B.S.D. Crown Ltd Company's shares in public hands

 
TIDMBSD 
 
BSD Crown Ltd. (LSE: BSD) 
 
                                (the "Company") 
 
                                             Ramat Gan, Israel, 8 February 2017 
 
                       Company's shares in public hands 
 
The Company refers to the "Notification of Major Interests in Shares" 
announcements of 2 and 6 February 2017 as well as to its announcements of 22 
and 28 September 2016 regarding the tender offer for shares in the Company by 
Yossi Willi Management and Investments Ltd (the "Tender Offer"). 
 
Following the acquisition (directly and indirectly) by Mr. Yossi Williger of 
7.94% of the Company's issued and outstanding share capital pursuant to the 
Tender Offer, and in light of the clarification provided by Mr. Zwi Williger as 
to the fact that he holds (directly and/or indirectly) 9.996% of the Company's 
issued and outstanding share capital, the Company believes that the number of 
shares of the Company currently held in "public hands" for the purposes of 
Chapter 14 of the listing rules made under section 74 of the Financial Services 
and Markets Act 2000 (as amended) (the "Listing Rules") has fallen to 
approximately 12.6%, which is significantly below the 25% threshold required 
(subject to certain exceptions) under Chapter 14 of the Listing Rules . 
 
The Company has informed the Financial Conduct Authority (the "FCA") of such 
development and is considering its future actions. Shareholders should be aware 
that under the Listing Rules, in the event that the percentage of shares in 
public hands falls below 25 per cent., the FCA has the power to cancel the 
Company's listing. If the listing is cancelled there will no longer be an 
exchange on which the Company's shares can be readily traded. Trading in the 
Company's shares remains currently suspended pending the Company filing its 
audited accounts. 
 
The Company will provide further updates in due course. 
 
Enquiries: 
 
Gregory Gurtovoy, Chairman of the Board: [e-mail] 
 
 
 
END 
 

(END) Dow Jones Newswires

February 08, 2017 08:10 ET (13:10 GMT)