Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

13G Filing: Phoenix Holdings Ltd. and RADA Electronic Industries Ltd (RADA)

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Itshak Sharon (Tshuva) 2,601,418 2,601,418 2,601,418 11.20%
Delek Group Ltd 2,601,418 2,601,418 2,601,418 11.20%
The Phoenix Holding Ltd 2,601,418 2,601,418 2,601,418 11.20%

Page 1 of 9 – SEC Filing


 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*
Rada Electronic Industries Ltd.
(Name of Issuer)
Ordinary Shares, NIS 0.030 Par Value
 (Title of Class of Securities)
M81863124
(CUSIP Number)
August 23, 2017

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
Rule 13d-1(c)
☐ Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Follow Rada Electronic Industries Ltd (NASDAQ:RADA)
Trade (NASDAQ:RADA) Now!

Page 2 of 9 – SEC Filing


Item 1. (a)                  Name of Issuer:
Rada Electronic Industries Ltd.
             (b)
Address of Issuer’s Principal Executive Offices:
7 Giborei Israel Street, Netanya 4250407, Israel
Item 2. (a)
Name of Person Filing:
 1. Itshak Sharon (Tshuva)
 2. Delek Group Ltd.
 3. The Phoenix Holding Ltd.
The securities reported herein are beneficially owned by various direct or indirect, majority or wholly-owned subsidiaries of the Phoenix Holding Ltd. (the “Subsidiaries”).  The Subsidiaries manage their own funds and/or the funds of others, including for holders of exchange-traded notes or various insurance policies, members of pension or provident funds, unit holders of mutual funds, and portfolio management clients.  Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions.
The Phoenix Holding Ltd. is an majority-owned subsidiary of Delek Group Ltd.  The majority of Delek Group Ltd.’s outstanding share capital and voting rights are owned, directly and indirectly, by Itshak Sharon (Tshuva) through private companies wholly-owned by him, and the remainder is held by the public.
(b)
Address of Principal Business Office:
The address of Itshak Sharon (Tshuva) and Delek Investments and Properties Ltd. is 7 Giborei Israel Street, P.O.B. 8464, Netanya, 42504, Israel.
The address of the Phoenix Holding Ltd. is Derech Hashalom 53, Givataim, 53454, Israel.
(c)
Citizenship:
 1. Itshak Sharon (Tshuva) – Israel
 2. Delek Group Ltd. – Israel
 3. The Phoenix Holding Ltd. – Israel
(d)
Title of Class of Securities:
Ordinary Shares, NIS 0.030 Par Value
(e)
CUSIP Number:
M81863124

Follow Rada Electronic Industries Ltd (NASDAQ:RADA)
Trade (NASDAQ:RADA) Now!

Page 3 of 9 – SEC Filing

Item 3.
Not applicable.
Item 4.
Ownership:
(a)
Amount beneficially owned:
See row 9 of cover page of each reporting person.
Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions.  Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission by either the Filing Persons or Subsidiaries that a group exists for purposes of Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose, and each reporting person disclaims the existence of any such group.  In addition, each of the Filing Persons and Subsidiaries disclaims any beneficial ownership of the securities covered by this report in excess of their actual pecuniary interest therein. This Statement shall not be construed as an admission by the Filing Persons or Subsidiaries that they are the beneficial owners of any of the Ordinary Shares covered by this Statement, and each of Filing Persons and Subsidiaries disclaims beneficial ownership of any such Ordinary Shares.
As of August 23, 2017, the securities reported herein were held as follows:
Ordinary Shares
Percentage of total Ordinary Shares outstanding
Excellence “nostro” accounts
Excellence pension and provident funds
Excellence trust funds
Excellence ETF’s
The Phoenix “nostro” accounts
618,085.00
2.66
The Phoenix pension and provident funds
Linked insurance policies of Phoenix
Linked insurance policies of Phoenix – Partnership for Israeli shares (1)
1,983,333.00
8.54
Linked insurance policies of Phoenix – Partnership for investing in the TA 125 (1)
Partnership for international shares (1)
(1) All ownership rights in this partnership belong to companies that are part of Phoenix Group. The amount of ownership rights held by such companies in the partnership changes frequently according to a mechanism provided in the partnership agreement.

Follow Rada Electronic Industries Ltd (NASDAQ:RADA)
Trade (NASDAQ:RADA) Now!

Page 4 of 9 – SEC Filing

(iii)
Sole power to dispose or to direct the disposition of:
See row 7 of cover page of each reporting person
(iv)
Shared power to dispose or to direct the disposition of:
See row 8 of cover page of each reporting person and note in Item 4(a) above
Item 5.
Ownership of Five Percent or Less of a Class:
Not applicable.

 

Item 6.
Ownership of More than Five Percent on Behalf of Another:
Not applicable.

Follow Rada Electronic Industries Ltd (NASDAQ:RADA)
Trade (NASDAQ:RADA) Now!

Page 5 of 9 – SEC Filing

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:
Not applicable.

 

Item 8.
Identification and Classification of Members of the Group:
Not applicable.

 

Item 9.
Notice of Dissolution of Group:
Not applicable.

Follow Rada Electronic Industries Ltd (NASDAQ:RADA)
Trade (NASDAQ:RADA) Now!

Page 6 of 9 – SEC Filing

Item 10.
Certification:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Follow Rada Electronic Industries Ltd (NASDAQ:RADA)
Trade (NASDAQ:RADA) Now!

Page 7 of 9 – SEC Filing

SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
August 27, 2017
Itshak Sharon (Tshuva)
/s/ Itshak Sharon (Tshuva)
By: Itshak Sharon (Tshuva)
Delek Group Ltd.
/s/ Leora Pratt Levin
By: Leora Pratt Levin*
Title: V.P. Legal Affairs
/s/ Gabi Last
By: Gabi Last*
Title: Chairman
The Phoenix Holding Ltd.
/s/ Eli Schwartz
By: Eli Schwartz**
Title: Chief Financial Officer
/s/Menachem Neeman
By: Menachem Neeman**
Title: Legal Counsel and Company Secretary
* Signature duly authorized by resolution of the Board of Directors, notice of which is attached as Exhibit 2 to this Schedule 13G.
** Signature duly authorized by resolution of the Board of Directors, notice of which is attached as Exhibit 3 to this Schedule 13G.

Follow Rada Electronic Industries Ltd (NASDAQ:RADA)
Trade (NASDAQ:RADA) Now!

Page 8 of 9 – SEC Filing

Follow Rada Electronic Industries Ltd (NASDAQ:RADA)
Trade (NASDAQ:RADA) Now!

Page 9 of 9 – SEC Filing



Follow Rada Electronic Industries Ltd (NASDAQ:RADA)
Trade (NASDAQ:RADA) Now!