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B.S.D Crown Ltd - Offer Update

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RNS Number : 0915N
Yossi Willi Management & Invs. Ltd
20 October 2016
 

                                                                                    

 

 

October 20, 2016

 

YOSSI WILLI MANAGEMENT AND INVESTMENTS LTD

(The "Offeror")

 

 

Updated and Revised Cash Offer 

Further to the announcement on September 20, 2016 of the cash offer for at least 17.75 per cent. and up to 20 per cent. of the issued and outstanding share capital of B.S.D Crown Ltd. ("BSD"), the Offeror is pleased to announce the following modifications:

 

Minimum Aggregate Amount

 

The minimum aggregate amount of BSD Shares proposed to be purchased from the shareholders is hereby reduced from 19,523,270 Shares, representing seventeen and three quarters (17.75) per cent. of the issued and outstanding share capital of BSD, to 6,599,416 Shares, representing six (6) per cent. of the issued and outstanding share capital of BSD.

 

 

Acceptance Period

 

The acceptance period is hereby revised such that the cash offer is open for acceptance until 1:00 p.m. (London time) on November 21, 2016 (or such later time(s) and/or date(s) as the Offeror may decide). This modification extends the initial acceptance period from the original acceptance date of November 1, 2016.

 

 

 

ANY ACCEPTANCE OF THE CASH OFFER IN ITS ORIGINAL FORM SHALL BE DEEMED TO BE AN ACCEPTANCE OF THE CASH OFFER AS REVISED AND THE OFFEROR SHALL TREAT ANY EXECUTED TENDER FORM WHICH WAS RECEIVED PRIOR TO THIS ANNOUNCEMENT AS A VALID ACCEPTANCE OF THE REVISED OFFER.

 

 

 

 

 

For further information contact:

 

YOSSI WILLI MANAGEMENT AND INVESTMENTS LTD

Mr. Yossi Wiliger

 

 

 

Yossi@ydekel.co.il

 

GEORGESON

Domenic Brancati

Anthony Kluk

 

 

020-7019-7003

020-7019-7032

 

  


This information is provided by RNS
The company news service from the London Stock Exchange
 
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