B.S.D. Crown Ltd Company Update
November 11 2015 - 9:18AM
UK Regulatory
TIDMBSD
BSD Crown Ltd. (LSE: BSD)
(the "Company")
Company Update
Ramat Gan, 11 November 2015
Re: BGI Investments (1961) LTD - Extension of date for the Submission of
response to the Motion for the Enforcement of Pledges and the Appointment of a
Receiver - Filed in the District Court of Tel Aviv by the Trustee
Further to the Company's announcement dated 27 October 2015 (available at
www.bsd-c.com), regarding the urgent motions submitted by the trustee of the
bondholders (Series 1) of BGI Investments (1961) LTD ("BGI"), the Company's
controlling shareholder, to the District Court of Tel Aviv for the enforcement
of pledges and the appointment of a receiver, the Company hereby announces that
it has received a notification from BGI that following its agreement regarding
the release of certain pledged deposits (an announcement about which was
published by BGI on the Tel Aviv Stock Exchange publishing system - MAGNA on 4
November 2015) and based on agreed motions filed with the Court, the Court has
extended the date for submission of a response by BGI to 28 November, 2015.
Enquiries:
Emil Budilovsky, Joint CEO, CFO and Company Secretary; Emil@bsd-c.com
END
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