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17 Nov 2016 11:51
YOSSI WILLI MANAGEMENT & INVESTMENTS LTD.
(the "Offeror")
Following the announcement by B.S.D. Crown Ltd. ("BSD" or the "Company") on 17 November 2016, the Offeror wishes to clarify that:
(i) On 16 November 2016, the Company withdrew its motion for an injunction order against the consummation of the tender offer commenced by the Offeror; and
(ii) On 17 November 2016 the Israeli court rejected the Company's motion to be paid legal costs and expenses by the respondents to the motion, which include the Offeror.
Consequently, the tender offer will continue to be open for acceptance by BSD shareholders as previously announced. The Offeror does not expect to further extend the acceptance period and, especially in the absence of any other current or foreseeable liquidity opportunity, urges holders of BSD shares to accept the offer and tender their BSD shares prior to the extended tender offer acceptance deadline of 15 December 2016 at 1:00pm London time, in order to receive cash proceeds for their duly tendered BSD shares.
For further information contact:
YOSSI WILLI MANAGEMENT & INVESTMENTS LTD
Yossi Williger yossi@ydekel.co.il
GEORGESON
Domenic Brancati 020 7019 7003
Anthony Kluk 020 7019 7032
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