---

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)*

 

Ormat Technologies, Inc.

(Name of Issuer)

 (Title of Class of Securities)

686688102

(CUSIP Number)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)

x Rule 13d-1(c)

o 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).

 

 

Item 1.

(a)           Name of Issuer:

Ormat Technologies, Inc.

 

(b)

Address of Issuer's Principal Executive Offices:

Item 2.        (a)

Name of Person Filing:

 

1.

Itshak Sharon (Tshuva)

 

2.

Delek Group Ltd.

 

3.

The Phoenix Holdings Ltd.

(b)

Address of Principal Business Office:

 

The address of Itshak Sharon (Tshuva) and Delek Group Ltd. is 19 Abba Eban blvd, P.O.B. 2054, Herzliya, 4612001, Israel.

The address of the Phoenix Holdings Ltd. is Derech Hashalom 53, Givataim, 53454, Israel.

(c)

Citizenship:

1. Itshak Sharon (Tshuva) - Israel

2. Delek Group Ltd. - Israel

3. The Phoenix Holdings Ltd. - Israel

(d)

Title of Class of Securities:

(e)

CUSIP Number:

686688102

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.

 

As of February 20, 2019, the securities reported herein were held as follows:

 

		Ordinary Shares				Percentage of total Ordinary Shares outstanding
Excellence "nostro" accounts			--				--
Excellence provident funds			1,107				0.00	%
Excellence trust funds			476,818.55				0.94	%
Excellence ETF's			--				--
The Phoenix "nostro" accounts			85,601				0.17	%
The Phoenix pension			--				--
Linked insurance policies of Phoenix			9,199.90				0.02	%
Partnership for Israeli shares (1)			1,670,893.55				3.29	%
Partnership for investing in shares indexes (1)			254,045.75				0.50	%
Partnership for international shares (1)			--				--

 

(b)

Percent of class:

See row 11 of cover page of each reporting person

(c)

Number of shares as to which such person has:

(i)

Sole power to vote or to direct the vote:

See row 5 of cover page of each reporting person

See row 6 of cover page of each reporting person and note in Item 4(a) above

(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:   If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be beneficial owner of more than 5 percent of the class of securities, check the following ☒.

 

Item 6.

Ownership of More than Five Percent on Behalf of Another:

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:

Not applicable.

Item 8.

Identification and Classification of Members of the Group:

Not applicable.

Item 9.

Notice of Dissolution of Group:

Not applicable.

 

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.

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.

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 Holdings Ltd.   /s/ Eli Schwartz By: Eli Schwartz** Title: Chief Financial Officer

/s/ Menachem Neeman By: Menachem Neeman** Title: Chief Legal Counsel and Corporate 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.

 

EXHIBIT NO.

DESCRIPTION

Exhibit 1

Agreement of Joint Filing by and among the Reporting Persons, dated as of February 13, 2019 (incorporated herein by reference to Exhibit 1 to the Schedule 13G filed on February 14, 2019).

 

Exhibit 2

Notice of resolution of the Board of Directors of Delek Group Ltd., dated as of February 7, 2018 (incorporated herein by reference to Exhibit 2 to the Schedule 13G filed on February 14, 2019).

 

Exhibit 3

Notice of resolution of the Board of Directors of the Phoenix Holdings Ltd., dated as of January 30, 2018 (incorporated herein by reference to Exhibit 3 to the Schedule 13G filed on February 14, 2019).

10

---

---