PR Newswire
London, April 9
B.S.D Crown Ltd (LSE:BSD) ("BSD" or "the Company") Controlling shareholder announcement Tel Aviv, Israel, 9 April 2015 Controlling shareholder announcement The Company refers to its announcements dated 24 February, 23, 27 and 30 March 2015 and to an announcement made yesterday in Israel by BGI Investments (1961) Ltd. ("BGI") (which beneficially owns Company shares representing approximately 25.02% of the total issued and outstanding share capital of the Company (excluding dormant shares) and controls in aggregate, directly and through proxies, approximately 44% of the voting rights in the Company). Capitalised terms used but not defined herein shall have the meanings given to them in the Company's announcement of 24 February 2015. The Lod District Court (the "Court") has agreed to extend the date by which the guarantee referred to in the Company's announcement of 23 March, 2015 is to be provided until 14 April, 2015 at 2 pm (Israeli time). In addition, the Court agreed to the return to the Lenders of the Loan Amount currently held in the Escrow Account on the condition that the Security be released. The Company will update the market in respect of further developments with regards 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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