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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  Print      Mail a friend       Annual reports

Wednesday 31 July, 2002


AGM Statement

31 July 2002

                                 AGM STATEMENT

London and Johannesburg, 31 July 2002.  At the Annual General Meeting of
SABMiller plc held today at the May Fair Intercontinental, London, W1A 2AN, the
Chief Executive reported, following a review by the Chairman of developments
over the year ended 31 March 2002 and the closing of the transaction with Philip
Morris Companies Inc. for the acquisition of Miller Brewing Company announced on
9 July 2002:

'Overall, group financial performance for the quarter to 30 June 2002 is
satisfactory and earnings per share are in line with the comparable period last
year, notwithstanding the significant devaluation of Southern African currencies
that occurred in the latter part of 2001.

'Our European businesses have performed well, with better than expected volume
growth for the first quarter, a trend that has continued into July. Volumes in
both the key markets of Poland and the Czech Republic are up some 8% on prior
year, with positive performance also coming from Hungary, though volumes in
Russia have been disappointing. Financial performance continues to be strong.

'In our Africa/Asia businesses, Africa volumes of both beer and CSDs are
currently running ahead of prior year, with Botswana, Tanzania, Angola and
Mozambique all showing good growth, and overall beverage volumes are in line
with expectations. Earnings from Africa are ahead of prior year.   In China,
restructuring and consolidation of the significant strategic acquisitions made
last year continue according to plan and profits have improved.

'The rationalisation and integration programme for our Central American
businesses is proceeding, as we drive for improved efficiencies in
manufacturing, distribution and sales.  In the market place, competitive
pressures have impacted volumes and revenues, and earnings are behind

'In South Africa, beer volumes are cumulatively down 2.8% on the prior year,
affected by the timing of Easter, which fell into the prior financial year.
Adjusting for this, volumes are approximately level with those of the
comparative period.   ABI has shown good growth on prior year and a particularly
strong performance was achieved by our Hotel and Gaming group.  A stronger than
predicted rand exchange rate has assisted the South African operations to
deliver profit performance ahead of expectations.

'Turning to our newly acquired subsidiary Miller Brewing Company, which will be
consolidated from July 2002, trading conditions at Miller for the quarter to
June 2002 were broadly in line with expectations. A decline in sales volumes of
slightly less than 2%, following cooler springtime weather conditions
experienced in parts of the United States, was offset by better pricing trends,
lower raw material costs and higher contract brewing volumes.'

At the Annual General Meeting, shareholders approved with the requisite
majorities, all the resolutions put to the meeting, including the declaration of
the final dividend.

31st JULY 2002

Further Information

Nick Chaloner                           Tel: +44 20 7659 0119
Director of Communications
SABMiller plc

Ciaran Baker                            Tel: +44 20 7659 0120

Investor Relations
Tanya Tracey                            Tel: +44 20 7659 0105

Caroline Metcalfe                       Tel: +44 20 7659 0113

                      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