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 [email protected] in the first instance.

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Virtue Broadcasting (WTV)

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Thursday 26 June, 2003

Virtue Broadcasting


Virtue Broadcasting PLC
26 June 2003

Virtue Broadcasting divests UK Media Services division

London, 26 June, 2003: Virtue Broadcasting Plc ('Virtue') today announces that
it has divested its UK Media Services division, one of its subsidiary companies,
Virtue Media Services Limited ('VMS'), to Interoute Communications Limited ('ICL
') for an aggregate consideration of approximately £800,000, in order to focus
on the Corporate Communication market segment and capitalise on its current
market position. ICL has been treated as a related party for the purposes of the
rules of the Alternative Investment Market as it is believed that Interoute
Finance Plc, which owns 13.4% of Virtue, is related to ICL.

VMS contributed a pre-tax loss before exceptional items from continuing
operations of £1,345,000 on turnover of £1,711,000 to the Group's result in the
financial year ended 31 December 2002. At 31 December 2002 VMS had net assets of

The consideration is comprised of cash payable on completion of £600,000 and
adjusted net working capital as at 30 June, which the Board estimate to be
£200,000, payable over a period of six months from completion. Additionally,
Interoute will provide a range of services to Virtue to the value of €168,000
and has contracted to purchase £77,000 of services from Virtue.

Mr. Nicholas English and Mr. Giles English, who will each remain with VMS as
employees and directors until the closure of the transaction, are deemed not to
be independent directors of Virtue in relation to the disposal and as such have
not participated in the Board's consideration of the disposal. The board of
Virtue, other than Mr. Nicholas English and Mr. Giles English, having consulted
Brewin Dolphin Securities, the Company's nominated adviser, believe the terms of
the transaction are fair and reasonable insofar as shareholders are concerned.

Following the disposal, Virtue will be solely focused on the Corporate
Communication market segment, where it has a strong market position. Further
information on the refocus will be included in the Group's preliminary
announcement. The Group's Corporate Services division will consist of two
subsidiaries: Virtue Corporate Services Limited and Virtue Broadcasting Pty Ltd,
operating in the UK and Australia respectively.

The proceeds of the divestment will be used to fund the Group's working capital
requirements over the coming year.


Virtual Broadcasting  - Tel. 0207 785 6000
Neil Ferris, Chairman
James Ormondroyd, Finance Director

Mantra PR Ltd.   - Tel. 0207 072 2319 / 07831 655 630
John Barrington-Carver

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

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