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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Monday 14 May, 2007


Acquisition of Quester

          Manager of Quester VCT5 plc acquired by NewMedia SPARK plc           

14 May 2007, London - It was announced today that Quester, the leading early
stage UK venture capital firm and manager of Quester VCT5 plc ("Quester VCT5")
has been acquired by NewMedia SPARK plc ("SPARK"), the AIM listed technology
venture capital company focused on early stage investment (AIM: NMS).

Your board believes that the acquisition by SPARK will provide greater access
to some of the UK's best early stage entrepreneurs and investment managers as
well as broaden the investment opportunities available to the Quester managed
funds and VCTs. The combined group has the potential to deliver enhanced
long-term returns for our investors, additional investment opportunities, and a
wider spread of investments. The board of Quester VCT 5 has been involved in
the process and has considered the plans proposed for the future management of
Quester VCT5 which will be carried forward on the existing basis.

Together, the combined group will manage funds of over £275 million including
the Quester Venture Partnership - an institutional fund, the three Quester
managed VCT funds - Quester VCT plc, Quester VCT4 plc and Quester VCT5, and
University funds linked to nine universities including Oxford.

SPARK has a focus on new media, with a particular emphasis on digital media,
software applications, technology and communications, which complements
Quester's own activities in this area. Quester's strong healthcare business
will be developed alongside SPARK's new focus in this area.

Your board believes that the SPARK team has extensive experience of early stage
investment and, in addition to its track record developed since the difficult
dotcom period, has a strong balance sheet which should provide opportunities
for access to new sources of capital. This enables SPARK to invest in new
opportunities on an on-going basis, and to support its portfolio of investments
over the long term, a premise which is central to Quester's own investment

Commenting on the acquisition, Andrew Holmes, Chairman of Quester, said:

"There is a great synergy between Quester and SPARK. The merger will drive the
future development of our business, to the benefit of investors in the Quester
managed funds and VCTs. In particular, the deal will provide access to broader
deal flow and increased capital, as well as the additional early stage
investment expertise of SPARK's team. The deal brings together two highly
compatible companies with common values and a track record of co-investment,
including Footfall which was successfully sold to Experian in 2006. We believe
that the acquisition will benefit both Quester's investors and its portfolio
companies and we look forward to our future together."

Andrew Carruthers, Chief Executive of SPARK, said:

"We are pleased to be able to make this significant move in building upon our
position in the investment community as one of the leading early-stage European
venture investors by welcoming the Quester team. SPARK has demonstrated strong
growth in net assets and a number of successful exits recently, after the
difficult post-dotcom years. We have co-invested with Quester a number of times
over that period and see them as one of only a few high quality participants in
our sector. We plan to use this combined platform to build further funds under
management and deliver long-term growth in shareholder value"



Andrew Holmes/ John Spooner

020 7222 5472

Capital MS&L

Annabel O'Connor

07711 608747/ 020 7307 5339


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