CIHL.L Regulatory News (CIHL)

31 Aug 2005 08:19

BB Holdings Ltd31 August 2005 BB HOLDINGS LIMITED ANNOUNCES COMPLETION OF DEMERGER OF CARLISLE GROUP LIMITED Belize City, Belize, August 31, 2005 - Further to the announcement by BBHoldings Limited (NASDAQ: BBHL, London: BBHL) ('BB Holdings') on August 8, 2005of the proposed demerger of its UK and Ireland businesses to be effected througha dividend distribution (the 'BB Holdings Distribution') of shares in CarlisleGroup Limited (London: CXG) ('Carlisle Group'), the shares in Carlisle Groupwere admitted to trading on AIM today. The BB Holdings Distribution is thereforenow unconditional. Share certificates representing Carlisle Group shares will be dispatched shortlyto qualifying BB Holdings shareholders. Qualifying BB Holdings shareholders willreceive approximately two shares in Carlisle Group for each five BB Holdingsshares registered in their name at 4:00pm New York time on August 19, 2005. For any qualifying BB Holdings shareholders whose holding of (or interest in) BBHoldings shares is not exactly divisible by five, a fractional remainder willarise. All fractional remainders will be aggregated and sold in the market by BBHoldings for the benefit of Carlisle Group Limited. From today the Carlisle Group shares are tradeable and will be eligible forelectronic settlement through CREST in the United Kingdom in the form ofDepository Instruments. Forward Looking Statements Certain statements in this press release constitute 'forward looking statements'within the meaning of the Private Securities Litigation Reform Act of 1995. Inparticular, statements contained herein regarding the consummation and benefitsof future acquisitions, as well as expectations with respect to future revenues,operating efficiencies, net income and business expansion, are subject to knownand unknown risks, uncertainties and contingencies, many of which are beyond thecontrol of BB Holdings, which may cause actual results, performance orachievements to differ materially from anticipated results, performance orachievements. Factors that might affect such forward looking statements includeamong others, overall economic and business conditions, the demand for BBHoldings' services, competitive factors, regulatory approvals and theuncertainty of consummation of future acquisitions. Additional factors which mayaffect BB Holdings' businesses and performance are set forth in submissions byBB Holdings with the United States Securities and Exchange Commission (the SEC)which are available without charge from the SEC at www.sec.gov. For further information contact: BB Holdings Makinson Cowell +501 227 7178 +1 (212) 994 9044 Note: This and other press releases are available at the Company's web site: http://www.carlisleholdings.com This information is provided by RNS The company news service from the London Stock Exchange