1.1 The information contained in this web site has been prepared solely for the purpose of providing general information about Monarch and its group of companies. It does not constitute an offer, invitation, recommendation or solicitation to buy or to sell or otherwise deal or invest (or refrain from dealing or investing) in any shares or other securities or derivatives of Monarch, its subsidiaries or any other company and must not be relied upon for any purpose in connection with any investment decision or other activity, in relation to which you must make your own independent assessment after seeking such advice and carrying out such investigation as you deem necessary.

1.2 The Monarch web site is not directed to any person or class of persons in any jurisdiction where (by reason of that person's nationality, residence or otherwise) the publication or availability of the Monarch web site is prohibited. Persons in respect of whom such prohibitions apply must not access the Monarch web site and access to and/or viewing of the web site is expressly prohibited by Monarch.

1.3 Monarch has taken care in the preparation of the content of this web site but no warranty is given as to the accuracy or completeness of the information contained in any of the materials on the web site (including, without limitation, any opinions, recommendations, projections or forecasts) and to the full extent permitted by applicable law Monarch disclaims all warranties express or implied as to the accuracy, fitness for purpose or completeness or any use of such information. Monarch reserves the right to revise the information on the web site and this legal notice at any time without any obligation to notify past, current or prospective visitors.

1.4 By accessing this web site you agree that Monarch shall not be liable to any person for any special, incidental, indirect consequential loss or damage (including, without limitation, loss of profits or revenues, cost of replacement goods, loss or damage to data) which may arise from the use of or inability to use this web site or use or reliance on any of the information published in connection with this web site (including material accessed via hyperlinks from this web site). We accept liability without limit for fraud or for death or injury to the extent it results from our negligence or the negligence of our employees or agents in the course of their engagement hereunder.

1.5 Monarch gives no warranty that the functions contained in the web site will be uninterrupted or error-free or that this site or its server will be free of any viruses or other harmful components. Further, your experience of the web site may differ depending on the applications or hardware that you are using to access the web site.

1.6 Certain (hypertext) links in this web site will lead to web sites which are not under the control of Monarch. Third party links are included solely for your convenience and do not constitute any endorsement by Monarch of third party products or services. When you activate these you will leave the Monarch web site and Monarch has no control over and will accept no liability in respect of the material on any web site which is not under the control of Monarch.

1.7 One of the features of this web site is that this legal notice can be accessed at certain pages by clicking the clearly marked link button.


2.1 This web site, including, but not limited to, text, content, photographs, video, audio, graphics, menus, news items, url, location and any other materials is protected by registered and/or unregistered copyright, database rights, patents, trade marks, design rights and other intellectual and proprietary rights of whatever nature, that either belong to or are licensed to us. Any individual article, report and other element making up the site may be copyright works. You agree to abide by all additional copyright notices or restrictions contained in this website. You acquire no proprietary interest in our website, its material or content and may not use them in any way except as expressly permitted by these terms. You may print or download any part of these materials for personal use only and subject to the following conditions:

(a) The materials may be used only for non-commercial purposes. The copies must retain any copyright or other intellectual property notices contained in the original material. Use other than set out here could lead to action for breach of copyright.

(b) Any trademarks or names used on this web site are trademarks or names of Monarch or its subsidiaries or any named third party and Monarch grants you no rights or licences of any kind in respect of their use.


3.1 Should you choose to download content and/or material from the website (“Downloads”), you must do so in accordance with these Terms.

3.2 Such Download is permitted on a non-exclusive, non transferable, non sub-licensable, worldwide basis provided:

(a) You use any Download solely for those purposes specified on the web site or as otherwise authorised by Monarch.

(b) You must not use, sell, resell, lend, let, distribute or pursue any other income generating activity with such Download without the authorisation of Monarch.

(c) You shall, in downloading or making print copies of such Download, retain on such Download and/or print copies all copyright notices and shall remain bound by the terms of such notices.

3.3 You do not have the right to edit, modify or alter any Download.

3.4 We do not guarantee the completeness or continuous availability of Downloads, and you may need to install and use certain software in order to download materials from the web site.


4.1 Our website is provided on an "as is" and "as available" basis. We agree to use our reasonable endeavours to maintain this website in a fully operating condition, but we cannot guarantee that this will always be the case. In particular, certain elements of this web site may require the use of certain software (for example Adobe Flash Player or Ajax) and your experience of the web site may differ depending on your method of access.

4.2 We reserve the right to restrict or suspend your access to this website or any part of it at any time without notice for security, general administration, maintenance or any other reason. We will inform you of such action if reasonably possible.

4.3 You agree that you will only use this website in a manner that is consistent with these Terms and in such a way as to ensure compliance with all applicable laws and regulations. In particular, you will not use this website to create and transmit any material which is defamatory, offensive, or of an obscene or menacing nature, or which may, in our judgment, cause annoyance, inconvenience or anxiety to any person, or post any files that contain viruses, corrupted files, or take any other action that would change or destroy any programs forming part of this website.


This legal notice shall be governed by and construed in accordance with English law and by accessing this site you consent to the exclusive jurisdiction of the Courts of England and Wales. If any provision of these disclaimers and exclusions shall be unlawful, void or for any reason unenforceable then that provision shall be deemed severable and shall not affect the validity and enforceability of the remaining provisions.