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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National Express (NEX)

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Tuesday 15 December, 2009

National Express

Result of Rights Issue

RNS Number : 1179E
National Express Group PLC
15 December 2009


15 December 2009


The Board of National Express Group PLC ("National Express" or the "Company") announces that, as at 11.00 a.m. on 14 December 2009, being the latest date and time for receipt of valid subscriptions, it had received valid acceptances in respect of 323,011,673 New Ordinary Shares, representing approximately 90.47 per cent of the total number of New Ordinary Shares offered to Shareholders pursuant to the 7 for 3 Rights Issue announced on 11 November 2009.

It is expected that the New Ordinary Shares in uncertificated form will be credited to CREST accounts on 15 December 2009 and that definitive share certificates in respect of New Ordinary Shares in certificated form will be despatched to Shareholders by no later than 24 December 2009. It is expected that the New Ordinary Shares will commence trading fully paid on London Stock Exchange plc's main market for listed securities at 8.00 a.m. today.

In accordance with their underwriting obligations in respect of the Rights Issue, the Joint Global Co-ordinators will be seeking to procure subscribers for the remaining 34,027,069 New Ordinary Shares for which valid acceptances were not received. A further announcement as to the number of New Ordinary Shares for which subscribers have been procured will be made in due course.

Further information on the rights issue is available on the Company's website

Defined terms used in this announcement shall have the same meanings as in the Prospectus relating to the Rights Issue dated 11 November 2009, unless the context requires otherwise.


National Express Group PLC

Jez Maiden

+44 20 7506 4324

Nicole Lander

+44 121 460 8401

Maitland (Financial PR) 

+44 20 7379 5151

Neil Bennett 

George Hudson

BofA Merrill Lynch

+44 20 7628 1000

(Joint Sponsor, Joint Global Co-ordinator, Joint Bookrunner and Joint Lead Underwriter to the Rights Issue)

Simon Fraser (Corporate Broking)

Andrew Osborne (Corporate Broking)

Morgan Stanley

+44 20 7425 8000

(Joint Sponsor, Joint Global Co-ordinator, Joint Bookrunner and Joint Lead Underwriter to the Rights Issue)

Peter Moorhouse (Corporate Broking) 

Edward Knight (Corporate Broking)

Unless otherwise stated references to time contained in this announcement are to UK time. This announcement has been issued by and is the sole responsibility of National Express.


This announcement is for information purposes only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell, issue, or subscribe for any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Persons into whose possession this announcement or any such document comes should inform themselves about and observe any relevant legal restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

The information contained herein is not for forwarding, publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). These materials do not contain or constitute an offer for sale or the solicitation of an offer to purchase securities in the United States. The securities referred to herein (the "Securities") have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") or with any securities regulatory authority of any state or jurisdiction of the United States, and may not be offered or sold in the United States absent registration under the Securities Act or an available exemption from, or transaction not subject to, the registration requirements of the Securities Act. There will be no public offer of the Securities in the United States.

Each of Merrill Lynch International, Morgan Stanley & Co. International plc, Morgan Stanley Securities Limited, Barclays Bank PLC, RBS Hoare Govett Limited, Banco Bilbao Vizcaya Argentaria S.A., BNP PARIBAS, Commerzbank Aktiengesellschaft, and HSBC Bank plc (the "Banks") is acting exclusively for the Company and no-one else in relation to the Rights Issue and is not, and will not be, responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Rights Issue or any other matter referred to herein. Apart from the responsibilities and liabilities, if any, which may be imposed on the Banks by the FSMA, each of the Banks accepts no responsibility whatsoever and makes no representation or warranty, express or implied, for the contents of this announcement, including its accuracy, completeness or verification or for any other statement made or purported to be made by it, or on its behalf, in connection with the Company, the New Ordinary Shares, the Nil Paid Rights, the Fully Paid Rights or the Rights Issue, and nothing in this announcement is, or shall be relied upon as, a promise or representation in this respect, whether as to the past or future. Each of the Banks accordingly disclaim to the fullest extent permitted by law all and any responsibility and liability whether arising in tort, contract or otherwise (save as referred to above) which they might otherwise have in respect of this announcement or any such statement.

Each of the Banks may, in accordance with applicable legal and regulatory provisions and the terms of the Underwriting Agreement, engage in transactions in relation to the Nil Paid Rights, the Fully Paid Rights or Ordinary Shares and/or related instruments for its own account for the purpose of hedging its underwriting exposure or otherwise in connection with the Rights Issue. Except as required by applicable law or regulation, the Banks do not propose to make any public disclosure in relation to such transactions.

This announcement has been prepared for the purposes of complying with applicable law and regulation in the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the United Kingdom.

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

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