(BCB) BCB Hldgs

Belize City, Belize, March 22, 2013 -- BCB Holdings Limited (London - AIM: BCB; Trinidad and Tobago Stock Exchange - BCBTT; Bermuda - BBHL) (the "Company") announces that as part of the regulatory process for the delisting of the Company's ordinary shares from the Trinidad and Tobago Stock Exchange, the Company has acquired 105,769 ordinary shares in the Company at 37 pence per share on March 22, 2013. The Company's holding in treasury shares following this acquisition amounts to 3,740,889 ordinary shares. Following the transaction, the total number of the Company's ordinary shares in issue less the treasury shares held is 100,113,633 ordinary shares.

For further information contact:

Makinson Cowell BCB Holdings

+1 (212) 994 9044 UK +44 (0)20 7248 6700

Belize +501 227 7178

Cenkos Securities (Nomad)

Nicholas Wells / Adrian Hargrave

+44 207 397 8920

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLLFSRVSIFFIV

26-02-13

BCB Holdings Ltd - 3rd Quarter Results

RNS

RNS Number : 7215Y

BCB Holdings Ltd

26 February 2013

BCB HOLDINGS LIMITED ANNOUNCES RESULTS FOR THE

THIRD QUARTER ENDED DECEMBER 31, 2012

Belize City, Belize, February 26, 2013 -- BCB Holdings Limited (London - AIM: BCB; Trinidad and Tobago Stock Exchange - BCBTT; Bermuda - BBHL) (the "Company")

Background Information

BCB Holdings Limited (BCBHL) is a parent holding company with no independent business operations or assets other than its investments in its subsidiaries, intercompany balances and holdings of cash and cash equivalents. BCBHL's businesses are conducted through its subsidiaries. BCBHL's subsidiary financial holding company, BB International Limited, owns the investments in The Belize Bank Limited (BBL), which is incorporated and based in Belize and focuses on the provision of financial services and lending to domestic clients, and Belize Bank International Limited, which is incorporated and based in Belize and focuses on the provision of financial services and lending to international clients. BCBHL also owns an international corporate services business based in Belize. Within Belize, BBL is the largest, full service commercial and retail banking operation with a head office in Belize City and thirteen branches extended into each of the six districts of Belize. The principal operations of BBL are commercial lending, consumer lending, deposit taking and related banking activities.

Financial Information

The financial information included in this report as at March 31, 2012 and December 31, 2012 and for the nine months ended December 31, 2012 reflects the performance of the businesses described above. The comparative income statement for the nine months ended December 31, 2011, reflects the impact of the demerger by the Company of Waterloo Investment Holdings Limited, which became effective on October 26, 2011. In accordance with accounting standards, the income statement for the nine months ended December 31, 2011 has been presented to separately disclose the results from continuing and discontinued operations.

Results - nine months ended December 31, 2012

On this basis, the Company reported a net income from continuing operations of $4.7m for the nine months ended December 31, 2012 (2011 - net loss $8.7m), and a net income per ordinary share from continuing operations for the nine months of $0.05 (2011 - net loss $0.09).

For further information contact:

Makinson Cowell BCB Holdings

+1 (212) 994 9044 UK +44 (0)20 7248 6700

Belize +501 227 7178

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

BCB Holdings Limited

Financial Information

Summarized Consolidated Statements of Income (unaudited)

US dollars in millions except per share data

	3 months ended December 31, 2012	3 months ended December 31, 2011	9 months ended December 31, 2012	9 months ended December 31, 2011

Interest income	10.0	10.1	29.5	31.0
Interest expense	(3.3)	(4.7)	(10.6)	(16.1)

Net interest income	6.7	5.4	18.9	14.9
Provision for loan losses	(0.8)	(4.1)	(3.2)	(11.9)
Net non-interest expense	(2.7)	(2.4)	(8.1)	(7.8)

Operating income (loss) - Financial Services	3.2	(1.1)	7.6	(4.8)
Corporate expenses	(1.1)	(1.3)	(2.9)	(3.9)

Net income (loss) - continuing operations	2.1	(2.4)	4.7	(8.7)
Net loss - discontinued operations	--	(10.7)	--	(0.6)

Net income (loss)	2.1	(13.1)	4.7	(9.3)

Earnings (loss) per share: basic and diluted
Net income (loss) - continuing operations	$0.02	$(0.02)	$0.05	$(0.09)
Net income (loss)- discontinued operations	$0.00	$(0.11)	$0.00	$(0.00)
Net income (loss)	$0.02	$(0.13)	$0.05	$(0.09)
Number of shares - (basic & diluted)	100.0m	100.0m	100.0m	100.0m

BCB Holdings Limited

Financial Information

Summarized Consolidated Balance Sheet (unaudited)

	December 31 2012 $m	March 31 2012 $m
Financial Services
Cash, cash equivalents and due from banks	128.3	146.7
Interest-bearing deposits with correspondent banks	35.0	31.0
Other securities	31.8	10.6
Government of Belize securities	40.9	18.5
Loans - net	373.6	375.7
Property, plant and equipment - net	15.7	15.1
Other assets	67.7	67.8
Total Financial Services assets	693.0	665.4
Corporate
Cash and cash equivalents	7.0	8.5
Other current assets	2.6	1.3
Total assets	702.6	675.2

Liabilities and shareholders' equity
Financial Services
Deposits	570.7	545.6
Interest payable	5.1	6.5
Other liabilities	6.5	8.0
Total Financial Services liabilities	582.3	560.1
Corporate
Current liabilities	6.6	5.9
Long-term liabilities	1.2	1.2
Total liabilities	590.1	567.2
Total shareholders' equity	112.5	108.0
Total liabilities and shareholders' equity	702.6	675.2

BCB Holdings Limited

Financial Information

Summarized Consolidated Statement of Cash Flows (unaudited)

9 Months ended December 31	2012 $m	2011 $m
Cash flows from operating activities
Net income (loss) from continuing operations	4.7	(9.3)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	1.3	1.1
Provision for loan losses	3.2	11.9
Decrease in interest payable	(1.4)	(1.7)
Changes in assets and liabilities - net	(2.0)	(0.1)

Net cash provided by operating activities - continuing	5.8	1.9
Net cash utilized by operating activities - discontinued	--	(4.3)
Net cash provided (utilized) by operating activities	5.8	(2.4)

Cash flows from investing activities
Purchase of property plant and equipment (net of disposals)	(1.9)	(3.1)
(Increase) decrease in interest-bearing deposits	(4.0)	0.8
(Increase) decrease in Government securities	(22.4)	10.4
Increase in other securities	(21.2)	(1.5)
Increase in loans to customers	(1.1)	(4.1)
Other	(0.2)	--

Net cash (utilized) provided by investing activities	(50.8)	2.5

Cash flows from financing activities
Increase in deposits	25.1	1.0
Decrease in long term debt	--	(0.6)

Net cash provided by financing activities	25.1	0.4

Net change in cash, cash equivalents and due from banks	(19.9)	0.5

Cash, cash equivalents and due from banks at beginning of period	155.2	130.2

Cash, cash equivalents and due from banks at end of period	135.3	130.7

-END-

This information is provided by RNS

The company news service from the London Stock Exchange

END

QRTEQLFLXLFXBBF

21-11-12

BCB Holdings Ltd - Half Yearly Report

RNS

RNS Number : 6221R

BCB Holdings Ltd

21 November 2012

Embargo for 7am Weds 21 Nov 2012

BCB HOLDINGS LIMITED

Results for the Second Quarter ended 30 September 2012

Belize City, Belize, November 21, 2012 -- BCB Holdings Limited (London - AIM: BCB; Trinidad and Tobago Stock Exchange - BCBTT; Bermuda - BBHL) (the "Company")

Background Information

BCB Holdings Limited's current operations are principally comprised of the parent company and its wholly owned Financial Services division which operates through Belize Bank Limited and internationally through Belize Bank International Limited, both of which are based in Belize. Within Belize, Belize Bank is the largest, full service commercial and retail banking operation with a head office in Belize City and thirteen branches extending into each of the six districts of Belize. The principal operations of Belize Bank are commercial lending, consumer lending, deposit-taking and related banking activities.

