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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TG21 Plc (TGP)

  Print      Mail a friend       Annual reports

Tuesday 23 May, 2006

TG21 Plc

AGM Statement

TG21 Plc
23 May 2006


TG21 plc ('the Group')

AGM trading update, business developments and outlook



Trading Update


At this morning's AGM, the Group intend to make the following statement.


Group sales for the first quarter of 2006 were ahead of expectation. Much of
this increased turnover, however, came from the distribution of low margin
portable satellite navigation systems. If the current sales trend continues to
the year end, total budgeted gross profit will be under pressure. Consequently,
we have instigated an overhead reduction program in certain targeted areas in
the second quarter.


This experience reflects the level of dependence of the legacy elements of our
business on the distribution and installation of in-car entertainment and
security products. Our strategy is to move into new growth markets, such as
public transport CCTV and other areas, where we can add value through the
provision of call centre and engineering logistics services.


A number of opportunities in these higher value areas, along with our healthy
cash flow, have led the Board to conclude that the Group needs to implement a
controlled investment program totalling around £0.5m to exploit these growth
opportunities in a timely and effective manner. This will involve the
recruitment and training of more engineers to service the new Pay As You Drive
initiative from motor insurers, investment in PDA technology for our engineering
workforce to streamline our systems and the manufacture, trial and marketing of
our new Revenue-Manager and Eco-Manager products, along with the recruitment of
sales and senior personnel to drive the growth opportunities forward.


Business Developments


We have announced today that our 75% subsidiary, 21st Century CPS Ltd, has
signed a contract with Biodata Limited for the exclusive rights to their people
counting system, when interfaced with public transport vehicle systems.
Passenger counting forms a key element of the 21st Century's Revenue-Manager
on-board CCTV product. Biodata are also developing an interface to our
Eco-Manager product which is aimed at reducing fuel and maintenance costs for
bus operators. A major public transport company has already agreed to run trials
of both Revenue-Manager and Eco-Manager on 54 of its buses.


In my last Chairman's Statement I highlighted the opportunity for us to provide
installation services under the new Pay As You Drive ('PAYD') initiatives which
a number of insurance companies are introducing. We have been appointed as an
installation contractor under Norwich Union's PAYD scheme and contract
negotiations for this project are in their final stages.


Outlook


By continued tight working capital management, cash flow remains strong with
current headroom of over £2.5m on our bank facilities, consequently the
expenditure plans outlined above will be accommodated comfortably within our
existing financing arrangements. We believe that making the investment this year
will underpin enduring value for the Group in future years.


Peter Ward

Chairman


Ends


For enquiries please contact:


Peter Ward

Chairman

or

Wilson Jennings

Finance Director


020 8710 4000



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