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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the Month of September, 1999
Koor Industries Ltd.
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(Translation of registrant's name into English)
4 Kaufman Street, Tel-Aviv, 68012, Israel
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(Address of principal executive offices)
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 X FORM 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to rule 12g3-2(b) under the Securities Exchange Act of 1934.
YES NO X
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If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-_____
SIGNATURES
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.
/s/ Shlomo Heller
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Date: September 17, 1999 By: Shlomo Heller
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Exhibit Description
A. Translation from Hebrew to English of an Immediate Report
(the "Report"), which was served on the Israeli Securities
Authority, The Tel-Aviv Stock Exchange Ltd. and the
Registrar of Companies, on September 16, 1999, regarding
holding in Mashav.
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[Koor Letterhead]
EXHIBIT A
9 September, 1999
The Securities Authority The Tel Aviv Stock The Registrar of Companies
22 Kanfei Nesharim St. Exchange 97 Yafo St.
Jerusalem 95464 54 Ahad Ha'am St. Jerusalem 91007
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Fax: 02-6513940 Fax: 03-5105379
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Dear Sirs,
Re: Immediate Report No. 35/99
Koor Industries Ltd. (Company No. 52-001414-3)
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Pursuant to the immediate reports from February 26, 1998 and from April 9, 1998
regarding holdings in Mashav Initiating and Development Ltd. (hereby: "Mashav"),
copies of which please find attached, Koor Industries (hereby "Koor") announces,
that yesterday evening Koor and Clal Industries and Investments Ltd. (hereby:
"Clal") received the valuation results of the external valuators chosen to
evaluate Mashav.
Based on this valuation, Clal's Option exercise price, to purchase 25% of
Mashav's share capital, is 179 million dollars.
Clal's Option exercise period is till July 31, 2000. Koor has no information as
regards to Clal's intentions to exercise the Option.
Yours sincerely,
Adv. Shlomo Heller
Legal Counsel and Company Secretary