Financial Information

The financial information included in this report as at March 31, 2012 and September 30, 2012 and for the six months ended September 30, 2012 reflects the performance of the businesses described above. The comparative income statement for the six months ended September 30, 2011, reflects the impact of the demerger by the Company of Waterloo Investment Holdings Limited, which became effective on October 26, 2011. In accordance with accounting standards, the income statement for the six months ended September 30, 2011 has been presented to separately disclose the results from continuing and discontinued operations.

Results - six months ended September 30, 2012

On this basis, the Company reported a net income from continuing operations of $2.6m for the six months ended September 30, 2012 (2011 - net loss $6.3m), and a net income per ordinary share from continuing operations for the six months of $0.03 (2011 - net loss $0.06).

For further information contact:

Makinson Cowell BCB Holdings

+1 (212) 994 9044 UK +44 (0)20 7248 6700

Belize +501 227 7178

Nicholas Wells/Adrian Hargrave Cenkos Securities plc

UK +44 (0)20 7397 8900

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

BCB Holdings Limited

Financial Information

Summarized Consolidated Statements of Income (unaudited)

US dollars in millions except per share data

	3 months ended September 30, 2012	3 months ended September 30, 2011	6 months ended September 30, 2012	6 months ended September 30, 2011

Financial Services Interest income	10.1	9.3	19.5	20.9
Interest expense	(3.5)	(5.4)	(7.3)	(11.4)

Net interest income	6.6	3.9	12.2	9.5
Provision for loan losses	(2.0)	(4.7)	(2.4)	(7.8)
Net non-interest expense	(2.9)	(2.8)	(5.4)	(5.4)

Operating income (loss) - Financial Services	1.7	(3.6)	4.4	(3.7)
Corporate expenses	(0.9)	(1.4)	(1.8)	(2.6)

Net income - continuing operations	0.8	(5.0)	2.6	(6.3)
Net income - discontinued operations	--	4.0	--	10.1

Net income (loss)	0.8	(1.0)	2.6	3.8

Earnings (loss) per share: basic and diluted
Net income (loss) - continuing operations	$0.01	$(0.05)	$0.03	$(0.06)
Net income (loss)- discontinued operations	$0.00	$0.04	$0.00	$0.10
Net income (loss)	$0.01	$(0.01)	$0.03	$0.04
Number of shares - (basic & diluted)	100.0m	100.0m	100.0m	100.0m

BCB Holdings Limited

Financial Information

Summarized Consolidated Balance Sheet (unaudited)

	September 30 2012 $m	March 31 2012 $m
Financial Services
Cash, cash equivalents and due from banks	145.1	146.7
Interest-bearing deposits with correspondent banks	5.5	31.0
Government of Belize securities	43.4	18.5
Loans - net	367.8	375.7
Property, plant and equipment - net	15.9	15.1
Other assets	79.5	78.4
Total Financial Services assets	657.2	665.4
Corporate
Cash and cash equivalents	7.9	8.5
Other current assets	2.0	1.3
Total assets	667.1	675.2

Liabilities and shareholders' equity
Financial Services
Deposits	537.8	545.6
Interest payable	5.6	6.5
Other liabilities	6.0	8.0
Total Financial Services liabilities	549.4	560.1
Corporate
Current liabilities	6.1	5.9
Long-term liabilities	1.2	1.2
Total liabilities	556.7	567.2
Total shareholders' equity	110.4	108.0
Total liabilities and shareholders' equity	667.1	675.2

BCB Holdings Limited

Financial Information

Summarized Consolidated Statement of Cash Flows (unaudited)

6 Months ended September 30	2012 $m	2011 $m
Cash flows from operating activities
Net loss from continuing operations	2.6	(6.3)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	0.8	0.7
Provision for loan losses	2.4	7.8
Decrease in interest payable	(0.9)	(0.6)
Changes in assets and liabilities - net	(3.6)	(1.9)

Net cash provided (utilized) by operating activities - continuing	1.3	(0.3)
Net cash provided by operating activities - discontinued	--	5.6
Net cash provided by operating activities	1.3	5.3

Cash flows from investing activities
Purchase of property plant and equipment (net of disposals)	(1.6)	(0.2)
Decrease (increase) in interest-bearing deposits	25.5	(23.1)
Increase (decrease) in Government securities	(24.9)	2.9
Decrease in loans to customers	5.5	3.9
Other	(0.2)	--

Net cash provided by (utilized by) investing activities	4.3	(16.5)

Cash flows from financing activities
(Decrease) increase in deposits	(7.8)	22.9

Net cash (utilized) provided by financing activities	(7.8)	22.9

Net change in cash, cash equivalents and due from banks	(2.2)	11.7

Cash, cash equivalents and due from banks at beginning of period	155.2	130.2

Cash, cash equivalents and due from banks at end of period	153.0	141.9

-Ends-

This information is provided by RNS

The company news service from the London Stock Exchange

END

IR LLFVRLELIFIF

25-10-12

BCB Holdings Ltd - 1st Quarter Results

RNS

RNS Number : 4819P

BCB Holdings Ltd

25 October 2012

BCB HOLDINGS LIMITED ANNOUNCES RESULTS FOR THE

FIRST QUARTER ENDED JUNE 30, 2012

Belize City, Belize, October 25, 2012 -- BCB Holdings Limited (London - AIM: BCB; Trinidad and Tobago Stock Exchange - BCBTT; Bermuda - BBHL) (the "Company")

Background Information

Financial Information

The financial information included in this report as at March 31, 2012 and June 30, 2012 and for the three months ended June 30, 2012 reflects the performance of the businesses described above. The comparative income statement for the three months ended June 30, 2011, reflects the impact of the demerger by the Company of Waterloo Investment Holdings Limited, which became effective on October 26, 2011. In accordance with accounting standards, the income statement for the three months ended June 30, 2011 has been presented to separately disclose the results from continuing and discontinued operations.

Results - three months ended June 30, 2012

On this basis, the Company reported a net income from continuing operations of $1.8m for the three months ended June 30, 2012 (2011 - net loss $1.3m), the first quarter of fiscal 2013, and a net income per ordinary share from continuing operations for the quarter of $0.02 (2011 - net loss $0.01).

