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

Euro Capital Projects PLC (WSEN)

  Print      Mail a friend

Tuesday 24 January, 2006

Euro Capital Projects PLC

Proposed Acquisitions

          Euro Capital Projects Plc ("Euro Capital" or "the Company")          

                             Proposed Acquisitions                             

The Board of the Company announced on 23 December 2005 that the it had agreed,
subject to shareholder approval, to enter into an agreement to acquire certain
residential property assets in Cyprus (the "Acquisitions"), and that its shares
be suspended from trading on AIM until such time as an Admission Document is
posted to shareholders.

An Admission Document was posted to shareholders on 23 January 2006 describing
the proposed Acquisitions, details of which are set out below.

An Extraordinary General Meeting of the Company is to be held on 16 February
2006 seeking shareholder approval for the Acquisitions.

A copy of the Admission Document sent to shareholders may be found at

The Company has today requested that trading in its shares is now resumed on

Future Strategy and Plans for the Company

The Directors intend to make further investments in either property related
companies or direct investments in property assets. The Directors intend to
focus the Company's strategy on Europe and the Middle East. Suitable future
investments that will be considered by the Directors will be based on
anticipated profitability arising from:

(i)       Off plan early stage property transactions;                   
(ii)      Purchase of properties where a disposal at a profit in the    
          short term is anticipated;                                    
(iii)     Purchase of properties where a substantial rental yield or    
          disposal profit is anticipated in the medium term;            
(iv)      Investment into property related companies or similar business
          entities; and                                                 
(v)       speculative property development projects.                    

The above investments would be in respect of residential, industrial or
commercial properties.



The Company has agreed to acquire six residential properties located in a new
residential development "Sirena Olympia" in Kato Paphos, Cyprus. The
development was completed in late October 2005.

At the commencement of the development project in April 2004, the developer,
Costas Gavrielides & Sons Limited, contracted to sell 10 properties "off-plan"
to Camelot Reality Limited ("Camelot"). Camelot has agreed to sell 6 of the 10
properties (at the original purchase price) to the Company.


The contract is subject to the approval of the Company's Shareholders, which is
to be sought at the Extraordinary General Meeting.


Subject to shareholder approval, the Company will acquire 6 of the 10
properties from Camelot for a total price, including stamp duty and local legal
fees, of CY£489,427 (approximately £590,000).


The consideration of CY£489,427 for the Acquisitions is payable in cash upon
receipt of Shareholders approval for the Acquisitions.

Legal Title

The system for registering a new property purchaser with the Cyprus Land
Registry takes a total of three years. Accordingly, rather than the Company
exchanging contracts with Camelot directly, Camelot has agreed to cancel the
contracts originally entered into between itself and the developer and the
Company has entered into new contracts with the developer instead.

Description of the properties

Each of the 6 properties has 2 bedrooms. The covered area of the apartments is
between 85 sq. meters to 100 sq. meters. The properties are situated in an
elevated position with cliffs to the rear.

The properties are situated an approximate 15 minutes walk from Paphos and an
approximate 10 minutes walk from the centre of Kato, Paphos.

The closest airport to the properties is Paphos Airport which is an approximate
15 minute drive away. There is a harbour approximately 5 minutes drive from the


Euro Capital Projects plc

Mike Nash, Chairman 07717 493495

City Financial Associates Limited

Liam Murray 020 7090 7800

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