Exigent Management Ltd. signed a share purchase agreement to acquire an additional 25.04% stake in Elbit Medical Technologies Ltd (TASE:EMTC) from Elbit Imaging Ltd. (TASE:EMITF) on February 7, 2019. Pursuant to the terms of the acquisition, Exigent will acquire between 3.76 million and 28.98 million Elbit Medical shares for a price per share of ILS 0.96, on or before March 18, 2019. During the period from the initial closing, i.e., March 18, 2019, until May 13, 2019, Exigent Capital Group may purchase additional shares up to the maximum quantity i.e., 57.97 million shares (including the shares purchased at the initial closing), for a price per share of ILS 1.02, but it is not obligated to do so. As of March 20, 2019, Elbit Imaging have postponed the initial closing of the share purchase agreement from March 18, 2019 to March 25, 2019.

Exigent Management Ltd. completed the acquisition of an additional 1.62% stake in Elbit Medical Technologies Ltd (TASE:EMTC) from Elbit Imaging Ltd. (TASE:EMITF) for ILS 3.6 million on March 28, 2019. As of May 13, 2019, Exigent waived the option it had to purchase additional shares of Elbit Medical. As on May 13, 2019, Elbit Imaging holds approximately 62% of Elbit Medical's issued and outstanding share capital.