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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Cellcast plc (CLTV)

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Thursday 07 December, 2017

Cellcast plc

Update on the Lexinta fund and trading

RNS Number : 7058Y
Cellcast plc
07 December 2017

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.


07 December 2017

Cellcast plc

("Cellcast" or the "Company")


Update on the Lexinta fund and trading


Lexinta fund update


On the 13th November 2017, the Company issued an announcement regarding its investment in the Lexinta fund, the carrying value of which is currently stated in the Company's accounts at £754,358.


Despite continued attempts by the Company, the manager of the Lexinta fund has refused to engage in meaningful discussions with the fund's investors regarding the investments within the fund.


The Company is aware that a number of investors in the Lexinta fund have complained to FINMA, the Swiss financial regulators, and a large group of investors have filed a criminal complaint against the fund manager with the Swiss Department of Public Prosecutions. The Company understands that these filings have now been confirmed as being received and are being acted upon.


The Company has engaged lawyers in London and Zurich to advise it in pursuing the appropriate claims against the Lexinta fund, Lexinta AG (the manager of the fund) and the individual fund manager, Bismark Badilla.  The Company is also seeking to work with other investors in the Lexinta fund to pursue a complementary course of action, so as to ensure that the Company does not duplicate effort and work, and thereby save money, and maximise any returns.  The Company is currently considering the appropriate level of provision against the carrying value of its investment in the Lexinta fund.


The Company will issue a further update in due course to confirm actions taken, the level of any provision and progress achieved.


Current trading update


On the 13th November 2017 the Company commented on  its profitable trading since its new supplier agreements came into force in August 2017.  This positive trading has continued into the final months of the year and the Company now expects to reverse its first 6 months of losses in the second half of the year and show a small profit for the year as a whole (before any provision for the carrying value of its investments in the Lexinta fund).


The Company is cautiously optimistic about several of the new key initiatives it has undertaken in order to save costs and to generate new income streams going forward.  Whilst the issues with the Lexinta fund are not welcomed the Company has sufficient cash available to it for its working capital requirements.


For further information:


Cellcast plc

 020 3376 9420

Mike Neville - Non-Executive Chairman

Craig Gardiner - Chief Executive Officer

Emmanuelle Guicharnaud - Finance Director


Allenby Capital Limited (Nominated Adviser and Broker)

 0203 328 5656

Nick Naylor / James Reeve




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

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