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.

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We store and use information you provide as follows:

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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.

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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.

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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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ID Data Group PLC (IDD)

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Thursday 16 October, 2008

ID Data Group PLC

Possible Administration of Su

RNS Number : 9596F
ID Data Group PLC
16 October 2008

16 October 2008

ID Data Group plc

('ID Data' or the 'Company')

Possible administration of subsidiary

ID Data Group plc (AIM: IDD), the smart card and card solutions group, today announces that its core business unit ID Data Limited has filed at the High Court of Justice notification of its intention to appoint an administrator to protect ID Data Limited from its creditors.

The Company has previously announced that it has been seeking funds from investors and, in parallel, pursuing the possible sale of its operating businesses in order to meet its short term working capital and debt funding requirements.  In the light of current stock  market  conditions  following weeks of economic turmoil, the Company has decided to focus on the sale of its main operating subsidiary, ID Data Limited.

ID Data Limited is a leading force in the provision of banking and government smart card solutions and leads many developments in contactless payments sector and secure financial card delivery.   ID Data Limited operates from modern, leading edge, secure premises in Petersfield,  Hampshire  and is the largest supplier of smart cards to government ID Data Limited has secured a leadin position to gain potentially highly valuable contracts on the launch of  the UK National ID Card program, as it has proven secure card production capability using polycarbonate substrates and the associated personalisation and secure chip skills required.  ID Data also leads the retail loyalty card business in Europe with many large leading brands using its services.

A number of international companies have expressed an interest in acquiring the business of ID Data Limited (interest has also been expressed the acquisition of the Company's Cardbase subsidiary), and the Company believes that the protection from creditors provided by the notification and potentially by the appointment of an administrator will enhance the possibility of an orderly disposal process reaching a successful conclusion. Accordingly, ID Data Limited has  decided to commence the process of appointing an administrator.

As reported previously the Company has made major moves towards profitability and is currently enjoying a good order book while continuing to secure many new and important contracts.

Peter Cox, ID Data's Group CEO and Chairman and CEO of ID Data Limitecommented:

'This action is intended to protect the present and future business of ID Data Limited, and to ensurthat customers are fully served.  I wish to assure our customers, suppliers and staff that we are hopeful of being successful in our delivery of a solution that will see this business prosper and continue to develop, be this under the ID Data Group or new ownership.'

ID Data will announce future developments when appropriate.

Trading in the Company's shares on AIM remains suspended.


For further information, please contact:

ID Data Group plc

Peter Cox, Chief Executive

[email protected] 

Tel: +44 (0) 1730 235700

Smith & Williamson Corporate Finance Limited

Azhic Basirov / David Jones

Tel: +44 (0) 20 7131 4000

Media Enquiries


Chris Lane / Joanne Shears

[email protected]

Tel: +44 (0) 20 7398 7709

About ID Data

ID Data is a fully accredited Visa and MasterCard card producer and card processor with its high security bank card capabilities based in PetersfieldEngland. The Company has won major acclaim for its deliverables in the touch and go payments sector, plus is one of the few 'Multos' issuing partners in the world, where it can develop and deliver multi application technology using the Multos platform.

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

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