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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General Elec. (GEC)

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Wednesday 08 June, 2005

General Elec.

Capital Reorganisation

General Electric

IAC/InterActiveCorp to Exit Vivendi Universal Entertainment; IAC and Vivendi
Universal Agree to End Litigation

IAC/InterActiveCorp, Vivendi Universal and General Electric today announced
transactions that simplify the companies' corporate and financial structures and
result in IAC's exit from Vivendi Universal Entertainment LLLP (VUE).

As a result of the transactions, VUE is now wholly owned by NBC Universal. NBC
Universal is 80%-owned by GE, with the remaining 20% controlled by Vivendi

IAC has sold its 5.44% common interest and its preferred interests in VUE to NBC
Universal for total consideration of approximately $3.4 billion. The
consideration consists principally of 56.6 million IAC common and Class B common
shares, which had a market value of $1.4 billion, and cash (including $865
million in proceeds from the sale of U.S. Treasury bonds that secured IAC's
preferred interests). IAC and Vivendi Universal have agreed to permanently
dismiss litigation between them currently pending in the Delaware courts. All
parties have released one another from potential claims relating to IAC's
investment in VUE.

In addition, Vivendi Universal and GE agreed to defer by one year, to January
2007 and May 2010, respectively, the dates on which Vivendi Universal may first
exercise its rights to monetize its ownership interests in NBC Universal over
time at fair market value, and on which GE may exercise its call right on
Vivendi Universal's equity interest.

VUE was created in 2002 by Vivendi Universal and IAC in connection with IAC's
disposition of its entertainment assets. VUE became part of NBC Universal in May

About IAC/InterActiveCorp

IAC/InterActiveCorp (NASDAQ: IACI) operates leading and diversified businesses
in sectors being transformed by the internet, online and offline... our mission
is to harness the power of interactivity to make daily life easier and more
productive for people all over the world. To view a full list of the companies
of IAC please visit our website at

About Vivendi Universal

Vivendi Universal (Paris Bourse: EX, NYSE: V) is a leader in media and
telecommunications with activities in television, film, music, interactive games
and fixed and mobile telecommunications.

About GE

GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and
financial services company focused on solving some of the world's toughest
problems. With products and services ranging from aircraft engines, power
generation, water processing and security technology to medical imaging,
business and consumer financing, media content and advanced materials, GE serves
customers in more than 100 countries and employs more than 300,000 people
worldwide. For more information, visit the company's Web site at

About NBC Universal

NBC Universal is one of the world's leading media and entertainment companies in
the development, production, and marketing of entertainment, news, and
information to a global audience. NBC Universal owns and operates a valuable
portfolio of news and entertainment networks, a premier motion picture company,
significant television production operations, a leading television stations
group, and world-renowned theme parks. NBC Universal is 80%-owned by General
Electric, with the remaining 20% controlled by Vivendi Universal.

    CONTACT: Vivendi Universal
             Flavie Lemarchand-Wood, 212-572-1118
             Antoine Lefort, +33 (0) 1 71 71 11 80
             Agnes Vetillart, +33 (0) 1 71 71 30 82
             Alain Delrieu, +33 (0) 1 71 71 10 86 
             General Electric
             David Frail, 203-373-3387
             Cell: 203-605-7909
             NBC Universal
             Kathy Kelly-Brown, 212-664-3457
             Elizabeth Fischer, 212-664-4825
             Deborah Roth, 212-314-7254
             Vivendi Universal
             Daniel Scolan, +33 (0) 171 71 32 91
             Laurence Daniel, +33 (0) 1 71 71 12 33 
             Edouard Lassalle, +33 (0) 1 71 71 30 45
             Eileen McLaughlin, 212-572-1334
             General Electric
             Bill Cary, 203-373-2468
             JoAnna Morris, 203-373-2471
             Roger Clark, 212-314-7400

a d v e r t i s e m e n t