13G Filing: Migdal Insurance & Financial Holdings Ltd. and Sapiens International Corporation N.V. (SPNS)

The foregoing entity is referred to as the “Reporting Person” in this Statement:

Migdal Insurance & Financial Holdings Ltd., an Israeli public company, with a principal business address at  4 Efal Street; P.O. Box 3063; Petach Tikva 49512, Israel.

             

(d)	Title of Class of Securities:

Ordinary Shares, NIS 0.01 par value per share (the “Ordinary Shares”)

(e)	CUSIP Number:

N7716A151

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not Applicable.

Item 4.

Ownership

Of the 2,468,836 Ordinary Shares reported in this Statement as beneficially owned by the Reporting Person (i) 2,468,836 Ordinary Shares are held for members of the public through, among others, provident funds, mutual funds, pension funds and insurance policies, which are managed by subsidiaries of Reporting Person, according to the following segmentation: 1,297,863 Ordinary Shares are held by Profit participating life assurance accounts 940,421 Ordinary Shares are held by Provident funds and companies that manage provident funds, and 230,552 Ordinary Shares are held by companies for the management of funds for joint investments in trusteeship, each of which subsidiaries operates under independent management and makes independent voting and investment decisions, and (ii) 0 are beneficially held for their own account (Nostro account). Consequently, this Statement shall not be construed as an admission by the Reporting Person that it is the beneficial owner of 2,468,836 Ordinary Shares reported in this Statement Except as set forth above, see items 5-11 of the cover pages hereto for beneficial ownership, percentage of class and dispositive power of the Reporting Person, which are incorporated herein.

Item 5.

Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person Not Applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company Not Applicable.

Item 8.

Identification and Classification of Members of the Group Not Applicable.

Item 9.       Notice of Dissolution of Group

    Not Applicable.