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

Wednesday 12 July, 2000

Armour Trust PLC

Proposed Disposal

Armour Trust PLC
12 July 2000

              Armour Trust plc (the 'Company')
  Proposed Sale of Polco Products Limited (the 'Disposal')

Armour   Trust  plc  is  pleased  to  announce  that  Armour
Automotive Group Limited, a wholly owned subsidiary  of  the
Company,  has  entered  into  a conditional  agreement  with
Custom Accessories Europe Limited to dispose of the whole of
the   issued   share  capital  of  Polco  Products   Limited
('Polco'). The gross consideration is £1.5 million,  payable
in  cash on completion. The proceeds from the Disposal  will
be  aggregated  with the Group cash balances and  placed  on
deposit   pending  appropriate  acquisition  and  investment

The  Disposal is conditional upon shareholder approval which
is  being  sort at an extraordinary general meeting  of  the
Company, to be held at the offices of Beeson Gregory  on  28
July 2000 at 11.00 am.

Polco   imports,  assembles  and  distributes  a  range   of
automated  accessories  and gift  products.    The  products
include   car   airfreshners,  maintenance   and   emergency
accessories  and  fixing  and  fastenings.   Its   principal
customers  are  Halfords, HomeBase, Littlewoods,  Woolworths
and  B&Q.   In the twelve months ended 31 April 2000,  Polco
contributed  a  profit  before tax of  £0.25  million  on  a
turnover of £7.9 million.  As at 30 April 2000 Polco had net
liabilities of £0.19 million and employed 51 people.

The  Disposal  represents  the final  stage  of  the  recent
reorganisation  of  Armour Trust plc that has  significantly
strengthened  the  Company's balance  sheet.   Shareholders'
funds have increased from £3.2 million at 30 April 1999 to a
pro-forma £8.8 million at 30 April 2000, which includes  the
effects of the Disposal.  Net cash at 30 April 2000 on a pro-
forma  basis of £5.4 million compares to a net debt position
at  30  April  1999  of  £3.5 million.   The  Group  is  now
financially stronger than it has been for some years and  is
well  positioned  to develop a strategy  of  growth  in  the
technology sectors.

Roger Pinnington, Armour Trust's Chairman, commented:

'This Disposal completes the recent repositioning of Armour.
Over  the  past  12  months the group has  strengthened  its
financial  position and strategically moved the emphasis  of
the  Group activities into the technology markets where,  in
the  Board's  opinion,  the  opportunities  for  growth  and
improving  shareholder value are more promising.  The  Group
is   now  compact,  focused  and  financially  strong   with
operating activities generating quality returns in a  growth
sector.  The future prospects for Armour are encouraging.'

12 July, 2000


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

Henry Turcan, Beeson Gregory      020 7488 4040

Briefing notes to accompany press announcement

Armour Trust plc
Armour  Trust is a fully quoted company on the London  Stock
Exchange.  Armour has undertaken a programme of change  over
the  past  18  months with the objective of eliminating  its
bank debt; strengthening its balance sheet and repositioning
the Group into higher growth technology based markets.  This
change programme has been successful with all its objectives

Over  the past 2 years Armour has exited from those  markets
where  returns  are diminishing and growth is  limited  (the
gift  market  and  the commodity sectors of  the  automotive
aftermarket  -  accessories and chemicals).   In  July  1999
Armour  invested  in a technology based business,  Autoleads
Limited into which it merged its existing audio interests of
Radiomobile   and  Kicker  to  form  the  Audio  Electronics
Division.   This  Division is a strong and  robust  business
that offers strong growth and a quality earnings stream.

The  Audio  Electronics Division designs,  manufactures  and
markets  a  range  of intelligent leads  and  harnesses  for
cellular  and  audio applications in the  automotive  market
together  with  importing and selling  car  audio  equipment
under  the  Kicker and Radiomobile brands.  The business  is
based  in Bordon in Hampshire, employs 80 people and  has  a
customer   base  which  includes  Sony,  Halfords,  Pioneer,
Motorworld, Phillips, amongst others.

Description of Polco

Polco   imports,  assembles  and  distributes  a  range   of
automotive accessories and gift products.  Products  include
car airfresheners, maintenance and emergency accessories and
fixings   and  fastenings.   Its  principal  customers   are
Halfords, Homebase, Littlewoods, Woolworths and B&Q.  In the
twelve  months  ended  30 April 2000,  Polco  contributed  a
profit  before  tax of £0.25 million on a turnover  of  £7.9
million.   As at 30 April 2000 Polco had net liabilities  of
£0.19 million and employed 51 people.

Custom Accessories Europe Limited

Custom  Accessories Europe Ltd ('CAE') is part of the Custom
Accessories Group of companies which has operations  in  the
United  States,  Europe  and the Far  East  and  a  combined
turnover  in  excess of £50m. CAE designs and  manufacturers
automotive   and   gift  products  which   are   distributed
throughout  the  UK  and mainland Europe.  The  company  has
significant  licensing  arrangements including  brands  from
Disney, Twentieth Century Fox, Aardman Animations, BBC,  JCB
and  several  F1 teams. CAE products can be  found  in  many
major retailers throughout the UK and Europe.


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