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

Caledonian Trust PLC (CNN)

  Print      Mail a friend       Annual reports

Friday 17 February, 2017

Caledonian Trust PLC

Update on Brunstane development and further loan

RNS Number : 2304X
Caledonian Trust PLC
17 February 2017


17 February 2017

Caledonian Trust plc

("Caledonian Trust" or the "Company")

Update on Brunstane development and additional unsecured loan from Leafrealm Limited


Update on Brunstane development


On 16 September 2016, the Company announced that it had entered into an agreement with Leafrealm Limited ("Leafrealm") to put in place a loan facility of up to £360,000 (the "Brunstane Loan Facility") in order to provide funding for the anticipated costs to be incurred in the construction of two new semi-detached houses at Brunstane Road South, Edinburgh, Scotland (the "Construction"). Leafrealm is a company controlled by Douglas Lowe, Caledonian Trust's Chairman, Chief Executive and major shareholder.


As at the date of this announcement, a total of £310,000 has been drawn down under the Brunstane Loan Facility. The Board intends to continue to draw down on the Brunstane Loan Facility until the Construction has been completed.


As previously announced, the Company had entered into a building contract with Richmond Homes (Scotland) Limited ("Richmond") for the Construction, which the Board originally had envisaged would be complete by the end of January 2017.


However, the Construction has experienced unexpected delays with the building contractor and the Board has recently been notified that Richmond appointed a liquidator in February 2017. As a consequence, the Company is now seeking a replacement building contractor to complete the Construction.


The Board now expects the Construction to complete in Q2 2017. As previously announced, the Board intends to repay amounts drawn down under the Brunstane Loan Facility from the future sale proceeds of the two houses.


Additional unsecured loan from Leafrealm


Leafrealm has provided an additional loan of £100,000 to the Company (the "Further Loan") to provide the Company with further working capital. The Further Loan is separate to the Brunstane Loan Facility already in place.


The Further Loan was agreed on the following key terms:


-     The Further Loan accrues an annual interest rate equivalent to the base rate of the Bank of Scotland from time to time (currently 0.25%). Interest shall be paid in quarterly instalments;

-     The Further Loan will not be convertible into new ordinary shares in the Company;

-     The Further Loan is repayable on demand by Leafrealm giving 12 months and 1 day's written notice requiring repayment;

-     The Further Loan has no specific loan maturity date; and

-     The Further Loan is unsecured.

Following the provision of the Further Loan, the aggregate amount advanced by Leafrealm to the Company across the various loan arrangements (including the amount drawn down under Brunstane Loan Facility) totals £3,990,000 as at the date of this announcement.





Caledonian Trust plc


Douglas Lowe, Chairman and Chief Executive Officer

Tel: 0131 220 0416

Mike Baynham, Finance Director

Tel: 0131 220 0416





Allenby Capital Limited

(Nominated Adviser and Broker)


Nick Athanas

Charles Donaldson

Tel: 0203 328 5656









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