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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Stagecoach Group PLC (SGC)

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Thursday 03 September, 2009

Stagecoach Group PLC

Statement re National Express

RNS Number : 4679Y
Stagecoach Group PLC
03 September 2009


3 September 2009

Stagecoach Group plc ('Stagecoach')

Statement regarding National Express Group plc ('National Express')

Further to its announcement of 27 July 2009, Stagecoach notes today's announcement by a consortium comprising funds advised by CVC Capital Partners and interests of the Cosmen family (together, the 'Consortium'), that the Consortium has made a revised proposal to acquire National Express.

Stagecoach confirms that it remains in exclusive discussions with the Consortium and an agreement of principles has been reached regarding the possible acquisition by Stagecoach of the UK Bus and UK Rail operations of National Express from the Consortium. The UK Coach operations of National Express are not part of these discussions or agreement.

Stagecoach has had constructive discussions with the Department for Transport ('DfT') regarding a possible change of control of the rail franchises currently operated by National Express. Subject to agreeing the appropriate legally binding documentation and making the appropriate payment to the DfT, the following arrangements will apply to Stagecoach's possible acquisition of the National Express UK Rail operations:

  • Irrespective of a change of control in National Express and/or its rail franchises, the Secretary of State for Transport will reassume control of the East Coast franchise.

  • The DfT would not seek to enforce any cross-default provisions in respect of any other rail franchise currently operated by Stagecoach or National Express as a result of any of the circumstances, related to the possible acquisition, under which the Secretary of State will reassume control of the East Coast rail franchise.

It is expected that the DfT will be in a position to confirm in due course that the specific performance conditions that are required to be met for the East Anglia rail franchise to be extended from 2011 to 2014 have been satisfied.

The possible acquisition from the Consortium is subject to agreeing legally binding documentation and in view of its size would require the approval of Stagecoach shareholders as a class 1 transaction.

In light of its discussions with the Consortium, Stagecoach does not intend to make a formal offer in its own right to acquire the entire issued and to be issued share capital of National Express. For the purposes of Rule 2.8 of the City Code on Takeovers and Mergers (the 'Code'), Stagecoach reserves the right to make or participate in an offer for National Express (and/ or take any other action which would otherwise be restricted under Rule 2.8 of the Code) within the next six months following the date of this announcement:

(i) following the announcement of an offer by or on behalf of a third party (other than the Consortium) for National Express;

(ii) with the agreement or recommendation of the board of directors of National Express;

(iii) following the announcement by or on behalf of National Express of a 'whitewash' proposal (for the purposes of Note 1 on the dispensation from Rule 9 of the Code) or a reverse takeover; or

(iv) if there is a material change in circumstances.



Stagecoach Group plc  

Martin Griffiths, Finance Director  

Tel: 01738 442111  

Ross Paterson, Company Secretary  

Tel: 01738 442111  

Steven Stewart, Director of Corporate Communications  

Tel: 01738 442111  

Smithfield Financial

John Kiely

Tel: 020 7360 4900

Deutsche Bank AG

James Arculus

Tel: 020 7545 8000

Eduard van Wyk

Tel: 020 7545 8000

Nomura International plc

Charles Donald

Tel: 020 7102 1000

Henry Phillips

Tel: 020 7102 1000

Deutsche Bank AG is authorised under German Banking Law (competent authority: BaFin - Federal Financial Supervisory Authority) and authorised and subject to limited regulation by the Financial Services Authority. Details about the extent of Deutsche Bank AG's authorisation and regulation by the Financial Services Authority are available on request. Deutsche Bank AG is acting as financial adviser to Stagecoach Group plc in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to any person other than Stagecoach Group plc for providing the protections afforded to the clients of Deutsche Bank AG nor for providing advice in relation to the matters described in this announcement.

Nomura International plc, which is authorised and regulated in the United Kingdom by The Financial Services Authority, is acting exclusively for Stagecoach Group plc in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to any person other than Stagecoach Group plc for providing the protections afforded to the clients of Nomura International plc or for providing advice in relation to the matters described in this announcement.



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

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