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


  Print      Mail a friend       Annual reports

Tuesday 06 May, 2008


Possible Offer for TNS

06 May 2008


6 May 2008

                             WPP GROUP PLC ("WPP")

WPP notes the announcement by TNS made on 4 May 2008 rejecting WPP's proposal to
offer to acquire the entire issued share capital of TNS.

Sir Martin Sorrell, Chief Executive of WPP, said:

"We are surprised and disappointed that the Board of TNS has rejected our offer
proposal within 24 hours of receipt.

We are puzzled that our attempts to engage with TNS management on a friendly
basis have been hindered and resisted. We are also disappointed that TNS has not
indicated that it would be willing to provide us with the same information which
it has given to GfK as part of their 'nil premium merger' discussions, despite
the fact that we would be entitled to such information were the UK Takeover Code
to apply.

While we continue to review our position, we encourage TNS shareholders to urge
their Board to engage with us rather than simply persisting on an exclusive
basis with a 'nil premium merger' arrangement with GfK."

This announcement does not constitute an announcement of a firm intention to
make an offer under Rule 2.5 of the Takeover Code and there can be no certainty
that any offer will ultimately be made for TNS or as to the terms of any such

In accordance with Rule 2.10 of the Takeover Code, as at 2 May 2008, WPP had
1,173,522,306 ordinary shares of 10 pence in issue excluding shares held in
treasury. The ISIN reference for these securities is GB00B0J6N107. In addition,
Grey Global Group, an indirect wholly owned subsidiary of WPP, had $150 million
of bonds in issue which are convertible into WPP ordinary shares. The ISIN
reference for these securities is US39787MAB46.

A further announcement will be made, if and when appropriate.


BUCHANAN COMMUNICATIONS                               +44 20 7466 5000
Richard Oldworth

MERRILL LYNCH INTERNATIONAL                           +44 20 7628 1000
Richard Taylor
Mark Astaire (Corporate Broking)

PERELLA WEINBERG                                      +44 20 7268 2800
Philip Yates
Graham Davidson

James Del Favero                                      +1 212 902 1000
Chris Bischoff                                        +44 20 7774 1000

Merrill Lynch International, Perella Weinberg and Goldman Sachs are acting
exclusively for WPP in connection with the proposal and no one else and will not
be responsible to anyone other than WPP for providing the protections afforded
to clients of Merrill Lynch International, Perella Weinberg or Goldman Sachs or
for providing advice in relation to the proposal or any other transaction,
arrangement or matter referred to in this announcement.

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any
person is, or becomes, "interested" (directly or indirectly) in 1% or more of
any class of "relevant securities" of WPP or TNS, all "dealings" in any 
"relevant securities" of that company (including by means of an option in respect
of, or a derivative referenced to, any such "relevant securities") must be
publicly disclosed by no later than 3.30 pm (London time) on the London business
day following the date of the relevant transaction. This requirement will
continue until the date on which the offer becomes, or is declared,
unconditional as to acceptances, lapses or is otherwise withdrawn or on which
the "offer period" otherwise ends. If two or more persons act together pursuant
to an agreement or understanding, whether formal or informal, to acquire an 
"interest" in "relevant securities" of WPP or TNS, they will be deemed to be a
single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of WPP or TNS by WPP or TNS, or by any of their respective 
"associates", must be disclosed by no later than 12.00 noon (London time) on the
London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at

"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a "dealing" under Rule 8, you should consult the Panel.

                      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