For further information contact:

Makinson Cowell BCB Holdings

+1 (212) 994 9044 UK +44 (0)20 7248 6700

Belize +501 227 7178

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

BCB Holdings Limited

Financial Information

Summarized Consolidated Statements of Income (unaudited)

US dollars in millions except per share data

3 Months ended June 30	2012 $m	2011 $m
Financial Services
Interest income	9.4	11.6
Interest expense	(3.8)	(6.0)

Net interest income	5.6	5.6
Provision for loan losses	(0.4)	(3.1)
Net non-interest expense	(2.5)	(2.6)

Operating income (loss) - Financial Services	2.7	(0.1)
Corporate expenses	(0.9)	(1.2)

Net income (loss) - continuing operations	1.8	(1.3)
Net income - discontinued operations	--	6.1

Net income	1.8	4.8

Earnings per ordinary share:
Basic and diluted:
Net income (loss) - continuing operations	$0.02	$(0.01)
Net income - discontinued operations	--	$0.06
Net income (loss)	$0.02	$0.05

Number of shares - basic and diluted	100.0m	100.0m

BCB Holdings Limited

Financial Information

Summarized Consolidated Balance Sheet (unaudited)

US dollars in millions

	June 30 2012 $m	March 31 2012 $m
Financial Services
Cash, cash equivalents and due from banks	160.2	146.7
Interest-bearing deposits with correspondent banks	24.6	31.0
Government of Belize securities	17.5	18.5
Loans - net	370.3	375.7
Property, plant and equipment - net	15.4	15.1
Other assets	76.7	78.4
Total Financial Services assets	664.7	665.4
Corporate
Cash and cash equivalents	8.2	8.5
Other current assets	1.6	1.3
Total assets	674.5	675.2

Liabilities and shareholders' equity
Financial Services
Deposits	545.9	545.6
Interest payable	5.5	6.5
Other liabilities	6.3	8.0
Total Financial Services liabilities	557.7	560.1
Corporate
Current liabilities	5.8	5.9
Long-term liabilities	1.2	1.2
Total liabilities	564.7	567.2
Total shareholders' equity	109.8	108.0
Total liabilities and shareholders' equity	674.5	675.2

BCB Holdings Limited

Financial Information

Summarized Consolidated Statement of Cash Flows (unaudited)

US dollars in millions

3 Months ended June 30	2012 $m	2011 $m
Cash flows from operating activities
Net loss from continuing operations	1.8	(1.3)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	0.3	0.3
Provision for loan losses	0.4	3.1
Decrease in interest payable	(1.0)	(1.2)
Changes in assets and liabilities - net	(0.4)	0.7

Net cash provided by operating activities - continuing	1.1	1.6
Net cash provided by operating activities - discontinued	--	6.8
Net cash provided by operating activities	1.1	8.4

Cash flows from investing activities
Purchase of property plant and equipment (net of disposals)	(0.6)	(0.5)
Decrease in interest-bearing deposits	6.4	--
Decrease in Government securities	1.0	8.3
Decrease in loans to customers	5.0	8.9

Net cash provided by (utilized by) investing activities	11.8	16.7

Cash flows from financing activities
Increase in deposits	0.3	6.5

Net cash utilized by financing activities	0.3	6.5

Net change in cash, cash equivalents and due from banks	13.2	31.6

Cash, cash equivalents and due from banks at beginning of period	155.2	130.2

Cash, cash equivalents and due from banks at end of period	168.4	161.8

This information is provided by RNS

The company news service from the London Stock Exchange

END

QRFKZLFLLBFEFBZ

28-09-12

BCB Holdings Ltd - Final Results

RNS

RNS Number : 3928N

BCB Holdings Ltd

28 September 2012

BCB HOLDINGS LIMITED ANNOUNCES INTERIM RESULTS FOR THE

THREE MONTHS AND TWELVE MONTHS ENDED MARCH 31, 2012

Belize City, Belize, September 28, 2012 -- BCB Holdings Limited (London - AIM - BCB; Trinidad and Tobago Stock Exchange - BCBTT; Bermuda - BBHL) (the "Company").

Background

The demerger by BCB Holdings Limited of Waterloo Investment Holdings Limited, which owns BCB Holdings Limited's former non-Belizean businesses, became effective on October 26, 2011 (the "Demerger"). The Demerger was the subject of a Circular to the Company's shareholders dated October 19, 2011 (the "Circular") to which reference should be made.

As a result of the Demerger, the Company's Financial Services division now operates principally through Belize Bank Limited and internationally through Belize Bank International Limited, both of which are based in Belize. Within Belize, Belize Bank is the largest, full service commercial and retail banking operation with a head office in Belize City and thirteen branches extending into each of the six districts of Belize. The principal operations of Belize Bank are commercial lending, consumer lending, deposit-taking and related banking activities.

Financial Information

The financial information included in this report, as at and for the periods ended March 31, 2012, reflects the impact of the Demerger, which became effective on October 26, 2011. In accordance with accounting standards, the income statements for the three month and twelve month periods ended March 31, 2012 have been presented to separately disclose the results from continuing and discontinued operations. All prior period financial information included in this report has been appropriately restated to present continuing operations and discontinued operations separately in the income statements for all periods and in the balance sheet at March 31, 2011.

Results - three months ended March 31, 2012

On this basis, the Company reported a net loss from continuing operations of $5.8m for the three months ended March 31, 2012 (2011 - net loss $19.6m), the final quarter of fiscal 2012, and a net loss per ordinary share from continuing operations for the quarter of $0.06 (2011 - net loss $0.20).

Results - twelve months ended March 31, 2012

For the twelve months ended March 31, 2012, the Company reported a net loss from continuing operations of $14.5m (2011 - net loss $19.7m). Loss per ordinary share from continuing operations for the twelve months ended March 31, 2012 was $0.14 (2011 - $0.20).

Balance sheet - at March 31, 2012

At March 31, 2012 total assets were $675.2m (March 31, 2011 - $962.3m) and net assets were $108.0m (March 31, 2011 - $421.3m), the March 31, 2012 figures fully reflecting the effects of the Demerger.

The annual report for the Company is being sent to shareholders today.

