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

West 175 Media Grp (WEP)

  Print      Mail a friend

Tuesday 01 October, 2002

West 175 Media Grp

Disposal/Loan repayment

West 175 Media Group Inc
01 October 2002

                               1st October, 2002

                           WEST 175 MEDIA GROUP INC.

         Disposal of Events Management Companies and Repayment of Loan

Disposal of Events Management Companies

West 175 Media Group Inc. (the 'West Group') announces that it has completed the
sale of the entire issued share capital of West Media Events Limited and
Gourmand International Limited (the 'Companies') to Strategic Planning
Associates, SL ('SPA').

The Board anticipates that the aggregate deferred consideration over a three
year period will be approximately £500,000. The immediate effect of the
transaction is to reduce the liabilities of the West Group by £133,000 and is in
accordance with West Group's policy of reducing its overall operating costs.

The consideration, all of which is deferred, consists of:

     i. a payment of £131,000 (payable in instalments of £31,000, £50,000 and
        £50,000 on 24th April 2003, 2004 and 2005 respectively);
    ii. an additional payment based on 5% of the gross revenues of the Companies
        for the 3 years ending 31st March 2003, 2004 and 2005 payable 60 days
        after the end of the relevant year, up to a cumulative maximum of
        £500,000. This is expected to add a further £370,000.

The proceeds will be used to fund West Group's continuing working capital

Gourmand International was formed in March 2001 to exploit the rights and assets
which West Group purchased from SPA at that date. West Media Events runs live
corporate events for clients in Europe. In the year to 31st March 2002 Gourmand
International had revenues of £nil and losses after tax of £495,000; West Media
Events had revenues of £1,293,000 and losses after tax of £137,000.

The sale of the Companies effects the disposal of all West Group's trading
operations in the UK and Europe. West Group's subsidiary, West 175 Media (NZ)
Limited ('West NZ') has sold or closed all loss making New Zealand businesses
and is currently making disposals of the remaining businesses in an orderly
withdrawal from New Zealand. This programme is expected to be completed by the
end of 2002, resulting in positive net proceeds for the West Group.

Repayment of Loan

Further to the announcement on 16 September 2002, the West Group announces that
on 30th September 2002 the final instalment of the loan from Film Investment
Corporation of New Zealand No.2 Limited ('FIC') to West NZ, the holding company
of all the New Zealand operations of the West Group, was repaid in full in cash
together with a contribution towards FIC's legal cost. The final payment of
NZ$853,000 (equivalent to approximately £258,000) completes the repayment of the
loan of NZ$1,350,000 (equivalent to approximately £410,000) and has the effect
of releasing the debenture held by FIC that was secured on all the assets of
West NZ.

Repayment of the loan and the release of the debenture will give the Board full
flexibility with respect to the remaining businesses in New Zealand.

West 175 Media Group Inc

Paul Burton

Finance Director

020 8398 7175

                      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