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
  Print      Mail a friend       More announcements

Tuesday 20 February, 2007

Warner Music Group

Statement re Possible Offer

Warner Music Group Corp
20 February 2007


                                   GROUP PLC

NEW YORK, February 20, 2007 - Warner Music Group Corp. (NYSE: WMG) confirmed
today, in response to EMI Group plc's ('EMI') announcement of earlier today,
that it has approached EMI about a possible acquisition of the entire equity of

WMG approached EMI on January 24, 2007, following WMG having obtained the
agreement of the Independent Music Publishers and Labels Association ('IMPALA')
to provide full and complete support for the acquisition of EMI by WMG before
the European Commission and other relevant regulatory authorities in light of
commitments to enhance competition and market access.  If WMG were to make an
offer for EMI within the meaning of the U.K. Takeover Code, WMG has agreed with
IMPALA, subject to the closing of such an offer, to implement certain measures

*   providing specified funding for (but taking no equity participation
in) the recently announced Merlin initiative, the new global digital rights
licensing platform established by the independent music labels to represent the
world's independent music sector;

*   ensuring the divestiture of certain recorded music assets to
reinforce the market power of the independent sector; and

*   pursuing various other behavioral commitments which have the aim of
benefiting the recorded music market as a whole and, in particular, the
independent music sector.

WMG believes that the agreement reached with IMPALA and the measures envisaged
under it, by setting a new framework for the relationship between a combined WMG
and EMI and the independent music sector, which is designed to enhance
competition across the industry, improves the prospects for regulatory approval
of a combination of WMG and EMI.  The agreement between WMG and IMPALA does not
require IMPALA to change its position in relation to any other pending
regulatory and legal proceedings.  IMPALA will maintain its position that the
Sony/BMG and Universal/BMG transactions continue to raise competition issues
unless suitable remedies are offered.

WMG believes that there is a compelling strategic, commercial and financial
logic in a combination of the two companies and that such a combination should
maximize benefits for the shareholders of both companies.

WMG's approach to EMI, however, remains in the preliminary stages and there can
be no certainty that the discussions will result in any specific transaction.

About Warner Music Group

Warner Music Group (WMG) became the only stand-alone music company to be
publicly traded in the United States in May 2005. With its broad roster of new
stars and legendary artists, WMG is home to a collection of the best-known
record labels in the music industry including Asylum, Atlantic, Bad Boy,
Cordless, East West, Elektra, Lava, Maverick, Nonesuch, Reprise, Rhino,
Rykodisc, Sire, Warner Bros. and Word. Warner Music International, a leading
company in national and international repertoire operates through numerous
international affiliates and licensees in more than 50 countries. Warner Music
Group also includes Warner/Chappell Music, one of the world's leading music


IMPALA was established in April 2000 as a non-profit making organization with
the purpose of ensuring assistance and fair market access to independent record
companies and music publishers.

IMPALA has an all-independent membership which represents the interests of the
independent music sector.  IMPALA members include main independent companies
such as Beggars Group (UK), !K7 (Germany), Epitaph (US/NL), Naive (France), PIAS
Group (Belgium), Wagram (France), as well as national trade associations from
the UK (AIM), France (UPFI), Germany (VUT), Spain (UFI), Italy (PMI),  Denmark
(DUP), Norway (FONO), Israel (PIL) and Sweden (SOM) and the Catalonian
association APECAT.


Media Contact:

Will Tanous
Warner Music Group
(212) 275-2244

Hugh Morrison
M: Communications
+44 (0) 20 7153 1534

Investor Contact:

Jill Krutick
Warner Music Group
(212) 275-4790

This announcement does not amount to a firm intention to make an offer within
the meaning of the UK Takeover Code.  Accordingly, there can be no certainty
that any offer will be made.

This announcement does not constitute an offer or an invitation to purchase any
securities in any jurisdiction.

The Directors of Warner Music Group Corp. accept responsibility for the
information contained in this announcement. To the best of the knowledge and
belief of the Directors (who have taken all reasonable care to ensure that such
is the case), the information contained in this announcement is in accordance
with the facts and does not omit anything likely to affect the import of such

'Safe Harbor' Statement under Private Securities Litigation Reform Act of 1995:
This communication includes forward-looking statements that reflect the current
views of Warner Music Group about future events and financial performance.
Words such as 'estimates,' 'expects,' 'anticipates,' 'projects,' 'plans,'
'intends,' 'believes,' 'forecasts' and variations of such words or similar
expressions that predict or indicate future events or trends, or that do not
relate to historical matters, identify forward-looking statements.  Our
expectations, beliefs and projections are expressed in good faith and we believe
there is a reasonable basis for them.  However, there can be no assurance that
management's expectations, beliefs and projections will result or be achieved.
Investors should not rely on forward-looking statements, including, but not
limited to, statements regarding the anticipated benefits from or completion of
a transaction combining the businesses of Warner Music Group and EMI or the
value to be realized by shareholders from such a combination, because they are
subject to a variety of risks, uncertainties, and other factors that could cause
actual results to differ materially from our expectations.  Please refer to our
Form 10-K, Form 10-Q and other filings with the Securities and Exchange
Commission concerning other factors that could cause actual results to differ
materially from those described in our forward looking statements.

A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at

'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option in
respect of or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the
Takeover Panel's website.

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