Replies to post #1640 on Elbit Imaging Ltd (EMITF)

[midastouch017]

And here is the positive reaction:

http://www.tase.co.il/Eng/Management/GeneralPages/Pages/SimpleSearchResult.aspx?objectId=&objectType=&securityType=&searchTerm=EMTC

[midastouch017]

Elbit Imaging Ltd. Announces that Gamida Cell's Has Signed a Non-Binding Term Sheet with Investment Fund

TEL AVIV, ISRAEL / ACCESSWIRE / March 8, 2017 / Elbit Imaging Ltd. (TASE, NASDAQ: EMITF) ("Elbit" or the "Company") announced today, that it was informed by Gamida Cell Ltd. ("Gamida"), an indirect associate of the Company, that Gamida has signed a non-binding Term sheet ("TS") with investment fund ("Investment Fund") with respect to investment in Gamida.

According to the TS, the Investment Fund shall lead an investment of USD 30 million, with additional investors, at a pre-money value of USD 120 million (the "Investment"). As a consideration, the Investment Fund and the additional investors shall acquire preferred shares and options for preferred shares of Gamida and will be entitled to some additional rights, including certain anti-dilution rights in Gamida.

As of the date herein, there is no certainty that a definitive agreement will be signed and/or that additional investors will participate in the Investment and/or that the Investment will be completed.

The Company holds approximately 89.9% of the share capital of Elbit Medical Technologies Ltd. (TASE:EMTC-M) (85.6% on a fully diluted basis) which, in turn, holds approximately 25% of the share capital in Gamida (22.5% on a fully diluted basis).