ELBIT IMAGING ANNOUNCES COMPLETION OF THE FIRST STAGE FOR THE SALE OF UP TO 50% OF THE SHARE CAPITAL OF ELBIT MEDICAL LTD.
September 06 2018 - 3:50PM
Elbit Imaging Ltd. (TASE, NASDAQ: EMITF) ("
Elbit"
or the "
Company") announced today, further to its
press release dated August 8, 2018, (regarding signing a Share
Purchase Agreement ("
SPA") with an SPC related to
the Exigent Capital Group ("
SPC") for the sale of
between 11,574,146 ordinary shares of Elbit Medical Technologies
Ltd. ("
Elbit Medical") and 115,741,467 ordinary
shares of Elbit Medical for a price per share of NIS 0.96) that it
has completed the first stage of the transaction and sold
11,574,146 shares of Elbit Medical (5% of Elbit Medical's
outstanding share capital) for a total consideration of NIS 11.1
million (approximately USD 3.1 million).
About Elbit Imaging Ltd.
Elbit Imaging Ltd. operates in the following
principal fields of business: (i) medical industries through our
indirect holdings in Insightec Ltd. and Gamida Cell Ltd.; (ii) land
in India which is designated for sale (and which was initially
designated for residential projects); and (iii) land in Eastern
Europe which is designated for sale (and which was initially
designated for development of commercial centers).
For Further Information:
Company Contact |
|
Ron Hadassi |
|
CEO
and Chairman of the Board of Directors |
|
Tel:
+972-3-608-6048Fax: +972-3-608-6050 |
|
ron@elbitimaging.com |
|
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