Elbit Imaging Announces the Filing of Mutual Request to Dismiss a Motion to Approve a Derivative Claim
January 14 2016 - 12:50PM
Elbit Imaging Ltd. (“EI” or the
“Company”) (TASE:EMITF)
(NASDAQ:EMITF) announced today, further to the announcement
dated September 25, 2015, with respect to the filing of a Motion
for approval of a derivative claim against the Company and its
directors (the “Motion” and the “Derivative claim,” respectively)
that mutual request to dismiss the Motion has been submitted to the
court upon both sides consent.
Both the applicant and the respondents have
agreed to avoid taking any further legal procedures with respect to
any actions taken as part of the Company and its subsidiaries'
activity.
The Motion dismissal is subject to the court
decision.
About Elbit Imaging Ltd.
Elbit Imaging Ltd. operates in the following
principal fields of business: (i) Commercial centers - initiation,
construction, and sale of commercial centers and other mixed-use
property projects, predominantly in the retail sector, located in
Central and Eastern Europe. In certain circumstances and depending
on market conditions, the Group operates and manages commercial
centers prior to their sale. (ii) Hotels - hotels operation
and management. (iii) Medical industries and devices - (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. (iv) Residential projects - initiation, construction and
sale of residential units or plots designated for 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 in
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
Elbit Imaging (CE) (USOTC:EMITF)
Historical Stock Chart
From Feb 2024 to Mar 2024
Elbit Imaging (CE) (USOTC:EMITF)
Historical Stock Chart
From Mar 2023 to Mar 2024