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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Gresham Computing (GHT)

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Tuesday 01 May, 2012

Gresham Computing

Interim Management Statement

RNS Number : 4200C
Gresham Computing PLC
01 May 2012

1 May 2012

Gresham Computing plc
("Gresham" or "the Company")
Interim Management Statement
Period 1 January 2012 to 30 April 2012


Gresham Computing plc, the specialist provider of software based solutions that enable customers to achieve real-time financial certainty in transaction and cash management, reports its Interim Management Statement for the period 1 January 2012 to 30 April 2012.

Highlights for Q1 2012

·      Revenues up 28% in quarter to £3.3m (Q1 2011: £2.5m);

·      Adjusted EBITDA profit £0.5m in quarter (Q1 2011: £0.4m);

·      Profit before tax £0.4m in quarter (Q1 2011: £0.3m);

·      Cash at 31 March 2012 £3.1m (31 March 2011: £3.3m);

·      Confirmed order book and pipeline remains strong; and

·      Management confident about outlook.

Comments on trading and outlook

Revenue for the first quarter of 2012 was up 28% on the prior period, to £3.3m with all the growth coming from Real-Time Financial Solutions, which represents 77% of our total revenues, up from 69% in 2011.  License revenues grew 91% compared to prior period driven by a £0.5m license (50% gross margin) associated with the deployment of our cash and transaction management solution in Asia Pacific, whilst annuity revenues grew 14%.

Adjusted EBITDA for the first three months of 2012 was £0.5m (2011: £0.4m) and profit before tax was £0.4m (2011: £0.3m).  During the quarter, we successfully completed the restructuring of two RTFS divisions, reducing our overall future cost base, allowing redeployment of resources to other areas and increasing focus.

We are making excellent progress with the development of Clareti Transaction Control and expect to report further progress with that product in 2012.  I am pleased to report that, just nine months from July 2011 signature, the Clareti Virtual Bank Accounts and Clareti Transaction Control solutions for a major Asia Pacific bank went live on time and to budget. The migration of existing customers to the new platform is going to plan and we are working to on-board new target customers.

In the period, we went live with a major Clareti Banking and Clareti Lending customer in the Caribbean, adding to annuity revenues going forward.

In our Software Storage business, our latest, powerful EDT v10 software, which now supports nearly all types of physical and virtual tape, allowed us to expand our license footprint at a major US telecommunications company, delivering an 8x reduction in administration and configuration time.

Our financial position, confirmed order book and pipeline remain strong and we are confident about our outlook for 2012 and beyond.

Chris Errington, CEO of Gresham, commented:

"We continue to make good progress in building our Real-Time Financial Solutions business.  In the period, we successfully completed the deployment of our cash and transaction management solutions at a major bank, underlining our ability to deliver complex technology projects on time and to budget."

- Ends -

For further information please contact:

Gresham Computing plc
Chris Errington, CEO
Rob Grubb, CFO

+44 (0) 20 7653 0200

Singer Capital Markets Ltd
Shaun Dobson, Partner and Head of Corporate Finance
James Maxwell, Director of Corporate Finance

+44 (0) 20 3205 7500


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