Major Shareholding Notification • Jun 3, 2016
Major Shareholding Notification
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Internet Gold - Golden Lines Ltd. (Name of Issuer)
Ordinary Shares, NIS 0.01 Par Value per Share (Title of Class of Securities)
M 56595 10 7 (CUSIP Number)
Steven J. Glusband Carter Ledyard & Milburn LLP 2 Wall Street, New York, New York 10005 (212) 238-8605 (Name, Address and Telephone Number of Person Authorized To Receive Notices and Communications)
June 2, 2016
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g).
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed"for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| 1 | NAME OF REPORTING PERSON: Eurocom Communications Ltd. | ||||
|---|---|---|---|---|---|
| I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): Not applicable. | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: | ||||
| (a) ☒ | |||||
| (b) ☐ | |||||
| 3 | SEC USE ONLY | ||||
| 4 | SOURCE OF FUNDS: WC | ||||
| 5 | |||||
| CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e): | |||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION: Israel | ||||
| NUMBER OF | 7 | SOLE VOTING POWER: -0- | |||
| SHARES | |||||
| BENEFICIALLY | 8 | SHARED VOTING POWER: 11,890,701 Ordinary Shares* | |||
| OW NED BY | 9 | ||||
| EACH REPORTING PERSON |
SOLE DISPOSITIVE POWER: -0- | ||||
| W ITH | 10 | SHARED DISPOSITIVE POWER: 11,890,701 Ordinary Shares* | |||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 11,890,701 Ordinary Shares* | ||||
| 12 | ☐ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
||||
| 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 61.92%** |
|||||
| 14 | TYPE OF REPORTING PERSON: CO | ||||
*Mr. Shaul Elovitch, Mr. Yossef Elovitch, Eurocom Communications Ltd., or Eurocom Communications, and Eurocom Holdings (1979) Ltd., or Eurocom Holdings, are the beneficial owners of 11,890,701 ordinary shares of the Issuer that are held by Eurocom Communications (925,000 of these shares are held directly by a joint account of Messrs. Shaul and Yossef Elovitch). Mr. Shaul Elovitch and his brother, Mr. Yossef Elovitch, own 80% and 20%, respectively, of Eurocom Holdings (Mr. Shaul Elovitch and Mr. Yossef Elovitch own 75% and 25%, respectively, of Eurocom Holdings'management shares). Eurocom Communications is 99.33% owned by Eurocom Holdings. The remaining 0.67% interest in Eurocom Communications is directly owned by Mr. Shaul Elovitch. Accordingly, Mr. Shaul Elovitch may be deemed to have the sole voting and dispositive power as to the ordinary shares of the Issuer held of record directly by Eurocom Communications.
**Based on 19,203,186 Ordinary Shares that the Issuer advised were issued and outstanding (which excludes 5,862,615 Ordinary Shares held as treasury stock) as of June 3, 2016.
| 1 | NAME OF REPORTING PERSON: Eurocom Holdings (1979) Ltd. | ||||
|---|---|---|---|---|---|
| I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): Not applicable. | |||||
| 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: |
|||||
| (a) ☒ | |||||
| (b) ☐ | |||||
| 3 | SEC USE ONLY | ||||
| 4 | SOURCE OF FUNDS: WC | ||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e): | ||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION: Israel | ||||
| 7 | SOLE VOTING POWER: -0- | ||||
| NUMBER OF | |||||
| SHARES | 8 | ||||
| BENEFICIALLY | SHARED VOTING POWER: 11,890,701 Ordinary Shares* | ||||
| OW NED BY | 9 | ||||
| EACH | SOLE DISPOSITIVE POWER: -0- | ||||
| REPORTING | |||||
| PERSON | SHARED DISPOSITIVE POWER: 11,890,701 Ordinary Shares* | ||||
| W ITH | 10 | ||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 11,890,701 Ordinary Shares* | ||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐ | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 61.92%** | ||||
| 14 | TYPE OF REPORTING PERSON: CO | ||||
*Mr. Shaul Elovitch, Mr. Yossef Elovitch, Eurocom Communications, and Eurocom Holdings are the beneficial owners of 11,890,701 ordinary shares of the Issuer that are held by Eurocom Communications (925,000 of these shares are held directly by a joint account of Messrs. Shaul and Yossef Elovitch). Mr. Shaul Elovitch and his brother, Mr. Yossef Elovitch, own 80% and 20%, respectively, of Eurocom Holdings (Mr. Shaul Elovitch and Mr. Yossef Elovitch own 75% and 25%, respectively, of Eurocom Holdings'management shares). Eurocom Communications is 99.33% owned by Eurocom Holdings. The remaining 0.67% interest in Eurocom Communications is directly owned by Mr. Shaul Elovitch. Accordingly, Mr. Shaul Elovitch may be deemed to have the sole voting and dispositive power as to the ordinary shares of the Issuer held of record directly by Eurocom Communications.
