SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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FORMULA SYSTEMS (1985) LTD.
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(Name of Issuer)
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Ordinary
Shares, NIS 1 par value
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(Title of Class of Securities)
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346414105
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(CUSIP Number)
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December 31, 2018
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(Date of Event Which Requires Filing of this Statement)
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1
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NAMES OF REPORTING PERSONS/
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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IDB Development Corporation Ltd.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Israel
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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0
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6
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SHARED VOTING POWER
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1,273,784
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7
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SOLE DISPOSITIVE POWER
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0
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8
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SHARED DISPOSITIVE POWER
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1,273,784
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,273,784
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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8.64%*
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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CO
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1
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NAMES OF REPORTING PERSONS/
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Eduardo Sergio Elsztain
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Israel
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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0
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6
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SHARED VOTING POWER
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1,274,051 *
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7
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SOLE DISPOSITIVE POWER
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0
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8
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SHARED DISPOSITIVE POWER
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1,274,051 *
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,274,051 *
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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8.64% **
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IN
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(a) |
Name of Issuer: Formula Systems (1985) Ltd. (the "Issuer").
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(b) |
Address of Issuer’s Principal Executive Offices:
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(b) |
Address of Principal Business Offices or, if none, Residence:
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(c) |
Citizenship or Place of Incorporation:
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(d) |
Title of Class of Securities:
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(e) |
CUSIP Number:
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Item 3. |
If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
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Item 4. |
Ownership
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(b) |
Percent of class: see row 11 of cover page of the reporting persons
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(c) |
Number of shares as to which such person has:
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(i) |
Sole power to vote or to direct the vote: see row 5 of cover page of the reporting persons
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(ii) |
Shared power to vote or to direct the vote: see row 6 of cover page of the reporting persons and note in Item 4 above.
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(iii) |
Sole power to dispose or to direct the disposition of: see row 7 of cover page of the reporting persons
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(iv) |
Shared power to dispose or to direct the disposition of: see row 8 of cover page of the reporting persons and note in Item 4 above
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Item 5. |
Ownership of 5 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 5 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 or Control
Person
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Item 8. |
Identification and Classification of Members of the Group
Not applicable. |
February 14, 2019
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BY: IDB DEVELOPMENT CORPORATION LTD. for itself
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and on behalf of EDUARDO SERGIO ELSZTAIN
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BY:
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/s/ Sholem Lapidot
/s/ Aaron Kaufman
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Sholem Lapidot and Aaron Kaufman, authorized signatories of IDB DEVELOPMENT CORPORATION LTD., on behalf of Eduardo
Sergio Elsztain, pursuant to an agreement annexed as Exhibit 1 to this Schedule 13G.
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Exhibit 1 |
Authorization letter dated April 30, 2018 authorizing IDB Development Corporation Ltd. to file this Statement on Schedule 13G on behalf of the Reporting
Person.
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Very truly yours,
/s/ Eduardo
Sergio Elsztain
EDUARDO SERGIO ELSZTAIN
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