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;
  • 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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Vosper Thornycroft (VSP)

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Friday 05 July, 2002

Vosper Thornycroft

Result of AGM

Vosper Thornycroft Holdings PLC
5 July 2002

The following resolutions were passed today at the Annual General Meeting of the
Company held at the Vosper Thornycroft and Social Club, Hamilton Road,
Portchester, Hampshire:

1.  'That the name of Vosper Thornycroft Holdings plc (Registered No 1915771)
    be changed by Special Resolution to VT Group plc'. The change of name will 
    take place today (5 July 2002) by the same day change of name procedure 
    offered by Companies House.

2.  'That the 40,000,000 authorised ordinary shares of 25p each be subdivided
    into 200,000,000 new ordinary shares of 5p each with effect from the close 
    of business on 5 July 2002.'

Application has been made to the London Stock Exchange & UK Listing Authority
for a total of 170,271,600 shares as a result of the subdivision becoming
effective from close of business on 5 July 2002. All shares will rank pari

In addition, the Chairman made the following statement at the Annual General

                                   AGM STATEMENT

At our preliminary results in May we reported that since our March year-end we
had been selected for 3 further contracts each with a value in the region
of £200m, subject to the completion of detailed contract negotiations.  

I am pleased to report that the first of these, the extension to our Fleet
Support Limited (FSL) contract to provide a wider range of support services to
the Royal Navy at Portsmouth, was signed last month for a higher than expected
initial value to VT of £350m.

The contract for the design and build at Portsmouth of the first 6 module sets
for Type 45 was signed earlier this week. The overall production workshare is 20
per cent, as we reported at the preliminary results, and is due to commence in
mid 2003 on completion of the Portsmouth facilities.

We note the decision by the MOD earlier this week that Portsmouth is to be the
base port for the new generation of aircraft carriers. This reinforces the
strategic importance of Portsmouth, and means that FSL, Flagship Training
Limited and our new shipbuilding facility are well-placed to win work throughout
the carrier programme.

Progress is continuing on the third contract to manage the facilities at Fort
McCoy in Wisconsin, which we expect to become effective in October this year.

Excluding Fort McCoy, the new contracts finalised take the order book close to
£2 billion, compared to £1.5 bn at the year-end.

Delays to the shipbuilding programme at Woolston due to industrial action, which
has been satisfactorily resolved with a two-year settlement, will have some
impact on the results for the first half of the year. However, we expect to
recover the programme in the second half of the year, and taking all factors
into account, trading for the full year is broadly in line with our

Despite the industrial action, we still anticipate all vessels to be delivered
on time.

The Board changes announced at our preliminary results in May, with Martin Jay
becoming Chairman, Lord Wakeham, Deputy Chairman and Paul Lester, Chief
Executive, will take effect following the Annual General Meeting.

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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