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