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Company's shares in public hands

8 Feb 2017 13:10

B.S.D. CROWN LTD - Company's shares in public hands

B.S.D. CROWN LTD - Company's shares in public hands

PR Newswire

London, February 8

BSD Crown Ltd. (LSE: BSD)

(the “Company”)

Ramat Gan, Israel, 8 February 2017

Company’s shares in public hands

The Company refers to the “Notification of Major Interests in Shares” announcements of 2 and 6 February 2017 as well as to its announcements of 22 and 28 September 2016 regarding the tender offer for shares in the Company by Yossi Willi Management and Investments Ltd (the “Tender Offer”).

Following the acquisition (directly and indirectly) by Mr. Yossi Williger of 7.94% of the Company’s issued and outstanding share capital pursuant to the Tender Offer, and in light of the clarification provided by Mr. Zwi Williger as to the fact that he holds (directly and/or indirectly) 9.996% of the Company’s issued and outstanding share capital, the Company believes that the number of shares of the Company currently held in “public hands” for the purposes of Chapter 14 of the listing rules made under section 74 of the Financial Services and Markets Act 2000 (as amended) (the “Listing Rules”) has fallen to approximately 12.6%, which is significantly below the 25% threshold required (subject to certain exceptions) under Chapter 14 of the Listing Rules .

The Company has informed the Financial Conduct Authority (the “FCA”) of such development and is considering its future actions. Shareholders should be aware that under the Listing Rules, in the event that the percentage of shares in public hands falls below 25 per cent., the FCA has the power to cancel the Company’s listing. If the listing is cancelled there will no longer be an exchange on which the Company’s shares can be readily traded. Trading in the Company’s shares remains currently suspended pending the Company filing its audited accounts.

The Company will provide further updates in due course.

Enquiries:

Gregory Gurtovoy, Chairman of the Board: office@bsd-c.com

Date   Source Headline
13th Dec 20178:43 amPRNNOTICE OF RESTORATION OF LISTING
13th Dec 20177:30 amRNSRestoration of Listing
7th Dec 20179:43 amPRNCompany Updates
4th Dec 20174:24 pmPRNPublication of 30 June 2017 Financial Statement
4th Dec 20177:00 amPRNHolding(s) in Company
4th Dec 20177:00 amPRNHolding(s) in Company
30th Nov 20173:46 pmPRNCorrection : Publication of 2015 and 2016 Annual Reports
30th Nov 20172:33 pmPRNPublication of 2015 and 2016 Annual Reports
25th Sep 201712:17 pmPRNResults of Extraordinary General Meeting
5th Sep 20172:13 pmPRNCorrection of Results of EGM held on 5 MAY 2017
4th Sep 20178:19 amPRNNotice of Extraordinary General Meeting
22nd Aug 20173:58 pmPRNSale of Company Shares
4th Aug 20178:48 amPRNCompany updates
20th Jun 201712:44 pmPRNCompany Update: Meinl Bank Deposit
1st Jun 20173:58 pmPRNAppointment of a Director
17th May 201710:44 amPRNCorrection of Results of Meeting Held on 5 May 2017
16th May 20174:45 pmPRNCorrection of Results of Meeting Held on 5 May 2017
9th May 20179:59 amPRNAppointment of Chairman and appointment of Director
5th May 20173:50 pmPRNResults of Extraordinary General Meeting
4th May 20172:13 pmPRNBoard Changes
4th May 20179:00 amPRNNotice of GM
26th Apr 201710:11 amPRNNotice of GM
24th Apr 20172:13 pmPRNNotice of General Meeting
5th Apr 20175:54 pmPRNFurther Adjournment of General Meeting
27th Mar 20171:37 pmPRNSubmission of forms of proxy or forms of direction
23rd Mar 20173:56 pmPRNAdjournment of General Meeting
20th Mar 20178:43 amPRNCompany Update
13th Mar 201711:36 amRNSGeneral Meeting of Shareholders of BSD Crown Ltd.
2nd Mar 20173:47 pmPRNNotice of an Extraordinary General Meeting
23rd Feb 201712:45 pmPRNNotice of an Extraordinary General Meeting
9th Feb 20179:53 amRNSRequisition of General Meeting
8th Feb 20171:10 pmPRNCompany's shares in public hands
8th Feb 201710:27 amPRNChange of control over BGI shares in the Company
6th Feb 20177:03 amPRNNotification of Major Interest in Shares - Correction
6th Feb 20177:00 amPRNTR-1: Notification of Major Interest in Shares
2nd Feb 20179:25 amPRNNotifictaion of Major Interest in Shares
2nd Feb 20179:17 amPRNNotification of Major Interest in Shares
24th Jan 201710:42 amPRNChange of control over BGI shares in the Company
24th Jan 20178:01 amRNSResults of Cash Offer
20th Jan 20171:07 pmRNSOffer Update: End of Acceptance Period
18th Jan 201711:46 amPRNChange of control over BGI shares in the Company
12th Jan 20178:04 amPRNCompany Update - Share Pledge
4th Jan 20179:45 amPRNParent Company Announcement - Share Pledge
14th Dec 201610:46 amRNSOffer Update
5th Dec 20169:42 amPRNAppointment of an independent inspector
28th Nov 20168:15 amPRNExternal director end of term
17th Nov 201611:51 amRNSStatement re Tender Offer
17th Nov 20168:14 amPRNA Motion against Tender offer for shares in the Company
16th Nov 201610:29 amPRNFurther update in relation to Israel 18
15th Nov 20166:19 pmRNSB.S.D Crown - Tender Offer Update

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