29 Apr 2016 16:39
B.S.D. CROWN LTD - Company UpdateB.S.D. CROWN LTD - Company Update
PR Newswire
London, April 29
BSD Crown Ltd. (LSE: BSD)
(the “Company”)
Company Update
Ramat Gan, 29 April 2016
The Company hereby announces that it will not be able to publish its annual financial statement for the year ended 31 December 2015 (the “Annual Financial Statements”) by 30 April 2016, as it is required to do by the Listing Rules and the Disclosure and Transparency Rules. The Company is awaiting confirmation from certain of its banks relating to the status of certain deposits held with such institutions, in a form acceptable to the Company’s auditors, the absence of which means that the Company’s auditors are unable to complete their audit of the Annual Financial Statements.
The Company is working with its auditors and advisers in order to try and obtain such documents as soon as practicable.
Share suspension
Given the delay in publishing the Annual Financial Statements, the Company has requested that trading in its shares be temporarily suspended with effect from 3.15pm UK time today pending the publication of the Annual Financial Statements.
The Company will provide further updates.
Enquiries:
Yossi Schneorson, CEO: yossi@bsd-c.com
Moran Attar, Financial Controller: moran@bsd-c.com