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Formula Systems (1985) Ltd. — Investor Relations & Filings

Ticker · FORTY ISIN · US3464141056 LEI · 5299007HN634606FI520 TA Telecommunications, computer programming, consultancy, computing infrastructure, and other information service activities
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Filings indexed 1,235 across all filing types
Latest filing 2019-01-01 Capital/Financing Update
Country IL Israel
Listing TA FORTY

About Formula Systems (1985) Ltd.

https://www.formulasystems.com

Formula Systems (1985) Ltd. is a global information technology holding company that provides software consulting services and computer-based business solutions through its portfolio of subsidiaries. The company specializes in designing and implementing proprietary and non-proprietary IT solutions and software systems. These offerings are engineered to enhance the productivity of clients' existing IT assets, enable effective operational management, and mitigate business risks in dynamic environments. Formula Systems serves a diverse international customer base across multiple sectors, including banking, insurance, healthcare, telecommunications, defense, and the public sector.

Recent filings

Filing Released Lang Actions
Other Report or Announcement
Capital/Financing Update Classification · 99% confidence The document is a formal report issued by 'מידרוג' (Midroog), a credit rating agency, concerning 'פורמולה מערכות (1985) בע"מ' (Formula Systems (1985) Ltd.). It explicitly discusses the company's credit rating ('il1.A'), outlook ('יציב' - Stable), details the rationale based on its holdings (Matrix, Sapiens, Magic), financial metrics (ICR, DSCR, LTV), and provides a financial table with solo data for multiple years up to Q3 2018. This content structure—a detailed analysis of creditworthiness, debt instruments, and financial projections by a rating agency—is characteristic of a Credit Rating Report. Since there is no specific code for a 'Credit Rating Report' among the provided options, the closest and most appropriate fallback category for a formal, non-SEC regulatory financial analysis document is 'Regulatory Filings' (RNS), although 'Audit Report / Information' (AR) is sometimes used broadly for formal assessments. However, given the focus is purely on credit rating and debt instruments, and it is not a standard SEC filing (like 10-K or MRQ), RNS is the most suitable general regulatory/assessment category if a specific rating code is unavailable. Upon reviewing the definitions, none perfectly match a Credit Rating Report. 'AR' is defined as 'Standalone audit reports, applied accounting principles, and results of internal or regulatory stress tests'. While a rating report is a form of assessment, it is distinct from an audit. 'RNS' is the general regulatory fallback. Given the highly specific nature of the content (credit rating maintenance and outlook), and the lack of a dedicated code, RNS is the best fit as a general regulatory announcement/report type.
2019-01-01 Hebrew (modern)
Other Report or Announcement
Report Publication Announcement Classification · 98% confidence The document is very short (2387 characters) and explicitly states that a report is attached: "Attached hereto is a report on *[Hebrew text]* Formula_Rating_Midroog_December2018_isa.pdf". It also mentions reporting to the Israel Securities Authority (ISA) and the Tel Aviv Stock Exchange (TASE) under regulations for foreign corporations. The core function of this document is to announce the publication of an attached report, rather than being the report itself. This aligns perfectly with the definition of a Report Publication Announcement (RPA).
2019-01-01 English
Other Report or Announcement
Notice of Dividend Amount Classification · 99% confidence The document is a formal notice written in Hebrew, addressed to the Israel Securities Authority (רשות ניירות ערך) and the Tel Aviv Stock Exchange (הבורסה לניירות ערך בתל אביב). The subject line (הנדון) explicitly states: "Report regarding conversion ratio update for bondholders (Series B) of the company" (דיווח בדבר עדכון יחס המרה למחזיקי אגרות חוב )סדרה ב'( של החברה). This document details an adjustment to the conversion ratio of bonds due to a prior dividend distribution, referencing specific clauses in the Trust Deed and Shelf Prospectus. This is a specific financial instrument update related to debt/financing terms, which aligns best with the 'Capital/Financing Update' category (CAP), as it directly concerns the terms of convertible debt instruments.
2018-12-31 Hebrew (modern)
Other Report or Announcement
Report Publication Announcement Classification · 98% confidence The document is very short (2391 characters) and explicitly states, "Attached hereto is a report on *[Hebrew text]*" followed by a filename ending in '.pdf'. This structure strongly indicates that the document itself is an announcement about the publication of another report, rather than the full report content. The filing is made to the Israel Securities Authority (ISA) and the Tel Aviv Stock Exchange (TASE). Given the nature of announcing the availability of an attached report, the most appropriate classification according to Rule 2 (The 'MENU VS MEAL' Rule) is Report Publication Announcement (RPA).
2018-12-31 English
FORMULA SYSTEMS ANNOUNCES DISTRIBUTION OF CASH DIVIDEND IN RESPECT OF ITS RESULT
Regulatory Filings
2018-12-13 English
Other Report or Announcement
Notice of Dividend Amount Classification · 99% confidence The document is explicitly titled as a 'FORM 6-K' which is a report filed by Foreign Private Issuers. The content is a 'PRESS RELEASE' announcing the Board of Directors' declaration of a 'cash dividend in the amount of US $0.34 per share'. This directly corresponds to the definition of a dividend announcement. Reviewing the definitions: - 10-K is an Annual Report (Incorrect). - ER is an Earnings Release (Incorrect, this is a dividend announcement). - IR is an Interim Report (Incorrect). - The most specific match is 'Notice of Dividend Amount (Code: DIV)'. Although the document is filed on Form 6-K (which might suggest RNS or LTR if no other category fit), the core subject matter is the dividend declaration, making DIV the correct classification based on content.
2018-12-13 English

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