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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Indept. News & Media (INM)

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Friday 12 June, 2009

Indept. News & Media

INM PLC Annual General Meetin

RNS Number : 8264T
Independent News & Media PLC
12 June 2009




Company Outlook Statement

Ticker: (Bloomberg) INM.ID / INM.LN and (Reuters) INME.I / INME.L

Dr Brian Hillery, Chairman of Independent News & Media PLC ('Group'), made the following comments at the Group's Annual General Meeting in Dublin today:


'The business environment remains extremely challenging for our Group in each of our markets with all major economies in recession and substantial reductions in advertising spend globally. However, our management have been relentlessly focussed on cost control and have led by example by taking substantial voluntary pay cuts. Your Group remains profitable and cash generative. Our operating discipline and strong media franchises leave us well-placed to benefit from a return to economic growth.

'On April 30th we advised the market that we expected Operating Profit before exceptionals for 2009 to be in the range of €200 million to €230 million while forecasting continues to be extremely difficult, assuming no further deterioration in advertising conditions, we are now forecasting Operating Profit before exceptionals for 2009 to be in the range of €180million to €210 million. 

'We previously announced that we were in discussions with our banks and with our bondholders on a refinancing of our €200 million bond that matured on 18 May. I am happy to state that our discussions have shown a willingness on the part of all parties to reach consensus. Although the outcome is subject to material uncertainty, the Directors believe, based on discussions to date, that terms will be reached that will be acceptable to the Group and fair to all parties. To facilitate discussions, a standstill agreement is in place until June 26th. These discussions encompass a comprehensive restructuring of our bank facilities' maturities which currently mature in 2010. A comprehensive refinancing and extension of maturities will position us to benefit from the economic recovery in our markets when it occurs.

'As part of our deleveraging, we previously announced plans to dispose of certain non-core assets. I am pleased to state that before the end of September, we can expect to dispose of INM Outdoor, the largest outdoor advertising business in Sub Saharan Africa, and our stakes in Verivox, the leading German price comparison website and Cashcade, 
a UK-based gaming business. We anticipate total proceeds to our Group of up to €150 million.

'This is a good company with excellent assets and a rigorously focussed management team, albeit operating in a tough industry at a time of almost unprecedented economic conditions. The timing of our bond maturity has accentuated the challenges. We look forward to completing our refinancing and focussing on our core business.'

Ends.                                                       Friday, 12th June 2009

For reference:


Gavin O'Reilly, Chief Executive        

Donal Buggy, Chief Financial Officer        

Tel: 01 466 3200


Murray Consultants                            Powerscourt Media        

Pat Walsh                                                Rory Godson            

Tel: 01 498 0300                                    (London)            

Mobile: 087 2269 345                          Tel: +44 207 236 5619    


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

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