25 Feb 2015 07:39
B.S.D. CROWN LTD - Parent company announcementB.S.D. CROWN LTD - Parent company announcement
PR Newswire
London, February 25
B.S.D Crown Ltd (LSE:BSD) ("BSD" or "the Company") Parent company announcement Tel Aviv, Israel, 25 February 2015 The Company refers to its announcements of 22 August, 2013 and of 3 and 11February, 2014 and to an announcement made earlier today in Israel by BGIInvestments (1961) Ltd. ("BGI") (which beneficially owns Company sharesrepresenting approximately 25% of the total issued and outstanding sharecapital of the Company (excluding dormant shares) and controls in aggregate,directly and through proxies, approximately 44% of the voting rights in theCompany). Capitalised terms used but not defined herein shall have the meaningsgiven to them in the Company's announcement of 3 February, 2015. The Company has been informed that the Transaction not been completed. The Company has also been informed that alternative financing is being put inplace by Israel 18, which would allow for the exercise of the Call Options.Further details will be released to the market once available. Further information about the Company For more information about the Company, visit www.bsd-c.com. Enquiries:
Eyal Merdler, CFO: eyal.merdler@bsd-c.com