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AMCL Holdings Issues New Offer


any and all of the outstanding Ordinary Shares of
at a cash price of BDS$8.00 (US$4.00) per Ordinary Share

AMCL Holdings Limited, a wholly-owned subsidiary and affiliate of ANSA McAL Limited, hereby advises that effective as at 9:00 a.m. today, August 21, 2007, it amends its original offer to purchase any and all of the outstanding Ordinary Shares of The Barbados Shipping & Trading Company Limited (“BS&T”), by increasing the offer price for each Ordinary Share to BDS$8.00 (US$4.00).

The amended offer will be open for acceptance until 5:00 p.m. (Barbados time) on September 6, 2007, unless withdrawn or extended by the Offeror.
The amended offer is made pursuant to Section 6 of the original offer, and in accordance with By-laws 14(2), 14(4) and 29 of the Securities Industry (Take-Over)  By-Laws of the laws of Trinidad and Tobago and the Securities Act and Take-Over Bid Regulations of the laws of Barbados.

A Notice of Change and Variation containing the details of the amended offer, together with an amended circular is being mailed today to all registered shareholders of BS&T.

The amended offer will be subject to the conditions stated in the Notice of Change and Variation, including specifically that at least 50.1% of all of the issued and outstanding Ordinary Shares of BS&T or 37,737,972 Ordinary Shares in the aggregate (whichever is the higher), shall have been tendered pursuant to the offer as amended.

Shareholders are advised that except as amended, varied or supplemented as set forth in the Notice of Change and Variation, the terms and conditions stated in the Offer and Circular dated July 16, 2007, containing the terms of the original offer will continue to be applicable in all respects, and the Notice of Change and Variation should be read in conjunction with the Offer and Circular issued in connection with the original offer. 

Any questions and requests for assistance may be directed by Shareholders to the Dealer Manager or to AMCL Holdings Limited at their respective addresses below:

Royal Bank of Canada 
(Investment & Trust Services Department)
P.O. Box 68, Broad Street
Bridgetown, Barbados.

Attention: Mrs. Maureen Chung

Tel: (246) 467-4140 to (246) 467-4145
Fax: (246) 427-8393 or (246) 426-4139

 AMCL Holdings Limited
St. Michael, Barbados.

Attention: Mr. David Inglefield –  President

Tel: (246) 434-2901
Fax: (246) 228-1619

21 August, 2007


AMCL Holdings Limited
St. Michael, Barbados.

Amended Offer 21st August, 2007 pdf. doc- 134KB
Amended Investment Election Circular, 21st August, 2007  pdf.doc – 58KB


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