27 Apr 2016 09:29
B.S.D. CROWN LTD - Company UpdateB.S.D. CROWN LTD - Company Update
PR Newswire
London, April 27
BSD Crown Ltd. (LSE: BSD)
(the “Company”)
Company Update
Ramat Gan, 27 April 2016
Further to Company's announcements of 17 March 2016 and 1 April 2016 (the “Announcements”), the Company hereby announces that on 25 April 2016, the Trustee sold 415,679 ordinary shares of the Company on behalf of BGI which had been pledged in favour of the Trustee, on behalf of the Bondholders, in order to repay the outstanding fees and expenses of the Trustee and its legal counsel.Following the sale, BGI holds 27,100,000 ordinary shares of the Company representing 24.64 per cent. of the issued ordinary shares and the voting rights of the Company.
Terms used but not defined in this announcement are as defined in the Announcements.
Enquiries:
Yossi Schneorson, CEO: yossi@bsd-c.com