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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Ambrian Capital PLC (AMBR)

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Thursday 07 April, 2011

Ambrian Capital PLC

Disposal of Subsidiary

RNS Number : 4637E
Ambrian Capital PLC
07 April 2011






Disposal of Subsidiary


Ambrian Capital plc (AMBR) announces that it has agreed to sell its wholly owned subsidiary, Ambrian Commodities Limited ("ACL"), to INTL FCStone Inc.  ACL is the LME broker-dealer business of Ambrian Capital plc.  This sale follows the decision previously announced in December 2010 to withdraw from the business.


The sale is conditional, inter alia, upon the approval of The Financial Services Authority.  The consideration will be equal to the net asset value of ACL at 31 March 2011 which is approximately £10.3 million (£4.3 million net of a debt of £6.0 million owing by Ambrian Capital to ACL).  This is expected to result in a cash payment to Ambrian Capital of £4.3 million, equivalent to the carrying value of ACL in the Ambrian Group's accounts.  ACL recorded profits before tax of £0.4 million for the year ended 31 December 2010 (unaudited).


Ambrian Capital will apply the consideration arising from this transaction to Ambrian Metals Limited, its physical metals business, and Ambrian Energy, its physical energy trading business.


Commenting on the transaction, Robert Ashley, Chief Executive of Ambrian Capital said:

"This sale to INTL FCStone Inc. provides a timely opportunity for Ambrian to ensure a continuity of service to its clients and certainty for staff."





Ambrian Capital plc

Lawrence Banks, Chairman

Rob Ashley, Chief Executive 

+ 44 (0)20 7634 4700

Macquarie Capital (Europe) Limited

Simon Law

+ 44 (0)20 3037 5237

Nicholas Harland

+ 44 (0)20 3037 2369

M: Communications

Charlotte Kirkham

+ 44 (0)20 7920 2331

Ann-Marie Wilkinson

+ 44 (0)20 7920 2343



Notes to Editors:



Ambrian Capital plc (AIM: AMBR) is a natural resources investment bank active in Commodities, Corporate Finance & Equities and Principal Investments.


Corporate Finance & Equities

Ambrian Partners Limited is known in the market for its leading positions in the metals & mining, oil & gas and cleantech sectors.  It provides corporate finance advice, equity research, sales and trading and market making services.  Ambrian Partners is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority.



Ambrian Metals Limitedis an independent physical metals supplier with a particular strength in refined copper. Through Ambrian Metals' offices in London and Shanghai and agents in New York, Santiago, São Paulo, Seoul and Tokyo, it sources non-ferrous metals from producers for distribution to an international client base of metals consumers and merchants.


Ambrian Energy Limitedis a physical energy trading company focused on the supply of biofuels, crude oil and fuel oil.  Ambrian Energy deploys agents in Turkey, Azerbaijan, the Middle East, South Africa, USA, Korea and Australia/New Zealand.  Ambrian Energy is the founder and manager of Strategic Energy Assurance Limited, a company focused on the needs of governments' strategic petroleum reserves.


Principal Investments

Ambrian Principal Investments Limited is an investment company which holds the Group's principal investment portfolio.  It is managed by Ambrian Asset Management Limited, which is authorised and regulated by the Financial Services Authority.


Further information on Ambrian is available on the Company's website:

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

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