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”).

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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.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

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.

COOKIES

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.

HOW WE USE INFORMATION

We store and use information you provide as follows:

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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.

ACCESS TO YOUR INFORMATION AND CORRECTION

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.

WHERE WE STORE YOUR PERSONAL DATA

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.

CHANGES TO OUR PRIVACY POLICY

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.

OTHER WEBSITES

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.

CONTACT

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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Helical PLC (HLCL)

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Tuesday 14 November, 2017

Helical PLC

SALE OF NON-CORE RETIREMENT VILLAGES FOR £102M

RNS Number : 3820W
Helical PLC
14 November 2017
 

14 November 2017                             

HELICAL PLC

('Helical'/ 'the Company')

HELICAL MAKES NON-CORE DISPOSAL WITH £102M SALE OF RETIREMENT VILLAGES PORTFOLIO

 

Helical plc announces the sale of its retirement villages portfolio to Legal & General for £102 million. As part of the transaction, Helical has transferred the £46 million of debt secured against the portfolio to the purchaser and will receive 50% of the total net sale proceeds of £51m on completion, with the remainder deferred for 12 months.

 

The portfolio comprises four retirement villages located at Liphook in Hampshire, Faygate in West Sussex, Exeter in Devon and Great Alne in Warwickshire. The villages are at varying stages of development but on completion, the four schemes will deliver 694 units in total.

 

The disposal represents the largest element of the Company's non-core disposal programme and its sale will see a reduction in Helical's overall level of Group debt with the net cash proceeds received used to repay borrowings, and a reduction in LTV of circa 5%. The sale, at a discount of 13% to its book value of £117m, enables Helical to substantially complete its disposal strategy for non-core assets and will be reflected in the half year results for the period to 30 September 2017 to be announced tomorrow, the 15th November 2017. In the year to 31 March 2017, the retirement village portfolio generated pre-tax profits of £1.8m before provisions against stock of £5.3m, a net loss before tax of £3.5m.


Following this sale, non-core assets comprise just 4% of the Group's total portfolio. The Group's core focus remains on
high-quality London and Manchester offices and the logistics sector.

 

Gerald Kaye, CEO of Helical, commented: "Whilst we have generated good profits in the past from our retirement village portfolio we firmly believe that now is the right time to sell our interests, reduce our gearing and focus solely on our core sectors where we expect to be able to generate stronger Shareholder returns in the future."

 

For further information please contact:

Helical


Gerald Kaye / Tim Murphy

Tel: 020 7629 0113



FTI Consulting


Dido Laurimore/Tom Gough/Richard Gotla

Tel: 020 3727 1000

 


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