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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Vedanta Resources (VED)

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Monday 02 October, 2006

Vedanta Resources

Acquisition

Vedanta Resources PLC
02 October 2006


 

                                                           Vedanta Resources plc
                                                              16 Berkeley Street
                                                                  London W1J 8DZ
                                                       Tel: +44 (0) 20 7499 5900
                                                       Fax: +44 (0) 20 7491 8440
                                                        www.vedantaresources.com

 

                                                                  2 October 2006
                                                                                

                        VEDANTA RESOURCES PLC ANNOUNCES                         

                  SUCCESSFUL ACQUISITION OF STERLITE GOLD LTD.                  

                             AND EXTENSION OF OFFER                             


Vedanta Resources plc ('Vedanta') announced today that it has been successful in
its bid to acquire Sterlite Gold Ltd. (TSX: SGD) ('Sterlite Gold') under its
offer (the 'Offer') dated August 25, 2006, made through Twin Star International
Limited ('TSI'), an indirect wholly-owned subsidiary of Vedanta, for all of the
outstanding common shares of Sterlite Gold not already owned by TSI or its
affiliates, excluding those common shares held by U.S. shareholders, on the
basis of C$0.258 in cash per common share. As of September 30, 2006, a total of
67,553,844 common shares of Sterlite Gold were deposited under the Offer,
representing approximately 56.64% of the outstanding common shares of Sterlite
Gold (on a fully-diluted basis).

 
All of the conditions to the Offer have been satisfied or waived and TSI has
taken up all of the Sterlite Gold common shares validly deposited and not
validly withdrawn under the Offer. Payment for such common shares will be made
on or before October 4, 2006. After giving effect to the take up of common
shares by TSI under the Offer and together with the common shares already owned
by TSI, Vedanta holds, through TSI, a total of 213,593,502 common shares of
Sterlite Gold, representing approximately 80.51% of the outstanding common
shares of Sterlite Gold (on a fully-diluted basis).


Vedanta is extending its Offer to allow time for the remaining Sterlite Gold
shareholders to tender their common shares to the Offer and to allow time for
the satisfaction of certain applicable United States regulatory requirements in
order to permit Vedanta to extend the Offer to Sterlite Gold shareholders in the
United States. The Offer, as extended, will now expire at 5:00 p.m. (Toronto
time) on October 31, 2006, unless further extended. A notice of extension will
promptly be mailed to those Sterlite Gold shareholders to whom the Offer to
Purchase and Circular was originally sent. Subject to applicable securities
laws, any common shares subsequently validly deposited to the Offer must be
taken-up and paid for by TSI within ten days of the deposit of such common
shares. Vedanta, through TSI, may acquire the remaining Sterlite Gold common
shares not deposited to the Offer by compulsory acquisition or other subsequent
acquisition transaction.


Sterlite Gold shareholders are advised to read the Notice of Extension, the
Offer to Purchase and Circular, the Directors' Circular and related documents
which have been filed with the Canadian securities regulatory authorities as
they contain important information. Shareholders may obtain a copy of the
materials at SEDAR from www.sedar.com.


Further information regarding Vedanta Resources plc or Twin Star International
Limited can be obtained by contacting:

 
Sumanth Cidambi                    sumanth.cidambi@vedanta.co.in      
Associate Director - Investor      Tel: +44 20 7659 4732 / +91 22 6646 1531
Relations                                                         
Vedanta Resources plc                                                 
                                                                      
Faeth Birch                                                           
Robin Walker                                                          
Finsbury                           Tel: +44 20 7251 3801              
                                                                      
 

About Vedanta Resources plc

Vedanta Resources plc is a FTSE 100 diversified metals and mining group. Its
principal operations are located throughout India, with further operations in
Zambia and Australia. The major metals produced are aluminium, copper, zinc and
lead. For further information, please visit www.vedantaresources.com.
 

Disclaimer

The Sterlite Gold Offer is not being, and will not be, made in any jurisdiction
where not permitted by law. This communication shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be, any sale of
securities in any jurisdiction in which the Sterlite Gold Offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.


This press release contains 'forward-looking statements' - that is, statements
related to future, not past, events. In this context, forward-looking statements
often address our expected future business and financial performance, and often
contain words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,'
'seeks,' 'should' or 'will.' This information is based upon certain material
factors and assumptions that were applied in drawing a conclusion or making a
forecast or projection as reflected in the forward-looking statements, including
that the Sterlite Gold Offer will be made to United States shareholders. Since
forward-looking statements are based on assumptions and address future events
and conditions, by their very nature they involve inherent risks and
uncertainties. Actual results relating to, among other things, our financial
condition and prospects, could differ materially from those currently
anticipated in such statements by reason of factors such as the behaviour of
financial and metals markets including the London Metal Exchange, fluctuations
in interest and or exchange rates and metal prices; from future integration of
acquired businesses; and from numerous other matters of national, regional and
global scale, including those of a political, economic, business, competitive or
regulatory nature. This list is not exhaustive of the factors that may affect
any of our forward-looking statements contained in this release. These and other
factors should be considered carefully and readers should not place undue
reliance on our forward-looking statements. We do not undertake to update our
forward-looking statements.




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            The company news service from the London Stock Exchange