TEL AVIV, Israel, June 15, 2015 /PRNewswire/ --
Elbit Imaging Ltd.
("EI" or the
"Company") (TASE, NASDAQ: EMITF)
announced today further to its announcement dated June 26, 2014 that in the hearing held at the
Israel Supreme Court (the "Court") and following the
recommendation of the Court, the Plaintiff withdraws the Appeal
filed by a holder of Series B Notes following the approval of the
adjusted plan of arrangement by the Court (the
"Appeal").
For additional information with regards to the Appeal please see
the Note 17 B 4 of the Company's Financial Statements for the
Fiscal Year of 2014.
About Elbit Imaging Ltd.
Elbit Imaging Ltd. operates in the following principal fields of
business: (i) Commercial and Entertainment Centers - Initiation,
construction and sale of shopping and entertainment centers and
other mixed-use real property projects, predominantly in the retail
sector, located in Central and Eastern
Europe, primarily through its subsidiary Plaza Centers N.V.
In certain circumstances and depending on market conditions, we
operate and manage commercial and entertainment centers prior to
their sale; (ii) Hotels - Hotel operation and management; (iii)
Medical Industries - (a) research and development, production and
marketing of magnetic resonance imaging guided focused ultrasound
treatment equipment and (b) development of stem cell population
expansion technologies and stem cell therapy products for
transplantation and regenerative medicine; and (iv) Residential
Projects - Initiation, construction and sale of residential
projects and other mixed-use real property projects, predominately
residential, located primarily in India.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
Any forward-looking statements in our releases include
statements regarding the intent, belief or current expectations of
Elbit Imaging Ltd. and our management about our business, financial
condition, results of operations, and its relationship with its
employees and the condition of our properties. Words such as
"believe," "would," "expect," "intend," "estimate" and similar
expressions are intended to identify forward-looking statements but
are not the exclusive means of identifying such statements. Actual
results may differ materially from those projected, expressed or
implied in the forward-looking statements as a result of various
factors including, without limitation, the factors set forth in our
filings with the Securities and Exchange Commission including,
without limitation, Item 3.D of our annual report on Form 20-F for
the fiscal year ended December 31,
2014, under the caption "Risk Factors." Any forward-looking
statements contained in our releases speak only as of the date of
such release, and we caution existing and prospective investors not
to place undue reliance on such statements. Such forward-looking
statements do not purport to be predictions of future events or
circumstances, and therefore, there can be no assurance that any
forward-looking statement contained our releases will prove to be
accurate. We undertake no obligation to update or revise any
forward-looking statements.
For Further Information:
Company Contact
Ron Hadassi
Chairman of the Board of Directors
Tel: +972-3-608-6048
Fax: +972-3-608-6050
ron@elbitimaging.com
SOURCE Elbit Imaging Ltd.