Elbit Imaging Ltd. ("EI" or "Company") (NASDAQ GSM: EMITF) announced today further to the Company's announcement dated August 5, 2014, additional updates regarding two proposals on the agenda of its annual general meeting of shareholders scheduled to be held on August 14, 2014 (the "Meeting").
Proposal No. 4 - Compensation Policy for Officers and Directors
With respect to the Company's proposed Compensation Policy for Directors and Officers, the Company has undertaken to Entropy Financial Research Ltd., an Israeli shareholder advisory firm, as follows:
Performance-based Bonus: Should a performance-based bonus be awarded to one of the Company's office holders, the Company will disclose in its subsequent annual report the degree to which such office holder satisfied each applicable performance target.
Proposal No. 6 - Consultancy Agreement with our Director, Mr. Boaz Lifschitz
With respect to the Company's proposed Consultancy Agreement with our Director, Mr. Boaz Lifschitz, the Company has undertaken to Entropy Financial Research Ltd., an Israeli shareholder advisory firm, that such agreement be limited to a one-year term, and has clarified that the proposed arrangement is made due to the recent developments in the Company's business, the recent changes in the Company's management and in light of the Company's specific need for a bio-medical and medical technologies professional who is familiar with the Company's structure and business.
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