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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Evolve Capital PLC (EVOL)

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Monday 02 March, 2009

Evolve Capital PLC

Possible Offer for Blue Oar

RNS Number : 0966O
Evolve Capital PLC
02 March 2009


2 March 2009

Possible offer by WH Ireland for Blue Oar

Irrevocable undertaking to accept the offer by Evolve Capital plc 

WH Ireland Group plc ("WH Ireland") today announced the terms of a possible merger of WH Ireland and Blue Oar plc ("Blue Oar") to be effected either by way of a scheme of arrangement ("Scheme") or an offer ("Offer") by WH Ireland (together a "Possible Offer") for the entire issued share capital of Blue Oar.

The terms of any Possible Offer will value each Blue Oar share at 9.66p based on a middle market closing price of WH Ireland on 27 February 2009 of 72.5p per share and is payable as to 1p in cash and 0.1194 shares in WH Ireland for every share in Blue Oar.

Evolve has granted WH Ireland an irrevocable commitment to vote in favour of a Scheme or accept an Offer (as appropriate) in respect of its 64.9% holding in Blue Oar, subject principally to WH Ireland making an announcement of its firm intention to make the Possible Offer (by way of a Scheme or an Offer and in accordance with Rule 2.5 of The City Code on Takeovers and Mergers) by no later than noon on Monday 9 March 2009.

In the offer document for Blue Oar dated 9 December 2008 Evolve undertook to seek its shareholders' consent to any disposal of Rowan Dartington & Co Limited ("Rowan Dartington"), Blue Oar's retail stockbroking subsidiary. This undertaking was given regardless of any requirement on Evolve to seek such approval under the AIM Rules and thus, although the Possible Offer does not constitute a disposal of Rowan Dartington as such, Evolve's irrevocable undertaking in respect of the Possible Offer will be subject to Evolve's shareholders' approval. Accordingly, if the Possible Offer results in the Scheme being proposed or the making of the Offer, a circular will be sent to Evolve shareholders seeking their approval to the terms of the Scheme or Offer (as appropriate) and to the investment strategy of Evolve following completion of the transaction. 

Evolve acquired control of Blue Oar in order to reduce the cash losses being experienced by Blue Oar and to enhance the value it perceived particularly in Rowan Dartington. It took Evolve some weeks to obtain board representation at Blue Oar following the offer by Evolve for Blue Oar being declared unconditional. Since that time the new Blue Oar board have conducted and concluded a strategic review and have shared the results of that review with Evolve. 

As a consequence of that review Evolve has concluded that the interests of Evolve and its shareholders are best served by Blue Oar merging with WH Ireland to become a significant part of a larger group where the synergies, both operational and geographic, are clear and where efficiencies can be achieved by the enlarged business. Evolve also believes that the interests of Blue Oar employees and clients will be enhanced by completion of the proposed merger.

Accordingly Evolve have negotiated, with Blue Oar, the terms of the Possible Offer and have granted the irrevocable undertaking to WH Ireland. Following the completion of the Possible Offer Evolve will own approximately 31.8% of WH Ireland's issued share capital and be its largest single shareholder.


Evolve Capital plc

Edward Vandyk

Tel: 020 7937 4445

Fairfax I.S. plc

Jeremy Porter

020 7598 5368

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

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