Closure of Subsidiary

8 Jun 2005 12:05

Berkeley Berry Birch PLC08 June 2005 Business Closure Berkeley Berry Birch plc ('BBB' or the 'Group') announced today that following the introduction of new regulatory requirements on 14th January 2005, its subsidiary Direct Protect Limited ('DPL'), a non-regulated network, is to cease trading. The closure will not result in any job losses and DPL is to enter into a creditors voluntary liquidation. Clifford Lockyer (Chairman and CEO) says: 'Following recent changes to the regulatory environment, DPL's service proposition has effectively become obsolete. Its closure is anticipated to have a minimal impact on the future of the Group. For further information contact: Clifford LockyerChairman and Chief Executive OfficerTelephone - 07967 680565 EndJune 8th, 2005 This information is provided by RNS The company news service from the London Stock Exchange