B.S.D. Crown Ltd Company Announcement
February 08 2021 - 6:14AM
UK Regulatory
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
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February 08, 2021 07:14 ET (12:14 GMT)
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