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

Euromoney Ins.InvPLC (ERM)

  Print      Mail a friend       Annual reports

Friday 22 September, 2006

Euromoney Ins.InvPLC

Offer update and extension

Euromoney Institutional Investor PLC
21 September 2006


22 September 2006

For immediate release

                       Recommended cash offer
        by Euromoney Institutional Investor PLC ('Euromoney')
               on behalf of its wholly owned subsidiary,
          Euromoney Institutional Investor (Ventures) Limited,
     for Metal Bulletin Public Limited Company ('Metal Bulletin')

Offer update and extension

On 4 August 2006, Euromoney announced the terms of a recommended cash offer to 
acquire the entire issued and to be issued ordinary share capital of Metal 
Bulletin ('the Offer'). The Offer Document setting out the full terms of the 
Offer was posted to Metal Bulletin Shareholders on 31 August 2006. Terms defined
in the Offer Document have the same meaning in this announcement.

Level of acceptances and ownership

The Board of Euromoney announces that as at 1.00 p.m. on 21 September 2006,
being the first closing date of the Offer, Euromoney had received valid 
acceptances of the Offer in respect of a total of 40,344,916 Metal Bulletin 
Shares, representing approximately 72.92 per cent. of the existing issued 
ordinary share capital of Metal Bulletin.

As disclosed in the Offer Document and the announcements on 4 and 7 August 2006,
Euromoney is also the beneficial owner of 4,931,595 Metal Bulletin Shares, 
representing approximately 8.91 per cent. of the existing issued ordinary share
capital of Metal Bulletin.

Accordingly, Euromoney is the beneficial owner or has received valid acceptances 
in respect of 45,276,511 Metal Bulletin Shares, representing approximately 81.84
per cent. of the existing issued ordinary share capital of Metal Bulletin.

Save as disclosed in either this announcement or in the Offer Document, neither 
Euromoney nor any person acting in concert with Euromoney, is interested in or 
has any rights to subscribe for, any Metal Bulletin Shares nor does any such 
person have any short position or any arrangement in relation to Metal Bulletin 
Shares.  For these purposes, 'arrangement' includes any agreement to sell or any
delivery obligation or right to require another person to purchase or take 
delivery of Metal Bulletin Shares and any borrowing or lending of Metal Bulletin
Shares that have not been on-lent or sold.

As set out in the Offer Document, the Euromoney Board received irrevocable 
undertakings and non-binding letters of intent to accept or procure acceptance 
of the Offer in respect of a total of 17,151,099 Metal Bulletin Shares, 
representing approximately 31.00 per cent. of the existing issued ordinary share
capital of Metal Bulletin. Valid acceptances have been received in respect of 
10,644,923 Metal Bulletin Shares, representing approximately 19.24 per cent. of 
the issued ordinary share capital of Metal Bulletin, that were subject to these
irrevocable undertakings and non-binding letters of intent. Acceptances in 
respect of 451,695 Metal Bulletin Shares representing 0.82 per cent. of the 
existing issued ordinary share capital of Metal Bulletin that were subject to 
irrevocable undertakings or non-binding letters of intent have not been 
identified from the total acceptances. There is an outstanding letter of intent 
from M&G Investment Management Limited in respect of 3,240,631 Metal Bulletin 
Shares, representing 5.86 per cent. of the existing issued ordinary share 
capital of Metal Bulletin. In addition, as per their disclosure on 19 September 
2006, AEGON Asset Management UK has sold all 2,813,850 Metal Bulletin Shares 
representing approximately 5.09 per cent. of the existing issued ordinary share
capital of Metal Bulletin which were previously subject to a non-binding letter
of intent.

Extension of the Offer

The Euromoney Board announces that the Offer, which remains subject to the
terms and conditions set out in the Offer Document (including acceptances being
received in respect of not less than 90 per cent., or such lower percentage, 
carrying in aggregate more than 50 per cent. of the voting rights in Metal 
Bulletin, as Euromoney may decide, in nominal value of the Metal Bulletin Shares
to which the Offer relates) has been extended and will remain open for 
acceptance until 1.00 p.m. on the next closing date, which will be on 5
October 2006. The loan note and partial share alternative have also been 
extended and will remain open for acceptance until 1.00 p.m. on the next closing 
date, which will be on 5 October 2006.

To accept the Offer

To accept the Offer in respect of Metal Bulletin Shares held in certificated 
form, the Form of Acceptance should be completed, signed and returned in 
accordance with the instructions set out in the Offer Document and on the Form 
of Acceptance as soon as possible, and in any event so as to be received by 
Capita Registrars, Corporate Actions, The Registry, 34 Beckenham Road, Beckenham,
Kent BR3 4TU by no later than 1.00p.m. (London Time) on 5 October 2006. 
Additional Forms of Acceptance are available from Capita Registrars on 
0870 162 3121 or, if calling from outside the United Kingdom,
on +44 20 8639 2157.

To accept the Offer in respect of Metal Bulletin Shares held in uncertificated 
form (that is, in CREST), Metal Bulletin Shareholders should follow the
procedure set out in paragraph 15(b)of the letter from Euromoney contained in 
Part II of the Offer Document so that their electronic acceptance settles 
through CREST no later than 1.00 p.m. (London Time) on 5 October 2006.



Padraic Fallon (Chairman)
Richard Ensor (Managing Director)
Colin Jones (Finance Director)
Christopher Fordham (Executive Director)

Tel:       +44 (0)20 7779 8888

Dresdner Kleinwort (financial adviser and broker to Euromoney)

Chris Treneman
Claude Herskovits
Joe Thompson

Tel:       +44 (0)20 7623 8000

Tulchan Communications (PR adviser to Euromoney)

Andrew Honnor
Peter Hewer

Tel:       +44 (0)20 7353 4200

Dresdner Kleinwort Limited, which is regulated and authorised in the United 
Kingdom by the Financial Services Authority, is acting exclusively for Euromoney
in connection with the Offer and no-one else and will not be responsible to 
anyone other than Euromoney for providing the protections afforded to clients of
Dresdner Kleinwort Limited or for providing advice in relation to the Offer.

This announcement does not constitute an offer to sell or an invitation to 
purchase any securities, nor shall there be any sale, issue or transfer of the 
securities referred to in this announcement in any jurisdiction in contravention
of applicable law.  Any acceptance or other response to the Offer Document 
should be made only on the basis of the information contained in the Offer 

                      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