For further information contact:

Makinson Cowell BCB Holdings Limited

+1 (212) 994 9044 UK +44 (0)20 7248 6700

Belize +501 227 7178

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

BCB Holdings Limited

Financial Information

Summarized Consolidated Statements of Income (unaudited)

US dollars in millions except per share data

	3 months ended March 31, 2012	3 months ended March 31, 2011	12 months ended March 31, 2012	12 months ended March 31, 2012
Financial Services Interest income	9.8	10.2	40.8	43.8
Interest expense	(4.1)	(6.4)	(20.2)	(26.0)

Net interest income	5.7	3.8	20.6	17.8
Provision for loan losses	(7.7)	(19.7)	(19.6)	(22.9)
Net non-interest expense	(3.0)	(2.9)	(10.8)	(8.7)

Operating loss - Financial Services	(5.0)	(18.8)	(9.8)	(13.8)
Corporate expenses	(0.8)	(0.8)	(4.7)	(5.9)

Net loss - continuing operations	(5.8)	(19.6)	(14.5)	(19.7)
Net (loss) income - discontinued operations	(0.0)	(8.0)	(0.6)	12.4

Net loss	(5.8)	(27.6)	(15.1)	(7.3)

Earnings (loss) per share: basic and diluted
Net loss - continuing operations	$(0.06)	$(0.20)	$(0.14)	$(0.20)
Net (loss) income - discontinued operations	$(0.00)	$(0.08)	$(0.01)	$0.13
Net loss	$(0.06)	$(0.28)	$(0.15)	$(0.07)
Number of shares - (basic & diluted)	100.0m	100.0m	100.0m	100.0m

BCB Holdings Limited

Financial Information

Summarized Consolidated Balance Sheets (unaudited)

US dollars in millions

	March 31 2012 $m	March 31 2011 $m

Assets
Financial Services
Cash, cash equivalents and due from banks	146.7	122.4
Interest-bearing deposits with correspondent banks	31.0	27.2
Government of Belize securities	18.5	28.9
Loans - net	375.7	390.3
Property, plant and equipment - net	15.1	12.8
Other assets	78.4	77.1
Total Financial Services assets	665.4	658.7
Corporate
Cash and cash equivalents	8.5	7.8
Other current assets	1.3	0.4
Net assets - discontinued operations	--	295.4
Total assets	675.2	962.3


Liabilities and shareholders' equity
Financial Services
Deposits	545.6	515.3
Interest payable	6.5	9.0
Other liabilities	8.0	8.9
Long-term debt	--	0.6
Total Financial Services liabilities	560.1	533.8
Corporate
Other current liabilities	5.9	6.0
Long-term liabilities	1.2	1.2
Total liabilities	567.2	541.0
Shareholders' equity
Share capital	0.6	0.6
Additional paid in capital	52.8	52.4
Treasury shares	(21.6)	(21.6)
Retained earnings	76.2	389.9
Total shareholders' equity	108.0	421.3

Total liabilities and shareholders' equity	675.2	962.3

BCB Holdings Limited

Financial Information

Summarized Consolidated Statement of Cash Flows (unaudited)

Year ended March 31	2012 $m	2011 $m

Cash flow from operating activities
Net loss from continuing operations	(14.5)	(19.7)
Adjustments to reconcile net loss to net cash (utilized) provided by operating activities:
Depreciation	1.4	1.3
Provision for loan losses	19.6	22.9
(Decrease) increase in interest payable	(2.5)	0.9
Changes in assets and liabilities - net	(3.2)	(10.9)

Net cash provided (utilized) by operating activities - continuing	0.8	(5.5)
Net cash (utilized) provided by operating activities - discontinued	(3.4)	9.0
Net cash (utilized) provided by operating activities	(2.6)	3.5

Cash flows from investing activities
Purchase of property plant and equipment (net of disposals)	(3.7)	(3.0)
(Increase) decrease in interest-bearing deposits	(3.8)	44.6
Decrease (Increase) in Government securities	10.4	(28.9)
(Increase) decrease in loans to customers	(5.0)	19.7

Net cash (utilized) provided by investing activities	(2.1)	32.4

Cash flows from financing activities
Increase in deposits	30.3	30.1
Decrease in long-term debt	(0.6)	--

Net cash provided by financing activities	29.7	30.1

Net change in cash, cash equivalents and due from banks	25.0	66.0

Cash, cash equivalents and due from banks at beginning of year	130.2	64.2

Cash, cash equivalents and due from banks at end of period	155.2	130.2

-ENDS-

This information is provided by RNS

The company news service from the London Stock Exchange

END

FR EAFNXAFDAEAF

01-03-12

BCB Holdings Ltd - 3rd Quarter Results

RNS

RNS Number : 5224Y

BCB Holdings Ltd

01 March 2012

BCB HOLDINGS LIMITED ANNOUNCES INTERIM RESULTS FOR THE

THREE MONTHS AND NINE MONTHS ENDED DECEMBER 31, 2011

Belize City, Belize, March 1, 2012 -- BCB Holdings Limited (London - AIM - BCB; Trinidad and Tobago Stock Exchange - BCBTT; Bermuda - BBHL) (the "Company").

Background

As a result of the Demerger, the Company's Financial Services division now operates principally through Belize Bank Limited and internationally through British Caribbean Bank International Limited, both of which are based in Belize. Within Belize, Belize Bank is the largest, full service commercial and retail banking operation with a head office in Belize City and thirteen branches extending into each of the six districts of Belize. The principal operations of Belize Bank are commercial lending, consumer lending, deposit-taking and related banking activities.

Waterloo Investment Holdings Limited is now the holding company for the Company's non-Belizean businesses which comprise British Caribbean Bank Limited, a portfolio of other assets (principally loans in the Turks and Caicos Islands) and certain investments in associated companies with interests in edible oil processing and distribution operations and palm seed plantations principally in Costa Rica.

Financial Information

The pro forma financial effects of the Demerger on the Company as at and for the year ended March 31, 2011 are set out in the Circular.

The financial information included in this report, as at and for the periods ended December 31, 2011, reflects the impact of the Demerger, which became effective on October 26, 2011. In accordance with accounting standards, the income statements for the three month and nine month periods ended December 31, 2011 have been presented to separately disclose the results from continuing and discontinued operations. All prior period financial information included in this report has been appropriately restated to present continuing operations and discontinued operations separately in the income statements for all periods and in the balance sheet at March 31, 2011.

Results - three months ended December 31, 2011

On this basis, the Company reported a net loss from continuing operations of $2.4m for the three months ended December 31, 2011 (2010 - net loss $1.3m), the third quarter of fiscal 2012, and a net loss per ordinary share from continuing operations for the quarter of $0.02 (2010 - net loss $0.01).

For the three months ended December 31, 2011, the Company reported a net loss of $13.6m (2010 net income - $3.8m) and a net loss per ordinary share for the quarter of $0.14 (2010 net income - $0.04).

Results - nine months ended December 31, 2011

For the nine months ended December 31, 2011, the Company reported a net loss from continuing operations of $8.7m (2010 - net loss $0.1m). Loss per ordinary share from continuing operations for the nine months ended December 31, 2011 was $0.09 (2010 - $0.00).

For the nine months ended December 31, 2011, the Company reported a net loss of $9.8m (2010 - net income $20.3m) and net loss per ordinary share for the nine months of $0.10 (2010 net income - $0.20).

Balance sheet - at December 31, 2011

At December 31, 2011 total assets were $651.5m (March 31, 2011 - $951.6m) and net assets were $112.3m (March 31, 2011 - $421.3m), each fully reflecting the effects of the Demerger.

Cash flows - nine months ended December 31, 2011

At December 31, 2011, the Company had cash, cash equivalents and due from banks of $44.7m (March 31, 2011 - $43.2m), a positive movement of $1.5m.

Given the cash and non-cash effects of the Demerger, together with their impact on continuing and discontinued operations (as restated), a full cash flow statement split as to operating, investing and financing activities has not been separately disclosed in this interim announcement. The full cash flow impact on the continuing operations of the Company will be fully disclosed in the results announcement and in the audited consolidated financial statements for the year ending March 31, 2012.

