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AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON APRIL 29, 1999
REGISTRATION NO. 333-
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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FUNDTECH LTD.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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ISRAEL 7372 NOT APPLICABLE
(STATE OR OTHER JURISDICTION OF (PRIMARY STANDARD INDUSTRIAL (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) CLASSIFICATION CODE NUMBER) IDENTIFICATION NO.)
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FUNDTECH LTD.
BEIT HABONIM
2 HABONIM STREET
RAMAT GAN 52462, ISRAEL
011-972-3-575-2750
FAX: 011-972-3-575-1725
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF
REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
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FUNDTECH CORP.
30 MONTGOMERY STREET, SUITE 501
JERSEY CITY, NEW JERSEY 07302
201-946-1100
FAX: 201-946-1313
(NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER OF AGENT FOR SERVICE)
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COPIES OF ALL COMMUNICATIONS TO BE SENT TO:
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DAVID P. STONE, ESQ. MICHAEL S. HYMAN, ESQ. ALEXANDER D. LYNCH, ESQ.
WEIL, GOTSHAL & MANGES LLP FUNDTECH CORP. BROBECK, PHLEGER &
767 FIFTH AVENUE 30 MONTGOMERY STREET, HARRISON LLP
NEW YORK, NEW YORK 10153 SUITE 501 1633 BROADWAY
212-310-8000 JERSEY CITY, NEW JERSEY 07302 NEW YORK, NEW YORK 10019
FAX: 212-310-8007 201-946-1100 212-581-1600
CLIFFORD M.J. FELIG, ADV. FAX: 201-946-1313 FAX: 212-586-7878
HERZOG, FOX & NEEMAN AARON M. LAMPERT, ADV.
ASIA HOUSE NASCHITZ, BRANDES & CO.
4 WEIZMAN STREET 5 TUVAL STREET
TEL AVIV 64239, ISRAEL TEL AVIV 67897, ISRAEL
011-972-3-692-2020 011-972-3-623-5000
FAX: 011-972-3-696-6464 FAX: 011-972-3-623-5005
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APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: As soon as
practicable after the Registration Statement becomes effective.
If any of the securities being registered on this Form are to be offered on
a delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, please check the following box. [ ]
If this Form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, please check the following box
and list the Securities Act registration number of the earlier effective
registration statement for the same offering. [X] 333-75233
If this Form is a post-effective amendment filed pursuant to Rule 462(c)
under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. [ ]
If this Form is a post-effective amendment filed pursuant to Rule 462(d)
under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. [ ]
If the delivery of the prospectus is expected to be made pursuant to Rule
434, please check the following box. [ ]
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CALCULATION OF REGISTRATION FEE
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PROPOSED MAXIMUM PROPOSED MAXIMUM AMOUNT OF
TITLE OF EACH CLASS OF AMOUNT TO BE OFFERING PRICE PER AGGREGATE OFFERING REGISTRATION
SECURITIES TO BE REGISTERED REGISTERED(1) ORDINARY SHARE(2) PRICE(2) FEE(3)
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Ordinary shares, NIS 0.01 per
share.............................. 460,000 $35.00 $16,100,000 $4,476
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(1) Includes 60,000 ordinary shares issuable upon exercise of the Underwriters'
over-allotment option.
(2) The proposed maximum aggregate offering price and the registration fee are
calculated pursuant to Rule 457 under the Securities Act of 1933.
(3) These securities are in addition to the 2,875,000 ordinary shares registered
purusant to Registration No. 333-75233 for which a filing fee of $22,929 has
been paid.
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EXPLANATORY NOTE
This registration statement is being filed with respect to the registration
of additional Ordinary Shares, par value NIS 0.01 per share, of Fundtech Ltd., a
company organized under the laws of Israel (the "Company"), pursuant to Rule
462(b) under the Securities Act of 1933, as amended ("Rule 462(b)"). Pursuant to
Rule 462(b), the contents of the registration statement of the Company (File No.
33-75233) as amended, which was declared effective on April 29, 1999 (the
"Earlier Registration Statement"), including the exhibits thereto, are
incorporated by reference into this registration statement. The form of
prospectus contained in such Earlier Registration Statement will reflect the
aggregate amount of securities registered in this Registration Statement and the
Earlier Registration Statement.
