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;
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  • 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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OAO Severstal (SVST)

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Monday 19 November, 2007

OAO Severstal

Offer Update

OAO Severstal
19 November 2007

Not for release, publication or distribution, in whole or in part, in, into or
from Canada, South Africa, Japan or any  other jurisdiction where it would be
unlawful to do so.

19th November 2007

                              CENTROFERVE LIMITED
                         CELTIC RESOURCES HOLDINGS PLC
                              OFFER UPDATE


Centroferve, a wholly owned subsidiary of Severstal, announces that its Revised
Offer for the entire issued and to be  issued share capital of Celtic has been
extended and will remain open for acceptance until 3.00 p.m. (Dublin time) on 7 
December 2007.

The Revised Offer Document will be posted to Celtic Shareholders in the next day
or so.

Centroferve announces that, as at 3.00 p.m. on 16 November 2007, being the first
closing date of the Offer, acceptances  of the Offer had been received in
respect of 8,872,708 Celtic Shares (representing approximately 15.9% of the
Celtic  Shares to which the Offer relates).

Centroferve did not hold any Celtic Shares before the commencement of the Offer
Period and has not acquired or agreed  to acquire any Celtic Shares during the
Offer Period.

None of the acceptances referred to above have been received from persons acting
in concert with Centroferve. Prior to the Offer Period, Bluecone, a company
owned by Severstal, acquired 12,281,946 Celtic Shares, and during the Offer
Period (but before the Original Offer was made) Bluecone acquired a further
4,301,056 Celtic Shares. As a result, Bluecone owns 16,583,002 Celtic Shares
representing approximately 29.7% of the issued share capital of Celtic, and
Bluecone has given an irrevocable undertaking to Centroferve to accept or
procure acceptance of the Offer in respect of those shares. Other than the
Celtic Shares held or acquired by Bluecone, no party acting in concert with
Centroferve held before the commencement of the Offer Period, or acquired or
agreed to acquire during the Offer Period, any Celtic Shares.

Terms defined in the Original Offer Document dated 26 October 2007 and the
announcement of the Revised Offer dated 9  November 2007 have the same meaning
in this announcement unless otherwise stated.  References to the 'Offer' include
the Original Offer and the Revised Offer.


Centroferve                            Tel: +7 495 9810 910 ext.6633
Roman Deniskin
Nikolai Zelenski

Morgan Stanley & Co. Limited           Tel: +44 20 7425 8000
Peter Bacchus
Arash Mahdaviani

FD London Tel: +44 207 831 3113
Jon Simmons
Ben Brewerton

The directors of Centroferve and the directors of Severstal accept
responsibility for the information contained in this announcement. To the best
of the knowledge and belief of the directors of Centroferve and the directors of
Severstal (who have taken all reasonable care to ensure that such is the case),
the information contained in this announcement for which they accept
responsibility is in accordance with the facts and does not omit anything likely
to affect the import of such information.

Morgan Stanley & Co. Limited ('Morgan Stanley') is acting exclusively for
Centroferve and Severstal Resurs and no one else in connection with the Revised
Offer and Morgan Stanley will not regard any other person as a client in
relation to the Revised Offer and will not be responsible to anyone other than
Centroferve and Severstal Resurs for providing the protections afforded
exclusively to its clients or for providing advice in relation to the Revised
Offer, the contents of this announcement or any transaction or arrangement
referred to herein.

The Revised Offer will not be made, directly or indirectly, in or into any
jurisdiction where it would be unlawful to do so, or by use of the mails, or by
any means or instrumentality (including, without limitation, telephonically or
electronically) of interstate or foreign commerce, or by any facility of a
national securities exchange of any jurisdiction where it would be unlawful to
do so, and the Revised Offer will not be capable of acceptance by any such
means, instrumentality or facility from or within any jurisdiction where it
would be unlawful to do so. Accordingly, copies of this announcement and all
other documents relating to the Revised Offer are not being, and must not be,
mailed or otherwise forwarded, distributed or sent in, into or from any
jurisdiction where it would be unlawful to do so. Persons receiving such
documents (including, without limitation, nominees, trustees and custodians)
should observe these restrictions. Failure to do so may invalidate any related
purported acceptance of the Revised Offer. Notwithstanding the foregoing
restrictions, Centroferve reserves the right to permit the Revised Offer to be
accepted if, in its sole discretion, it is satisfied that the transaction in
question is exempt from or not subject to the legislation or regulation giving
rise to the restrictions in question.

This announcement does not constitute an offer to sell or an invitation to
purchase or the solicitation of an offer to purchase or subscribe for any
securities. Any response in relation to the Revised Offer should be made only on
the basis of the information contained in the Revised Offer Document or any
document by which the Revised Offer is made.

Any person who is a holder of 1% or more of the Celtic Shares may have
disclosure obligations under Rule 8.3 of the Takeover Rules, effective from the
date of the commencement of the Offer Period.

The Revised Offer will be made in the United States pursuant to an exemption
from the US tender offer rules provided by Rule 14d-1(c) under the US Exchange

Notice to US holders of Celtic Shares:

The Revised Offer will be made for the securities of an Irish public limited
company whose shares are listed on the AIM market in the UK and is subject to
Irish and UK disclosure requirements, which are different from those of the
United States. The Revised Offer will be made in the United States pursuant to
applicable US tender offer rules and otherwise in accordance with the
requirements of the Irish Takeover Rules. Accordingly, the Revised Offer will be
subject to disclosure and other procedural requirements, including with respect
to withdrawal rights, offer timetable, settlement procedures and timing of
payments that are different from those applicable under US domestic tender offer
procedures and law.

The receipt of cash pursuant to the Revised Offer by a US holder of Celtic
Shares may be a taxable transaction for US federal income tax purposes and under
applicable US state and local, as well as foreign and other tax laws. Each
holder of Celtic Shares is urged to consult his independent professional adviser
immediately regarding the tax consequences of acceptance of the Revised Offer.

It may be difficult for US holders of Celtic Shares to enforce their rights and
any claim arising out of the US federal securities laws, since Centroferve and
Celtic are located in non-US jurisdictions, and some or all of their officers
and directors may be residents of non-US jurisdictions. US holders of Celtic
Shares may not be able to sue a non-US company or its officers or directors in a
non-US court for violations of the US securities laws. Further, it may be
difficult to compel a non-US company and its affiliates to subject themselves to
a US court's judgement.

In accordance with normal Irish and UK practice and pursuant to Rule 14e-5(b) of
the US Exchange Act, Centroferve or its nominees, or its brokers (acting as
agents), may from time to time make certain purchases of, or arrangements to
purchase, Celtic Shares outside the United States, other than pursuant to the
Revised Offer, before or during the period in which the Revised Offer remains
open for acceptance. These purchases may occur either in the open market at
prevailing prices or in private transactions at negotiated prices. Any
information about such purchases will be disclosed as required in Ireland and
the UK, will be reported to a Regulatory Information Service of the UK Listing
Authority and will be available on the London Stock Exchange website,

                      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