zk1212328.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
SCHEDULE 13D/A
 
Under the Securities Exchange Act of 1934
(Amendment No. 14)
 
ELBIT IMAGING LTD.
(Name of Issuer)
 
Ordinary Shares, Nominal Value NIS 1.00 per share 
(Title of Class of Securities)
 
M 3760510
(CUSIP Number)
 
Shimon Yitzhaki
2 Weitzman St.
Tel-Aviv 64239 Israel
972-3-608-6000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
 
August 14, 2012
(Date of Event which Requires Filing of This Statement)
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box o.
 
Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.   See § 240.13d-7(b) for other parties to whom copies are to be sent.
 
The information required on 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 (the “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).
 
 
 
 
 
CUSIP No.    M 3760510
13D/A
Page 2 of 8
1
NAME OF REPORTING PERSON:    Europe-Israel (M.M.S.) Ltd. (“Europe-Israel”)
 
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) o
(b) o
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS:
 
BK
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
 
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Israel
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 7
SOLE VOTING POWER:    
 
13,157,966 shares
8
SHARED VOTING POWER :
 
0 shares
9
SOLE DISPOSITIVE POWER :  
 
13,157,966 shares
10
SHARED DISPOSITIVE POWER:
 
0 shares
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:   
 
13,157,966 shares
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions):  
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):  
 
52.87%*
14
TYPE OF REPORTING PERSON:
 
CO
 
*
Based on 24,885,833 ordinary shares of the Issuer outstanding as of November 26, 2012 (excluding 3,388,910 treasury shares held by the Issuer or for the Issuer’s benefit, which do not have any voting or economic rights under Israeli law) based on information provided by the Issuer.
 
 
 
 
 
CUSIP No.    M 3760510
13D/A
Page 3 of 8
1
NAME OF REPORTING PERSON:    Control Centers Ltd. (“Control Centers”)
 
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) o
(b) o
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS:
 
N/A
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
 
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Israel
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 7
SOLE VOTING POWER:    
 
0 shares
8
SHARED VOTING POWER :
 
13,182,803 shares***
9
SOLE DISPOSITIVE POWER :  
 
0 shares
10
SHARED DISPOSITIVE POWER:
 
13,182,803 shares**
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:   
 
13,182,803 shares**
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions):  
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):  
 
52.97%*
14
TYPE OF REPORTING PERSON:
 
CO

*
Based on 24,885,833 ordinary shares of the Issuer outstanding as of November 26, 2012 (excluding 3,388,910 treasury shares held by the Issuer or for the Issuer’s benefit, which do not have any voting or economic rights under Israeli law) based on information provided by the Issuer.
 
**
Includes 13,157,966 ordinary shares of the Issuer beneficially owned by Europe-Israel, with respect to which Control Centers may be deemed to have shared power of voting and disposition by virtue of its holding of 100% of the issued and outstanding ordinary shares of Europe-Israel.  Also includes 24,837 ordinary shares of the Issuer beneficially owned by Marina Herzelia (Limited Partnership) 1988, an Israeli limited partnership, the general partner of which is wholly-owned by Control Centers
 
 
 
 
 
CUSIP No.    M 3760510
 13D/A
Page 4 of 8
1
NAME OF REPORTING PERSON:    Marina Herzelia (Limited Partnership) 1988 (“Marina”)**
 
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) o
(b) o
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS:
 
BK
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
 
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Israel
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 7
SOLE VOTING POWER:    
 
24,837  shares
8
SHARED VOTING POWER :
 
0 shares
9
SOLE DISPOSITIVE POWER :  
 
24,837 shares
10
SHARED DISPOSITIVE POWER:
 
0 shares
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:   
 
24,837 shares
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions):  
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):  
 
0.1%*
14
TYPE OF REPORTING PERSON:
 
PN
 
 
* 
Based on 24,885,833 ordinary shares of the Issuer outstanding as of November 26, 2012 (excluding 3,388,910 treasury shares held by the Issuer or for the Issuer’s benefit, which do not have any voting or economic rights under Israeli law) based on information provided by the Issuer.
 
**
Marina Herzelia (Limited Partnership) 1988 is an Israeli limited partnership, the general partner of which is wholly-owned by Control Centers Ltd., a private company controlled by Mr. Mordechay Zisser.
 
 
 
 
CUSIP No.    M 3760510
13D/A
Page 5 of 8
1
NAME OF REPORTING PERSON:    Mordechay Zisser
 
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) o
(b) o
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS:
 
PF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
 
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Israel
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 7
SOLE VOTING POWER:    
 
120,703 shares
8
SHARED VOTING POWER :
 
13,303,506 shares*
9
SOLE DISPOSITIVE POWER :  
 
120,703 shares
10
SHARED DISPOSITIVE POWER:
 
13,303,506 shares*
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:   
 
13,303,506 shares **
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions):  
 
x
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):  
 
53.46%*
14
TYPE OF REPORTING PERSON:
 
IN
 
*
Based on 24,885,833 ordinary shares of the Issuer outstanding as of November 26, 2012 (excluding 3,388,910 treasury shares held by the Issuer or for the Issuer’s benefit, which do not have any voting or economic rights under Israeli law) based on information provided by the Issuer.
 