**Based on 19,203,186 Ordinary Shares that the Issuer advised were issued and outstanding (which excludes 5,862,615 Ordinary Shares held as treasury stock) as of June 3, 2016.
| 1 | NAME OF REPORTING PERSON: Shaul Elovitch | ||||
|---|---|---|---|---|---|
| I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): Not applicable. | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: | ||||
| (a) ☒ | |||||
| (b) ☐ | |||||
| 3 | SEC USE ONLY | ||||
| 4 | SOURCE OF FUNDS: WC | ||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e): | ||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION: Israel | ||||
| NUMBER OF | 7 | SOLE VOTING POWER: -0- | |||
| SHARES BENEFICIALLY |
8 | SHARED VOTING POWER: 12,448,500 Ordinary Shares * | |||
| OW NED BY | |||||
| EACH | 9 | SOLE DISPOSITIVE POWER: -0- | |||
| REPORTING | |||||
| PERSON | 10 | SHARED DISPOSITIVE POWER: 12,448,500 Ordinary Shares * | |||
| W ITH | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 11,925,894 Ordinary Shares* | ||||
| CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐ | |||||
| 12 | |||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 62.10%** | ||||
| 14 | TYPE OF REPORTING PERSON: IN | ||||
*Mr. Shaul Elovitch, Mr. Yossef Elovitch, Eurocom Communications, and Eurocom Holdings are the beneficial owners of 11,890,701 ordinary shares of the Issuer that are held by Eurocom Communications (925,000 of these shares are held directly by a joint account of Messrs. Shaul and Yossef Elovitch). Mr. Shaul Elovitch and his brother, Mr. Yossef Elovitch, own 80% and 20%, respectively, of Eurocom Holdings (Mr. Shaul Elovitch and Mr. Yossef Elovitch own 75% and 25%, respectively, of Eurocom Holdings'management shares). Eurocom Communications is 99.33% owned by Eurocom Holdings. The remaining 0.67% interest in Eurocom Communications is directly owned by Mr. Shaul Elovitch. Accordingly, Mr. Shaul Elovitch may be deemed to have the sole voting and dispositive power as to the ordinary shares of the Issuer held of record directly by Eurocom Communications. Mr. Shaul Elovitch may also deem to be the beneficial owner of 26,893 ordinary shares held of record by his wife, Mrs. Iris Elovitch. In addition, the above includes 8,300 shares that are held by other family members of Mr. Shaul Elovitch.
**Based on 19,203,186 Ordinary Shares that the Issuer advised were issued and outstanding (which excludes 5,862,615 Ordinary Shares held as treasury stock) as of June 3, 2016.