For further information contact:

Makinson Cowell BCB Holdings Limited

+1 (212) 994 9044 UK +44 (0)20 7248 6700

Belize +501 227 7178

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

BCB Holdings Limited

Financial Information

Summarized Consolidated Statements of Income (unaudited)

US dollars in millions except per share data

	3 months ended December 31, 2011	3 months ended December 31, 2010	9 months ended December 31, 2011	9 months ended December 31, 2010

Financial Services Interest income	10.1	11.2	31.0	33.6
Interest expense	(4.7)	(6.7)	(16.1)	(19.6)

Net interest income	5.4	4.5	14.9	14.0
Provision for loan losses	(4.1)	(1.4)	(11.9)	(3.2)
Net non-interest expense	(2.4)	(2.3)	(7.8)	(5.8)

Operating (loss) income - Financial Services	(1.1)	0.8	(4.8)	5.0
Corporate expenses	(1.3)	(2.1)	(3.9)	(5.1)

Net (loss) - continuing operations	(2.4)	(1.3)	(8.7)	(0.1)
Net (loss) income - discontinued operations	(11.2)	5.1	(1.1)	20.4

Net (loss) income	(13.6)	3.8	(9.8)	20.3

Earnings (loss) per share: basic and diluted
Net (loss) - continuing operations	$(0.02)	$(0.01)	$(0.09)	$0.00
Net (loss) income - discontinued operations	$(0.12)	$0.05	$(0.01)	$0.20
Net (loss) income	$(0.14)	$0.04	$(0.10)	$0.20
Number of shares - (basic & diluted)	100.0m	100.0m	100.0m	100.0m

BCB Holdings Limited

Financial Information

Summarized Consolidated Balance Sheets (unaudited)

US dollars in millions

	December 31 2011 $m	March 31 2011 $m

Assets
Financial Services
Cash, cash equivalents and due from banks	44.7	43.2
Interest-bearing deposits with correspondent banks	102.8	82.2
Government of Belize securities	18.5	28.9
Loans - net	382.5	390.3
Property, plant and equipment - net	14.8	12.8
Other assets	77.7	77.4
Total Financial Services assets	641.0	634.8
Corporate
Cash and cash equivalents	9.6	--
Other current assets	0.9	0.4
Net assets - discontinued operations	--	316.4
Total assets	651.5	951.6


Liabilities and shareholders' equity
Financial Services
Deposits	516.3	504.6
Interest payable	7.3	9.0
Other liabilities	5.7	8.9
Long-term debt	--	0.6
Total Financial Services liabilities	529.3	523.1
Corporate
Other current liabilities	6.7	6.0
Long-term liabilities	3.2	1.2
Total liabilities	539.2	530.3
Shareholders' equity
Share capital	0.6	0.6
Additional paid in capital	52.4	52.4
Treasury shares	(21.6)	(21.6)
Retained earnings	80.9	389.9
Total shareholders' equity	112.3	421.3

Total liabilities and shareholders' equity	651.5	951.6

-ENDS-

This information is provided by RNS

The company news service from the London Stock Exchange

END

QRTZFLFBLXFEBBX

25-11-11

BCB Holdings Ltd - Director/PDMR Shareholding

RNS

RNS Number : 8267S

BCB Holdings Ltd

25 November 2011

Belize City, Belize, November 25, 2011 -- BCB Holdings Limited (London - AIM - BCB; Trinidad and Tobago Stock Exchange - BCBTT; Bermuda - BBHL) (the "Company"),

was notified on 24^th November 2011 that Peter Gaze, a Director of the Company, acquired an additional 30,000 ordinary shares in the Company on 23^rd November 2011 at an average price of 17.25 pence per share.

His total beneficial holding in the Company following this acquisition increased to 918,638 ordinary shares representing 0.9 per cent of the issued share capital of the Company.

For further information contact:

BB Holdings Limited Makinson Cowell

Belize +(501) 227 7178 +1 (212) 994 9044

UK +44 (0) 20 7248 6700

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSDKPDKABDDNDB

21-11-11

BCB Holdings Ltd - Interim Results for six months ended 30 Sept 2011

RNS

RNS Number : 4889S

BCB Holdings Ltd

21 November 2011

BCB HOLDINGS LIMITED ANNOUNCES INTERIM RESULTS FOR THE

SIX MONTHS ENDED SEPTEMBER 30, 2011

Belize City, Belize, November 21, 2011 -- BCB Holdings Limited (London - AIM - BCB; Trinidad and Tobago Stock Exchange - BCBTT; Bermuda - BBHL) (the "Company").

Background

Financial Information

The pro forma financial effects of the Demerger on the Company as at and for the year ended March 31, 2011 are set out in the Circular.

The financial information included in this report, as at and for the period ended September 30, 2011, is presented before the impact of the Demerger, which became effective subsequent to that date, namely October 26, 2011. The financial information included herein is presented as required by the rules of AIM.

On this basis, the Company reported a net loss of $1.1m (2010 - net income: $7.6m) for the three months ended September 30, 2011, the second quarter of fiscal 2012, and a net loss per ordinary share for the quarter of $0.01 (2010 - net earnings: $0.08).

For the six months ended September 30, 2011, the Company reported net income of $3.8m (2010 - $16.5m). Earnings per ordinary share for the six months ended September 30, 2011 was $0.04 (2010 - $0.17).

Net assets at September 30, 2011 were $425.1m (March 31, 2011 - $421.3m).

On a pro forma basis, assuming that the Demerger had taken place as of April 1, 2011, the Company's net loss for the six months ended September 2011 was $5.7m and the loss per ordinary share was $0.06. Net assets on a pro forma basis at September 30, 2011 was $120.4m.

For further information contact:

Makinson Cowell BCB Holdings Limited

+1 (212) 994 9044 UK +44 (0)20 7248 6700

Belize +501 227 7178

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

BCB Holdings Limited

Financial Information

Summarized Consolidated Statements of Income (unaudited)

US dollars in millions except per share data

	3 months ended September 30, 2011	3 months ended September 30, 2010	6 months ended September 30, 2011	6 months ended September 30, 2010

Financial Services Interest income	12.0	21.2	27.4	40.6
Interest expense	(9.9)	(10.9)	(20.1)	(21.9)

Net interest income	2.1	10.3	7.3	18.7
Provision for loan losses	(4.8)	(2.1)	(7.9)	(3.5)
Net non-interest expense	(3.5)	(3.7)	(5.6)	(4.4)

Operating (loss) income - Financial Services	(6.2)	4.5	(6.2)	10.8
Corporate expenses	(2.0)	(2.5)	(3.8)	(4.2)

Total operating (loss) income	(8.2)	2.0	(10.0)	6.6
Associates	7.1	5.6	13.8	9.9

Net (loss) income	(1.1)	7.6	3.8	16.5

Earnings per ordinary share: Basic and diluted:
Net (loss) income	$(0.01)	$0.08	$0.04	$0.17

Number of shares - basic and diluted	100.0m	100.0m	100.0m	100.0m

BCB Holdings Limited

Financial Information

Summarized Consolidated Balance Sheets (unaudited)