**
Includes (i) 13,157,966 Issuer shares held by Europe-Israel, which may be deemed to be beneficially owned by Mr. Zisser, by virtue of his control of Control Centers, a private company which owns 100% of the issued and outstanding ordinary shares of Europe-Israel; (ii) 24,837 Issuer shares held by Marina, an Israeli limited partnership, the general partner of which is wholly-owned by Control Centers, a private company wholly owned by Mr. Zisser; and (iii) 120,703 Issuer shares held by Mr. Zisser.
 
 
 
 
 
This Amendment No. 14 amends the Schedule 13D initially filed on March 11, 1999, Amendment No. 1 thereto filed May 11, 1999, Amendment No. 2 thereto filed August 16, 1999, Amendment No. 3 thereto filed November 4, 1999, Amendment No. 4 thereto filed February 14, 2001, Amendment No. 5 thereto filed October 15, 2001, Amendment No. 6 thereto filed June 29, 2005, Amendment No. 7 thereto filed February 10, 2006, Amendment No. 8 thereto filed September 10, 2007, Amendment No. 9 thereto filed January 10, 2008, Amendment No. 10 thereto filed October 7, 2010, Amendment No. 11 thereto filed May 10, 2011, Amendment No. 12 thereto filed July 11, 2012 and Amendment No. 13 thereto filed July 22, 2012  (collectively, the “Schedule 13D”) and is filed by Europe-Israel, Control Centers, Marina and Mr. Mordechay Zisser (the “Reporting Persons”).
 
Item 3                     Source and Amount of Funds or Other Consideration.
 
Item 3 of the Schedule 13D, “Source and Amount of Funds or Other Consideration,” is amended and supplemented by adding the following:
 
The amount of funds used by Europe-Israel in acquiring the 275,100 Ordinary Shares between July 23, 2012 through August 14, 2012 was approximately $727,000 based on daily exchange rates between the NIS and the US dollar published by the Bank of Israel.  Europe-Israel obtained the funds from its credit facilities and funding.  The 275,100 Ordinary Shares that Europe-Israel acquired constitute collateral for such funding.
 
Item 5                     Interest in Securities of the Issuer.
 
Item 5(a) of the Schedule 13D, “Interest in Securities of the Issuer,” is amended and supplemented by adding the following:
 
The responses of the Reporting Persons to Rows (11) through (13) of pages 2, 3, 4 and 5 of this Amendment No. 14 are incorporated herein by reference. As of November 27, 2012, (i) Europe-Israel beneficially owned 13,157,966 Ordinary Shares, or 52.87% of the total number of Ordinary Shares issued and outstanding, (ii) Control Centers beneficially owned 13,182,803 Ordinary Shares, or 52.97% of the total number of Ordinary Shares issued and outstanding, (iii) Marina beneficially owned 24,837 Ordinary Shares, or less than 0.1% of the total number of Ordinary Shares issued and outstanding, and (iv) Mr. Mordechay Zisser beneficially owned 13,303,506 Ordinary Shares, or 53.46% of the total number of Ordinary Shares issued and outstanding.
 
Except as set forth in this Item 5(a), the Reporting Persons do not beneficially own any Ordinary Shares.  The percentages stated above are based on 24,885,833 Ordinary Shares outstanding as of November 26, 2012 (excluding 3,388,910 treasury shares held by the Issuer or for the Issuer’s benefit, which do not have any voting or economic rights under Israeli law) based on information provided by the Issuer.
  
Item 5(b) of the Schedule 13D, “Interest in Securities of the Issuer,” is amended and supplemented by adding the following:
 
The responses of the Reporting Person to Rows (7) through (10) of page 2, 3, 4 and 5 and Item 2 of this Schedule 13D are incorporated herein by reference.
 
 
Page 6 of 8
 
 
Item 5(c) of the Schedule 13D, “Interest in Securities of the Issuer,” is amended and supplemented by adding the following:
 
The ownership percentages set forth in this Amendment are based on 24,885,833 ordinary shares of the Issuer outstanding as of November 26, 2012 (excluding 3,388,910 treasury shares held by the Issuer or for the Issuer’s benefit, which do not have any voting or economic rights under Israeli law), based on information provided by the Issuer.
 
On July 23, 2012, Europe-Israel acquired 33,800 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $2.63.
 
On July 24, 2012, Europe-Israel acquired 96,000 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $2.59.
 
On July 26, 2012, Europe-Israel acquired 48,950 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $2.60.
 
On August 1, 2012, Europe-Israel acquired 48,500 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $2.77.
 
On August 5, 2012, Europe-Israel acquired 13,450 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $3.12.
 
On August 14, 2012, Europe-Israel acquired 34,400 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $2.52.
 
 
Page 7 of 8
 
 
SIGNATURES
 
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.
 
 
Europe-Israel (M.M.S.) Ltd.
 
By: /s/ Mordechay Zisser
Mordechay Zisser
Chairman of the board of directors
 
Control Centers Ltd.
 
By: /s/ Mordechay Zisser
Mordechay Zisser
Chairman of the board of directors
 
Marina Herzelia (Limited Partnership) 1988

By: /s/ Mordechay Zisser
Mordechay Zisser
Marina Herzelia Ltd., General Partner
 
/s/ Mordechay Zisser
Mordechay Zisser
 
Dated:  November 27, 2012
 
Page 8 of 8