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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.

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.

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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.


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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Havelock Europa PLC (HVE)

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Tuesday 27 June, 2006

Havelock Europa PLC

AGM Statement

Havelock Europa PLC
27 June 2006

                                                            Tuesday 27 June 2006

                              HAVELOCK EUROPA PLC

                                 AGM STATEMENT

At this afternoon's AGM of Havelock Europa, the education and retail interiors
and point of sale display Group, the Chairman, Malcolm Gourlay, made the
following remarks with regard to current trading and prospects.

'Order input for the first six months of the year has been healthy in all
divisions and particularly in the Education and Retail Interiors Divisions. Many
of these orders are for delivery in the second half which is traditionally the
Group's peak period for activity.

ESA McIntosh, the UK market leader in fitted furniture and equipment for
schools, has experienced record levels of orders in its core 'direct to schools'
market and has achieved start dates in line with its expectation for business in
the PFI arena, with activity now underway in 14 of the 16 contracts scheduled
for commencement this year. The consolidation of the management teams
responsible for ESA McIntosh and Retail Interiors into a single operating board
has been completed and the benefits, in relation to manufacturing and
procurement efficiencies, are starting to come through.

Orders and enquiries in the Group's two classroom accessory businesses,
TeacherBoards and Clean Air, are also running ahead of last year.

Within the Retail Interiors Division, Marks & Spencer has returned as a
significant customer and activity in the financial services area has been
robust. Despite fears of a slow down in the High Street, the diversification of
the customer base within this division and the entry last year into the
healthcare market have created a wider spread of opportunity and some lowering
of exposure to retail volatility.

The Point of Sale Division has suffered the loss of a major customer, as a
result of the sale of Kwik Save by Somerfield, which has affected both the
business and the level of activity at the Group's printing subsidiary in
Bristol. Nevertheless, early action to consolidate this operation under the
management team of Showcard Print, headquartered in Letchworth, is beginning to
show benefits. An extensive redundancy programme has taken place which will
generate significant savings and this, together with the rationalisation of both
property and plant, will, in due course, help to mitigate the effect of the
reduction in revenue on profit. In Letchworth, both orders and sales are running
at a substantially higher level than last year as a result of the addition of a
number of new customers.

As pointed out on earlier occasions, the requirement under IFRS to recognise
revenue after completion of the installation process, particularly in the
education businesses, continues to weight the seasonal bias towards the second
half of the year, during which period almost all of the Group's profit will be

The Board remains enthusiastic about the markets in which it is operating. The
temporary hiatus in the PFI education sector, which followed the withdrawal of
Jarvis, in late 2004, is now over and there appear to be positive indications
from Government of continuing commitment towards the refurbishment and renewal
of education infrastructure well beyond 2008. The Board expects to make further
progress in the full year and anticipates continuing growth in 2007,
particularly in the education and healthcare sectors.

The Group remains interested in making further acquisitions in existing and
related markets, exhibiting long term growth.'


Havelock Europa PLC                                            01383-820 044

Hew Balfour (Chief Executive)                                  07801-683 851
Grant Findlay (Finance Director)                               07768-745 960

Bankside Consultants Limited

Charles Ponsonby                                               020-7367 8851

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

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