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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Value Catalyst Fund Limited (T (VCF)

  Print      Mail a friend       Annual reports

Thursday 12 July, 2007

Value Catalyst Fund Limited (T

Directorate change Change to Valuation Basis

The Value Catalyst Fund Limited ("VCF" or "the Company")

Directorate Changes

The  Board  of  The  Value  Catalyst  Fund Limited  (AIM:  VCF)  announces  that
Christopher  Bruce,  Finance  Director, has resigned  from  his  position  as  a
director  of  VCF,  with  immediate effect, in order to  pursue  other  business
opportunities.  In addition, Caroline Cornish has also resigned from  the  Board
due to an HSBC directive regarding employee directorships.  The Board would like
to  thank  Mr  Bruce and Ms Cornish for their contribution to the management  of

The Board is pleased to announce that, with immediate effect, Paul Smith will be
replacing Mr Bruce in the capacity of Finance Director and Ann Clayton will join
the Board as a Non Executive Director.

Paul  Brendan  Smith (age 32) joined Laxey Partners Limited  in  April  2007  as
finance  director.   Mr Smith is a Chartered Accountant, having  qualified  with
Deloitte  &  Touche,  Isle of Man in 2001.  Following that, he  joined  Walbrook
Trustees  (IOM)  Limited, a division of Deloitte & Touche until  December  2003,
holding  a  number of key compliance and business development roles as  well  as
managing a portfolio of trusts and private and public companies.  He is a member
of  Society  of  Trust and Estate Practitioners.  Mr Smith  holds  an  LLB  from
Queen's University Belfast and an MBA from the University of Ulster.

Ann Elizabeth Clayton (nee Bell) (age 57) is a Chartered Director and Fellow  of
the Chartered Management Institute with considerable business experience.  After
an  early  career  in  IT, she held a number of senior positions  with  Clerical
Medical Investment Group, Isle of Man Creameries and Royal Skandia Life Asurance
Limited.   She  is  currently  a business consultant  specialising  in  business
strategy, change management and business process re-engineering.

Mr  Smith and Mrs Clayton's  current and previous directorships and partnerships
over the past five years are as follows:

Director    Current                    Past

Paul Smith  Laxey Partners Limited -   Antler Wakefield 1
            Isle of Man                Inc Limited - Isle
            Laxey Partners (GP)        of Man
            Limited - Isle of Man      Antler Wakefield 2
            Laxey Partners (GP)        Limited - Isle of
            Limited - British Virgin   Man
            Islands                    Baycliffe Limited -
            Laxey Partners GP (2)      Isle of Man
            Limited - British Virgin   Cow Lane Limited -
            Islands                    Isle of Man
            Laxey Partners GP (3)      Grapefown Limited -
            Limited - British Virgin   Isle of Man
            Islands                    Tareem Limited -
            Laxey Partners GP (4)      Isle of Man
            Limited - British Virgin
            LEAF Limited - British
            Virgin Islands
            LIL Investments  No 1
            Limited - British Virgin
            LIL Investments  No 2
            Limited - British Virgin
            LIL Investments  No 3
            Limited - British Virgin
            LIL Investments  No 1
            Limited - British Virgin
            LP Value Limited - British
            Virgin Islands
            LSS (GP) Limited - British
            Virgin Islands
            R D I R (IOM) Limited -
            Isle of Man
            Smith Partnership LLC -
            Isle of Man
            Vampire Holdings Limited -
            British Virgin Islands

Ann         Island Location Limited    None
Clayton     AKB Consultancy Limited
            Paternoster Limited
            Junior Achievement Isle of
            (All Isle of Man

On his appointment, Mr Smith has a beneficial interest in 16,020 ordinary shares
US$0.001  each in VCF, equivalent to 1.27 per cent. of the issued share  capital
of the Company, registered in the name of Laxey Partners Limited re the Employee
Benefit Trust of which Mr Smith is a beneficiary.

There  is  nothing further to disclose in relation to either Paul Smith  or  Ann
Clayton's appointment pursuant to Rule 17 of the AIM Rules for Companies.


Azhic Basiov / Siobhan Sergeant
Smith & Williamson Corporate Finance Limited
Tel +44 (0)20 7131 4000                                                                                                                                                   

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