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

Anglo American PLC (AAL)

  Print      Mail a friend       Annual reports

Monday 27 September, 1999

Anglo American PLC

Disposal of Interest, etc.

27 September 1999

* Proposed unbundling by Beverage and Consumer Industry Holdings Limited
('Bevcon') of its entire shareholding in South African Breweries plc ('SAB').

* Proposed sale of 10% of the issued share capital of SAB by Bevcon's three
largest shareholders, Liberty Life Association of Africa Ltd ('Liberty
Life'), Johnnies Industrial Corporation Limited ('Johnnic') and Anglo
American Corporation of South African Ltd ('AAC', a member of the Anglo
American plc Group) - 'the Disposal'.


The sale of 14 393 208 SAB shares by Anglo American Corporation of South
African Ltd ('AAC'), following the unbundling of Bevcon, represents a further
important step towards the disposal of non-core assets by AAC.

Bevcon has announced an unbundling of its entire shareholding in SAB, subject
to shareholder and regulatory approvals.  The unbundling will distribute
26.6% of SAB to Bevcon shareholders and thereby unlock value for Bevcon
shareholders.  As a result of the unbundling, AAC's entitlement will be 31
934 213 SAB shares.

On implementation of the unbundling, SAB will, subject to SAB shareholder
approval, procure the acquisition from Liberty Life, Johnnic and AAC of 77
368 338 SAB shares, in terms of the Disposal (mentioned above).

AAC's pro rata share of SAB shares sold in terms of the Disposal is 14 393
208, the sale of which is a further important step towards the disposal of
non-core assets by AAC.  The sale price of the SAB shares in terms of the
Disposal is an initial R44.05 per share realising R634 million for AAC.
Subsequent utilisation of these shares by SAB within 18 months at a price
higher that R44.05 per share will result in further payment equal to 50% of
the difference between R44.05 and the average price at which those shares are
utilised, provided that the total consideration received by AAC will not
exceed R50 per SAB share. To the extent that the shares are not utilised
after a period of 18 months, a further payment will be made in respect of
those shares held, calculated as an amount equal to 50% of the difference
between R44.05 and the 30-day weighted average price for the end of the
period, again subject to a total price of R50 per share.

Following the Disposal, AAC will continue to hold 17 541 004 SAB shares, or
2.3% of SAB.  Together with Liberty Life and Johnnic, AAC has agreed that any
further disposals of SAB shares prior to 30 September 2000 will be done in
such a manner as is necessary to maintain an orderly market in SAB shares.

In commenting on these proposals, Mike King, Deputy Chairman of Anglo
American plc said: 'There is no current intention to sell further SAB shares
at current market prices.  We believe that the disposal and orderly marketing
arrangements are in the best interests of all SAB shareholders'.

For further information, please refer to separate announcements released by
SAB, Bevcon, Liberty Life and Johnnic.

Further enquiries:


Nick von Schirnding
Senior Vice President, Investor and Corporate Affairs
+44 171 698 8540

Misha Nagelmackers
Manager, Media and Corporate Affairs
+44 171 698 8567

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