Foreign Filer Report • Nov 1, 2019
Foreign Filer Report
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For the month of October 2019
2 Dov Friedman Street, Ramat Gan 5250301, Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- __________
99.1 Update Regarding Lawsuit.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
B Communications Ltd. (Registrant)
By /s/ Ami Barlev
Ami Barlev Chief Executive Officer
Date: October 31, 2019
EXHIBIT NO. DESCRIPTION
99.1 Update Regarding Lawsuit.
Ramat Gan, Israel - October 31, 2019 - B Communications Ltd. (the "Company") (NASDAQ Global Select Market and TASE: BCOM) - The Company previously reported on the status of Horev v. B Communications Ltd. - alleging an unlawful dividend distribution of NIS 113 million (motion to approve a derivative claim). Within this context, we reported on July 2019 the Court's decision approving the derivative claim as it relates to the controlling shareholder, Internet Gold. The motion was rejected in relation to the directors, after it was determined that with respect to the directors, there are no grounds to establish that the distribution itself caused damages (simply because of the use of company's funds) and this burden to prove additional damages has not been met. In addition, the court also determined that the officers and directors of the Company didn't gain any benefit from the distribution.
The Company hereby update that during the last few days the plaintiff filed statement of appeal to the Supreme Court against the dismissal of the claim in respect to the directors. In addition, The Company and Internet Gold, also filed, seperately a motion to re-review regarding the initial Court's decision approving the derivative claim.
The Company is examining the appeal and its implications and will update on any material development.
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