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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 January, 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: Legal Counsel & Corporate
Secretary
Dated: January 20, 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 January 18, 2000, regarding the sale of all Koor's holdings in
the Q Group for approximately 42 million NIS (before tax).
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[Koor Letterhead]
EXHIBIT A
18 January, 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
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Fax: 02-6513940 Fax: 03-5105379
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Dear Sirs,
Re: Immediate Report 6/2000
Koor Industries Ltd. (Company No. 52-001414-3)
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Koor Industries Ltd (Hereinafter: "Koor"), hereby gives notice as follows:
Koor Industries Ltd (Hereinafter "the Company" or "Koor") announces that
following the completion of the recommended cash offer for all the outstanding
shares of different shareholders in Q Group PLC (Hereinafter: "Q Group"), of
which Koor owns, through Koor Multimedia (a wholly owned subsidiary of Koor),
approximately 23%, Koor is selling, for approximately 42 million NIS (before
tax), its holdings in the Q Group.
Koor's expected capital gain from this sale (before tax) is approximately 30
million NIS.
Sincerely yours,
Adv. Shlomo Heller
Legal Counsel and Company Secretary
