Aug 2007 Financial News

NML Announcement

Aug 10, 2007

ANNOUNCEMENT

Neal & Massy Holdings Limited wishes to advise that, by letter dated 9th August 2007, it has informed the Board of Directors of the Barbados Shipping & Trading Company Limited (“BS&T”) of its intention to make a Take-Over Bid for 100% of the shareholding in BS&T.

The necessary documents have been lodged with the Trinidad and Tobago Securities and Exchange Commission and the Barbados Securities Commission.

Neal & Massy is of the opinion that its proposed Take-Over Offer is superior to the Offer recently made by the Ansa Mc Al Group.

Shareholders of BS&T should expect to receive a formal Offer and Take-Over Bid Circular giving details of Neal & Massy’s Offer, shortly after the necessary approvals are received from the Trinidad and Tobago Securities and Exchange Commission and the Barbados Securities Commission.

For more information about the Neal & Massy Group, visit our corporate website at www.neal-and-massy.com


Source:
The Daily Express, Page 65
Friday August 10, 2007