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.

 Information  X 
Enter a valid email address

Pipex Communications (FFG)

  Print      Mail a friend

Tuesday 11 April, 2006

Pipex Communications

Exercise of Increase Option

Pipex Communications PLC
11 April 2006


11 April 2006

                            PIPEX Communications plc

Exercise of Increase Option in respect of our recent £80 million 3.875 per cent.
                           convertible bonds due 2011

The £20 million increase option granted to Lehman Brothers International
(Europe) in respect of our issue of £80 million 3.875 per cent. convertible
bonds (which were issued on 28 March 2006) has been partially exercised today,
taking the total aggregate principal amount of our 3.875 per cent. convertible
bonds due 2011 outstanding to £91.5 million. The additional bonds sold raised a
further £11.5m in gross proceeds for Pipex.

It is intended that an application will be made for the 3.875 per cent.
convertible bonds to be listed on the Professional Securities Market of the
London Stock Exchange.


PIPEX Communications plc                                           020 7766 6909
Peter Dubens, Chairman
Stewart Porter, CFO

Lehman Brothers International (Europe)                             020 7102 1000
Armin Heuberger
Aurelie Nordlinger


Lehman Brothers International (Europe) may, to the extent permitted by
applicable laws and directives, over-allot and effect transactions with a view
to supporting the market price of the Bonds at a level higher than that which
might otherwise prevail but in doing so Lehman Brothers International (Europe)
shall not act as agent of the Issuer or the Company and any loss resulting from
over-allotment and stabilisation will be borne, and any profit arising from them
shall be retained, by Lehman Brothers International (Europe). Such
stabilisation, if commenced, may be discontinued at any time and shall be in any
event brought to an end after a limited period. There shall be no obligation on
Lehman Brothers International (Europe) to enter into any such transactions.

Lehman Brothers International (Europe) ("Lehman Brothers") of 25 Bank Street,
London E14 5LE, which is authorised and regulated by the Financial Services
Authority, is acting exclusively for the Issuer and the Company and no one else
in connection with the offering of the Bonds (the "Offering") and will not be
responsible to any other person for providing the protections afforded to
clients of Lehman Brothers, or for providing advice in relation to the Offering,
the contents of this announcement or any matters referred to herein.

Any offer will be made by means of an institutional offer. The Offering and the
distribution of this announcement and other information in connection with the
Offering in certain jurisdictions may be restricted by law and persons into
whose possession any document or other information referred to herein comes
should inform themselves about and observe any such restrictions. Any failure to
comply with these restrictions may constitute a violation of the securities laws
of any such jurisdiction.

This announcement is directed at (a) persons who have professional experience in
matters relating to investments who fall within Article 19(1) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 or (b) persons to
whom it may otherwise lawfully be communicated (together "relevant persons").
The Bonds are available only to, and any invitation, offer or agreement to
subscribe, purchase or otherwise acquire such Bonds will be available only to or
will be engaged in only with, relevant persons. Any person who is not a relevant
person should not act or rely on this announcement or any of its contents.
Persons distributing this announcement must satisfy themselves that it is lawful
to do so.

In addition, if and to the extent that this announcement is communicated in, or
any offer of the securities to which it relates is made in, any EEA member state
that has implemented Directive 2003/71/EC (together with any applicable
implementing measures in any member state, the "Prospectus Directive"), this
announcement and the offer are only addressed to and directed at persons in that
member state who are qualified investors within the meaning of the Prospectus
Directive (or who are other persons to whom the offer may lawfully be addressed)
and must not be acted on or relied on by other persons in that member state.

This announcement does not constitute or form part of an offer to sell, or the
solicitation of an offer to subscribe for, any securities in the Issuer or the
Company to any person in the United States or in any jurisdiction to whom or in
which such offer or solicitation is unlawful.  Neither this announcement nor any
copy of it may be taken, sent or transmitted into or transmitted within the
United States or any of its territories or possessions.  Neither the Bonds nor
the ordinary shares issuable on conversion of the Bonds have been or will be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), or under the securities laws or with any securities regulatory authority
of any state or other jurisdiction of the United States or of any province or
territory of Australia, Canada or Japan. The Bonds are being placed and sold
only outside the United States to non-U.S. persons in off-shore transactions in
reliance on Regulation S under the Securities Act. Neither the Bonds nor the
shares issuable on conversion of the Bonds may be offered or sold within the
United States or to, or for the account or benefit of, U.S. persons (as such
term is defined in Regulation S under the Securities Act) except in accordance
with Regulation S under the Securities Act or pursuant to another exemption from
the registration requirements of the Securities Act.

The distribution of this announcement in other jurisdictions may be restricted
by law and persons into whose possession this announcement comes should inform
themselves about, and observe, any such restrictions. The price of securities
may go up as well as down. Past performance cannot be relied upon as a guide to
future performance. Persons needing advice should contact a professional

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

a d v e r t i s e m e n t