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

Neos Resources PLC (NEOS)

  Print      Mail a friend       Annual reports

Friday 20 April, 2012

Neos Resources PLC

Sale of IP and CRPS to Quinvita NV

RNS Number : 7214B
Neos Resources PLC
20 April 2012

NEOS Resources plc ("NEOS" or the "Company")


Sale of Intellectual Property and Cumulative Redeemable Preference Shares to Quinvita N.V. 



On 24 November 2010, NEOS announced the disposal of its subsidiaries Quinvita Limited ("Quinvita") and D1 Oils Plant Science Limited which owned and conducted substantially all of the Company's Jatropha plant science and technology activities, excluding its animal feed programme. NEOS received as consideration 800,000 5 per cent. preference shares of £1.00 each in Quinvita (the "Preference Shares"), which are redeemable by 1 November 2015, and an entitlement to various royalties on Jatropha revenues generated by the Quinvita group.


NEOS announces today that it has entered into a conditional agreement to sell to Quinvita N.V. the germplasm and intellectual property relating to the animal feed programme previously retained by the Company for a cash consideration of £300,000 and the Preference Shares in return for a secured loan of £372,000, accruing interest at 10 per cent. per annum ("Agreement"). The loan is to be secured over the germplasm and the animal feed programme intellectual property and is repayable within 5 years.


Both the animal feed programme and the Preference Shares have been fully written off in NEOS's accounts. In the 6 months ended 31 December 2011, the animal feed programme incurred costs of approximately £187,000 and no dividends were recognised in respect of the Preference Shares.


All other rights and obligations between the parties and members of their respective groups and associated parties, including approximately £60,000 of royalties due to NEOS, have (subject in the case of Quinvita to compliance by Quinvita with various terms of the Agreement) been waived.


NEOS will however retain the right to exploit in perpetuity at nil cost the current animal feed programme intellectual property and, at a preferential rate, any future improvements or modifications to the current animal feed programme intellectual property.


Completion of the Agreement is conditional upon Quinvita N.V., a subsidiary of Quinvita, concluding a share issue to raise €1,000,000 by no later than 1 June 2012.


Commenting on the sale, Steven Rudofsky stated:

 "The Board believes this to be an excellent deal for the Group as it enables us to liquidate our animal feed programme technology whilst retaining access to the technology on preferential terms and to secure repayment of £372,000 of the redeemable Preference Shares. The Group will utilise the proceeds to increase its working capital investment in its Indian operations which should enable it to generate increase profits in India."



NEOS Resources plc

Steven Rudofsky         +44 (0) 20 7499 5626

WH Ireland

Chris Fielding              +44 (0) 20 7220 0470

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