VOG 2005 New Thread

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kirkuk - Thu, 29 Dec 05 :

This is a copy of an email I received from DM on 15th Dec after I made representations to them about the article by GF. It was also verbally confirmed to me that indian3 was technician mentioned.

Dear M,

Thank you for your correspondence regarding the shares of VOG which I
have
investigated thoroughly. I am now in a position to tell you that I have
completed a full inquiry into the events of Dec 8th and 9th in relation
to
this matter.

I have concluded that there was certainly nothing untoward relating to
the
publication of the article which appeared in the newspaper on Friday
Dec
9th.

Information which led to the writing and publication of the piece in
Geoff
Foster's column only came into our offices after the market closed on
Thursday Dec 8th and several hours after there had been some
significant
trades.

The author - who holds no shares of any kind - and our City Editor
stand by
the story and their decision to publish the information it contained.
As
the Mail was being printed, however, a technician chose to post details
of
that story on the Advfn website.

The person concerned has been reprimanded, given an official written
warning and his access to such websites has been removed. However, I am
confident that the person concerned was not involved in the trading of
VOG
shares himself or through any third party.

His motive was to add what he thought would be a helpful contribution
to
the debate which was clearly already taking place on the bulletin
boards.

The Daily Mail subscribes to the PCC Code of Conduct relating to
Financial
Information which we take extremely seriously.

I am therefore extremely grateful to you for drawing this situation to
my
attention and giving me the opportunity to investigate. Despite my
satisfaction that in this case there is no cause for further action, I
have
used it as a reminder to all our journalists and support staff both
inside
the paper and at our print sites.

I am most appreciative for your assistance.

Best wishes for Christmas and a prosperous New Year,

Yours sincerely,




Charles A. Garside,
Assistant Editor


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