| 1 | NAME OF REPORTING PERSON: Yossef Elovitch | |||||
|---|---|---|---|---|---|---|
| I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): Not applicable. | ||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: | |||||
| (a) ☒ (b) ☐ |
||||||
| 3 | SEC USE ONLY | |||||
| 4 | SOURCE OF FUNDS: WC | |||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e): | |||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION: Israel | |||||
| NUMBER OF | 7 | SOLE VOTING POWER: -0- | ||||
| SHARES | 8 | SHARED VOTING POWER: 11,890,701 Ordinary Shares* | ||||
| BENEFICIALLY OW NED BY |
||||||
| EACH | 9 | SOLE DISPOSITIVE POWER: -0- | ||||
| REPORTING | ||||||
| PERSON | SHARED DISPOSITIVE POWER: 11,890,701 Ordinary Shares* | |||||
| W ITH | ||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 11,890,701 Ordinary Shares* | |||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐ | |||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 61.92%** | |||||
| 14 | TYPE OF REPORTING PERSON: IN | |||||
*Mr. Shaul Elovitch, Mr. Yossef Elovitch, Eurocom Communications, and Eurocom Holdings are the beneficial owners of 11,890,701 ordinary shares of the Issuer that are held by Eurocom Communications (925,000 of these shares are held directly by a joint account of Messrs. Shaul and Yossef Elovitch). Mr. Shaul Elovitch and his brother, Mr. Yossef Elovitch, own 80% and 20%, respectively, of Eurocom Holdings (Mr. Shaul Elovitch and Mr. Yossef Elovitch own 75% and 25%, respectively, of Eurocom Holdings'management shares). Eurocom Communications is 99.33% owned by Eurocom Holdings. The remaining 0.67% interest in Eurocom Communications is directly owned by Mr. Shaul Elovitch. Accordingly, Mr. Shaul Elovitch may be deemed to have the sole voting and dispositive power as to the ordinary shares of the Issuer held of record directly by Eurocom Communications.
**Based on 19,203,186 Ordinary Shares that the Issuer advised were issued and outstanding (which excludes 5,862,615 Ordinary Shares held as treasury stock) as of June 3, 2016.
This Amendment No. 21 (the "Amendment") is filed by Eurocom Communications, Eurocom Holdings, Mr. Shaul Elovitch and Mr. Yossef Elovitch (collectively, "the "Reporting Persons") pursuant to Rule 13d-2 of the Securities Exchange Act of 1934 and amends the initial Statement on Schedule 13D filed by the Reporting Persons on June 17, 2005, Amendment No. 1 filed on August 3, 2005, Amendment No. 2 filed on May 17, 2007, Amendment No. 3 filed on February 12, 2009, Amendment No. 4 filed on December 1, 2009, Amendment No. 5 filed on December 21, 2009, Amendment No. 6 filed on January 21, 2010, Amendment No. 7 filed on May 11, 2010, Amendment No. 8 filed on September 7, 2010, Amendment No. 9 filed on November 26, 2010, Amendment No. 10 filed on December 28, 2010, Amendment No. 11 filed on May 23, 2011, Amendment No. 12 filed on June 3, 2011, Amendment No. 13 filed on June 6, 2011, Amendment No. 14 filed on September 8, 2011, Amendment No. 15 filed on September 2, 2014, Amendment No. 16 filed on October 2, 2014, Amendment No. 17 filed on November 28, 2014, Amendment No. 18 filed on December 4, 2015, Amendment No. 19 filed on January 15, 2016 and Amendment No. 20 filed on January 22, 2016 (the initial Schedule 13D and together with the Amendments, the "Statement"). The Statement relates to the ordinary shares, nominal par value NIS 0.01 per share ("Ordinary Shares") of Internet Gold-Golden Lines Ltd. (the "Issuer"), an Israeli company whose principal executive offices are located at 2 Dov Friedman Street, Ramat-Gan, 5250301, Israel.
The Statement is being filed by the Reporting Persons.
Mr. Shaul Elovitch, a citizen of Israel, serves as the Chairman of the board of directors of Eurocom Communications and Eurocom Holdings, and serves as the Chairman of the board of directors of the Issuer. Mr. Shaul Elovitch's business address is 2 Dov Friedman Street, Ramat Gan 5250301, Israel. Mr. Shaul Elovitch is the brother of Mr. Yossef Elovitch.
Mr. Yossef Elovitch, a citizen of Israel, serves as director of Eurocom Communications and Eurocom Holdings, and of the Issuer. Mr. Yossef Elovitch's business address is 2 Dov Friedman Street, Ramat Gan 5250301, Israel. Mr. Yossef Elovitch is the brother of Mr. Shaul Elovitch.
Eurocom Communications is a privately held company incorporated under the laws of the State of Israel. Eurocom Communications is primarily engaged in the telecommunications business. The address of its principal office is 2 Dov Friedman Street, Ramat Gan 5250301, Israel. Eurocom Communications is 99.33% owned by Eurocom Holdings. The remaining 0.67% in Eurocom Communications is directly owned by Mr. Shaul Elovitch.
