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:

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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.

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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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Wednesday 23 December, 2009

KiFin Limited

Offer Extension for Minerva P

RNS Number : 6598E
KiFin Limited
23 December 2009


23 December 2009


(a company that makes investments that are ultimately for the benefit of Mr Nathan Kirsh and his family)

Cash Offer for Minerva plc ("Minerva")

Offer for Minerva extended until 1.00 p.m. on 4 January 2010.


KiFin announces that its Offer, which remains subject to the terms and the condition set out or referred to in the Offer Document posted to Minerva Shareholders on 23 November 2009, is extended to, and will remain open for acceptance until, 1.00 p.m. on 4 January 2010 (the "Third Closing Date").

Levels of Acceptance


As at 1.00 p.m. (London time) on 23 December 2009, being the Second Closing Date of the Offer, KiFin had received valid acceptances in respect of 826,202 Minerva Shares, representing approximately 0.51 per cent. of the issued share capital of Minerva. None of the acceptances were received from persons acting in concert with KiFin or were in respect of Minerva Shares which were subject to an irrevocable commitment or a letter of intent procured by KiFin or any of its associates (no such irrevocable commitment or letter of intent having been procured). 


In addition, KiFin and persons acting in concert with it hold a further 48,255,994 
Minerva Shares, representing approximately 29.94 per cent. of the issued share capital of Minerva


Accordingly, as at 1.00 p.m. on 23 December 2009, KiFin either owned or had received valid acceptances of its Offer which it may count towards the satisfaction of the Condition to the Offer in respect of a total of 49,082,196 Minerva Shares,  representing, in aggregate, approximately 30.45 per cent. of the issued share capital of Minerva.


Acceptance Condition

The Offer requires acceptance by Minerva Shareholders in respect of Minerva Shares representing 50 per cent. of the Minerva Shares, including the 48,255,994 Minerva Shares already owned by KiFin and persons acting in concert with it.

The Offer will extend to all Minerva Shares unconditionally allotted or issued (including to satisfy the exercise of options granted under the Minerva Share Schemes) after the Announcement Date and before the date the Offer closes (or such earlier date as KiFin may, in accordance with the Condition and further terms of the Offer, decide).

The Minerva Shares will be acquired by KiFin fully paid and free from all liens, equitable interests, charges and encumbrances and other interests whatsoever and together with all rights now or hereafter attaching thereto, including the right to receive in full and retain all dividends and other distributions (if any) declared, made or paid on or after the Announcement Date.


Procedure for acceptance of the Offer 


To accept the Offer in respect of certificated Minerva Shares, the Form of Acceptance should be completed, signed and returned to Computershare as soon as possible, but in any event so as to arrive not later than 1.00 p.m. (London time) on the Third Closing Date. Acceptances in respect of uncertificated Minerva Shares should be made electronically through CREST so that the TTE instruction settles not later than 1.00 p.m. on the Third Closing Date.

The procedure for acceptance (including the additional requirements for those Minerva Shareholders who hold their Minerva Shares in uncertificated form) is set out in paragraph 13 of Part I of the Offer Document and, in respect of holders of Minerva Shares in certificated form, in the Form of Acceptance.

If you have any questions on the completion of the Form of Acceptance, please telephone Computershare on 0870 707 1829 from within the UK or on + 44 870 707 1829 if calling from outside the UK. Calls to the number cost approximately 10 pence per minute from a BT landline. Other network providers' costs may vary. Lines are open 9.00 a.m. to 5.00 p.m. (London time) Monday to Friday (except UK public holidays). Calls to the helpline from outside the UK will be charged at the applicable international rate. Different charges may apply to calls from mobile telephones and calls may be recorded and randomly monitored for security and training purposes. The helpline cannot provide advice on the merits of the Offer nor give any financial, legal or tax advice.

Further Information 

Copies of the Offer Document and the Form of Acceptance are available (during normal business hours) from Computershare, Corporate Actions Projects, Bristol BS99 6AH.

A copy of all announcements made by KiFin and documents sent by KiFin, including the Offer Document and this announcement, are available at:

Terms used in this announcement have the meaning given to them in the Offer Document. 


The Communication Group

Tel: 020 7630 1411

Richard Evans/Tom Nutt

Investec Investment Banking

Tel: 020 7597 5970

Charles Batten

James Rudd

Duncan Williamson 

Investec Investment Banking, a division of Investec Bank plc, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for KiFin and no one else in connection with the Offer and will not be responsible to anyone other than KiFin for providing the protections afforded to clients of Investec Investment Banking nor for providing advice in relation to the Offer, the contents of this announcement, or the Form of Acceptance.

This announcement is not intended to and does not constitute or form any part of an offer to sell or an invitation to purchase or the solicitation of an offer to subscribe for any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the Offer or otherwise. The Offer will be made solely through the Offer Document and, in the case of certificated Minerva Shares, the Form of Acceptance, which will together contain the full terms of and conditions to the Offer, including details of how to accept the Offer. Any acceptance or other response to the Offer should be made only on the basis of the information to be contained in the Offer Document and, in the case of certificated Minerva Shares, the Form of Acceptance.

