NASDAQ Delisting
17 Mars 2006 - 4:45PM
UK Regulatory
RNS Number:0022A
BB Holdings Ltd
17 March 2006
BB HOLDINGS LIMITED ANNOUNCES INTENTION TO DELIST FROM NASDAQ
Belize City, Belize, March 17, 2006 - The Board of Directors of BB Holdings
Limited (NASDAQ: BBHL, London: BBHL) (the "Company") today announces that the
Company has decided to cancel the listing of its shares on NASDAQ, with effect
from May 12, 2006.
Following the completion of the demerger of OneSource Services Inc., the Company
no longer has any business interests in the United States. In this context, the
Company has now concluded that the minimal trading volume in the ordinary shares
of the Company on NASDAQ, makes it uneconomical for the Company to retain a
separate listing in the United States. The Company's listing on AIM will be
unaffected.
The Company's businesses currently comprise of the Financial Services division,
principally the Belize Bank, together with its 24 percent equity interest in
Numar. The Company's strategy going forward includes an increasing focus on
business investment opportunities in the Caribbean region and not just in
Belize.
Forward Looking Statements
Certain statements in this press release may constitute 'forward looking
statements' within the meaning of the United States Private Securities
Litigation Reform Act of 1995. In particular, statements contained herein
regarding the consummation and benefits of future acquisitions, as well as
expectations with respect to future revenues, operating efficiencies, net income
and business expansion, are subject to known and unknown risks, uncertainties
and contingencies, many of which are beyond the control of the Company, which
may cause actual results, performance or achievements to differ materially from
anticipated results, performance or achievements. Factors that might affect such
forward looking statements include among others, overall economic and business
conditions, 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 are
set forth in submissions by the Company 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
Belize: +501 227 7178 +1 (212) 994 9044
UK: +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
END
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