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.

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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.


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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Asite PLC (ASE)

  Print      Mail a friend       Annual reports

Thursday 22 July, 2004

Asite PLC

Results of Meetings / Update

Asite PLC
22 July 2004

                      Asite plc ('Asite' or the 'Company')

                 Results of General Meetings and Trading Update

The board of Asite (the 'Board') announces that, at the Annual General Meeting
and the Extraordinary General Meeting of the Company held yesterday, all
resolutions proposed were duly passed.

The effect of the resolutions passed at the Extraordinary General Meeting is,
inter alia, that the Board is now in a position to return the Company to a
positive net asset position and to seek funding opportunities should they arise
with Asite's major customers as set out in Asite's explanatory circular dated 25
June 2004.

As mentioned in the preliminary announcement on 8 June 2004, Asite saw growth in
gross revenue of 8 per cent. on continuing operations in 2003 and a 23 per cent.
increase in gross profit to £891,000.  Operating costs before depreciation were
reduced by £0.5 million, from £3.8 million to £3.3 million.  Overall, losses
were reduced from £4.6 million to £2.1 million.

In the first half of 2004 Asite has successfully brought a number of products to
the market and there are encouraging signs of acceptance being displayed by our
•    the gross value of sales contracts entered into in the period from 1 
     January 2004 to 21 July 2004 stands at £2.6 million (100 per cent. in 
     excess of the gross value of sales contracts entered into for the whole of 
     the year ended 31 December 2003);

•    this includes a contract signed with Grosvenor Limited in July 2004 for
     the provision of collaboration services over 5 years with a gross sales 
     value of up to £0.95 million to Asite;

•    active negotiations are taking place with Asite's other major customers in 
     respect of long term framework agreements; and

•    Asite's order book measured in terms of forward contracted sales has now 
     risen to £2.9 million.

Most encouragingly, the take-up and usage across Asite's web-based services has
been growing rapidly:
•    monthly client logins to Asite services have increased by 100 per cent.
     since January 2004;

•    registered companies across the Asite product suite have increased by 50 
     per cent. since January 2004 and are now approaching 1,400;

•    registered users across all Asite products have increased from 6,400 to
     9,000 since January 2004;

•    client project data held for use under Project Workflow, Asite's key
     collaboration product, have increased from 5,000 mega bytes to 42,000 mega 
     bytes in the same period;

•    the total number of documents being worked upon actively in Project
     Workflow by Asite's clients across its product suite is now in excess of 
     51,000, up from 7,000 in January 2004; and

•    Asite has created 21,000 electronic purchase orders and invoices for
     Asite users in the six months to June 2004.

Sir John Egan, Chairman, commented:

'We are entering the second half of the year with a growing order book of
contracted business and a strong sales pipeline as measured by proposals issued
and contracts where we are in active negotiation with our clients.  We have
continued to keep close control over costs and we have built a software
development capacity in India which will allow us to increase output and
responsiveness significantly with little or no change to our cost base.  Overall
we are making sound progress to becoming a sustainable and profitable business.'


For further information, please contact:

Asite plc

Tom Dengenis                                                      020 7647 5151

Gordon Ashworth

Deloitte & Touche LLP

Robin Binks                                                       020 7936 3000

Richard Collins

The directors of Asite accept responsibility for the information contained in
this announcement. To the best of the knowledge and belief of the directors of
Asite (who have taken all reasonable care to ensure that such is the case) the
information contained in this announcement is in accordance with the facts and
does not omit anything likely to affect the import of such information.

                      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