Elbit Imaging Announces the Court Decision with Respect to Filing of Plan of Arrangement with the Israeli Court
Really cool football boots nike mercurial vapor boots elbit Imaging Ltd. (EMITF) ( or the (TASE, NASDAQ: EMITF) announced today, further to the Company’s announcement dated May 9, 2013 that it had filed a motion with the Tel Aviv District Court (the “Court”) to convene meetings of its unsecured creditors and shareholders for the approval of the proposed restructuring of the Company’s unsecured financial debt pursuant to a plan of arrangement (the “Arrangement”) under Section 350 of the Israeli Companies Law, 57591999 (“Section 350″), that the really cool football boots Court decided, after taking into account the positions of the Company, the representatives of various series of the nike mercurial vapor boots Company’s noteholders and other interested parties and the provisions of Section 350, not to convene the meetings until the Court receives the written opinion of Roni Alroy, CPA, the Courtappointed expert (the “Expert”), as to the Arrangement. The Court also ordered that the Expert should endeavor to provide his opinion, if possible, by June 6, 2013. really cool football boots In addition, the Court ordered that any party that wishes to oppose the Arrangement should file its position as to the Arrangement by May 31, 2013, and that the Company and all other parties to the Arrangement should file their responses thereto by June 16, 2013.
Elbit Imaging Ltd. In certain circumstances and depending on market conditions, the Company operate and manage commercial and entertainment centers prior to their sale; (ii) Hotels Hotel operation and management; (iii) Medical Industries (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 projects and other mixeduse real property projects, predominately residential, located primarily in India; and (v) Fashion Apparel Distribution and marketing of fashion apparel and accessories in Israel.
Any forwardlooking statements in our releases include statements nike mercurial vapor boots regarding the intent, nike mercurial vapor boots belief or current expectations of Elbit Imaging Ltd. and our management about our business, financial condition, results of operations, and our relationship with our employees and the condition of our properties. Words such as and similar expressions are intended to identify forwardlooking statements but are not the exclusive means of identifying such statements. Such forwardlooking statements do not purport to be predictions really cool football boots of future events or circumstances, and therefore, there can be no assurance that any forwardlooking statement contained in our releases will prove to be accurate. We undertake no obligation to update or revise any forwardlooking statements nike mercurial vapor boots.