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Controlling shareholder announcement

30 Mar 2015 11:01

B.S.D. CROWN LTD - Controlling shareholder announcement

B.S.D. CROWN LTD - Controlling shareholder announcement

PR Newswire

London, March 30

B.S.D Crown Ltd (LSE:BSD) ("BSD" or "the Company") Controlling shareholder announcement Tel Aviv, Israel, 30 March 2015 Controlling shareholder announcement The Company refers to its announcements dated 25 February, 24 and 27 March 2015and to an announcement made earlier today in Israel by BGI Investments (1961)Ltd. ("BGI") (which beneficially owns Company shares representing approximately25.02% of the total issued and outstanding share capital of the Company(excluding dormant shares) and controls in aggregate, directly and throughproxies, approximately 44% of the voting rights in the Company). Capitalisedterms used but not defined herein shall have the meanings given to them in theCompany's announcement of 24 March 2015. On 30 March, 2015, Israel 18 B.V. ("Israel 18"), which is the controllingshareholder of BGI, received a letter sent on behalf of Mr Zvi Williger and Y.MDekel Holding & Investment Ltd, claiming that Israel 18 has allegedly breachedthe terms and conditions of the Loan Agreement and demanding the return of theLoan Amount currently held in the Escrow Account. Israel 18 has refuted the allegations in full. The Company will update the market in respect of further developments withregards to above, as appropriate. 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

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