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;
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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.

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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W.H. Ireland Group (WHI)

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Friday 20 May, 2011

W.H. Ireland Group


RNS Number : 9929G
W.H. Ireland Group PLC
20 May 2011

WH Ireland Group plc


("WH Ireland" or the "Company")


Disposal of interest in WHI Australia Pty Limited


WH Ireland announces that it has today disposed of its entire interest in the share capital of its associate WHI Australia Pty Limited ("WHIA"), the holding company of the Perth based stockbroking company, DJ Carmichael Pty Limited ("DJC"). DJC is a specialist Australian stockbroker firm providing stock broking services, international market access, financial planning, wealth management and corporate finance advice.


Pursuant to this transaction (the "Disposal"), WH Ireland has:


·    disposed of its entire holding of ordinary shares in WHIA ("WHIA Shares"), consisting of 45,945 ordinary shares (equivalent to approximately 37.28% of the ordinary share capital of WHIA) to existing staff and shareholders, with the majority being acquired by management of WHIA, for a total cash consideration of AUD$1,194,570 (approximately £785,121); and


·    disposed of the redeemable preference share it holds in WHIA, to WHIA, for a cash consideration of £175,000.


The cash consideration has been received by WH Ireland in full and the sale proceeds will be used as additional working capital for the WH Ireland group..


During the year ended 30 November 2010, WH Ireland recorded a share of the profit attributable to its holding in WHIA of £44,805. The book value of WH Ireland's interest in WHIA as at 30 April 2011 was £1,557,337.


Following the Disposal, WH Ireland no longer has any interest in the share capital of WHIA. 


Rupert Lowe, Chairman of WH Ireland, has acquired 4,300 of the WHIA Shares from WH Ireland as part of the Disposal resulting in his shareholding in WHIA increasing from 8,400 WHIA Shares (representing approximately 6.82% of the ordinary share capital of WHIA) to 12,700 WHIA Shares (representing 10.30% of the ordinary share capital of WHIA).  Rupert, who did not take part in the negotiations or WH Ireland's board decision regarding the Disposal, will also remain on the board of WHIA.


Following the reduction in the level of WH Ireland's holding in WHIA in October 2009 from approximately 76.63% to approximately 37.28%, the investment was reviewed along with the other longer term investments.  The WH Ireland board decided that the funds employed in Australia could be better deployed in developing its core activities in the UK, including the further support of its recently established market making activities.  WH Ireland has enjoyed a good working and personal relationship with the WHIA team in Perth and the board are confident that this will continue as WH Ireland and WHIA work together in the future on mutually beneficial commercial opportunities following a long history of co operation.


Paul Compton, the Company's Chief Executive commented: "This Disposal is the latest in WH Ireland's programme of realising certain of its investments which has since the beginning of September 2010, resulted in the realisation of approximately £3.2m of cash.  As a result, all WH Ireland's bank overdrafts have been repaid and sufficient cash has been made available to develop our market making and CFD trading businesses."


For the purpose of this announcement an exchange rate of £1: AUD$1.52151 has been assumed.


For further information please contact:



WH Ireland Group plc

+44 (0) 20 7220 1666

Paul Compton

Panmure Gordon (UK) Limited

+44 (0)20 7459 3600

Hugh Morgan/Abhishek Majumdar (Corporate Finance)

Adam Pollock (Corporate Broking)

Abchurch Communications

+44 (0)20 7398 7714

Joanne Shears / Oliver Hibberd





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

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