Eurocom Holdings is a privately held holding company incorporated under the laws of the State of Israel. The address of its principal office is 2 Dov Friedman Street, Ramat Gan 5250301, Israel. Eurocom Holdings is 80% owned by Mr. Shaul Elovitch and 20% owned by Mr. Yossef Elovitch. Mr. Shaul Elovitch and Mr. Yossef Elovitch own 75% and 25%, respectively, of Eurocom Holdings' management shares.
During the last five years, none of the Reporting Persons, or any of the directors and executive officers of the respective corporations listed on Schedule 1 hereto, has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors), or has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which proceeding it, he or she was or is subject to a judgment, decree or final order either enjoining future violations of, or prohibiting or mandating activities subject to, United States federal or state securities laws, or finding any violation with respect to such laws.
Since the last reported 13D/A, the Reporting Persons sold an aggregate of 522,606 Ordinary Shares of the Issuer effected in private transactions in Israel. The aggregate sales price for such 522,606 Ordinary Shares was approximately \$7,088,789.
The 522,606 Ordinary Shares sold by Eurocom Communications since the last reported 13D/A were sold in order to provide funds to be used for general corporate purposes. The Reporting Persons currently do not have any plan or proposal which relates to, or would result in:
The Reporting Persons are the beneficial owners of 11,890,701 Ordinary Shares of the Issuer held of record by Eurocom Communications (925,000 of these shares are held directly by a joint account of Messrs. Shaul and Yossef Elovitch), which constitute approximately 61.92% of the Ordinary Shares of the Issuer issued and outstanding on June 3, 2016. The Reporting Persons have shared power to vote or direct the vote and shared power to dispose or direct the disposition of the Ordinary Shares of the Issuer held of record directly by Eurocom Communications.
In addition, Mr. Shaul Elovitch may also deemed to be the beneficial owner of 26,893 ordinary shares held of record by his wife, Mrs. Iris Elovitch. In addition 8,300 shares are held by other family members of Mr. Shaul Elovitch. Mr. Shaul Elovitch and Mrs. Elovitch may be deemed to have shared power to vote or direct the vote and the shared power to dispose or direct the disposition of the 26,893 Ordinary Shares of the Issuer held of record by Mrs. Elovitch. Messrs. Shaul and Yossef Elovitch may be deemed to have shared power to vote or direct the vote and the shared power to dispose or direct the disposition of the 925,000 Ordinary Shares of the Issuer held of record directly by them.
(c)The following table sets forth all of the transactions in the Ordinary Shares of the Issuer effected by the Reporting Persons since the last reported 13D/A. All such Ordinary Shares were sold by Eurocom Communications Ltd. in private transactions.
| Date of Sale | Number of Ordinary Shares Sold |
Price Per Share (NIS) |
|---|---|---|
| 03/22/2016 | 12,050 | 63.91 |
| 03/22/2016 | 320 | 62.50 |
| 03/24/2016 | 6,753 | 61.27 |
| 03/28/2016 | 2,594 | 59.20 |
| 03/29/2016 | 63,000 | 56.50 |
| 03/30/2016 | 43,000 | 55.92 |
| 03/31/2016 | 34,889 | 53.89 |
| 06/02/2016 | 360,000 | 50.25 |
Except for such transactions, the Reporting Persons have not effected any transactions in the Ordinary Shares of the Issuer since the last reported 13D/A.
(d)No person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares reported above in this Item 5, other than with respect to the Ordinary Shares held of record by Mrs. Iris Elovitch and the other family members mentioned above.
(e)Not applicable.
None.
After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct.
Date: June 3, 2016
Mr. Shaul Elovitch
Mr. Yossef Elovitch
Eurocom Communications Ltd
Name: Shaul Elovitch Title: Chairman
Eurocom Holdings (1979) Ltd.
Name: Shaul Elovitch Title: Chairman
| Name | Position |
|---|---|
| Shaul Elovitch | Chairman of the Board of Directors |
| Yossef Elovitch | Director |
| Amikam Shorer | Vice Chairman |
| Reuben Sgan-Cohen | Executive Vice President |
| Or Elovitch | CEO |
| Felix Cohen | Chief Financial Officer |
| Ami Barlev | VP and General Counsel |
| Name | Position |
|---|---|
| Shaul Elovitch | Chairman of the Board of Directors |
| Yossef Elovitch | Director |
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