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

Hamworthy plc (HMY)

  Print      Mail a friend

Wednesday 08 July, 2009

Hamworthy plc


RNS Number : 2970V
Hamworthy plc
08 July 2009

Press Release 

8 July 2009

Hamworthy plc

("Hamworthy" or the "Group")

Acquisition of gas and separation systems businesses

Hamworthy (AIM:HMY), a world leader in the design and manufacture of specialist systems and services for the marine and oil & gas industries, today announces that it has signed a legal agreement to acquire the business and assets of the Technology & Products division of Aibel AS, the Norwegian oil services company.

The cash consideration for the acquisition will be £3.5 million payable upon completion with an additional amount of up to £2.7 million payable upon achievement of certain performance criteria over the next two years. The business had revenues of £13 million for the 12 months to 31 December 2008. A further announcement will be made on completion.

Aibel Technology & Products provides leading technologies to the offshore oil & gas market that are used to increase the efficiency of oil production and ensure the safe handling of cargoes. The principal products are electrostatic coalescers for the enhanced separation of oil and water during the oil production process, hydrocarbon blanketing systems to ensure the safe handling of cargo on FPSOs, flare gas ignition systems and flare gas recovery systems.  The electrostatic coalescers are used by customers experiencing operational challenges such as heavy oils and increased water production from maturing fields whilst the hydrocarbon blanketing and flare gas systems provide solutions to help customers safely reduce emissions and achieve zero flaring objectives.

The acquisition will report as part of the Group's Gas Systems division.

Joe Oatley, Chief Executive of Hamworthy, said: "This acquisition represents continued progress on implementing our strategy of expanding the Group's presence in the offshore oil & gas market. It will bring leading, patent protected, technologies into the Hamworthy Group and provide exciting opportunities for long term growth."

- Ends - 

For further information:

Hamworthy plc

Joe Oatley, Chief Executive 

Tel: +44 (0) 1202 662 600

Paul Crompton, Finance Director

Hawkpoint Partners Limited

Christopher Kemball

Tel: +44 (0) 20 7665 4500

Vinay Ghai

Media enquiries:


Henry Harrison-Topham / George Parker

Tel: +44 (0) 20 7398 7702

[email protected]

Notes to editors

Hamworthy is a leader in the design and manufacture of innovative gas handling, pumping and water management systems for the marine and oil & gas industries. The business benefits from markets that have long-term growth prospects. It produces technically advanced solutions, often in response to environmental needs and legislation.


With its headquarters in the UK, operations in 13 countries and representation in over 50, the Group has established a leading global position in its chosen markets. Further information on Hamworthy plc can be found at

Aibel AS ("Aibel") is one of the largest Norwegian oil service companies that engineers, builds, maintains and modifies oil and gas production facilities. Hamworthy has agreed to acquire the business and assets of the Technology and Products division of Aibel comprising Separation solutions and Gas solutions.  More detailed information on this division can be found at

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