BSD Crown Ltd.
(The “Company”)
(LSE:
BSD)
BSD Crown Ltd (The
"Company")
29 November 2021
Further to the announcements made by the Company on 1 June 2021 and 27 May
2021, the Company updates today regarding the settlement of
consideration arising from the merger transaction contemplated by
the Agreement and Plan of Merger dated 17
March 2021 by and among Yossi Willi Management and
Investments Ltd., a company organized under the laws of the
State of Israel (“Purchaser 1”),
Zvi v & Co. Company Ltd., a company organized under the laws of
the State of Israel (together with
Purchaser 1, the “Purchasers”), Yoseph
Zvi 2021 Management Ltd., a company organized under the laws
of the State of Israel, and the
Company (the transaction contemplated thereunder, the "Merger"),
which occurred on 30 May 2021.
In accordance with the Merger, each shareholder of the Company
(other than the Purchasers and certain affiliates thereof) is
entitled to an amount of £0.30 per each issued and outstanding
ordinary share of the Company (such shares, "Shares", and
shareholders entitled to receive such amounts, "Selling
Shareholders").
Pursuant to materials made available to Selling Shareholders in
connection with the Merger, Selling Shareholders were entitled to
claim consideration through 26 November
2021 (the “Consideration Claim Deadline”).
The Company announces that the Consideration Claim Deadline has
been extended until 31 March
2022.
A Selling Shareholder that has any questions regarding the
settlement of consideration should contact Computershare Investor
Services PLC, Corporate Actions Projects, Bristol BS99 6AH; Phone
Number: +44 (0) 370 707 4040.
Enquiries: Joseph Williger
Active Chairman of the Board