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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 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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BSD Crown Ltd. (LSE: BSD)
(the "Company")
Company Update
Ramat Gan, 21 October 2015
Court Ruling Regarding the Motion for the Liquidation and Appointment of
Temporary Liquidators over the Company's Controlling Shareholder - Israel 18 BV
Further to the Company's announcement from yesterday regarding an urgent motion
filed against its ultimate controlling shareholder (through direct and indirect
holdings) Israel 18 BV ("Israel 18"), the Company hereby announces that it was
notified by Israel 18 that at the hearing held yesterday at the District Court
of Haifa, Israel 18 informed the Court of its intent to pay the amounts past
due in accordance with the existing agreements with the Applicants no later
than by 29 October 2015. Israel 18 further committed not to carry out any
disposition of any of its assets nor of those of any of its subsidiaries in its
capacity as a shareholder in them until the aforesaid payments have been made
(this undertaking is entrenched in the Court Ruling). Accordingly, the Court
denied the motion for the appointment of temporary liquidators. The hearing
will recommence on 4 November 2015.
Enquiries:
Emil Budilovsky, Joint CEO, CFO and Company Secretary; Emil@bsd-c.com
END
(END) Dow Jones Newswires
October 21, 2015 02:19 ET (06:19 GMT)
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