Elbit Imaging Ltd. Announces Notes Buyback
May 05 2016 - 10:14AM
Elbit Imaging Ltd. (“EI” or the
“Company”) (TASE:EMITF) (NASDAQ:EMITF) announced
today, further to the Company’s announcement dated February 1, 2016
regarding the Board of Directors resolution to approve new notes'
Buy-Back plan of the Company's series H (“The Notes”) which are
traded on the Tel Aviv Stock Exchange ("TASE"), the repurchases of
the following Notes was executed since the 1st of February, 2016 to
the date herein:
Note |
The acquiring corporation |
Quantity purchased (Par value) |
Weighted average price |
Total amount paid(NIS) |
Series H |
Elbit Imaging Ltd |
43,441,024 |
91.97 |
39,954,588 |
|
|
|
|
|
The entire repurchased notes since the 12th of
October, 2015, as the first Notes buyback plan announcement, to the
date herein:
Note |
The acquiring corporation |
Quantity purchased (Par value) |
Weighted average price |
Total amount paid(NIS) |
Series H |
Elbit Imaging Ltd |
99,431,567 |
90.43 |
89,922,587 |
|
|
|
|
|
The Company has reached the new Notes' Buy-Back
plan goal and will cease the purchase of Notes until further
notice.
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,
2015, 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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