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.

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Thursday 23 June, 2005

Pentland Group PLC

Offer Update

Pentland Group PLC
23 June 2005

Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan

23 June 2005

                                   CASH OFFER
                         BY GOLDMAN SACHS INTERNATIONAL
                          FOR THE JOHN DAVID GROUP PLC


Manchester Square Enterprises Limited ('Manchester'), a wholly owned subsidiary
of Pentland Group Plc, announces that its cash offer (the 'Offer') to acquire
the ordinary share capital of The John David Group Plc ('JD'), as set out in the
Offer Document dated 11 May 2005, closed at 3 p.m. on 22 June 2005 and no
further acceptances received after this time will be valid. Manchester also
announces that its offer to JD Share Option Holders entitling them to exercise
their JD Share Options to buy JD shares and then accept the Offer, as set out in
the letter to JD Share Option Holders dated 1 June 2005, closed at 3 p.m. on 22
June 2005 and no further acceptances of the Offer by them received after this
time will be valid.

As at 3 p.m. on 22 June 2005 valid acceptances of the Offer had been received in
respect of a total of 21,912,506 JD Shares, representing approximately 45.8 per
cent. of the current issued share capital of JD.

Prior to making the Offer, Manchester held 5,405,406 JD Shares. In addition,
Manchester received irrevocable undertakings to accept (or procure acceptance
of) the Offer from John Wardle, David Makin and their related trusts (who are
acting in concert with Manchester under the provisions of the City Code) in
respect of 21,127,939 JD Shares in aggregate, representing approximately 45 per
cent. of the existing issued share capital of JD. Valid acceptances have been
received in respect of all the JD Shares subject to these undertakings and these
are included in the acceptance level reported above.

Accordingly, as at 3 p.m. 22nd June 2005, Manchester either held or had received
valid acceptances in respect of a total of 27,317,912 JD Shares, representing
approximately 57.1 per cent. of the voting rights normally exercisable at a
general meeting of JD.

Save for the irrevocable undertakings referred to above, neither Manchester nor
any person acting in concert with Manchester held any JD Shares (or rights over
JD Shares) prior to the commencement of the Offer Period, save that Manchester
had a beneficial interest in 5,405,406 JD Shares and neither Manchester nor any
person acting in concert with Manchester has acquired or agreed to acquire JD
Shares during the Offer Period.

Terms defined in the Offer Document dated 11 May 2005 have the same meanings
when used herein unless the context requires otherwise.

                                    - Ends -


Hogarth Partnership Limited (for Manchester)        020 7357 9477

John Olsen
Georgina Briscoe

Goldman Sachs International                         020 7774 1000

Guy Slimmon
Daniel Yealland

Manchester Square Enterprises Limited               020 7535 3800

Tim Hockings
Barry Mosheim

Goldman Sachs International is authorised and regulated by the Financial
Services Authority in respect of regulated activities. Goldman Sachs
International is acting exclusively for the Pentland Group and no one else in
connection with the Offer and will not be responsible to anyone other than the
Pentland Group for providing the protections afforded to clients of Goldman
Sachs International or for providing advice in relation to the Offer.

The availability of the Offer to persons not resident in the UK may be affected
by the laws of the relevant jurisdiction in which they are resident. Persons who
are not resident in the UK should obtain advice and observe any applicable
requirements. The Offer is not being made, directly or indirectly, in or into
the United States, Canada, Australia or Japan, or by use of the mails, or by any
means or instrumentality (including, without limitation, facsimile transmission,
electronic mail, telex or telephone) of interstate or foreign commerce, or by
any facility of a national securities exchange, of the United States, Canada,
Australia or Japan, and the Offer will not be capable of acceptance by any such
use, means, instrumentality or facility from or within the United States,
Canada, Australia or Japan. Accordingly, copies of the Offer Document and the
Form of Acceptance are not being, and must not be, mailed or otherwise
distributed or sent in, into or from the United States, Canada, Australia or
Japan and persons receiving such documents (including custodians, nominees and
trustees) must not distribute or send them in, into or from the United States,
Canada, Australia or Japan as so doing will make invalid any purported
acceptance of the Offer by persons in any such jurisdiction.

This announcement does not constitute an offer or invitation to purchase any

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