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.

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Wednesday 27 April, 2005



27 April 2005

27 April 2005

                          ITV plc acquires SDN Limited

ITV plc announced today that it has acquired SDN Limited (SDN) from United
Business Media plc (UBM) and S4C Digital Media Limited (S4C).  The cost of the
acquisition is £134 million in cash payable on completion. There is also a
deferred contingent consideration of up to £15 million dependent upon the
outcome of Ofcom's ruling relating to the pricing of the five channels licensed
to Channel 5 from SDN expected in the next few months.

SDN, a UK digital terrestrial television (DTT) multiplex operator, holds a
licence from Ofcom to broadcast channels over specified bandwidths on Multiplex
A, one of the six multiplexes on the DTT platform that is principally used by
Freeview channels.

Charles Allen, CEO of ITV plc said:

'This acquisition is another step in ITV's strategic development and positions
it well for future growth.   Initially, ITV will benefit from a new source of
revenue but, critically, this ensures that ITV has the opportunity for future
capacity on the digital platform where its highly successful family of channels
performs best.'

Multiplex A presently broadcasts 10 channels and existing customers include
Channel 5, Disney, QVC and Teletext.

This acquisition is expected to be earnings enhancing to ITV plc from day one.
The acquisition of SDN gives ITV access to a new source of revenue from the
channels occupying the multiplex, which is expected to grow in line with
Freeview.  It also offers ITV potential for additional broadcast capacity from
2010 and technological advances may allow an extra channel to be added to
Multiplex A in 2007.

ITV presently has five channels on Freeview - four on Multiplex 2 and the fifth
on Multiplex D, recently acquired through an auction process conducted by Crown

Transmission, distribution and other services required by SDN to operate under
its licence are provided by ntl. Ntl is also the current technology partner for
the multiplex ITV shares with Channel 4 (Multiplex 2).

'We look forward to working more closely with ntl across the two multiplexes',
added Charles Allen.

Notes to editors

In January 2005, a consortium led by Macquarie Communications Infrastructure
Group acquired ntl Broadcast which had a 33% shareholding in SDN.  Under the
provisions of the SDN Shareholders' Agreement and Articles of Association, the
other two shareholders, UBM and S4C, had the right to purchase ntl Broadcast's
shareholding upon change of control.  UBM and S4C subsequently entered into a
definitive agreement with ITV to sell these shares for £134 million, subject to
adjustments to reflect SDN's working capital balances.

SDN Limited

SDN Limited holds the licence to operate Multiplex A (Mux A), one of the six DTT
multiplexes.  Mux A currently transmits 10 channels:

1.                  five

2.                  QVC/S4C

3.                  UKTV Gold*/Boomerang*

4.                  Bid TV/S4C2

5.                  Price-Drop TV/Screenshop

6.                  TCM/ABC1

7.                  Discovery*/Discovery H&L*

8.                  Teletext Holidays

9.                  UKTV Style*/ Cartoon Network*

10.                 xtraview*

SDN contracts directly with the non-asterisked channel customers above and via
Channel 5 for the others.  For most of its direct customers - which are shopping
/transaction based operations - SDN earns a fixed minimum revenue guarantee,
which is inflation-linked, and a variable revenue stream based on a percentage
of net revenues earned by the channels from transactions with DTT customers.
These variable revenues are forecast to experience significant growth, driven by
rapid increase in DTT platform penetration and an increase in average spend per

Most of the existing customer contracts run until the end of the current licence
period (15 November 2010).




Brigitte Trafford                                           020 7737 8719

Ruth Settle                                                 020 7843 8225

Citigate Dewe Rogerson

Simon Rigby                                                 020 7638 9571

Anthony Kennaway


Georgina Blackburn                                          020 7620 1620

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            The company news service from the London Stock Exchange                                                                                                                            

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