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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.
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September 14, 2014
13:24 EDTEMITFElbit Imaging announces investment of $12.5M in Insightec
Elbit Imaging announced further to the company's announcement dated June 29 and September 8, that it was informed by InSightec, of the closing of investment of $12.5M by Shanghai GEOC Hengtong Investment Limited Partnership and Fortune China Limited. In the framework of the present investment round in InSightec, the Chinese Group has exercised the right granted thereto in the investment round documents and has acquired a total of 6,444,404 Series D preferred shares of InSightec, which represent approx. 5% of the share capital of InSightec on a fully diluted basis, in consideration for a total payment of U.S. $12.5M. Upon the closing of the transaction, the, Elbit Medical's holding in InSightec is 37.6%. The company holds approximately 85% in Elbit Medical Technologies on fully diluted basis.
September 10, 2014
05:39 EDTEMITFElbit Imaging announces compliance with Nasdaq minimum bid price
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September 8, 2014
05:48 EDTEMITFElbit Imaging announces execution of amendment to InSightec investment
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