Elbit Imaging announces sale of additional Elbit Medical shares
Elbit Imaging announced that the company has completed the sale of an additional 19,389,062 shares of Elbit Medical Technologies to an affiliate of Exigent Capital Group, at a price per share of NIS 0.96, and total consideration of approximately $5M. The sold shares constitute approximately 8% of the outstanding share capital of Elbit Medical. As a result of the sale, the company's shareholding in Elbit Medical decreased to approximately 66% and Exigent Capital Group shareholding in Elbit Medical increased to 23%. On September 6, 2018 and November 8, 2018, the company sold 33,713,163 Elbit Medical shares, constituting approximately 15% of Elbit Medical's outstanding share capital, to affiliates of Exigent Capital Group.