Elbit Imaging Announces Noteholder's Filing Of Appeal On Approval Of Deal

(RTTNews) - Elbit Imaging Ltd. (EMITF) announced Sunday, further to the company's announcement dated January 2, 2014 with respect to the approval of the adjusted plan of arrangement submitted to the Tel-Aviv Jaffa District Court in file No. 42576-02-13 by the Court, that a holder of Series B Notes filed with the Israel Supreme Court an appeal arguing that the Court erred in approving the Arrangement. The holder of Series B Notes filed a purported class action lawsuit against the Company with the Court on April 11, 2013 as announced by the Company on April 15, 2013.

It is noted that such appellant holds approximately 0.1% of the total unsecured debt of the Company. The company rejects such argument and intends to defend the case vigorously and is continuing with pursuing the consummation of the Arrangement and the completion thereof.