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 Yossi@ydekel.co.il