	September 30 2011 $m	March 31 2011 $m

Assets
Financial Services
Cash, cash equivalents and due from banks	48.1	43.2
Interest-bearing deposits with correspondent banks	137.4	99.5
Government of Belize Securities	25.9	28.9
Loans - net	721.5	764.5
Property, plant and equipment - net	17.4	18.0
Other assets	121.9	119.2
Total Financial Services assets	1,072.2	1,073.3
Corporate
Other current assets	0.7	0.4
Associates	133.2	125.8
Total assets	1,206.1	1,199.5


Liabilities and shareholders' equity
Financial Services
Deposits	614.5	612.2
Interest payable	9.5	11.9
Other liabilities	8.3	13.1
Long-term debt	139.8	133.8
Total Financial Services liabilities	772.1	771.0
Corporate
Current liabilities	7.7	6.0
Long-term liabilities	1.2	1.2
Total liabilities	781.0	778.2
Total shareholders' equity	425.1	421.3

Total liabilities and shareholders' equity	1,206.1	1,199.5

BCB Holdings Limited

Financial Information

Summarized Consolidated Statement of Cash Flows (unaudited)

6 months ended September 30	2011 $m	2010 $m

Cash flow from operating activities
Net income	3.8	16.5
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	0.7	0.7
Provision for loan losses	7.9	3.5
Undistributed earnings of associates	(7.4)	(4.4)
(Decrease) increase in interest payable	(2.4)	1.9
Changes in assets and liabilities - net	(6.1)	(8.6)

Net cash (utilized) provided by operating activities	(3.5)	9.6

Cash flows from investing activities
Purchase of property plant and equipment (net of disposals)	(0.1)	(3.4)
(Increase) decrease in interest-bearing deposits	(37.9)	26.4
Increase (decrease) in Government securities	3.0	(25.2)
Decrease (increase) in loans to customers	35.1	(3.2)

Net cash provided (utilized) by investing activities	0.1	(5.4)

Cash flows from financing activities
Increase (decrease) in deposits	2.3	(19.5)
Increase (decrease) in long-term debt	6.0	6.0
Net cash provided (utilized) by financing activities	8.3	(13.5)

Net change in cash, cash equivalents and due from banks	4.9	(9.3)

Cash, cash equivalents and due from banks at beginning of period	43.2	58.7

Cash, cash equivalents and due from banks at end of period	48.1	49.4

-END-

This information is provided by RNS

The company news service from the London Stock Exchange

END

IR QFLFLFFFEFBF

27-10-11

BCB Holdings Ltd - Completion of Demerger

RNS

RNS Number : 9232Q

BCB Holdings Ltd

26 October 2011

BCB Holdings Limited
Demerger of its Non-Belizean Businesses

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	Number of shares	Percentage of shares	Number of options	Number of warrants

Cheryl Jones	398,556	0.4%	0	0
Lyndon Guiseppi	5,000	0.0%	2,000,000	0
Peter Gaze	888,638	0.89%	0	14,923
Philip Osborne	215,890	0.15%	1,000,000	156,138
Dr Euric Bobb	0	0.0%	250,000	0
John Searle	263,609	0.3%	0	64,069
Philip Priestley	0	0.0%	0	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

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCPGGBPUUPGPPQ

19-10-11

BCB Holdings Ltd - Demerger of its Non-Belizean Businesses

RNS

RNS Number : 4665Q

BCB Holdings Ltd

19 October 2011

BCB Holdings Limited

Demerger of its Non-Belizean Businesses

Belize City, Belize, 19 October 2011. BCB Holdings Limited (London - AIM: BCB; Trinidad and Tobago Stock Exchange - BCBTT; Bermuda - BBHL) today announces that the Board is proposing to BCB Holdings Shareholders that the Company be reorganised by demerging its Non-Belizean Businesses into a new holding company, Waterloo Investment Holdings Limited, which has recently been incorporated in British Virgin Islands to become the new holding company for the Non-Belizean Businesses.

It is intended that the Demerger will be effected by way of the declaration and payment by BCB Holdings of a dividend in kind to Qualifying BCB Holdings Shareholders, followed by a capital reduction and repayment to those Qualifying BCB Holdings Shareholders satisfied by the transfer of the Non-Belizean Businesses and the New Loan Note to WIHL, in consideration for the issue of shares by WIHL to the Qualifying BCB Holdings Shareholders and the assumption by WIHL of the obligations of BCB Holdings under the Assumed Loan Notes by way of the issue of the WIHL Debentures to the Assumed Loan Noteholders.

The Company will be dispatching a circular to BCB Shareholders today containing further details of the Demerger.

THE DEMERGER

The Demerger will result in BCB Holdings Shareholders holding shares in two distinct entities, which will be the holding companies of two distinct groups with separate strategic, capital and economic characteristics and management teams:

· BCB Holdings, whose shares will continue to be admitted to trading on AIM, the Trinidad and Tobago Stock Exchange and the Bermuda Stock Exchange, will remain the owner of the largest banking operation in Belize, through Belize Bank, as well as international operations through BCB International.

· WIHL, whose shares are intended to be traded by JP Jenkins, will become the holding company for the Non-Belizean Businesses which have large exposure to the TCI through British Caribbean Bank. WIHL will also hold the interests in Associates.

The Demerger will constitute a fundamental change of business of the Company which, under Rule 15 of the AIM Rules, requires approval of BCB Holdings Shareholders. In accordance with the AIM Rules, the Company is required to send a circular to BCB Holdings Shareholders setting out the reasons for, and principal terms of, the Demerger and to seek BCB Holdings Shareholder approval for the Demerger. If the Resolution is passed, the Directors expect that, subject to the Directors considering at the Second BCB Holdings Board Meeting that the Demerger is in the best interests of the Company, the Demerger will become effective on 26 October 2011.

BACKGROUND TO THE DEMERGER

The BCB Holdings Board believes that the BCB Holdings Group currently consists of two geographically separated financial services businesses which, due to recent economic developments, have become diverse from each other and which possess very different economic drivers. Belize Bank and BCB International (which together form the principal assets of the Retained BCB Holdings Businesses) provide a comprehensive range of banking services to both retailing and commercial customers. In contrast, the business of the British Caribbean Bank group (which forms part of the Non-Belizean Businesses subject to the Demerger) focuses on the provision of lending and as such its assets are principally comprised of loans, which were in part funded by the BCB Holdings Loan Notes. These loans have a high concentration in asset backed lending to the tourism and property development sectors, which were in part funded by the BCB Holdings Loan Notes.

The BCB Holdings Board believes that, given the differences in both strategy and funding structure between these two financial services businesses, the BCB Holdings Group and, therefore its shareholders, would benefit from separation of these financial services businesses, which will assist each financial services business to focus on its individual strategic direction and realise its future growth potential. More specifically, the performance of the Retained BCB Holdings Businesses will continue to be closely linked to the general economic performance of Belize which has a diverse and increasingly indigenous economy with increased banking regulation and political influence in domestic business policy, whilst the performance of the Non-Belizean Financial Services Businesses will be more closely tied to the general economic performance of the Turks & Caicos Islands which are almost exclusively dependent on the tourism industry and related service sectors.

