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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Bumi plc (ARMS)

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Monday 22 April, 2013

Bumi plc

Bumi plc requests temporary share suspension

RNS Number : 8406C
Bumi plc
22 April 2013




22 April 2013


For Immediate Release




Bumi plc ("Bumi" or "the Company")


Bumi plc requests temporary share suspension pending finalisation of results



On 12 April 2013 Bumi announced that further work with regard to the completion of its financial results for 2012, and in particular a review of the integrity of a number of items on the balance sheet of its subsidiary PT Berau Coal Energy Tbk, was continuing and that as a result there was a likelihood that the publication of these results would need to be delayed beyond 24 April 2013.


It is now clear that Bumi will not be able to publish audited full year results before the end of April 2013, being the latest time permissible under the UK's Disclosure and Transparency Rules.


After consultation with the UK Listing Authority, Bumi has requested that trading in its shares be temporarily suspended with effect from 07:30 today until the publication of these results. Bumi expects that this suspension will be lifted on publication of results. The Company's priority and focus is the production of results at the earliest possible date in May.


The new management team at Berau is overseeing a full audit review and, as previously announced, certain expenditures relating to hauling roads and land compensation payments in 2012 will not be capitalised and will be treated as costs. No significant additional issues have been identified to date.


Berau management is now fully verifying all existing material contracts and has an action plan in place to complete this review allowing publication of audited results.  The team is working closely with PwC, its auditors, as well as with Ernst & Young, hired as consultants to provide expertise and resources to expedite the process in order to ensure that all legacy issues are identified and disclosed.


This review is not expected to have any impact on on-going operations. The mines continue to perform in line with expectations and a number of cost-saving initiatives, in particular a significant reduction in strip ratios, are already yielding results.


The separation from the Bakrie Group and Bumi Resources is on track and a circular will be sent to shareholders to approve this transaction as soon as possible. In addition, the process of appointing a new independent chairman is well advanced and a number of candidates have been interviewed.


Nick von Schirnding, chief executive of Bumi, said,  "We are taking all necessary steps to create a clean and transparent company with a balance sheet in which investors can have confidence. Verifying the balance sheet is a necessary step to rebuild investor trust and to achieve that a temporary suspension in trading is required. It is critical that Bumi is able to draw a line under any historic issues before we move ahead with our clear strategy for value optimisation focused on Berau. "




For enquiries, please contact:


RLM Finsbury

Ed Simpkins / Charles O'Brien        

+44 (0) 20 7251 3801


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

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