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
under the Securities Exchange Act of 1934
For the month of June 2016
Commission File Number: 001-13138
Pointer
Telocation Ltd.
(Translation of registrant's name into English)
14 Hamelacha Street, Rosh Ha'ayin, Israel
4809133
(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 ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________
Pointer Telocation Ltd.
On June 6, 2016, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1, in respect of the TASE announcement of the manual price adjustment of the Registrant’s ordinary shares to be made on the TASE at the opening of business on June 7, 2016
Exhibit Index
Exhibit 991 | Press release dated June 6, 2016. |
Exhibits 99.1 is incorporated herein by reference.
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.
June 6, 2016 |
POINTER TELOCATION LTD. By: /s/ Yossi Ben Shalom Yossi Ben Shalom Chairman of the Board of Directors |
Exhibit 99.1
Pointer Telocation Ltd. Reports that
the Tel Aviv Stock Exchange Has
Announced the Exchange’s Adjustment to the Opening Price of the Company’s
Ordinary
Shares on the Commencement of Trading on June 7, 2016, the
Previously Announced Ex-Dividend Date of the Spin-Off of Shagrir Group
Vehicle Services Ltd.
Rosh HaAyin, Israel June 6, 2016. Pointer Telocation Ltd. (Nasdaq Capital Market: PNTR; TASE: PNTR), a leading developer, manufacturer and operator of Mobile Resource Management (MRM) services, announced that at the close of business in Tel Aviv today, the Tel Aviv Stock Exchange ( the “TASE”) issued an announcement that the opening price of Pointer’s ordinary shares on June 7, 2016 (the previously announced ex-dividend date for the Company’s contemplated spin-off of Shagrir Group Vehicle Services Ltd.) in Tel Aviv, will be manually reduced by 29.97% from today's closing price on the TASE.
Pointer notes that the TASE’s determination of the adjustment was based on its own independent calculations and that it has no view with respect to the methodology or correctness of such calculation.
About Pointer Telocation
Pointer Telocation is a leading provider of technology and services to the automotive and insurance industries, offering a set of services including Mobile Resource Management, Fleet Management and Stolen Vehicle Recovery. Pointer has a growing list of customers and products installed in 50 countries. Cellocator, a Pointer Products Division, is a leading AVL (Automatic Vehicle Location) solutions provider for stolen vehicle retrieval, fleet management, car & driver safety, public safety, vehicle security and more. For more information visit http://www.pointer.com
Safe Harbor Statement
This press release contains forward-looking statements with respect to the business, financial condition and results of operations of Pointer and its affiliates. These forward-looking statements are based on the current expectations of the management of Pointer, only, and are subject to risk and uncertainties relating to changes in technology and market requirements, the company’s concentration on one industry in limited territories, decline in demand for the company’s products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. Pointer undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risks and uncertainties affecting the company, reference is made to the company's reports filed from time to time with the Securities and Exchange Commission.
Contact:
Zvi Fried, V.P. and Chief Financial Officer | Gavriel Frohwein/Ehud Helft, GK Investor Relations |
Tel.: +972-3-572 3111 | Tel: +1 646 688 3559 |
E-mail: zvif@pointer.com | E-mail: pointer@gkir.com |