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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Ulster T.V. PLC (UTV)

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Monday 23 December, 2002

Ulster T.V. PLC


Ulster Television PLC
23 December 2002

Embargoed until 0700                                            23 December 2002
                Ulster Television plc Acquisition of Lite FM

Ulster Television plc ('UTV' or the 'UTV Group') announces the acquisition of
the entire issued share capital of City Broadcasting Limited ('Lite FM'), a
radio broadcasting station based in Dublin, Ireland, for consideration of €14.0
million (Stg£9.0 million). In addition, UTV will assume liability for the net
debt in Lite FM of c. €1.3 million (Stg£0.8 million). The consideration was paid
by UTV in cash and was financed through bank facilities.

Lite FM operates an independent local radio station in Dublin and is the most
listened to Dublin radio station targeting the 35+ population demographic. With
a market share of 8% for the 12 months to June 2002, Lite FM has enjoyed an
impressive build up of its listenership since it commenced broadcasting in May

The acquisition of Lite FM represents a further key step in the implementation
of UTV's stated strategy to expand its media interests on an all Ireland basis.
Together with its other radio interests of County Media in Cork (population:
448,181) and Treaty in Limerick (population: 175,529), this addition of Lite FM
in Dublin (population: c. 1.1 million) will further strengthen the position of
the UTV Group in the main urban centres of Ireland.  UTV is an important
participant in the Irish radio market with a strong local focus and a commitment
to the development of the Irish broadcasting market as a whole.

Lite FM's audited figures for the 19 months to 31 December 2001 show net
advertising revenue of €4.12m (stg£2.65m) and an operating loss of €1.31m
(stg£0.84m).  At 31 December 2001, the audited net liabilities of Lite FM were
€0.44m (stg£0.28m).

The directors of UTV believe that Lite FM represents a significant opportunity
for the UTV Group with both increased audience and revenue growth at this
relatively immature Dublin station enhancing the scope and presence of UTV radio
in local and national markets.  As a well resourced Irish media group with brand
leadership in key regions, the enlarged UTV Group will be in an even stronger
position to compete effectively against its rapidly consolidating UK and
international media peers.

Commenting on the proposed acquisition of Lite FM, John McCann, Group Chief
Executive of UTV said:

'We are absolutely delighted to announce our acquisition of Lite FM.  This is an
important strategic move for UTV which together with our now completed
acquisitions of County Media and Treaty in Cork and Limerick, further
strengthens our multi-media offering throughout Ireland. We look forward to
working with the management team of Lite FM to build upon the excellent
reputation they have established in the Dublin region.'

Commenting on the proposed acquisition of Lite FM, Martin Block, Chief Executive
of Lite FM said:

'The success of the station to date is attributable to our commitment to the
delivery of a professional music radio station targeting the 35+ demographic.
We believe that UTV will provide the expertise and resources required to further
develop Lite FM to the highest standards continuing the soft contemporary adult
music format which has made it so popular in the Dublin region.'

UTV have received approval in principle for the acquisition from the
Broadcasting Commission of Ireland (the 'BCI') and full approval is expected to
follow shortly.

Mergers clearance has been received under the Mergers and Take-overs (Control)
Acts 1978-1996.

Goodbody Corporate Finance advised UTV on this acquisition.  Merrion Corporate
Finance advised Lite FM on the transaction.

23 December 2002

For further information contact:
Orla McKibbin
Head of Press and PR
UTV plc
Telephone: 04890 262188

Becky Haywood
Weber Shandwick Square Mile
Telephone: 020 7067 0732

Notes to Editor:

1.  Goodbody Corporate Finance is the corporate finance arm of
    Goodbody Stockbrokers, a wholly owned subsidiary of Allied Irish Banks plc.

2.  Merrion Corporate Finance is a wholly owned subsidiary of the Merrion 
    Capital Group.

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

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