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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Ulster T.V. PLC (UTV)

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Tuesday 27 February, 2001

Ulster T.V. PLC


Ulster Television PLC
27 February 2001

Ulster Television plc Proposed Acquisition of 60% of County Media Limited

Ulster Television plc ('UTV') today announced that the Independent Radio and
Television Commission (the 'IRTC') had approved in principle the proposed
acquisition by UTV of 60% of the issued share capital of County Media Limited
('County Media'), a radio broadcasting business based in Cork, Ireland, for a
consideration of circa IR£17.1 million ('the Proposed Transaction'). The
purpose of this announcement is to provide further details regarding the
Proposed Transaction.

Details of the Proposed Transaction

The Proposed Transaction will be effected through a holding company Fairtell
Limited ('Fairtell') which, upon completion of the transaction, will be owned
as to 60% by UTV and as to 40% by the current shareholders of County Media
('the Vendors'). Fairtell will acquire the entire issued share capital of
County Media in exchange for an issue of loan notes to the Vendors. 60% of the
loan notes, with a value of circa IR£17.1 million, will be guaranteed by UTV
and encashable upon completion of the Proposed Transaction. The remaining 40%
of the loan notes, with a value of circa IR£11.4 million, will not be
guaranteed by UTV.

The Vendors 40% shareholding in Fairtell ('the Vendors Shares') will be the
subject of put and call arrangements between UTV and the Vendors which will be
exercisable, subject to the approval of the IRTC, following completion of the
IRTC's 2001 annual review of County Media, which is expected to occur in March
2002. In the event that such approval is granted by the IRTC, the Vendors
Shares will be sold to UTV at their nominal value of IR£40. At the same time,
the remaining 40% of the loan notes will become encashable by the Vendors.

If the above mentioned IRTC approval is not obtained at that point, UTV may
then exercise its call option and acquire the Vendors Shares for sale to a
third party or parties nominated by UTV and acceptable to the IRTC. On
completion of such a sale, the remaining 40% of the loan notes will become
encashable by the Vendors.

In the event that the party or parties nominated by UTV are not acceptable to
the IRTC or in the event of UTV being unable to nominate a party or parties
acceptable to it then, not later than 15 months from the date of completion of
the Proposed Transaction, the Vendors Shares may be transferred to an
independent trustee, to be held on trust for the benefit of UTV. Upon the
transfer of the Vendors Shares to the independent trustee, the remaining 40%
of the loan notes will become encashable by the Vendors.

Completion of the Proposed Transaction is subject, inter alia, to certain
completion conditions and, together with the put and call and the trustee
arrangements referred to above, to the agreement of appropriate transaction
documentation with the IRTC.

Goodbody Corporate Finance is advising UTV and Communications Equity
Associates International is advising County Media in relation to this

27 February 2001

For Reference:

Orla McKibbin

Head of Press and PR

UTV plc

Telephone: 00 44 2890 262188
Marie Therese Duffy                    Bobby Leach/Sarah Moriarty
Drury Communications                   Weber Shandwick Worldwide
Telephone: 00 353 1 2605000            Telephone: 0044 207 905 2578

1.  Goodbody Corporate Finance is the corporate finance arm of Goodbody
    Stockbrokers, a wholly owned subsidiary of Allied Irish Banks plc.
2.  Communications Equity Associates International ('CEA') is an international
    investment and merchant banking firm specialising in the media,
    communications, technology and entertainment industries. CEA is regulated
    by the Financial Services Authority.


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