B.S.D. Crown Ltd Sale of Company Shares

 
TIDMBSD 
 
BSD Crown Ltd. (the "Company") 
 
                                   (LSE: BSD) 
 
                                                      Ramat Gan, 22 August 2017 
 
                            Sale of Company Shares 
 
Further to the announcement dated 8 February 2017, regarding the percentage of 
the Company's shares held by unaffiliated shareholders who are residents of the 
European Economic Area ("EEA"), the Company hereby provides notice of the 
consummation of certain sales of its shares to EEA residents. 
 
Pursuant to Chapter 14 of the listing rules under section 74 of the Financial 
Services and Markets Act 2000 (as amended) (the "Listing Rules"), at least 25% 
of the Company's issued and outstanding share capital is required to be held by 
EEA residents who are unaffiliated with the Company. In order to comply with 
such requirement, the Company has completed the sale of 19,350,000 of its 
Ordinary Shares, nominal value NIS0.01 per share (the "Purchased Shares"), 
representing (after the sale thereof) 14.96% of the Company's issued and 
outstanding share capital, at a purchase price of Pound Sterling 0.25 per 
Purchased Share, for an aggregate amount of Pound Sterling 4,837,500. The 
purchasers of the Purchased Shares have confirmed to the Company that they are 
EEA residents and that they are unaffiliated with the Company. In the event 
that the suspension from trading of the Company's shares on the London Stock 
Exchange is not cancelled within 120 days following the consummation of such 
sales, the purchase price shall be reduced by Pound Sterling 0.05 per Purchased 
Share. The funds paid to the Company shall be used by the Company for its 
general operations. 
 
Following the sale of the Purchased Shares, the Company's issued share capital 
consists of 129,340,252 Ordinary Shares with voting rights ("Voting Capital") 
and 11,237,902 Ordinary Shares held in treasury.  The above statement of Voting 
Capital may be used by shareholders as the denominator for the calculations by 
which they will determine if they are required to notify their interest in or a 
change to their interest in the Company under the FCA's Disclosure Guidance and 
Transparency Rules. 
 
Enquiries: Joseph Williger, Active Chairman of the Board [e-mail] 
 
 
 
END 
 

(END) Dow Jones Newswires

August 22, 2017 10:58 ET (14:58 GMT)