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 in the first instance.

 Information  X 
Enter a valid email address

Havelock Europa PLC (HVE)

  Print      Mail a friend       Annual reports

Thursday 07 April, 2005

Havelock Europa PLC

Director Shareholding

Havelock Europa PLC
07 April 2005

                                  7 April 2005

                              HAVELOCK EUROPA PLC

                   Executive directors increase shareholdings

Havelock Europa PLC (the 'Company'), the education furniture, point of sale
display and retail interiors group, which announced its results for the year
ended 31 December 2004 yesterday, announces that it was informed on 6 April 2005
that Hew Balfour, Richard Lowery and Graham MacSporran (together, the 
'Directors'), through a series of transactions, have increased their aggregate
holding of ordinary shares in the Company from 557,521 ordinary shares (1.62% of
the existing issued share capital) to 742,267 ordinary shares (2.14% of the
enlarged issued share capital).

Following the exercise of 112,143 share options, the issued share capital of the
Company is 34,630,157 ordinary shares of 10 pence each.

The transactions comprise the vesting of ordinary shares under the Havelock
Europa Restricted Share Plan as a result of the Directors meeting certain
performance targets on return on capital employed in the period 1 January 2002
to 31 December 2004 (see note i), the sale of ordinary shares (see note ii) and
the exercise of share options under the 1994 Executive Share Option Scheme (see
note iii).

Summary of transactions

The following is a summary of the Directors' transactions:

                  Shareholding       Distribution of  Sale of ordinary     Purchase of    Shareholding
                       before            vested            shares        ordinary shares        after
                    transactions     ordinary shares                           by           transactions
                                          under                            exercise of
                                        2002 RSP                          share options

Hew Balfour            270,127           107,159           107,159           80,000            350,127
                       (0.78%)                                                                 (1.01%)

Richard Lowery         88,521            81,925            25,000            32,143            177,589
                       (0.26%)                                                                 (0.51%)

Graham MacSporran      198,873           65,678            50,000               -              214,551
                       (0.58%)                                                                 (0.62%)

Total                  557,521           254,762           182,159           112,143           742,267

% of issued             1.62              0.74             (0.52)             0.32              2.14
share capital

Note (i)    Vesting of ordinary shares under the Havelock Europa Restricted
            Share Plan ('RSP')

            In accordance with the rules of the RSP, the award dated 9 January 
            2002 vested 431,801 ordinary shares (1.25% of the existing issued 
            share capital) to the Directors.  The vesting of ordinary shares was 
            the result of the Directors meeting certain performance targets on 
            return on capital employed in the period 1 January 2002 to 31 
            December 2004.

            The Trustees of the RSP subsequently sold 177,038 ordinary shares 
            (0.51% of the existing issued share capital) at 120 pence per 
            ordinary share, on behalf of the Directors, to meet the PAYE and NI 
            liabilities due on vesting of these ordinary shares, as follows:

            Hew Balfour         74,467 ordinary shares (0.22%)
            Richard Lowery      56,931 ordinary shares (0.16%)
            Graham MacSporran   45,641 ordinary shares (0.13%)

            The balance of 254,763 ordinary shares (0.74% of the existing issued 
            share capital) was distributed to the Directors as follows:

            Hew Balfour       107,159 ordinary shares (0.31%)
            Richard Lowery      81,925 ordinary shares (0.24%)
            Graham MacSporran   65,678 ordinary shares (0.19%)

Note (ii)   Directors' sale of ordinary shares

            On 5 April 2005, the Directors sold 182,159 ordinary shares (0.52% 
            of the existing issued share capital) at 120 pence per ordinary 
            share as follows:

            Hew Balfour       107,159 ordinary shares (0.31%)
            Richard Lowery     25,000 ordinary shares (0.07%)
            Graham MacSporran  50,000 ordinary shares (0.14%)

Note (iii)  Directors' exercise of executive share options

            On 6 April 2005, Hew Balfour and Richard Lowery purchased a total of 
            112,143 ordinary shares by exercising the following executive share 

            Hew Balfour       80,000 share options at an exercise
                              price of 37.0 pence per option.
                              Option granted October 1999

            Richard Lowery    25,000 share options at an exercise
                              price of 105.0 pence per option.
                              Option granted May 1998

                              7,143 share options at an exercise
                              price of 52.5 pence per option.
                              Option granted April 1999


Havelock Europa PLC                                   01383-820 044
Hew Balfour (Chief Executive)                         07801-683 851
Graham MacSporran (Finance Director)                  07801-683 803

Teather & Greenwood Limited
Tom Hulme (Corporate Broking)                         020-7426 9593

Bankside Consultants Limited
Charles Ponsonby                                      020-7444 4166

- END -

                      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