Elbit Imaging Ltd. Announces Interest Rate for the Next Interest Period for Series B Notes

TEL AVIV, Israel, August 27 /PRNewswire-FirstCall/ -- Elbit Imaging Ltd. ("EMI" or the "Company") (NASDAQ: EMITF - News), announced today, in accordance with Section 4 of the "Terms Behind the Page" of Series B Notes of the Company, that the interest rate borne by Series B Notes for the interest period beginning on August 21, 2009 and ending on February 20, 2010 is 1.723125%. 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 t...
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Elbit Imaging Ltd. Announces Second Quarter Results for 2009

TEL AVIV, Israel, August 31 /PRNewswire-FirstCall/ -- Elbit Imaging Ltd. (NASDAQ: EMITF - News; "EI" or the "Company") today announced its results for the second quarter of 2009. Loss for the second quarter of 2009 amounted to NIS 252 million, of which NIS 207 million is attributable to the equity holders of the Company as compared to gain of NIS 56 million in the corresponding quarter of 2008 of which NIS 15.7 million is attributable to the equity holders of the Company.Company's shareholder's equity, as of June 30, 2009 amounted NIS 2.3 billion, compared with NIS 2.4 billion as of December 31, 2008Our presentation to the consolidated financial statements for the second quarter of 2009 is available through our website at: http://www.elbitimaging.com under: "Investor Relations - Company Presentations (06/2009)."Mr. Shimon Yitzhaki, President and CEO of the Company, commented: "We see progress in all of the group's segments of operations, despite the challenging market conditions created by the world crisis."In the real estate segment, our main business of operation, we continue to develop and construct our six selected projects. In addition, Plaza Centers has lately secured its first financing from an Indian bank designated to the development of the Koregaon Park Plaza project."We are loo...
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Park-Ohio Holdings, Ocean Shore Holding and US Global Investors lead small-cap percentage losers

    Price at 9:08 ET Change % Change Volume Year High Year Low PKOH PARK OHIO HLDGS CORP   -14.1%     8.26     7.25     64.1k     21.95     1.65   OSHC OCEAN SHORE HLDG CO   -12.0%     7.25     7.25     0.1k     10.20     5.85   GROW U S GLOBAL INVS INC   -10.1%     11.64     10.22     184.0k     14.50     2.90   FHCO FEMALE HEALTH CO   -9.8%     7.42     6.26     447.2k     7.79     1.76   LZB LA Z BOY INC   -9.7%     9.22     8.31     965.4k     11.76     0.53   ELON ECHELON CORP   -9.2%     12.14     11.02     330.8k     15.74     4.92   EMITF ELBIT IMAGING LTD  &...
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Elbit Imaging Ltd. Announces Sale of Plaza Centers Shares

TEL AVIV, Israel, October 12 /PRNewswire-FirstCall/ -- Elbit Imaging Ltd. (NASDAQ: EMITF - News; "Elbit") announces today that on October 9 ,2009 it sold a total of 4,794,292 ordinary shares of it subsidiary, Plaza Centers N.V., (LSE: PLAZ - News; WSE: PLAZ/PLAZACNTR) ("Plaza"), to a number of Polish institutional investors. The aggregate consideration for the shares sold by Elbit is approximately GBP6.7 million (approximately $10.6 million) representing a price of 6.5 Polish Zlotys ("PLN") per share (approximately GBP1.41 ), compared to the Warsaw Stock Exchange closing price on October 9, 2009 of 6.6 PLN per share (approximately GBP1.43 ). These shares were originally purchased by Elbit for a total consideration of GBP2.9 million (approximately $4.6 million), representing an average price of GBP0.61 per share. As result of this transaction, Elbit will generate a net cash flow of approximately GBP3.8 million (approximately $ 6.0 million). In addition, Plaza has also notified today that it has sold 14,500,000 of its shares for a total aggregate consideration of approximately GBP20.5 million (approximately $32.5 million) representing a price of 6.5 PLN per share (approximately GBP1.41) to such ...
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Elbit Imaging Ltd. Announces Replacement of Trustee for Series E Debentures, Subject to Court Approval

TEL AVIV, Israel, September 29 /PRNewswire-FirstCall/ -- Elbit Imaging Ltd. (TASE: EMIT, Nasdaq: EMITF), announced today that Union Bank Trust Company Ltd. informed Elbit that, due to the sale of its corporate trust business to Clal Finance Trusts 2007 Ltd., it will resign as trustee for Elbit's Series E Debentures. The resignation will become effective pursuant to the terms of the Trust Deed dated September 10, 2007, entered into between Elbit and Union Bank Trust Company, subject to the appointment of an alternate trustee. Pursuant to an agreement entered into between Clal Finance Trusts 2007 Ltd. and Union Bank Trust Company, Clal Finance Trusts has agreed to serve as trustee to the debenture holders and to undertake all trustee obligations pursuant to the Trust Deed. Union Bank Trust Company has informed Elbit that it will apply to the Israeli courts for approval of its resignation and appointment of Clal Finance Trusts as trustee, subject to any conditions imposed by the courts in this regard. Union Bank Trust Company will inform Elbit when its resignation and the appointment of Clal Finance Trusts become effective.Clal Finance Trusts has informed Elbit that it meets all legal requirements according to Israeli securities laws in order to serve as trustee to the debenture holders, that it has no conflict of interest in providing such service and that it is permitted to provide debenture trustee services in accordance with the guidance of the Israeli Securities Authority.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 ...
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