In addition, BCB Holdings Group holds an aggregate interest of approximately 25 per cent in Associates which own a successful edible oil and related products business based in Costa Rica with operations in Central America. The business and performance of Associates (the shareholding in which is to be owned by the Non-Belizean Businesses) is closely tied to world demand for palm oil and the world markets for edible oil bi-products. The Board believes that these should form part of WIHL going forward, as holding this interest as an investment fits more closely with the strategy of WIHL and the medium to long term nature of its portfolio of assets.

The Directors believe that the Demerger will demonstrate more clearly the value of the various diverse business sectors identified above and will thereby create improved potential for an increase in value for BCB Holdings Shareholders as a whole as investors will be able to analyse more closely each group's fundamentals. The Directors believe that an informed current value of BCB Holdings is not fully reflected at present in its share price, as BCB Holdings' shares are currently valued at a discount of more than 80 per cent. to its tangible net assets based on its share price as at 13 October 2011 and the latest audited financial statements as at 31 March 2011.

FINANCIAL EFFECTS OF THE DEMERGER

In the year ended 31 March 2011, BCB Holdings Group's financial services division reported an operating loss of US$21.9 million (2010 - operating income US$12.7 million) and BCB Holdings Group reported a net loss of US$7.3 million (2010 - net income US$25.9 million), with a loss per ordinary share of US$0.07 (2010 - earnings per ordinary share US$0.27).

On a pro forma basis, during this period, the Non-Belizean Financial Services businesses generated an operating loss of US$8.1 million and the assets and businesses forming the WIHL group generated net income of US$11.1 million.

At 31 March 2011, BCB Holdings Group reported total assets of US$1,199.5 million and net assets of US$421.3 million. On a pro forma basis, the assets and businesses forming the WIHL group represented US$564.3 million of the total assets and US$295.2 million of net assets.

BCB HOLDINGS BOARD AND THE BOARD OF DIRECTORS OF WIHL

Andrew Ashcroft and Philip Johnson will resign from the BCB Holdings Board and Cheryl Jones will become Chairman effective as at the date of the Demerger.

The board of directors of WIHL consist of Philip Johnson, Peter Gaze, Philip Osborne and Andrew Ashcroft.

RELATED PARTY TRANSACTION

The assumption by WIHL of the obligations under certain of the BCB Holdings Loan Notes (the "Assumption") and the Demerger are deemed to be related party transactions pursuant to Rule 13 of the AIM Rules, because (i) WIHL and BCB Holdings share common directors; (ii) they will have the same majority shareholder; and (iii) such majority shareholder and certain directors of BCB Holdings and WIHL have consented to the Assumption.

The Independent Directors, having consulted with the Company's nominated adviser, Cenkos Securities plc, consider that the terms of the Assumption and the Demerger are fair and reasonable insofar as the BCB Holdings Shareholders and BCB Holdings Warrant Holders are concerned.

BCB HOLDINGS LOAN NOTES

The Company will notify the Series 1 Loan Noteholders of its intention to repay the Series 1 Loan Notes.

The Company has obtained from the requisite majority of Series 2 Loan Noteholders (being the holders of not less than three-quarters of the nominal amount of the Series 2 Loan Notes) consent to the amendment of the Series 2 Loan Notes such that the obligations under Series 2 Loan Notes are assumed by WIHL which will issue WIHL Debentures to the Series 2 Loan Noteholders equal to the principal outstanding and carrying the obligation to pay all accrued interest and otherwise on the same terms as the Series 2 Loan Notes. The Company will cease to have any obligations under the Series 2 Loan Notes.

The Series 3 Loan Noteholder and Series 4 Loan Noteholder has consented to the assumption by WIHL of the obligations under the Series 3 Loan Notes and the Series 4 Loan Notes. WIHL will issue WIHL Debentures to the Series 3 Loan Noteholder and the Series 4 Loan Noteholder equal to the principal outstanding and carrying the obligation to pay all accrued interest and otherwise on the same terms as the Series 3 Loan Notes and the Series 4 Loan Notes. The Company will cease to have any obligations under the Series 3 Loan Notes and the Series 4 Loan Notes. As a condition to the consent of the Series 2 Loan Noteholders, the Series 3 Loan Noteholder and the Series 4 Loan Noteholder to the assumption by WIHL of the obligations under their respective BCB Holdings Loan Notes, WIHL has agreed to procure that Waterloo grants security over the interests in the Associates to the Series 2 Loan Noteholders, the Series 3 Loan Noteholder and the Series 4 Loan Noteholder. The security will be granted solely for the purpose of securing the repayment of the amounts outstanding under the Series 2 Loan Notes, Series 3 Loan Notes and Series 4 Loan Notes.

BCB HOLDINGS WARRANTS

The issue and subsequent cancellation of the BCB Holdings B Shares as part of the Demerger, constitute Adjustment Events (as defined in the Warrant Instruments), under the Warrant Instruments. The BCB Holdings Board has resolved that although these two events constitute two separate Adjustment Events, the cancellation of the BCB Holdings B Shares shall be deemed to constitute the only Adjustment Event for the purposes of each of the Warrant Instruments and hereby gives notice, pursuant to clause 2.3 of the Warrant Instruments, of such Adjustment Event. The cancellation of the BCB Holdings B Shares and therefore the occurrence of the Adjustment Event is conditional on the Demerger being approved at the Second BCB Holdings Board Meeting. Following the Adjustment Event, the Directors anticipate that the Exercise Price (as defined in each respective Warrant Instrument) for each BCB Holdings Warrant will be within the range of US$1.84 and US$2.05. An announcement confirming the Exercise Price will be made on or prior to the Demerger, once the Exercise Price has been certified by the Company's auditor, pursuant to the Warrant Instruments.

In addition, the BCB Holdings Board has resolved to reduce the notice period for notifying BCB Holdings Warrantholders of an Adjustment Event under the Warrant Instrument from 10 Business Days to 5 Business Days.

GENERAL MEETING

The Demerger will constitute a fundamental change of business of the Company for the purpose of Rule 15 of the AIM Rules, and accordingly completion of the Demerger is conditional upon, amongst other things, BCB Holdings Shareholder approval of the Resolution being obtained at the General Meeting, notice of which is expected to be sent to BCB Shareholders later today. The Resolution requires the approval of more than 50% of the votes cast at the General Meeting.

