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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National Express (NEX)

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Wednesday 31 May, 2000

National Express


National Express Group PLC
31 May 2000

                          NATIONAL EXPRESS GROUP PLC
                      £137 million acquisition in the USA

National  Express  is acquiring School Services & Leasing  Inc.  ('SSL'),  the
second largest privately owned student transportation bus company in the  USA,
for  £136.7 million ($205 million ) in cash.  The acquisition will  be  funded
through existing bank facilities.  The transaction is scheduled to complete on
31st  August, 2000, following receipt of Surface Transportation Board consent.
The  acquisition is expected to be immediately earnings enhancing  before  the
amortisation of goodwill.

Proforma results for SSL for the year ended 31st December, 1999 show EBITDA of
£17.5  million  ($26.3 million) and operating profit of £11.5  million  ($17.3
million)  on turnover of £66.7 million ($100 million).  Audited net assets  at
31st July, 1999 were £34.6 million ($51.9 million).

SSL  is based in Kansas City, Kansas.  Established in 1976 with 110 buses,  it
now  has  over 3,100 vehicles, serving over 40 school boards across  8  states
from  New Mexico to Massachusetts.  SSL employs 4,000 people, including  3,600
drivers  and attendants, and 54 million student trips are made on its services
each year.

The  acquisition of SSL consolidates the Group's position as the third largest
student  transportation operator in North America.  The student transportation
division  will now have almost 9,000 vehicles, employ over 10,000  people  and
operate  in 20 states, from California to Connecticut.  SSL's operations  will
be consolidated into the division's existing businesses based in Austin, Texas
reporting to Larry Durham, Chief Executive of National Express' North American

Commenting on the acquisition Larry Durham said:

'The acquisition of SSL opens up important new markets for us and consolidates
our  position  in  the Mid West.  The addition of SSL's team  of  professional
managers  will add greater depth of operational experience and skill  in  that
region.   I  welcome SSL's employees to the Group and look forward to  working
with them to achieve further growth through continuing to provide high quality
transportation services to our customers across North America.'

Phil White, Chief Executive of National Express said:

'The  acquisition  of  SSL  is another important  step  in  consolidating  our
position  in  the North American public transport market.  Together  with  our
public  transit  bus  operations we now have an annualised  turnover  of  £330
million ($500 million) and employ over 16,000 people in the USA.'


For further information, please contact:

Phil White, Chief Executive
William Rollason, Finance Director
Helen McCorry, Group Communications Manager
National Express Group PLC                        020 7529 2000

Nicola Marsden/ Steve Jacobs
Financial Dynamics                                020 7831 3113


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