SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
F O R M 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 November 2002
ROBOGROUP T.E.K. LTD.
(Name of Registrant)
Rechov Hamelacha 13, Afeq Industrial Estate, Rosh HaAyin 48091 Israel
(Address of Principal Executive Office)
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 [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- ---------------
ROBOGROUP'S T.E.K LTD.
6-K Items
1. RoboGroup T.E.K Ltd. Immediate Disclosure - Stock option plan for the
Company's employees.
ITEM 1
Securities Authority Tel Aviv Stock Exchange Ltd.
22 Kanfei Nesharim St. 54 Ahad Haam St. Registrar of Companies
Jerusalem Tel Aviv 97 Jaffa Rd.
By fax: 02-6513940 By fax: 03-5105379 Jerusalem
Dear Sirs,
Immediate Disclosure
Notice is hereby given that RoboGroup T.E.K. Ltd. (the "Company") had
filed with the Israeli SEC a preliminary profile in accordance with the
Securities Regulations (Particulars of Profile of Offering of Securities to
Employees) (the "Regulations") in connection with a stock option plan for the
Company's and its subsidiaries employees, who are residents of the State of
Israel (the "Employees"). The plan is subject to approval of the Annual General
Meeting of Shareholders to be held on December 10, 2002.
According to the profile, the Company will issue to a trustee on behalf
of approximately 100 Employees a total amount of up to 480,000 stock options.
Each of the offeree Employees will be entitled to exercise the stock
options issued on his or her behalf in five installments of 20% each, at the
dates specified in the stock option plan, starting on January 1, 2004 and up to
January 1, 2008, subject to the terms and conditions of the stock option plan.
Each option will provide the right to purchase one ordinary share of
the Company at NIS 0.5 par value, in consideration for payment in cash of the
exercise price, which will be the mean between the highest and lowest quoted
selling prices on the Nasdaq SmallCap Market at the date of actual allotment of
the options.
The Company will file a profile in accordance with the Regulations,
subject to the approval of these proposals by the Annual General Meeting of
Shareholders to be held on December 10, 2002.
RoboGroup T.E.K. Ltd.
Signed by: Ophra Levy-Mildworth
Corporate Secretary
Date of Signature: November 26, 2002
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.
ROBOGROUP T.E.K. LTD.
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(Registrant)
By: /s/ Rafael Aravot
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Rafael Aravot
Chief Executive Officer
Date: November 26, 2002