It may be difficult for US holders of Minerva Shares and other securities to enforce their rights and any claim arising out of the US securities laws, since KiFin and Minerva are incorporated outside of the United States, and some or all of their respective officers and directors may be resident outside of the United States. US holders of Minerva Shares may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the US securities laws. Further, it may be difficult to compel a foreign company and its affiliates to subject themselves to a US court's judgment.

To the extent permitted by applicable law, in accordance with, and to the extent permitted by, the City Code and normal UK market practice and Rule 14e-5 under the Exchange Act, KiFin or its nominees or brokers (acting as agents) or their respective affiliates may from time to time make certain purchases of, or arrangements to purchase, Minerva Shares, other than pursuant to the Offer (including on behalf of third parties), before or during the period in which the Offer remains open for acceptance. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. Such purchases, or arrangements to purchase, will comply with all applicable UK rules, including the City Code and the rules of the London Stock Exchange, and Rule 14e-5 under the Exchange Act to the extent applicable. In addition, in accordance with, and to the extent permitted by, the City Code, normal UK market practice and Rule 14e-5 under the Exchange Act, Investec and their respective affiliates will continue to act as exempt principal traders in Minerva Shares on the London Stock Exchange and engage in certain other purchasing activities consistent with their respective normal and usual practice and applicable law, including Rule 14e-5 under the Exchange Act. Any information about such purchases will be disclosed on a next Business Day basis to the Panel on Takeovers and Mergers and, to the extent that such information is required to be publicly disclosed, will be available from any Regulatory Information Service including the Regulatory News Service on the London Stock Exchange website, To the extent that such information is made public in the United Kingdom, this information will also be publicly disclosed in the United States. 

The receipt of cash pursuant to the Offer by a US holder may be a taxable transaction for US federal income tax purposes and under applicable US state and local, as well as foreign and other tax laws. Each holder of Minerva Shares is urged to consult his independent professional adviser immediately regarding the tax consequences of acceptance of the Offer. 

The distribution of this announcement in jurisdictions other than the United Kingdom or the United States may be restricted by the laws of those jurisdictions and therefore persons into whose possession this announcement comes should inform themselves about, and observe any such restrictions. Failure to comply with any such restrictions may constitute a violation of the securities laws of any such jurisdiction.

Unless otherwise determined by KiFin, the Offer is not being, and will not be, made, directly or indirectly, in or into or by the use of the mails of, or by any other means (including, without limitation, electronic mail, facsimile transmission, telex, telephone, internet or other forms of electronic communication) of interstate or foreign commerce of, or any facility of a national securities exchange of any Restricted Jurisdiction (as defined herein) and will not be capable of acceptance by any such use, means or facility or from within any such Restricted Jurisdiction. Accordingly, unless otherwise determined by KiFin, copies of this announcement and any documentation relating to the Offer (including, without limitation, the Offer Document and Form of Acceptance) are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in or into or from any Restricted Jurisdiction and persons receiving such documents (including custodians, nominees and trustees) must not mail or otherwise forward, distribute or send any such documents in or into or from any such Restricted Jurisdiction, as doing so may invalidate any purported acceptance of the Offer. Any person (including, without limitation, custodians, nominees and trustees) who would, or otherwise intends to, or who may have a contractual or legal obligation to, forward this announcement and/or the Offer Document and/or the Form of Acceptance (if applicable) and/or any other related document to any jurisdiction outside the United Kingdom or the United States should inform themselves of, and observe, any applicable legal or regulatory requirements of any relevant jurisdiction. Neither the SEC nor any US state securities commission has approved or disapproved this Offer or passed upon the adequacy or completeness of this announcement or any other documentation relating to the Offer (including, without limitation, the Offer Document and Form of Acceptance). Any representation to the contrary is an offence.

It is the responsibility of each Overseas Shareholder to inform himself, herself or itself about and observe any applicable legal requirements. No Restricted Overseas Shareholder receiving a copy of this announcement, the Offer Document and/or a Form of Acceptance in any jurisdiction other than the UK or the United States may treat the same as constituting an invitation or offer to him and in such circumstances, this announcement, the Offer Document and/or Form of Acceptance are sent for information only. It is the responsibility of any Overseas Shareholder receiving a copy of the Offer Document and/or Form of Acceptance and wishing to accept the Offer to satisfy himself as to the full observance of the laws and regulatory requirements of the relevant jurisdiction in connection with the Offer, including obtaining any governmental, exchange control or other consents which may be required, and compliance with other necessary formalities needing to be observed and payment of any issue, transfer or other taxes or duties due in such jurisdiction. Any such Overseas Shareholder will be responsible for any such issue, transfer or other taxes or duties by whomsoever payable and KiFin (and any person acting on behalf of KiFin) shall be fully indemnified and held harmless by such Overseas Shareholder for any such issue, transfer or other taxes or duties or other requisite payments as KiFin (and any person acting on behalf of KiFin) may be required to pay.

This announcement has been prepared for the purpose of complying with English law and the City Code 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 of jurisdictions outside England, including those of the United States.

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

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