ELBIT IMAGING LTD. ANNOUNCES ADDITIONAL BUYBACK OF NOTES SERIES I
December 13 2018 - 10:16AM
Elbit Imaging Ltd. (“EI” or the
“Company”)
(TASE, NASDAQ: EMITF) announced today, further to its
press releases dated November 26, 2018, November 29, 2018 and
December 6, 2018, regarding a new Buy-Back plan for its (Series I)
notes (the “
Notes” and the "
Current
Buy-Back Plan", respectively), that it completed
repurchases of additional 405,129 par value Notes.
Below is a table containing a summary of data
regarding the repurchase of Notes under the Current Buy-Back
Plan:
Note |
The acquiring corporation |
Quantity purchased (Par
value) |
Weighted average price |
Total amount paid(NIS) |
Series I |
Elbit Imaging Ltd |
4,030,215 |
130.61 |
5,264,050 |
Since the issuance of the Notes (in February
2014) and until the date of this press release, the Company has
published three (3) buy-back plans for the repurchase of up to NIS
200 million of Notes. As of the date of this press release, the
Company has purchased par value NIS 100.57 million Notes for a
total cash consideration of NIS 124.48 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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