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:

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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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Union Resources Ltd (URL)

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Tuesday 18 March, 2008

Union Resources Ltd

Letter to Shareholders

Union Resources Limited
18 March 2008

                             Union Resources Limited
                        Non-Marketable Parcels of Shares
On 26 June 2007 the Company advised that it had written to all of the Company's
shareholders having less than a 'marketable parcel' (i.e. less than A$500 worth
by market value) of shares in the Company advising that the Company would
exercise its right to sell their shares if they did not either elect to remain a
shareholder or increase their holding to a marketable parcel.

Below is the full text of an update letter sent to shareholders yesterday:

Dear Shareholder

Sale of Small Shareholding

As you are aware the Company undertook an exercise last year whereby, as a
result of you holding less than A$500 worth of shares in the Company and not
electing to retain your shareholding, the Company appropriated your shares for
sale. You would have subsequently received a holding statement showing a 'nil'
holding balance as a consequence. Technically you remain a shareholder of the
Company until such time as the shares are sold, however you cannot deal in the
shares as they are under the Company's control. The exercise has been carried
out in accordance with the Company's constitution and applicable law.

It is the Company's stated intention to sell your shares and account to you for
the proceeds. Your shares were appropriated by the Company in August 2007. The
Company's Board took the decision at that time to hold off from selling the
shares of all affected shareholders in the hope that the Company's market share
price would increase, thereby ensuring a higher return to affected shareholders.
Unfortunately this has not occurred to date, due in part to the failure, despite
the Company's best endeavours, to obtain a favourable outcome in the ongoing
dispute over the Mehdiabad Project in which the Company is involved in Iran, and
possibly also due to weaker market sentiment in general.

The Company is aware that it would benefit some affected shareholders if their
shares were to be sold this financial year, enabling them to secure a capital
loss which would assist their tax position.

The Company's Board has taken the decision that it will continue to endeavour to
obtain a better sale price for shareholders than the Company's current market
share price, but in any event will sell the shares by no later that 30 June of
this year. The Company's Board regrets the delay taken to date in selling your
shares and accounting to you for the proceeds, but wishes to assure you that it
has been done with your best interests in mind.

Yours Faithfully


Enquires to:

Australia: Union Resources Limited
Dr Frank Reid - Managing Director
Phone: +61 07 3833 3833

London: Hanson Westhouse Limited
Bill Staple or Martin Davison
0207 7601 6100

Bankside Consultants
Simon Rothschild / Louise Mason
0207 367 8888

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

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