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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D1 Oils Plc (NEOS)

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Thursday 31 July, 2008

D1 Oils Plc

Trading Update

RNS Number : 2693A
D1 Oils Plc
31 July 2008
 



Trading Update 

D1 Oils plc ('D1' or 'the Company') issues the following update ahead of the publication of its Interim Results for the half year ended 30 June 2008 which will be announced at the end of September 2008. 

The first half of 2008 has been a period of significant development and change for the business. We have refocused our operations on upstream plant science and planting and have withdrawn from refining and trading activities. The principal focus of the business is now the provision of the technology and services required to turn Jatropha curcas into a sustainable commercial crop for biodiesel production. 

There are two components to D1 Oils: a wholly-owned plant science business, D1 Oils Plant Science Limited ('DOPSL'), and a 50 per cent stake in a joint venture with BP for the global planting and harvesting of jatropha, D1-BP Fuel Crops Limited ('D1-BP Fuel Crops'). DOPSL is the exclusive supplier to D1-BP Fuel Crops, on a cost-plus basis, of selected seedlings and 
related agronomy support and expertise. It will also receive royalty payments related to the yield performance of the crop.

Finances

As previously announced on 9 May 2008, our shareholders approved a placing of ordinary shares at 25 pence per share to realise £14.9 million, net of expenses. Based on the Board's revised business plan, the net funds raised of £14.9 million are expected to allow the Company to remain cash positive through to the end of 2009. Gross cash on hand at 30 June 2008 was £22.2m and net cash was £19.9m. The Company's rate of cash expenditure is in line with the Board's expectations. 

Plant science programme

In the first half of the year we delivered the first significant quantities of our selected 'E1' material, capable of increased oil yields, to D1-BP Fuel Crops for planting. Having demonstrated our ability to produce and multiply this first generic selection, we are now working on the next generation of selections chosen for their ability to perform in different climates and soil types.


D1-BP Fuel Crops

Planting is presently underway in India and will recommence shortly in Africa and Indonesia with the onset of the rains. We expect total planting of jatropha to be approximately 300,000 hectares by 31 December 2008

Older trees planted in 2006 are now beginning to yield grain and we have produced first oil in both Africa and South East Asia. Our forecast for oil production by December 2008 is approximately 
1,000 tonnes. Volumes will increase in 2009 as existing trees mature and younger trees become productive.

Refining and trading 

We are now in the final stages of exiting our refining and trading business in the UK. The closure of the Middlesbrough and Bromborough sites is on track, and good progress is being made in securing offers for the refining equipment, the sites and their associated obligations. The majority of staff at both locations have now left the business, with further reductions in head count to follow. A small number of operational staff will remain at each site to ensure safe operation during the final closure.

Outlook

As a result of rising agricultural prices, particularly for food grains and vegetable oils, we see increasing recognition of the need for alternative, sustainable crops that can use unproductive land to produce raw materials for biofuel. We believe that Jatropha curcas is the most significant new, alternative oilseed crop for biodiesel, and that the prospect of sustained high prices for both mineral oil and vegetable oils offers strong support for DOPSL and D1-BP Fuel Crops


  Enquiries:


D1 Oils plc  


Graham Prince,                                                      020 7367 5600

Director

Corporate Communications                                 07973 323840


Brunswick   

Kevin Byram/Michael Fuchs                                 020 7404 5959



Notes to Editors:

D1 Oils plc is a biofuels technology company. Our strategy is to develop new energy crops into sustainable commercial fuels. We provide technology and services for the breeding, development, planting and harvesting of new varieties of commercial biofuel crops, focusing on alternative, sustainable feedstocks that are not subject to the same price pressures as food-grade crops. We have an established plant science and planting programme for Jatropha curcas, a robust, tropical oilseed bearing tree. Jatropha produces inedible oil feedstock for biodiesel and is able to make use of land not suitable for arable agriculture. D1 has a 50:50 joint venture with BP for the global planting of jatropha. 



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