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:

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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.


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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SpaceandPeople PLC (SAL)

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Friday 01 July, 2016

SpaceandPeople PLC

Trading Update and Closure of S&P+ Limited

RNS Number : 8967C
SpaceandPeople PLC
01 July 2016

SpaceandPeople plc

("SpaceandPeople" or the "Group")

Trading Update and Closure of S&P+ Limited ("S&P+")

SpaceandPeople plc (AIM:SAL) announces the following trading update of the Group.

The Group's UK and German retail operations are performing in line with expectations.  The UK has seen an increase in venues and we have a strong pipeline of UK venues with whom we are in varying stages of discussion.  The reinvigorated retail offer "POP Retail" has seen excellent traction so far and we are again currently hitting our internal budgets for this product.  In addition, the MPK (Mobile Promotions Kiosk) has achieved its 75th installation and is on track to achieve the budgeted 80-100 installed units in the UK by the end of the year.

The Group's core UK and German promotion businesses are also trading in line with expectations and the Board is pleased with revenues being generated under the new Network Rail and British Land contracts.

However, S&P+ which operates a venture in a niche sector distinct from SpaceandPeople's core businesses, has now been significantly curtailed and has insufficient prospects in both the short and medium term to allow it to trade profitably.

S&P+ had planned to book substantial business deals in June which they had been working on for some time. These deals have been both delayed and cancelled entirely by clients.  This has resulted in considerable cash flow constraints for the S&P+ business and the Board of SpaceandPeople, which owns 51% of S&P+, does not consider it prudent to continue funding the venture beyond that already provided.

The closure of S&P+ will have an effect on the Group's consolidated results for 2016. The loan of £425,000 that SpaceandPeople has provided to S&P+ will be written off as will approximately £50,000 of intercompany debts resulting in a one-off loss of approximately £275,000. In addition to this, S&P+ had been expected to contribute £180,000 of profit before taxation ("PBT") to the consolidated SpaceandPeople group results for 2016 which will now be a loss of approximately £200,000 instead. This does not have a negative cash impact on the Group and the core business will continue to be cash generative going forward.  The Board of SpaceandPeople expects PBT of the Group from continuing operations after minority interests and excluding S&P+, in 2016 will be broadly comparable with prior year.

Matthew Bending, CEO of SpaceandPeople commented: "Obviously, we are very disappointed about this outcome and understand the impact this will have on the employees of S&P+, however, the core UK and German promotions and retail businesses are trading in line with our internal expectations and we are very happy with the development of the MPK programme, the rejuvenation of "POP Retail" and the strong pipeline of UK venues with whom we are in discussion about joining our service. We do not see the decision on closing S&P+ as having any negative effect on the core business."


SpaceandPeople Plc

0845 241 8215

Matthew Bending, Gregor Dunlay





Cantor Fitzgerald Europe

020 7894 7000

David Foreman, Will Goode (Corporate Finance)

David Banks (Sales)




About SpaceandPeople plc:

SpaceandPeople facilitates and manages promotional space for marketing campaigns and retailing in shopping centres and other high footfall locations, such as theme parks and railway stations. SpaceandPeople is at the forefront of developing the concept of space as an advertising and promotional medium. It offers consumer brands the opportunity to promote their products through direct engagement with consumers through a mix of experiential marketing events and complementary above the line advertising and multimedia campaigns. SpaceandPeople offers a comprehensive service covering brokerage, consultancy and venue centric media buying. SpaceandPeople is independently funded and its shares are admitted to trading on AIM. The Company acquired Retail Profile, the RMU specialist, in May 2010 and operates in the UK, Germany, India and Russia.


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

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