Elbit Imaging Ltd. Announces Availability of its Annual Report on Form 20-F Through its Website Pursuant to NASDAQ Listing Ru...
22 April 2016 - 7:24AM
Elbit Imaging Ltd. ("
Company") (TASE:EMITF)
(NASDAQ:EMITF) announced today that its annual report on Form 20-F
for the year ended December 31, 2015, as filed with the U.S.
Securities and Exchange Commission on April 21, 2016 is available
through its website at: www.elbitimaging.com under:
“Investor Relations - Financial Reports -
2015 - 20F/Form 2015”. Shareholders may receive a
hard copy of the annual report free of charge upon request. This
press release is being issued pursuant to NASDAQ Listing Rule
5250(d).
Elbit Imaging Ltd. notice regarding
Plaza centers' Casa Radio project in Romania
In furtherance to the announcement dated March
29, 2016 and as previously disclosed in the Company's financial
reports dated March 31, 2016 and Form 20F report dated April 21,
2016 (the "Company's Former Reports"), regarding
the Casa Radio Project (the "Project"), of our
indirect subsidiary, Plaza Centers N.V.'s ("Plaza") (LSE:PLAZ), the
Company wish to inform that at the current stage, the Company,
based on a legal advice received, cannot determine the consequences
of such issues described in the Company's Former Reports. Such
circumstances with respect to the Project might lead to future
claims, penalties, and sanctions and/or, in extreme circumstances,
termination of the Project and annulment of Plaza's rights in the
Project by the Authorities.
In addition, such issues might potentially
implicate the U.S. Foreign Corrupt Practices Act
(FCPA), including the books and records provisions
of the FCPA. If violations of the FCPA or other laws of the U.S. or
of other jurisdiction laws occurred, the Company, as well as its
directors, officers and other related parties, may be subject to
fines, civil and criminal penalties, equitable remedies, including
profit disgorgement, and injunctive relief. Furthermore,
dispositions for these types of matters may result in modifications
to the Company's business practices and compliance programs.
Due to the preliminary stage of the case, the
Company, based on legal advice received, cannot estimate the
potential consequences that the Company could incur as a result of
these issues, and accordingly did not include a provision in the
Company's financial reports dated December 31, 2015, with respect
to these issues.
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, 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 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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