BSD B.s.d Crown Ltd

 
TIDMBSD 
 
BSD Crown Ltd. (LSE: BSD) 
 
                                (the "Company") 
 
                                             Ramat Gan, Israel, 12 January 2016 
 
                         Company Update - Share Pledge 
 
Further to its announcement of 22 July 2015, the Company has received 
information to the effect that Israel 18 BV ("Israel 18") has repaid all its 
debts to Fortissimo Capital Management Ltd. ("Fortissimo") using a loan taken 
from a third party, who, to the Company's knowledge, is unconnected to existing 
shareholders of the Company (the "Loan"). By way of security for the Loan, 
Israel 18 has granted security to the third party lender over 4.13% of the 
shares in the Company and has received an irrevocable authority to continue to 
vote such shares. 
 
Enquiries: 
 
Gregory Gurtovoy, Chairman of the Board: office@bsd-c.com 
 
 
 
END 
 

(END) Dow Jones Newswires

January 12, 2017 03:04 ET (08:04 GMT)

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