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.

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Polo Resources Ltd (POL)

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Thursday 12 June, 2008

Polo Resources Ltd

Update re GCM Resources Cash

RNS Number : 6215W
Polo Resources Limited
12 June 2008


Polo Resources Limited

Update Re: Statement regarding GCM Resources plc

Polo Resources Limited ("Polo") announces that, further to its announcement on 19 May 2008 regarding a possible cash offer for GCM Resources plc ("GCM") at 175p per share, it has been unable to reach agreement with the Board of GCM on the terms of a recommended bid.

Polo is keen to ensure that its pursuit of other value generating opportunities is not materially impacted by lengthy negotiations which it believes would be necessary to gain the recommendation from the Board of GCM for an agreed offer. Consequently, Polo does not believe that to continue its discussions with GCM is in the best interests of Polo shareholders at the current time. Polo therefore confirms that it is no longer considering making an offer for GCM and as such has terminated discussions with the Board of GCM.

For the purposes of Rule 2.8 and other relevant provisions of The City Code on Takeovers and Mergers ("the Code"), Polo reserves the right to announce an offer or possible offer or make or participate in an offer or possible offer for GCM (including the right to make or announce or participate in an offer or possible offer at any price or on any terms whatsoever including a price that is less than 175 pence ) and/or take any other action which would otherwise be restricted under Rule 2.8 of the Code at any time within the next six months in the event that: 

(i) an agreement or recommendation from the Board of GCM is forthcoming; or 

(ii) there is an announcement by a third party of a possible offer or a firm intention to make an offer for or a merger with GCM or GCM announces that it has received an approach in relation to a possible offer from a third party; or 

(iii) GCM undertakes or announces an intention to undertake any acquisition or disposal of a material amount (where "material amount" is as defined in Note 2 on Rule 21.1 of the Code); or 

(iv) GCM announces a whitewash proposal for the purposes of Rule 9 of the Code or a reverse takeover; or 

(v) there is a material change in circumstances. 

Footnote (1)  During the period ending three months from the date of this announcement, this reservation will not apply to event (i) and would require the consent of the Panel Executive for each of the events listed in (ii) to (v).



Polo Resources Limited
Tel: +27 11 269 4900
Neil Herbert, Deputy

Canaccord Adams
Tel   +44 (0) 207 050 6500
Mark Williams

Financial Dynamics
Tel:  +44 (0) 20 7831 3113
Ben Brewerton
Edward Westropp



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