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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Emblaze LD (DI) | LSE:BLZ | London | Ordinary Share | IL0010830219 | ORD NIS0.01 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 31.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMBSD
B.S.D Crown LTD (LSE: BSD)
("BSD" or the "Company")
Company Update
Ramat Gan, Israel, 20 October, 2015
Application for Liquidation and Appointment of Temporary Liquidators for
Israel 18 BV, Controlling Shareholder of the Company
The Company hereby announces that on 19 October 2015 it received notice from
its ultimate controlling shareholder, Israel 18 BV ("Israel 18"), that an
urgent motion has been filed against it by Fortissimo Capital Management Ltd
("Fortissimo"), S.G. Textile Holdings Ltd and Z. Birinboim Holdings Ltd
(jointly referred to as "S.G."), (Fortissimo and S.G. to be jointly referred to
as the "Applicants") in the District Court of Haifa for liquidation and the
appointment of temporary liquidators for Israel 18. The motion is based on the
claim that Israel 18 has failed to comply with its debt obligations towards the
Applicants (the "Applications").
The hearing to determine the status of the parties is scheduled for today at 12
noon (BST).
The position of Israel 18, as presented to the Company, is that it challenges
the Applications submitted against it and intends to fulfill its full debt
obligations owed to the Applicants.
Enquiries:
Emil Budilovsky, Joint CEO, CFO and Company Secretary; Emil@bsd-c.com
END
(END) Dow Jones Newswires
October 20, 2015 04:45 ET (08:45 GMT)
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