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