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Elbit Imaging provides update on plan of arrangement

Elbit Imaging announced that further to the company's filing on June 19 with the Tel Aviv District Court of a petition requesting the court's permission to convene meetings of its creditors and shareholders to vote upon the company's amended plan of arrangement, that the court has ordered all relevant parties that object to convening such meetings to file a brief position statement with the court by 10:00 a.m. on June 25. The court emphasized that any such position statement shall relate only to the question of whether such meetings ought to be convened on the basis of the company's amended plan of arrangement, as opposed to opining on the merits of the plan.