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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
14th Nov 20163:11 pmPRNA Motion against Tender offer for shares in the Company
9th Nov 201610:44 amPRNTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
7th Nov 20167:00 amPRNTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
21st Oct 20167:00 amPRNAppointment of a director
20th Oct 20162:02 pmRNSB.S.D Crown Ltd - Offer Update
6th Oct 20161:05 pmRNSB.S.D Crown Ltd - Offer Update
30th Sep 20162:42 pmPRNCompany update in relation to Israel 18
29th Sep 201611:23 amPRNCorrection: Delay in publication of Financial Statements
29th Sep 20169:36 amPRNUpdate in relation to Israel 18 court proceedings
29th Sep 20169:34 amPRNDelay in publication of Interim Financial Statements
28th Sep 201610:38 amPRNCompany's shares in public hands
26th Sep 201610:27 amPRNUpdate in relation to court procedures
22nd Sep 20164:00 pmPRNTender offer by Yossi Willi Management and Investments
21st Sep 20163:47 pmPRNUpdate in relation to the proposed tender offer
19th Sep 20169:02 amPRNAppointment of a director
15th Sep 201612:59 pmPRNUpdate in relation to court hearing
12th Sep 20169:02 amPRNUpdate in relation to the Bank of Azerbaijan
6th Sep 20169:04 amPRNUpdate in relation to the proposed tender offer
5th Sep 20168:00 amPRNCompany Update Following Letter Of Intent
5th Sep 20167:56 amPRNBoard changes
2nd Sep 20163:02 pmPRNTender offer for shares in the Company
31st Aug 20169:14 amPRNCourt resolution respect BSD subsidiary, Emoze Ltd.
30th Aug 20167:00 amPRNBoard changes
30th Aug 20167:00 amPRNClaim against Israel 18 and IBAR
25th Aug 20167:00 amPRNTermination of CEO’s management services agreement
19th Aug 20162:14 pmPRNCompany Updates
18th Aug 20169:50 amPRNUpdate- Legal Claim against Apple Inc.
15th Aug 20169:13 amPRNCourt Decision
12th Aug 20161:34 pmPRNBoard changes
3rd Aug 20166:18 pmPRNUpdate: Company’s deposits and cash held in Azerbaijan
26th Jul 20167:00 amPRNCompany's deposits and cash held in Azerbaijan
25th Jul 20169:00 amPRNCompany Update
15th Jul 20168:35 amPRNCEO Resignation
5th Jul 20161:34 pmPRNResults of AGM and Extraordinary General Meeting
5th Jul 20167:00 amPRNCompany Update
27th Jun 201610:40 amPRNLegal Claim against Apple Inc.
23rd Jun 20161:27 pmPRNCompany Update
20th Jun 20167:00 amPRNCompany Update
10th Jun 20167:00 amPRNAddendum to Notice of Annual and EGM
1st Jun 201612:24 pmPRNNotice of Annual and Extraordinary General Meeting
17th May 201610:27 amPRNCompany Update Re: Meinl Bank Deposits
10th May 201611:10 amPRNCompany Update
4th May 20168:41 amPRNCompany Update
29th Apr 20164:39 pmPRNCompany Update
27th Apr 20169:29 amPRNCompany Update
18th Apr 20167:00 amPRNCompany Update
18th Apr 20167:00 amPRNTR-1: Notification of Major Interest in Shares
18th Apr 20167:00 amPRNCompany Update
1st Apr 201610:20 amPRNCompany Update
31st Mar 20167:00 amPRNNotification of Major Interest in Shares

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