For further information contact:

BB 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.bbholdingslimited.com

DEFINITIONS

AIM	AIM, a market operated by the London Stock Exchange;
AIM Rules	the AIM rules for companies as published by the London Stock Exchange from time to time
Associates	Grupo Agroindustrial CB, S.A., Tower Strategic, Ltd., Mesocafta International, S.A. and BVI International Holdings, companies operating in the edible oil and related products business sector in Central America;
Assumed Loan Notes	a Series 2 Loan Note, Series 3 Loan Note or Series 4 Loan Note;
Assumed Loan Noteholder	a holder of a Series 2 Loan Note, Series 3 Loan Note or Series 4 Loan Note;
BCB Holdings or Company	BCB Holdings Limited, an international business company incorporated in Belize under the IBCA with registered number 1;
BCB Holdings B Shares	the 100,007,864 class B ordinary shares of US$4.40 par value each in the share capital of BCB Holdings;
BCB Holdings Board	the board of directors of BCB Holdings;
BCB Holdings Group	BCB Holdings and its subsidiary undertakings from time to time;
BCB Holdings Optionholder	a holder of a BCB Holdings Option;
BCB Holdings Options	outstanding options issued pursuant to the Long Term Incentive Plan;
BCB Holdings Shareholder	a holder of BCB Holdings Shares;
BCB Holdings Shares	the 100,007,864 ordinary shares without par value in the share capital of BCB Holdings;
BCB Holdings Warrantholders	a holder of a BCB Holdings Warrant;
BCB Holdings Warrants	the outstanding warrants issued by BCB Holdings pursuant to the Warrant Instruments;
BCB Holdings Loan Noteholder	a Series 1, Series 2, Series 3, or Series 4 Loan Noteholder (as applicable);
BCB Holdings Loan Notes	the Series 1, Series 2, Series 3, and Series 4 Loan Notes;
BCB International	British Caribbean Bank International Limited;
Belize Bank	The Belize Bank Limited;
British Caribbean Bank	British Caribbean Bank Limited, a bank licensed to carry on banking business in the TCI;
Demerger	the demerger of the Non-Belizean Businesses from the BCB Holdings Group;
Directors	the directors of BCB Holdings;
Dividend Record Date	21 October 2011
Ex Dividend Date	20 October 2011
First BCB Holdings Board Meeting	the meeting of the board of directors of BCB Holdings to be held on 20 October 2011 which is to resolve on the declaration and payment of a dividend distribution, in favour of Qualifying BCB Holdings Shareholders, of 100,007,864 BCB Holdings B Shares on the basis of 1 BCB Holdings B Share for each BCB Holdings Share
General Meeting	the general meeting of BCB Holdings to be held at 8.30 a.m. on 26 October 2011 (or any adjournment thereof)
IBCA	the International Business Companies Act, 1990 of Belize (as amended);
Independent Directors	the independent directors of BCB Holdings, being the Directors other than Andrew Ashcroft, Peter Gaze, Philip Johnson and Philip Osborne;
JP Jenkins	a division of Rivington Street Stockbrokers;
London Stock Exchange	London Stock Exchange plc;
New Loan Note	the loan note to be issued by Waterloo to BCB Holdings equal to the amount of principal and accrued interest on the Series 2 Loan Note, Series 3 Loan Note and Series 4 Loan Note as at the date of the transfer of Central American Holdings to Waterloo;
Non-Belizean Businesses	the Non-Belizean Financial Services Businesses, certain off shore business interests and services and BCB Holdings' approximate 25 percent interest in the Associates;
Non-Belizean Financial Services Businesses	the non-Belizean financial services businesses of BCB Holdings which are owned by Waterloo and its subsidiaries and are proposed to be transferred to WIHL pursuant to the Demerger, the principal assets and businesses being the British Caribbean Bank and loans associated with properties located in principally in the TCI;
Qualifying BCB Holdings Shareholders	the BCB Holdings Shareholders on the share register of BCB Holdings at the Dividend Record Date;
Resolution	the resolution set out in the notice of General Meeting;
Retained BCB Holdings Businesses	the financial services businesses of BCB Holdings which are owned directly by BCB Holdings or indirectly by B.B. International Limited and are proposed to be retained by BCB Holdings following the Demerger, the principal assets and businesses being Belize Bank and BCB International;
Second BCB Holdings Board Meeting	the meeting of the board of directors of BCB Holdings to be held on 26 October 2011 which is to resolve on, amongst other things: · the reduction of BCB Holdings' share capital by cancellation of all the BCB Holdings B Shares; · the transfer of BCB Holding's shares in Waterloo to WIHL in consideration for WIHL issuing 100,007,864 ordinary shares of US$1.00 par value to the Qualifying BCB Holdings Shareholders on the basis of one share in WIHL for each BCB Holdings B Share previously held; and · the transfer of the New Loan Note to WIHL in consideration for WIHL assuming the obligation of BCB Holdings under the Assumed Loan Notes by way of an issue of the WIHL Debentures to the Assumed Loan Noteholders;
Series 1 Loan Noteholder	a holder of a Series 1 Loan Note;
Series 2 Loan Noteholder	a holder of a Series 2 Loan Note;
Series 3 Loan Noteholder	a holder of a Series 3 Loan Note;
Series 4 Loan Noteholder	a holder of a Series 4 Loan Note;
Series 1 Loan Notes	US$50,000,000 10 percent fixed rate, unsecured loan notes due 2013 and issued pursuant to a loan note instrument dated 23 March 2007;
Series 2 Loan Notes	US$50,000,000 10 percent fixed rate, unsecured loan notes due 2014 and issued pursuant to a loan note instrument dated 10 October 2007;
Series 3 Loan Notes	US$57,000,000 10 percent fixed rate, unsecured loan notes due 2015 and issued pursuant to a loan instrument dated 31 March 2010;
Series 4 Loan Notes	US$60,000,000 10 percent fixed rate, unsecured loan notes due 2016 and issued pursuant to a loan instrument dated 31 March 2010;
TCI	the Turks & Caicos Islands;
Treasury Shares	the 3,635,120 ordinary shares without par value in the capital of BCB Holdings held by a subsidiary and a nominee of BCB Holdings in treasury;
United Kingdom or UK	the United Kingdom of Great Britain and Northern Ireland;
United States or US	the United States of America;
US$	the lawful currency of the United States of America;
Warrant Instruments	(i) the BCB Holdings warrant instrument dated 23 March 2007; and (ii) the BCB Holdings warrant instrument dated 10 October 2007;
Waterloo	Waterloo Capital Holdings Limited, a company incorporated in the British Virgin Islands with registered number 1628512 whose registered office is at Craigmuir Chambers, Road Town, Tortola, British Virgin Islands;
WIHL	Waterloo Investment Holdings Limited, a BVI business company with registered number 1628508 and registered office at Craigmuir Chambers, Road Town, Tortola, British Virgin Islands;
WIHL Debentures	the debentures to be issued by WIHL pursuant to its assumption of the obligations of BCB Holdings under the Assumed Loan Notes.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCFKLFFFBFXFBZ

Shares
- Shares
Funds
- Funds
- Featured Fund Manager
  - Hearthstone Investments
ISAs
- ISAs
SIPPs
- SIPPs
Investing
Spread Bet / CFD / FX
- Spread Betting and CFDs
- Forex
  - Why us?
  - New to Forex?
  - MT4
  - Desktop & web trading
  - Mobile trading
  - Tools
  - Learn
  - Charges
  - Legal
Research
Analysis & Opinion
Everyday Money

(BCB) BCB Hldgs

News

From our site

Regulatory

US dollars in millions except per share data

US dollars in millions except per share data

US dollars in millions except per share data

US dollars in millions except per share data

US dollars in millions except per share data

US dollars in millions except per share data

Share

Search

Information

Connect

Categories

Secondary links