Elbit Imaging Announces the Results of Its Extraordinary General Meeting of Shareholders Held on March 31, 2016
March 31 2016 - 02:21PM
Elbit Imaging Ltd. (“EI” or the
“Company”) (TASE:EMITF) (NASDAQ:EMITF) announced
today that at its Extraordinary General Meeting of Shareholders
(the "
Meeting") held on March 31, 2016, at the
Company's offices in Petah Tiqva, the following resolutions
described in the Proxy Statement to the Shareholders dated
24.2.2016 (the "
Proxy") and detailed hereunder,
were approved by the required majority:
- An amended compensation policy for our directors and officers
is adopted.
- The terms of office and employment of Mr. Doron Moshe as the
Company’s Chief Executive Officer is approved.
- Authorization to our Board of Directors to effect a reverse
share split of all of our ordinary shares, no par value, at a ratio
not to exceed one-for-ten, and a related amendment to our Articles
of Association is approved.
- An amendment to our Memorandum of Association by restating the
authorized share capital to the post reverse split number of shares
subject to Item no. 3 is approved.
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) Plots in India - plots designated for sale initially
designated to residential
projects.
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,” “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, a
change in market conditions, a decision to deploy the cash for
other business opportunities and 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
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