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;
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  • to enable you to participate in interactive features of our service, when you choose to do so;
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  • 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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Jersey Electricity (JEL)

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Monday 17 December, 2001

Jersey Electricity

Final Results

Jersey Electricity Company Limited
17 December 2001


               Preliminary Announcement of Annual Results 

                   for the year ended 30 September 2001 

At a meeting of the Board of Directors held on 17 December 2001, the final
accounts for the Group for the period ended 30 September 2001 were approved,
details of which, together with comparative figures for 2000, are given in
the following table.

A final dividend of forty pence less income tax on the Ordinary and 'A'
Ordinary shares in respect of the period ended 30 September 2001 was
recommended which, together with the interim dividend of thirty five pence,
makes a total dividend of seventy five pence for the period (2000 70 pence)
on each £1 share.

The dividend will be paid on 28 March 2002 to those shareholders registered
in the books of the company on 01 March 2002. A participating dividend on the
5% cumulative participating preference shares of 11/2% (2000 11/2%) payable
on the 01 July 2002 was also recommended.

The Annual General Meeting of the company will be held on 11 March 2002.

Direct Tel No: 01534 505253
Direct Fax No: 01534 505553
email: [email protected] 

17 December 2001

         The Powerhouse, PO Box 45, Queens Road, St Helier, Jersey JE4 8NY

  JERSEY ELECTRICITY COMPANY LIMITED                                            
  Summary of Financial Results                                                  
                             Period 1 October 2000      Period 1 October 1999
                              to 30 September 2001       to 30 September 2000  
                                            £000's                     £000's 
                                                                (as restated) 

  Turnover                                 60,355                     55,293  

  Group Operating Profit                    5,020                      3,437  

  Net Profit before                         3,822                      3,905  

  Income Tax                                  281                        175  

  Deferred Tax                              1,109                      1,064  

  Net Profit after                          2,432                      2,666  

  Earnings per Share                         £1.58                      £1.73 

                                         Absorbing                  Absorbing 
                                                 £                          £ 
  Ordinary & A                                                                
  Ordinary Shares                                                             

  Interim Dividend       35p              428,960      32p           392,192  

  Proposed Final         40p              490,240      38p           465,728  
                         75p              919,200      70p           857,920  

  5% Participating                                                            

  Dividend Paid          5p                 4,000       5p             4,000  

  Proposed               1.5p               1,200     1.5p             1,200  

                         6.5p               5,200     6.5p             5,200  

  3.5% Preference                                                             

  Dividend Paid          3.5p               3,773     3.5p             3,773  

  TOTAL ABSORBED                          928,173                    866,893  

                          JERSEY ELECTRICITY GROUP

Group turnover rose 9% to £60.4M and operating profit increased 46% to £5M.
Growth in electricity sales was strong, despite mild weather conditions and
the Group's Consultancy and Contracting businesses led good profit
performances from all its non-electricity enterprises, with the exception of

Net profits were reduced by losses at the telecommunications company Newtel,
in which the Group's controlling interest was relinquished during the year to
make way for new investors, ahead of liberalisation of the Channel Islands'
telecommunications markets in 2002. Start-up losses were lower than expected
at the Group's joint venture Foreshore, which began trading from its primary
Internet Data Centre in the third quarter.

The impact of deferred tax liabilities assumed on the adoption of Financial
Reporting Standard 17 increased the Group tax charge by £1.1M leading to a
further reduced profit after tax of £2.4M, which compared with last year's
restated post-tax profit of £2.7M. Earnings per share declined 9% to £1.58.



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