The Company certifies that (i) it gave instructions to a bank to transmit a
wire transfer to the Commission of the requisite amount of the registration fee
set forth on the cover page of this Registration Statement as soon as
practicable (but in any event no later than the close of the next business day
following the date this registration statement is transmitted to the
Commission), (ii) that it will not revoke such instructions, and (iii) that it
has sufficient funds in the relevant account to cover the amount of such
registration fee.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant
has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Ramat Gan, Israel, on
the 29th day of April, 1999.
FUNDTECH LTD.
By: /s/ MICHAEL CARUS
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Name: Michael Carus
Title: Executive Vice President and
Chief Financial Officer
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated:
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SIGNATURE TITLE DATE
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* Chairman of the Board of April 29, 1999
- --------------------------------------------------- Directors, Chief Executive
Reuven Ben-Menachem Officer and President
(principal executive officer)
* Director April 29, 1999
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Boaz Misholi
* Director April 29, 1999
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Jay B. Morrison
* Director April 29, 1999
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Eddy Shalev
* Director April 29, 1999
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George M. Lieberman
* Director April 29, 1999
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Rina Shainski
* Director April 29, 1999
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Rimon Ben-Shaoul
/s/ MICHAEL CARUS Executive Vice President and April 29, 1999
- --------------------------------------------------- Chief Financial Officer
Michael Carus (principal financial and
accounting officer)
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3
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Authorized Representative in the United
States:
DATE
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April 29, 1999
FUNDTECH CORP.
/s/ MICHAEL CARUS
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Michael Carus, Chief Financial Officer
* /s/ MICHAEL CARUS
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Attorney-in-fact
Michael Carus
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4
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EXHIBIT INDEX
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EXHIBIT PAGE
NUMBER DESCRIPTION NO.
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5.1 Opinion of Herzog, Fox & Neeman
23.1 Consent of Herzog, Fox & Neeman (Contained in Exhibit 5.1)
23.2 Consent of Kost, Forer and Gabbay, a member of Ernst &
Young International
*24.1 Powers of Attorney
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*Incorporated by reference to the Registrant's Registration Statement on Form
S-1, File No. 333-75233.
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Exhibit 5.1
[Letterhead of Herzog, Fox & Neeman]
Fundtech Ltd.
Beit Habonim
2 Beit Habonim Street
Ramat Gan 52462 Israel
April 29, 1999
Dear Sir and Madam:
We refer to the Registration Statement on Form S-1 (the "Registration
Statement"), filed by Fundtech Ltd. (the "Company") with the Securities and
Exchange Commission for the purpose of registering under the United States
Securities Act of 1933, as amended, 400,000 Ordinary Shares together with
60,000 additional Ordinary Shares to satisfy over-allotments (together, the
"Shares"), to be issued pursuant to an Underwriting Agreement between
BancBoston Robertson Stephens Inc., Salomon Smith Barney Inc., CIBC Oppenheimer
Corp., Hambrecht & Quist LLC and Lehman Brothers Inc. (collectively, the
"Underwriters") and the Company.
As counsel to the Company in Israel, we have examined such corporate records,
documents, agreements and such matters of law as we have considered necessary
or appropriate for the purpose of rendering this opinion. Upon the basis of
such examination, we advise you that in our opinion, the Shares have been duly
and validly authorized and, upon payment therefor, will be validly issued, fully
paid and nonassessable.
We are members of the Israeli bar, and the opinion expressed herein is limited
to questions arising under the laws of the State of Israel, and we disclaim any
opinion whatsoever with respect to matters governed by the laws of any other
jurisdiction.
We consent to the filing of this opinion as an exhibit to the Registration
Statement and to references to this firm under the captions "Enforceability of
Civil Liabilities," "Legal Matters" and "Experts" in the Prospectus which is a
part of the Registration Statement.
Very truly yours,
/s/ Herzog, Fox & Neeman
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Exhibit 23.2
CONSENT OF INDEPENDENT AUDITORS
We consent to the reference to our firm under the captions "Experts" and the use
of our reports dated March 26, 1999 in the Registration Statement (Form S-1),
and related Prospectus of Fundtech Ltd. for the registration of 460,000 of its
Ordinary Shares.
/S/ Kost, Forer & Gabbay
Tel Aviv, Israel KOST, FORER and GABBAY
April 29, 1999 Certified Public Accountants (Israel)
A Member of Ernst & Young International
