BSD Crown Ltd. (LSE: BSD)
Court resolution respect BSD subsidiary, Emoze Ltd.
Ramat Gan, Israel, 31 August 2016
The Company hereby announces that on 30 August 2016, a hearing regarding the Company's subsidiary, Emoze Ltd., was held at the Israeli District court in Tel Aviv, in which the Court decided to appoint a temporary liquidator, Adv. Hayut Greenberg (the "Temporary Liquidator"). The Temporary Liquidator authorized to capture all Emoze's assets including intangible assets and patents to secure and insurance them.
Emoze's board of directors, CEO and other officers will be suspended, effective immediately, including the right to sign on Emoze's behalf, and are instilled to the Temporary Liquidator.
The Temporary Liquidator will submit a first report until 11 September 2016.
Gregory Gurtovoy, chairman of the board: [email protected]