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.

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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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Computer Software (CSW)

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Tuesday 04 January, 2005

Computer Software


Computer Software Group PLC
04 January 2005

                            COMPUTER SOFTWARE GROUP PLC



The Board of Computer Software Group plc ("CSG" or the "Company" or the "Group")
is pleased to announce that it has acquired the whole of the issued share
capital of Alveston Holdings Limited ("Alveston" trading as "Systems Team") for
a consideration of £4,800,000 to be satisfied by a deferred cash payment of
£1,650,000 and the issue of 5,431,034 consideration shares.


The Company was admitted to trading on AIM in August 2000. Its main activity at
that time was the provision of cross-industry integrated software solutions on
an IBM iSeries platform. In the period since flotation, CSG has grown by careful
acquisition and now comprises three divisions covering Business Service
solutions, Field Service solutions and Not For Profit solutions.

Bristol-based Systems Team was established in 1982 and is a significant supplier
of business solutions to the Membership and Charities sector in the United

The acquisition of Systems Team will consolidate the Group's position as a major
player in the Not For Profit sector and the enlarged customer base will provide
opportunities for cross-selling not currently available to the Group.

The latest consolidated accounts for Alveston, for the year ended 31 May 2004,
show a turnover of £3,300,000 and a net profit before tax for the year of


The Company has entered into a share purchase agreement with the Vendors to
acquire the whole of the issued share capital of Alveston. The consideration for
the acquisition will be satisfied in full by the issue on completion, credited
as fully paid in the sum of 58p per share, of the consideration shares,
comprising 5,431,034 ordinary shares, together with a cash payment of £1,650,000
agreed to be deferred until 28 February 2005.

The issue of the Consideration Shares will result in the Vendors holding 10.99%
of the enlarged issued share capital of the Company.

Following the acquisition, the vendors, Geoffrey Iles (currently Managing
Director) and Colin Black (currently Finance Director) will continue to manage
the day to day operations and will assist with the integration of Systems Team
into the Group's Not For Profit division.

Geoffrey Iles, 55, was a founding director of Systems Team in 1983 and has held
various senior technical and sales roles since that date, becoming Managing
Director in 1986.

Colin Black, 50, joined Systems Team in 1985 as Finance Director and has also
been closely involved with acquisitions, business development and project

Application has been made for the admission of the consideration shares to
trading on AIM and dealings are expected to commence on 7 January 2005.


Computer Software Group plc                          020 8879 3939
Vin Murria / Barbara Firth

Seymour Pierce ltd                                   020 7107 8000
Sarah Wharry

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

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