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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Finsbury Growth Tst. (FGT)

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Monday 11 December, 2000

Finsbury Growth Tst.


Finsbury Growth Trust PLC
11 December 2000

                                                                  NEWS RELEASE

To:       News editors  For immediate release

                        Monday, 11 December 2000

                          Finsbury Growth Trust PLC

The Board of Finsbury Growth Trust PLC ('the Company') today announces the
appointment of a new investment adviser. This appointment follows Close
Brothers Group taking its holding in the Company's investment manager, AFIM
Limited, from 50 per cent to 100 per cent, which was announced today. AFIM
Limited was previously a joint venture between Artemis Investment Management
Limited and Close Brothers Group under the terms of which the investment
management services of Mark Tyndall were provided to the Company.

AFIM Limited will continue to be the Company's investment manager and under
the new arrangements, which take immediate effect, Lindsell Train Limited has
been appointed as the new discretionary investment adviser to the Company. The
day-to-day management of the Company's investment portfolio will be the
responsibility of Nick Train, a director of Lindsell Train Limited. There is
no cost to the Company's shareholders in making these changes.

The Board also announces that there will be a change in the basis on which
AFIM Limited is remunerated.  The basic fee will be changed from an annual fee
of 0.75% of the gross asset value of the Company to an annual fee of 0.65% of
the average market capitalisation of the Company over the year. In addition to
the basic fee, the investment manager will also be entitled to a performance
fee amounting to 15% of any increase in the Company's market capitalisation in
any year, but only after the attainment of an absolute return hurdle.

The absolute return hurdle will be the sum of the increase in the Retail Price
Index in the year, plus a fixed return of 6.0%. The total fee payable in any
one year, i.e. the sum of the basic fee and the performance fee, will be
capped at 1.25% of the year end market capitalisation. Any outperformance,
that would have resulted in a higher fee being paid had there been no cap,
will be carried forward into the calculation of future years' fees.
Similarly, in the case of underperformance against the hurdle, any
underperformance will have to be made up in future years before a performance
fee becomes payable in those years.


Michael Reeve            Chairman, Finsbury Growth Trust PLC
                         020 7602 2624

Alastair Smith           Managing Director, Close Finsbury Asset Management
                         Limited 020 7426 6240

Colin Edge               Marketing Director, Close Finsbury Asset Management
                         Limited 020 7426 6233

Fiona Harris            Quill Communications                020 7618 8905

Tom Durie               HSBC Investment Bank plc            020 7336 2004


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