Oct 2011 Financial News

BCB Holdings Limited - Completion of Demerger Announcement

Oct 31, 2011

Belize City, Belize, 26 October 2011. BCB Holdings Limited (London - AIM: BCB; Trinidad and Tobago Stock Exchange - BCBTT; Bermuda - BBHL) (the "Company") today announces that at the General Meeting of the Company held today, a resolution approving the reorganisation of the Company and its subsidiaries (the "Group") by the demerger of the Group's non-Belizean businesses to Waterloo Investment Holdings Limited ("WIHL") was approved. The board of directors of the Company has also approved all relevant steps and the demerger is now effective. Ordinary shares in WIHL will be traded on JP Jenkins from 27 October 2011 on a matched bargain basis.

In addition, the Company confirms that Andrew Ashcroft and Philip Johnson have now stepped down from the board of Directors and Cheryl Jones is now non-executive Chairman.

The Company also confirms that the new exercise price for the warrants, which are admitted to trading on AIM, is US$1.95 and that the options in the Company have also been amended to reflect an exercise price of US$1.95. The options vest and become exercisable in three equal instalments on August 1 2012, August 1 2013 and August 1 2014 and they lapse on August 1 2019. The interests held in the Company by the Directors are as follows:

Director: Cheryl Jones
Number of shares: 398,556
Percentage of shares: 0.4%
Number of options: 0
Number of warrants: 0

Director: Lyndon Guiseppi
Number of shares: 5,000
Percentage of shares: 0.0%
Number of options: 2,000,000
Number of warrants: 0

Director: Peter Gaze
Number of shares: 888,638
Percentage of shares: 0.89%
Number of options: 0
Number of warrants: 14,923

Director: Philip Osborne
Number of shares: 215,890
Percentage of shares: 0.15%
Number of options: 1,000,000
Number of warrants: 156,138

Director: Dr Euric Bobb
Number of shares: 0
Percentage of shares: 0.0%
Number of options: 250,000
Number of warrants: 0

Director: John Searle
Number of shares: 263,609
Percentage of shares: 0.3%
Number of options: 0
Number of warrants: 64,069

Director: Philip Priestley
Number of shares: 0
Percentage of shares: 0.0%
Number of options: 0
Number of warrants: 0


For further information contact:
BCB Holdings Limited
Belize +501 227 7178
UK +44 (0)20 7248 6700

Cenkos Securities plc
Nicholas Wells / Adrian Hargrave +44 (0)20 7397 8900

Note: This and other press releases are available at the Company's web site:
http://www.bcbholdings.com


Source:
The Trinidad and Tobago Stock Exchange Limited
Monday October 31, 2011