Revised loan note issue date
25 Octobre 2007 - 4:30PM
UK Regulatory
RNS Number:3772G
BB Holdings Ltd
25 October 2007
BB Holdings Limited ("BB Holdings" or the "Company") revision of timetable for
placing of US$50,000,000 loan notes and 11,094,442 warrants to subscribe for new
ordinary shares of the Company at an exercise price of US$6.50 per new ordinary
share
Belize City, Belize, October 25, 2007. On October 11, 2007, the Company
announced a placing of US$50,000,000 10 per cent. series 2 fixed rate,
unsecured, loan notes with a maturity date of November 2, 2014, together with
11,094,442 warrants to subscribe for new ordinary shares of the Company at an
exercise price of US$6.50 per new ordinary share, until August 2, 2014 (the
"Warrants") (the "Placing").
The Company announced at that time that it would seek admission of the Warrants
to be issued pursuant to the Placing to be sought for November 2, 2007. However,
in view of the postal strikes which have occurred, it has come to the directors'
attention that several shareholders received their Placing documents later than
anticipated and therefore, the Company is extending the period for requests to
take part in the Placing for an additional two weeks and admission to AIM for
the Warrants will now be sought on November 21, 2007.
Contacts:
BB Holdings Limited Makinson Cowell Cenkos Securities plc
Belize +501 227 7178 +1 (212) 994 9044 +44 (0)20 7397 8900
UK +44 (0)20 7248 6700
This information is provided by RNS
The company news service from the London Stock Exchange
END
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