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:

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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.


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Monday 17 May, 2004


Offer for Preference Shares

17 May 2004


17 May 2004

                                ITV plc ('ITV')
              Offer for the Carlton Convertible Preference Shares

The Board of ITV announces that ITV has today made a cash offer (the 'Offer') to
acquire all of the existing issued 6.5p (net) cumulative convertible redeemable
preference shares of 5p each in the capital of Carlton Communications Plc (the
'Carlton Convertible Preference Shares').  Holders of Carlton Convertible
Preference Shares who validly accept the Offer will receive 102.5 pence for
every Carlton Convertible Preference Share held.  All accepting shareholders
will receive the 1 July 2004 dividend of 3.25p (net) per Carlton Convertible
Preference Share the record date for which is 28 May 2004.


As part of the proposals made on 8 December 2003 in connection with the merger
of Granada plc and Carlton Communications Plc to form ITV, ITV made an offer to
all holders of Carlton Convertible Preference Shares ('Carlton Convertible
Preference Shareholders') of 102 pence in cash per share (together with an
amount equal to any accrued but unpaid dividend).  The offer was structured as a
scheme of arrangement under section 425 of the Companies Act and therefore
required the approval of a majority in number representing three-fourths in
value of those Carlton Convertible Preference Shareholders present and voting in
person or by proxy at the meeting held on 13 January 2004.  Although a
significant proportion of Carlton Convertible Preference Shareholders did vote
in favour of the offer, the required voting threshold was not met and therefore
ultimately the offer did not proceed.

Further details of the Offer

In light of the foregoing, there is no acceptance threshold to be met before
this new Offer can proceed.  This means that all Carlton Convertible Preference
Shareholders (including those who voted to accept the previous offer) have the
opportunity to accept this new Offer.  The terms of the Offer include a loan
note alternative.  The full terms and conditions of the Offer (including details
of the loan note alternative and how the Offer may be accepted) are set out in
an offer document (the 'Offer Document') which will be posted to Carlton
Convertible Preference Shareholders today.

The Offer will close at 3.00pm on Friday, 4 June 2004 which is after the 28 May
2004 record date for the payment of the 1 July 2004 dividend.  For the avoidance
of doubt, accepting shareholders will receive this dividend payment even if they
return their forms of acceptance prior to 28 May 2004.


Simon Rigby - Citigate Dewe Rogerson 020 7638 9571

Alex Brown

The Offer has been made to all Carlton Convertible Preference Shareholders
including those to whom the Offer Document may not be despatched.  Copies of the
Offer Document and accompanying forms of acceptance are available for collection
from Capita IRG, Corporate Actions, PO Box 166, The Registry, 34 Beckenham Road,
Beckenham, Kent BR3 4TH.

The Offer is not being made, directly or indirectly, in or into the United
States, Canada, Australia or Japan and the Offer is not capable of acceptance
from within the United States, Canada, Australia or Japan.  Neither the Offer
Document nor the accompanying form of acceptance is being mailed or otherwise
distributed or sent in or into the United States, Canada, Australia or Japan.

This announcement is not being made or otherwise distributed or sent to, into or
from the United States, Canada, Australia or Japan.  Persons reading this
announcement (including nominees, trustees and custodians) must not distribute
or send this announcement, the Offer Document or a form of acceptance (or any
other related offering documentation) in, into or from the United States,
Canada, Australia or Japan nor use United States, Canadian, Australian or
Japanese mails for any purpose, directly or indirectly, in connection with the
Offer and doing so may invalidate any purported acceptance of the Offer.

The loan notes to be issued pursuant to the Offer have not been, and will not
be, registered under the US Securities Act of 1933 (as amended) (the 'Securities
Act') or under any relevant securities laws of any state or other jurisdiction
of the United States or any relevant securities laws of Canada, Australia or
Japan.  Accordingly, unless an exemption is available under the Securities Act
or other relevant securities laws, the loan notes may not be offered, sold or
delivered, directly or indirectly, in or into the United States, Canada,
Australia or Japan.

This announcement has been prepared by and is the sole responsibility of ITV,
constitutes a financial promotion and has been approved solely for the purpose
of section 21 of the Financial Services and Markets Act 2000 by UBS Limited, of
1 Finsbury Avenue, London EC2M 2PP.  UBS Limited is acting for ITV in relation
to the Offer and is not acting for any other person in relation to the Offer.
UBS Limited will not be responsible to anyone other than ITV for providing the
protections afforded to its clients or for providing advice in relation to the
Offer or any other matter referred to herein.

This announcement does not constitute an offer or invitation to purchase or
subscribe for any securities.

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

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