CIHL.L Regulatory News (CIHL)

17 Mar 2006 15:45

BB Holdings Ltd17 March 2006 BB HOLDINGS LIMITED ANNOUNCES INTENTION TO DELIST FROM NASDAQ Belize City, Belize, March 17, 2006 - The Board of Directors of BB HoldingsLimited (NASDAQ: BBHL, London: BBHL) (the "Company") today announces that theCompany has decided to cancel the listing of its shares on NASDAQ, with effectfrom May 12, 2006. Following the completion of the demerger of OneSource Services Inc., the Companyno longer has any business interests in the United States. In this context, theCompany has now concluded that the minimal trading volume in the ordinary sharesof the Company on NASDAQ, makes it uneconomical for the Company to retain aseparate listing in the United States. The Company's listing on AIM will beunaffected. The Company's businesses currently comprise of the Financial Services division,principally the Belize Bank, together with its 24 percent equity interest inNumar. The Company's strategy going forward includes an increasing focus onbusiness investment opportunities in the Caribbean region and not just inBelize. Forward Looking Statements Certain statements in this press release may constitute 'forward lookingstatements' within the meaning of the United States Private SecuritiesLitigation Reform Act of 1995. In particular, statements contained hereinregarding the consummation and benefits of future acquisitions, as well asexpectations with respect to future revenues, operating efficiencies, net incomeand business expansion, are subject to known and unknown risks, uncertaintiesand contingencies, many of which are beyond the control of the Company, whichmay cause actual results, performance or achievements to differ materially fromanticipated results, performance or achievements. Factors that might affect suchforward looking statements include among others, overall economic and businessconditions, the demand for the Company's services, competitive factors,regulatory approvals and the uncertainty of consummation of future acquisitions.Additional factors which may affect the Company's businesses and performance areset forth in submissions by the Company with the United States Securities andExchange Commission (the 'SEC'), which are available without charge from the SECat www.sec.gov. For further information contact: BB Holdings Makinson CowellBelize: +501 227 7178 +1 (212) 994 9044UK: +44 (0)20 7248 6700 Note: This and other press releases are available at the Company's web site: http://www.bbholdingslimited.com This information is provided by RNS The company news service from the London Stock Exchange