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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 March, 2000
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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By: Shlomo Heller
Title: General Counsel and
Company Secretary
Dated: March 7, 2000
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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 March 5, 2000, regarding the signing of a Subscription
Agreement between Koor Industries LTD and Polaris Venture Capital
Fund III L.P.
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[Koor Letterhead]
EXHIBIT A
March 5, 2000
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
Tel Aviv 65202
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Fax: 02-6513940 Fax: 03-5105379
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Dear Sirs,
Re: Immediate Report - Koor Industries Ltd. (NO. 10/2000)
Company No. 52-001414-3
Koor Industries Ltd. hereby announces the following:
On Thursday, March 2, 2000, during the evening hours, Koor signed a Subscription
Agreement as a limited partner in the venture capital fund, Polaris Venture
Capital Fund III L.P., which is a limited partnership registered in Israel
(hereinafter: "The Fund").
As part of its commitment, Koor is supposed to invest up to 35 million dollars
and will have the right for a permanent representative in the Advisory Committee
of the Fund.
This investment is made as part of Koor's activity to increase its investments
in technology companies with growth potential.
Yours sincerely,
Shlomo Heller, Adv.
Legal Counsel
