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

Greenchip Investment (XEN)

  Print      Mail a friend

Monday 13 August, 2001

Greenchip Investment

Placing, proposed acquisition

Greenchip Investments  PLC
13 August 2001

GREENCHIP INVESTMENTS PLC ('Greenchip' or 'the Company')


Greenchip is pleased to announce that it has entered into Heads of Terms for
an agreement to purchase the entire share capital of Programmable Life Inc. ('
PL'), a company incorporated in USA, in exchange for the issue of up to 160
million new Greenchip ordinary shares to be issued in various tranches
dependent, inter alia, on the future performance of the business of PL.

PL has developed and acquired numerous international patents over additives
and processes that assist in the degradation of plastics, particularly
polyethylene. It has a range of existing products under the 'Ecostar' brand
name and over 1,000 customers through its first licensee in Japan.

Signature of a binding sale and purchase contract is subject, inter alia, to
completion of satisfactory due diligence into the business and assets of PL.
In addition, Greenchip is bound to use all reasonable endeavours to ensure
that it has £1 million or more in cash at signature.

In order that the Company has the reasonable prospect of meeting the latter
condition and in order to finance the estimated acquisition expenses,
Arlington Group Plc ('Arlington') has subscribed for 6,250,000 new Greenchip
ordinary shares at a price of 31/2 pence each.  Application has been made for
these shares to be traded on AIM and admission is expected on Friday 17 August

The issue of these new ordinary shares will increase Arlington's holding in
Greenchip from the present 13.8 per cent of the Company's capital to 29.1 per
cent of its enlarged capital. Arlington has provided development finance to PL
and is a 25.1 per cent shareholder in that company.

The proposed acquisition of PL would be subject to shareholders approval for
the following reasons:

1.         it would be treated as a reverse takeover under the Rules of the
Alternative Investment Market and must therefore seek re-admission to trading;

2.         it would be treated as a related party transaction due to
Arlington's significant interest in both Greenchip and PL; and

3.         it would require a 'Whitewash' procedure under the City Code on
Takeovers and Mergers ('the Code') to relieve PL from the requirement to make
an offer for Greenchip under rule 9 of the Code.

By reason of its interest in both companies Arlington would be precluded from
voting on 2 and 3 above.

Further details will be announced in due course.

For further information contact:

Malcolm Burne             020 7409 3500
Chief Executive

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