- PR Newswire•19 days ago
Alon Blue Square Israel Ltd. (BSIRY) (the "Company") announced today the closing and effectiveness on September 11, 2016, of the debt reorganization and arrangement between the Company and its financial creditors and shareholders under Section 350 of the Israeli Companies Law, 5759-1999. As part of the closing, the clearing-house of the Tel Aviv Stock Exchange was instructed to transfer to the minority shareholders the consideration for their shares, and the initial payment was paid to the Company's financial creditors. In addition, as part of the closing, the purchaser, a private company owned and controlled by Mr. Moti Ben-Moshe, became the sole holder of all the Company's outstanding shares on a fully diluted basis in exchange for the payments made by the purchaser as part of the debt arrangement, and the Company became a privately held company.
- PR Newswire•last month
Alon Blue Square Israel Ltd. (BSIRY) (the "Company") announced today that further to its announcement dated August 16, 2016, the Company's controlling shareholder, Alon Israel Oil Company Ltd., or Alon Oil, has notified the Court that despite the rejection by the holders of Alon Oil's Series A Debentures of the amendments to the proposed debt reorganization and arrangement between the Company and its financial creditors under Section 350 of the Israeli Companies Law, 5759-1999, Alon Oil has approved the proposed amendments to the debt arrangement. In light of the above, the approval of the holders of Alon Oil's Series A Debentures to the proposed debt arrangement is not required, and the Company is currently waiting for final approval of the proposed debt arrangement by the District Court in Lod, Israel.
- PR Newswire•last month
Alon Blue Square Israel Ltd. (BSIRY) (the "Company") announced today that it was notified by the trustee for the Series C Debentures that (until a decision is otherwise made by the holders of the Series C Debentures), the record date for the payment of the outstanding principal and interest on the Series C Debentures (the "Payment") was postponed to September 6, 2016 and the payment date for the Payment was postponed to September 20, 2016. Alon Blue Square Israel Ltd. (hereinafter: "Alon Blue Square") operates through subsidiaries. Continued operations - its Tel Aviv Stock Exchange ("TASE") listed 53.92% subsidiary, Blue Square Real Estate Ltd., which owns, leases and develops income producing commercial properties and projects.
Alon Blue Square Israel Ltd. (BSI)
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