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:

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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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Vanco PLC (VAN)

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Tuesday 27 May, 2008

Vanco PLC

Appointment of Administrator

RNS Number : 2459V
Vanco PLC
27 May 2008

                                                                                          Vanco plc (“Vanco” or “the Company”)                       
Sale of Vanco Group Limited following appointment of Vanco administrator
Following the announcement of the suspension of the Company's shares on 6 May 2008, the Board of Vanco has explored all financial and strategic options available to the business in the light of its adverse financial position. In this regard, the Board has been working closely with its secured creditors and its advisers with a view to maximising value to the Company's stakeholders.
The Board now announces that Simon Granger and Chad Griffin of FTI Consulting Limited have been appointed joint administrators of Vanco and that they have sold Vanco Group Limited ('VGL'), the holding company of Vanco's operating subsidiaries other than Vanco Direct USA, to a wholly owned subsidiary of Reliance Globalcom Ltd., an enterprise of Reliance Anil Dhirubhai Ambani Group.  Vanco Direct USA, which owns Universal Access, continues to operate as normal.
Reliance Globalcom is a subsidiary of Reliance Communications (RCOM), India's largest integrated telecommunications service provider. Reliance Communications is the flagship company of the Reliance Anil Dhirubhai Ambani Group, which has a market capitalisation of over US$75bn, annual cash flows of US$2.8bn, net profit of US$1.9bn and zero net debt.
Reliance Globalcom will integrate the Vanco business into its organisation. Vanco and Reliance have an absolute commitment to continue to deliver and improve the service we provide to our customers. Going forward, Vanco will take advantage of Reliance Globalcom's 40 Countries Global Service Delivery Platform comprising 77000 Kms of Submarine Cable, Data Centres, over 200 Carrier customers and significant presence in US with 1000+ enterprise customers and world class Managed Enthernet services.
It is unlikely that any value will return to Vanco's shareholders.
Press enquiries:
Vanco plc                                               Andrew Coppel (Chief Restructuring Officer)
                                                               John Mumford (Senior Independent Director)
VGL                                                       Mark Thompson (Director)
                                                               Peter Johnston (Finance Director)
                                                               Wayne Churchill (Director)
                                       All of 0208 636 1700                                                              
Biddicks                                                  Katie Tzouliadis - 07771 66 33 80
                                                               Sophie Lane        - 0207 448 1000
For FTI Consulting Limited
Financial Dynamics                                  Louisa Hollins   0207 269 7108

This information is provided by RNS
The company news service from the London Stock Exchange

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