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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TG21 Plc (TGP)

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Thursday 18 December, 2008

TG21 Plc

Trading Update

RNS Number : 3445K
TG21 Plc
18 December 2008

18 December 2008

TG21 plc 

('TG21', 'the Company' or 'the Group')

Pre-close Trading Update

TG21, the vehicle installation service provider supplying public transport CCTV and other monitoring systems, today issues the following pre-close trading update relating to the year ending 31 December 2008

Operating profit from continuing activities

The Public Transport Solutions ('PTS') business, 21st Century, performed well with record sales of over £1m in November Almost half of these sales were from the recently launched EcoManager product aimed at reducing fuel and maintenance costs and improving safety by monitoring bus driver behaviour  

The PTS business also has a good pipeline of orders for public transport CCTV systems from Europe and, if these are delivered before the year end, the Group is likely to exceed its operating profit expectations for the year before exceptional items.

Carrying value of our freehold property 

The Group announced on 20 October this year that we have signed an option agreement to dispose of the Group's freehold premises in Mitcham, Surrey for £2.7m. The carrying value of these premises in our audited balance sheet as at 31 December 2007, which was based upon a revaluation carried out in December 2004, was £3.5m. 


Subsequent to the disposal of a number of our distribution businesses at the end of 2007 our operations in Mitcham have contracted significantly, so that the Mitcham property is currently under-utilised and the directors now consider that the value in use of this property has therefore reduced. Consequently, the consolidated income statement of the Group for 2008 will include a provision of £0.8m for the write down in the carrying value of the freehold property to its recoverable amount of £2.7m. There will also be a credit of £0.2m in respect of a reversal of the deferred tax provision on the revaluation surplus.

Our investment in Cyberlyne Communications Limited ('CCL')

In July 2006, the Company made a loan of £430,000 to CCL and took an option to acquire 50% of the share capital of this company for £100 and a second option to acquire the remaining 50% for the higher of £1m and a multiple of CCL's profit. While our involvement with CCL has yielded some benefits to the Group's PTS operations, we believe that our resources would yield a better return if focused on the successful 21st Century business and the Board are therefore not minded to take up these options in CCL.

The loan from TG21 is repayable by CCL on 31 December 2008, however, we are advised that CCL is not in a position to make this repayment on the due date. Consequently, we are currently negotiating a possible deferred repayment schedule with the management of CCL and expect to make an announcement in the first quarter of the New Year. In the meantime, the Board must acknowledge that all or part of the £430,000 loanmade to CCL, may not be recoverable.  

Group borrowings

Thanks to tight working capital management, and proceeds received from the timely disposal last year of some of our businesses which were more exposed to recessionary conditions, our cash flow remains strong.  Group borrowings have been at their lowest level throughout 2008 than at any time in the last 10 years and we anticipate that net debt will remain under £1m at the year end.


For enquiries please contact:

TG21 plc                                               Tel: 020 8710 4016

Peter Ward, Chairman

Nick Grimond, Chief Executive

Wilson Jennings, Finance Director

Daniel Stewart & Company plc            Tel: 020 7776 6550

Graham Webster

Hogarth Partnership                             Tel: 020 7357 9477

Barnaby Fry/Vicky Watkins 

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

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