B.S.D. Crown Ltd Company Announcement

 
TIDMBSD 
 
BSD Crown Ltd. 
                                (The "Company") 
                                   (LSE: BSD) 
 
                         BSD Crown Ltd (The "Company") 
 
                                                     Ramat Gan, 8 February 2021 
 
Following the company's notification of 4 February 2021, the company hereby 
provides notice that the Audit Committee of its board of directors, serving as 
a Special Independent Committee, followed by the board of directors (without 
the current controlling shareholders and a director affiliated with them), have 
considered a merger proposal submitted by the current controlling shareholders 
of the company which will include the purchase of all of the shares of the 
company held by all shareholders other than the current controlling 
shareholders, at a price per share of Pound Sterling 0.30, and following 
obtaining a professional economic advise, amongst other examinations and 
consultations carried out by the committee, have principally approved the said 
proposed purchase price, subject to reaching a definitive agreement between the 
parties, to the approval of such agreement by the Company's organs including 
the Special Independent Committee and the company's EGM and to the completion 
of all conditions to closing. 
 
Enquiries: Joseph Williger 
 
Active Chairman of the Board 
 
 
 
END 
 
 

(END) Dow Jones Newswires

February 08, 2021 07:14 ET (12:14 GMT)