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

East West Resources (AMBR)

  Print      Mail a friend

Friday 02 November, 2012

East West Resources

Strategic Review and Management Changes

RNS Number : 1439Q
East West Resources PLC
02 November 2012

East West Resources plc


Strategy review and change in the executive management structure


East West Resourcesplc (the "Company" or the "Group"), the physical metals and energy trader, reports that it has, over the course of the past 12 months, rationalised its operating entities and divested itself of a number of non-core investments.  With a view to continuing to improve the Group's future profitability prospects, the Board is mindful of optimising the overall cost base and management structure as the Group seeks to position its trading activities more strategically in order to capitalize on new business opportunities.

Of the two remaining operating subsidiaries, Ambrian Metals Limited ("AML") continues to be the Group's cornerstone revenue generator, whilst Ambrian Energy GmbH ("AEG") has experienced difficult market conditions during 2012, leading to a sharp drop in premiums and markedly lower traded volumes.  Accordingly, the Company expects AEG to negatively affect the Group's financial results for the financial year ending 31 December 2012.  The Board does not currently expect the biofuel markets to improve materially in the foreseeable future.  Accordingly, the Company is reviewing various options designed to limit AEG's impact on the Group's future results and capital employed.  Any solution the Company implements will seek to improve the Group's ability to allocate increased resources to AML. 

As a result of the focus on physical commodity trading and investment activities, the Company intends to downsize corporate functions and Group overheads commensurate with the current activity levels.  In line with this strategy, Robert Ashley, is to stand down as Chief Executive as of 2 November 2012.  Mr Ashley has agreed to continue on the Board as a non-executive director of the Company.  In addition, Roger Clegg will be appointed Chief Operating Officer of the Company as of 2 November 2012.  Mr Clegg is currently Managing Director, Ambrian Asset Management.  Group executive responsibilities will be managed by an Executive Committee led by the Chief Operating Officer. The Executive Committee is responsible for implementing the Company's strategy, overseeing the business and setting financial and non-financial performance targets.  The Executive Committee comprises Mr Clegg, John Coles (the Finance Director) and the Managing Director of AML, Mark Homer.


Commenting on the restructuring and Mr Ashley's departure the Chairman, Mr Nathan Steinberg, said:


"Robert has done an admirable job in managing the business through a difficult transition period over the last 18 months.  During that time, marginal operations have been rationalised, the strategy has been focused and the Company is now positioned to leverage off the solid performance of its metal trading division to expand the Company's future footprint".



For further information please contact:


East West Resourcesplc

Roger Clegg, COO                                            +44 (0)20 7634 4785


Cenkos Securities plc                                                     

Jon Fitzpatrick                                                   +44 (0)20 7397 8900

Neil McDonald                                                  +44 (0)131 220 6939



Notes to Editors:


EWR is primarily active in the physical trading of base metals (mostly copper) and biofuel.  It sources and supplies a variety of commodities to end users all over the world. Supported by its offices in London, Hamburg and Shanghai and a network of agents in North and South America, Asia and the Middle East, EWR provides producers and consumers with its marketing insight whilst emphasizing the financing and risk management aspect of its trading activities.  EWR also holds and manages a number of equity investments.  EWR is quoted on the AIM section of the London Stock Exchange under the ticker symbol EWR.


Further information on East West Resources plc is available on the Company's website:

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