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

Armour Trust PLC (ONEV)

  Print      Mail a friend

Tuesday 11 April, 2000

Armour Trust PLC

£10.5M Disposals to Pennzoil-Quaker State Limited

Armour Trust PLC
11 April 2000

              Armour Trust plc (the 'Company')

   Proposed sale of Airfresh (UK) Limited, Bluecol Brands
   Limited, Bars Motor Products Limited and Nilco Chemical
              Company Limited (the 'Disposal')

Armour Trust plc is pleased to announce that it has entered
into  a  conditional  agreement with Pennzoil-Quaker  State
Limited, a wholly owned subsidiary of Pennzoil-Quaker State
Company  (NYSE: PZL) to sell the whole of the issued  share
capital  of  Airfresh  (UK) Limited  ('Airfresh'),  Bluecol
Brands  Limited,  Bars  Motor Products  Limited  and  Nilco
Chemical  Company Limited ('Bluecol Group').  The  Disposal
is  conditional  upon shareholder approval which  is  being
sought at an extraordinary general meeting of the Company.

The  gross aggregate consideration is £10.5 million payable
in  cash on completion, approximately £3.2 million of which
relates to the repayment of intra-group debt.

Airfresh  manufactures and sells a range of car air
fresheners. Products include Feu Orange, Highland Fresh
and a range of character air fresheners.  Its principal
customers are Polco, Halfords, Maccess and Impex. In the
twelve months ended 30 April 1999, Airfresh reported a
profit before tax of £0.4 million on a turnover of £3.1
million.  As at 31 October 1999, Airfresh had net assets of
£1.4 million.  As at 31 January 2000, Airfresh employed 31

Bluecol Group is a manufacturer and distributor of branded
and own label cleaning and maintenance products for
automotive, domestic and industrial applications. Its
brands include Bluecol antifreeze, Bars, Jenolite,
Nilco and Buddy.  It has a wide customer base which
includes Halfords, Maccess and Partco on the automotive
side and Tesco, Macro, Booker and Lakeland on the domestic
and industrial side.

In the twelve months ended 30 April 1999, Bluecol Group
reported a profit before tax of £0.5 million on a turnover
of £7.1 million.  As at 31 October 1999, Bluecol Group had
net liabilities of £0.9 million.  As at 31 January 2000,
Bluecol Group employed 56 people.

The  net  proceeds from this transaction will  be  used  to
eliminate the Group's bank borrowings.  The balance of  the
proceeds  will  be  placed on deposit  pending  appropriate
acquisition and investment opportunities.

Roger Pinnington, Armour Trust's Chairman, commented:

'The   Disposal   removes  two  of  the   major   obstacles
constraining  the  Company's growth;  namely  the  lack  of
available  funds to invest and the Company's  high  gearing
ratio.   The Company can now look to consolidate and  build
on the newly formed audio electronics division, focusing on
the technology sector where growth potential is strong'

11 April 2000


George Dexter, Chief Executive    Armour Trust plc  01892 502 700
John Harris, Finance Director            '                '

Tony  Bartlett                 Beeson Gregory     020 7488 4040
Henry Turcan                          '                 '


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