Elbit Imaging Announces Its Subsidiary, Plaza Centers, Has Received a Shareholder Notice to Convene EGM

Elbit Imaging Announces Its Subsidiary, Plaza Centers, Has Received a Shareholder Notice to Convene EGM

TEL AVIV, Israel, September 21, 2015 /PRNewswire/ --

    Elbit Imaging Ltd. ("EI" or the "Company") (TASE, NASDAQ: EMITF) announced today that
Plaza Centers N.V. ("Plaza") (LSE:PLAZ) an indirect subsidiary of the Company, has
received a notice from Elbit Ultrasound (Luxembourg) B.V./ s.a.r.l. ("Elbit Ultrasound"),
a 44.9% shareholder in Plaza and a wholly owned subsidiary of the Company, requesting that
Plaza will convene an extraordinary general meeting under the provisions of Section 27.3
of Plaza's articles of association.

    The notice from Elbit Ultrasound requesting that Plaza will convene an extraordinary
general meeting, to consider and, if thought fit, passing resolutions relating to (i) the
dismissal of Messrs. Marco Wichers, Sarig Shalhav, Shlomi Kelsi and Yoav Kfir; and (ii)
amending the articles of association to reduce the size of the board to a maximum number
of five (5) directors.

    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 and in India. 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 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 Ltd.