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

Volkswagen AG (VKW)

  Print      Mail a friend       Annual reports

Monday 28 April, 2008

Volkswagen AG

Resolution of AGM

Volkswagen AG
28 April 2008


Publication pursuant to Article 30b Section 1 No. 2 WpHG (Securities Trading
Act) of the Disapplication of the Pre-emptive Rights

On April 24, 2008, the Annual General Meeting of Volkswagen Aktiengesellschaft
passed the following resolution:

a)    The Board of Management is authorized, with the consent of the Supervisory
Board, to acquire ordinary shares and/or non-voting preferred shares of
Volkswagen AG on one or more occasions, up to a maximum of 10% of the share
capital, i.e. up to a maximum of 39,660,097shares, via the stock market or by
way of a public purchase offer directed to all shareholders and

    -    to resell them in compliance with the principle of equal treatment of 
         all shareholders, provided that such resale is not performed for the 
         purposes of trading in own shares, or

    -    to list them on stock exchanges outside Germany on which the Company's
         shares have not been traded previously, or

    -    to offer and transfer them in the context of business combinations or 
         in the context of the acquisition of companies or equity interests in 
         companies, or

    -    to utilize them to service bearer bonds with warrants and/or 
         convertible bonds with the exception of stock option plans for the 
         Board of Management and employees, or

    -    to offer them for sale to persons employed by, or having a contract of
         service with, Volkswagen AG or one of its affiliated companies, or

    -    to retire them without a further resolution by the Annual General 

If the share capital is lower at the time of purchase of the shares than
it is at present, the stated number of shares to be purchased would be reduced
correspondingly. At no time may the own shares held by the Company account for
more than 10% of the share capital. Shares may also be acquired, held and
utilized in accordance with the other requirements mentioned in this resolution
by other Group companies and/or by third parties for the account of Volkswagen
AG or for the account of other Group companies. Derivatives, such as options on
shares, may also be used.

This authorization will come into effect on October 20, 2008 and applies
until October 24, 2009.

b)    In the event of acquisition via the stock exchange, the price paid per
share (not including transaction costs) may not exceed or fall short of the
price of the ordinary shares or preferred shares traded in XETRA (or a
comparable successor system) calculated in the opening auction on the trading
day by more than 5%.

c)    In the event of a public purchase offer to all shareholders, the purchase
price offered or the limits of the purchase price range offered per share (not
including transaction costs) may not exceed or fall short of the closing price
of the ordinary or preferred shares in XETRA (or a comparable successor system)
on the trading day prior to the publication of the offer by more than 20%. If
the quoted market price exceeds the purchase price offered following the
publication of a formal offer, the purchase price offered may be adjusted. In
such a case, the price on the last trading day prior to publication of the
adjustment to the offer will apply. The volume of the offer may be limited. If
the offer is oversubscribed, acceptance must be based on a quota system.
Provision may be made for preferential acceptance of minor volumes of up to one
hundred tendered shares per shareholder.

d)    The Board of Management is authorized, with the approval of the
Supervisory Board, to exercise the authorization on one or more occasions. The
price at which the shares of Volkswagen AG may be listed on further stock
exchanges may not fall below the price of the ordinary or preferred shares (not
including transaction costs) in XETRA trading (or a comparable successor system)
calculated at the end of the placement period by more than 5%. The price at
which they are issued to third parties in the context of business combinations
or acquisitions of companies or equity interests in companies may not be more
than 5% below the price of the ordinary or preferred shares (not including
transaction costs) in XETRA trading (or a comparable successor system)
calculated on the day of the agreement with third parties.

e)    Shareholders' pre-emptive rights to own shares of the Company shall be
disapplied if the shares are listed on stock exchanges outside Germany, offered
or transferred to third parties in the context of business combinations or in
the context of the acquisition of companies or equity interests in companies,
utilized to service bearer bonds with warrants and/or convertible bonds, or
offered for sale to employees of Group companies.


38436 Wolfsburg, Germany

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