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

UK Select Trust Ld (UKT)

  Print      Mail a friend

Thursday 16 September, 2004

UK Select Trust Ld

Interim Results and Dividend

UK Select Trust Limited
16 September 2004


Stock Exchange Announcement

The unaudited figures for the six months to 30 June 2004 have been drawn up
under The Statement of Recommended Practice for Investment Trusts and have been
prepared on the basis of the accounting policies set out in the company's annual
financial statements for the year ended 31 December 2003.

Statement of Total Return of the Company

The unaudited results below cover the six months ended 30 June 2004

               Six months ended 30 June    Six months ended 30 June     Year ended 31 December
                         2004                        2003                        2003
                       unaudited                   unaudited                   audited
               Revenue   Capital   Total   Revenue   Capital   Total   Revenue   Capital   Total
                 £'000     £'000   £'000     £'000     £'000   £'000     £'000     £'000   £'000

on investments       -      (585)   (585)        -     2,792   2,792         -     6,761   6,761

Income             928         -     928       819         -     819     1,500         -   1,500

management fee     (27)      (82)   (109)      (24)      (70)    (94)      (67)     (203)   (270)

expenses         *(171)      (13)   (184)     (111)      (13)   (124)     (245)      (25)   (270)
               --------   ------- -------   -------   ------- -------   -------   ------- -------

Net return         
before finance
costs              730      (680)     50       684     2,709   3,393     1,188     6,533   7,721

payable            (32)      (95)   (127)      (30)      (90)   (120)      (58)     (175)   (233)
               --------   ------- -------   -------   ------- -------   -------   ------- -------
Return on
for the
taxation           698      (775)    (77)      654     2,619   3,273     1,130     6,358   7,488

Taxation            (1)        -      (1)       (6)        -      (6)        -         -       -
               --------   ------- -------   -------   ------- -------   -------   ------- -------
Return on
for the
period after
taxation          697       (775)    (78)      648     2,619   3,267     1,130     6,358   7,488

dividend of
0.83p            (319)         -    (319)     (351)        -    (351)   (1,190)        -  (1,190)

Transfer to /      
from reserves      378      (775)   (397)      297     2,619   2,916       (60)    6,358   6,298
                =======   ======= =======   ======   =======  =======   =======  ======= =======

Return per        
share             1.67p    (1.85)p (0.18)p    1.54p     6.24p   7.78p     2.69p    15.11p  17.80p
                =======   ======= =======   ======   =======  =======   =======  ======= =======

* Includes £60,000 fees and expenses relating to Extraordinary General Meeting.

Balance sheet
At 30 June 2004
                                      30 June       30 June     31 December
                                         2004          2003            2003
                                    unaudited     unaudited         audited
                                        £'000         £'000           £'000

Investments at market value            41,024        39,180          43,727
Net current assets/(liabilities)         (212)        1,034            (400)

Creditors: amounts falling due
after more than one year               (5,200)       (5,200)         (5,200)
                                       -------       -------        --------
Net assets                             35,612        35,014          38,127
                                       -------       -------        --------

Equity shareholders' funds
Called up share capital                 3,955         4,235           4,203
Capital reserves                       28,255        27,398          30,900
Revenue reserve                         3,402         3,381           3,024
                                       -------       -------        --------
                                       35,612        35,014          38,127
                                       -------       -------        --------

Net assets per 10p ordinary             
share                                   90.04p        82.70p          90.71p
                                       -------       -------        --------

At  30  June  2004

                                       Share       Capital     Capital          Capital   Revenue       Total
                                     premium    redemption   reserve -        reserve -   reserve    reserves
                                                   reserve    realised       unrealised
                                       £'000         £'000       £'000            £'000     £'000       £'000

At 1 January 2004                      4,742         2,104      20,998            3,056     3,024      33,924
Shares repurchased during the
   period                                  -           271     (2,305)                -         -     (2,034)
Realised gains on disposals
   of investments                          -             -       2,154                -         -       2,154
Decrease in unrealised
   appreciation                            -             -           -          (2,739)         -     (2,739)
Investment management fee
   attributable to capital                 -             -        (78)                -         -        (78)
Other expenses attributable
to capital                                 -             -        (17)                -         -        (17)
Loan interest attributable to
   capital                                 -             -        (95)                -         -        (95)
Premium arising on share
- 2003 final dividend                    164             -           -                -         -         164
Retained revenue                           -             -           -                        378         378
                                      ======        ======      ======           ======    ======      ======
At 30 June 2004                        4,906         2,375      20,657              317     3,402      31,657
                                      ======        ======      ======           ======    ======      ======

The Directors have decided to declare an interim dividend of 0.83p (2003: 0.83p)
for the year ending 31 December 2004 to ordinary shareholders who are registered
at the close of business on 24 September 2004.

The Directors propose that ordinary shareholders should be offered the right to
elect to receive new ordinary shares in lieu of the cash final dividend.

Shares will go ex-dividend on 22 September 2004 and the record date will be 24
September 2004.

The interim dividend will be payable on 24 November 2004.

                      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