BSD Crown Ltd.
(LSE: BSD)
(the “Company”)
Noticeof General
Meeting
Ramat
Gan, Israel, 24 April 2017
The Company refers to its announcements of 23 March and
5 April 2017. On 23 April 2017, the District Court of Tel Aviv ruled that the 10,278,451 shares of
the Company held by Adv. Kobie
Amster, in his capacity as court-appointed trustee over such
shares, should be voted in accordance with Adv. Amster’s discretion
and that the Company can and should convene its adjourned general
meeting by no later than 5 May,
2017.
The board of the directors of the Company (the “Board”)
believes that holding the general meeting (the “GM”) by no
later than 5 May, 2017 would breach
Israeli law provisions as to notice periods for general meetings
and may prejudicially affect shareholders’ ability to exercise
their rights as shareholders of the Company. As such, the Company
is appealing the court’s decision in an effort to protect the
position of the Company’s shareholders as a whole, and will hold
the GM as soon as it is legally able to do so.
Enquiries:
Gregory Gurtovoy, Chairman of the
Board: office@bsd-c.com