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August 14, 2014
06:49 EDTEMITFElbit Imaging approves one-for-twenty reverse share split
Elbit Imaging's shareholders approved a one-for-twenty reverse share split of the company's ordinary shares. The previously announced split will become effective at 5:00 p.m. NY time on Thursday, August 21, such that the shares will start trading on a reverse split-adjusted basis upon the open of trading on the NASDAQ Global Select Market on Friday, August 22. The reverse share split is intended to increase the per share trading price of the company's ordinary shares to satisfy the $1.00 minimum bid price requirement for continued listing.
News For EMITF From The Last 14 Days
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May 13, 2015
05:32 EDTEMITFElbit Imaging subsidiary agrees to sell Indian shopping mall
Elbit Imaging announced that its 44.9% owned subsidiary, Plaza Centers N.V., announced that it has reached an agreement to sell Koregaon Park Plaza, the retail, entertainment and office scheme located in Pune, India for approximately EUR 35M, consistent with the asset's last reported book value. The net cash proceeds from the sale will be EUR 7.2M. The transaction is subject to the satisfaction of certain closing conditions which are expected to be fulfilled within one month.
May 10, 2015
19:50 EDTEMITFElbit Imaging sells Belgian hotels for EUR27M net
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