TEL-AVIV, Israel, January 26 /PRNewswire-FirstCall/ -- Elbit Imaging Ltd.
(NASDAQ: EMITF) ("EI" or the "Company") today announced that it's subsidiary
Plaza Centers N.V. ("Plaza" or the "Company"), a leading emerging markets
property developer, announced that, following the public offering in Israel
of unsecured non-convertible Series B Notes of Plaza (the "Series B Notes"),
pursuant to Plaza's prospectus dated 3 February 2008, has agreed with Israeli
Investors to issue approximately an additional NIS 273 million (approximately
USD 73 million) in principal amount of Series B Notes (the "Additional
Notes") for an aggregate consideration of approximately NIS 292 million
(approximately USD 78 million). The terms of the Additional Notes are
identical to the terms of the Series B Notes issued to the public under
Plaza's prospectus dated 3 February 2008 (the "Prospectus"). For information
regarding the terms of the Series B Notes, see Plaza's announcement dated 13
February 2008. The issuance of the Additional Notes is subject to the receipt
of the approval of the Tel Aviv Stock Exchange for the listing of the
Additional Notes for trade on the Tel Aviv Stock Exchange.
This announcement shall not be deemed to be an offer to sell or a
solicitation of an offer to buy any of the Series B Notes.
About Elbit Imaging Ltd.
The Activities of Elbit Imaging Ltd. are divided into the following
principal fields: (i) Shopping and Entertainment Centers - Initiation,
construction, operation, management and sale of shopping and entertainment
centers and other mixed-use real property projects, predominantly in the
retail sector, located in Central and Eastern Europe and in India; (ii)
Hotels - Hotel ownership, operation, management and sale, primarily in major
European cities; (iii) Image Guided Treatment - Investments in the research
and development, production and marketing of magnetic resonance imaging
guided focused ultrasound treatment equipment; (vi) Residential Projects -
Initiation, construction and sale of residential projects and other mixed-use
real projects, predominantly residential, located in Eastern Europe and in
India; and (v) Other Activities - (a) The distribution and marketing of
fashion apparel and accessories in Israel; (b) venture capital investments;
and (c) investments in hospitals, and farm and dairy plants in India, which
are in preliminary stages.
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, 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, 2008, 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. All subsequent written or oral forward-looking statements
attributable to us or persons acting on our behalf are expressly qualified in
their entirety by the cautionary statements 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, 2008,
under the caption "Risk Factors."
For Further Information:
Company Contact:
Dudi Machluf
Chief Executive Officer (Co-CEO)
Tel: +972-3-6086024
dudim@elbitimaging.com
Investor Contact:
Mor Dagan
Investor Relations
Tel: +972-3-516-7620
mor@km-ir.co.il
SOURCE Elbit Imaging Ltd.
ELBIT IMAGING LTD 
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