its largest shareholder to consider a scheme by
which shareholders may be able to realise their investment at Net Asset Value ('
NAV') less liquidation expenses.

This shareholder (representing 28.6% of the Company's present issued share
capital) attended the Company's Annual General Meeting on the 23 April 2004 by
way of corporate representative and voted against the resolutions re-appointing
Mr. JM Le Pelley and Mr. JG West as Directors.  These resolutions were narrowly
defeated and consequently Mr. JM Le Pelley and Mr. JG West were not reappointed
to the Board.

It is the Board's opinion that the largest shareholder's request to realise
their shareholding in the Company at NAV cannot, in practice, be achieved
without the Company being wound-up.  It is the Board's opinion that the
Company's substantial private shareholder base value the existing structure and
the fact that certain shareholders can receive dividends in a tax efficient
manner by way of scrip dividends in lieu of cash.

In light of the largest shareholder's action in voting against the re-election
of two of the Company's five Directors the Board believes that it is necessary
to ask all shareholders to reaffirm the decision made at the time of the tender
offer in May 2002 that the Company should continue in its present form until the
next continuation vote which is due at the annual general meeting in 2007.  The
Board therefore proposes to put a simple continuation vote to Shareholders at
the Extraordinary General Meeting.

If the ordinary resolution for the Company to continue is not passed then the
Board will convene a further meeting of shareholders, within three months of the
date of the Extraordinary General Meeting, to put forward proposals to wind-up
the Company enabling shareholders either to realise their investments in the
Company at NAV less liquidation expenses, or, if the Board after due
consideration thinks it appropriate, to roll over their investments into a
suitable alternative vehicle (or vehicles).

Appointment of Directors

As outlined above, at the Annual General Meeting of the Company Mr. JM Le Pelley
and Mr. JG West were not re-elected to the Board.

The minimum quorum for Board meetings is three Directors.  The Board is
therefore of the opinion that, regardless of the outcome of the continuation
vote, it is necessary to have additional Directors on the Board.  The Board
proposes that Mr. JM Le Pelley and Mr. JG West be elected as Directors at the
Extraordinary General Meeting by way of ordinary resolution.  They are both
familiar with the Company and have been greatly valued by the Board for their
contributions at Board meetings.

The full text of the circular is available for inspection at the UKLA Document
Viewing Facility, 25 The North Colonnade, Canary Wharf, London E14 5HS.
   

Enquiries:

Company:                    Niall Counihan        (Director)                             01481 263595

Company Secretary:          Tina Pasquire         (Orbis Management Limited)             01481 719516

Adviser to the Company:     Andrew Zychowski      (Dresdner Kleinwort Wasserstein)       020 7623 8000


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