Elbit Imaging Ltd (EMITF)

[midastouch017]

Elbit Imaging Announces the Results of Its Annual General Meeting of Shareholders Held on October 13, 2016

TEL AVIV, Israel, Oct. 13, 2016 (GLOBE NEWSWIRE) -- Elbit Imaging Ltd. (“EI” or the “Company”) (EMITF) (EMITF) announced today that at its Annual General Meeting of Shareholders (the "Meeting") held on October 13, 2016, at the Company's offices in Petah Tiqva, the following resolutions described in the Proxy Statement to the Shareholders dated 6.9.2016 (the "Proxy") and detailed hereunder, were approved by the required majority:

An amendment to the Company's compensation policy for directors and officers.

The terms of office and employment of Mr. Ron Hadassi as the Company’s Chairman of the Board of Directors.

Engagement in a Consultancy Agreement with a Company's Director, Mr. Boaz Lifschitz.

That Messrs. Alon Bachar, Ron Hadassi, Boaz Lifschitz, Nadav Livni and Zvi Tropp are elected as directors of the Company until the close of next Shareholder's Annual General Meeting of the Company.

Approve the compensation for each of the Company's non-external directors, other than the Chairman, Mr. Ron Hadassi.

That the Company's independent auditor, Brightman Almagor Zohar & Co., a member of Deloitte, is appointed as independent auditor of the Company for the fiscal year 2016 and until the close of next Shareholder's Annual General Meeting of the Company.