SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of February 2005
Matav Cable Systems Media Ltd.
(Translation of registrants name into English)
42 Pinkas Street
North Industrial Park
P.O. Box 13600
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark whether the registrant by furnishing the information contained in this Form 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
Pursuant to the requirements of the Securities Exchange Act 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
13 February 2005
|Matav Cable Systems Media Ltd.
BY: /S/ Amit Levin
Chief Executive Officer
Print the name and title of the signing officer under his signature
Reports Motion for Class Action Concerning Misleading
NETANYA, Israel February 9, 2005 Matav-Cable Systems Media Ltd. (Nasdaq & TASE: MATV) announced today that on February 8, 2005 it received notice of a motion that was filed by an Israeli resident in the Tel Aviv- Jaffa District Court requesting the Courts approval of a class action against Matav. The motion alleges, among other things, that Matav has misled consumers within the framework of a certain sales promotion campaign in 2001, thereby violating the Israeli Consumers Protection Law. According to the motion, the damages owed to the plaintiff are in the amount of NIS 1,574 (equates to approximately $357) and the aggregate damages to the class are indeterminable at this stage, because the number of other potential claimants is not known to the plaintiff.
Matav is studying the details of the motion. Matav noted that the motion relates to the same subject matter of an indictment that was filed in March 2003 in the Netanya Magistrate Court against Matav and certain of its officers for violation of the Israeli Consumers Protection Law. As previously reported, the officers were dropped from the indictment and in November 2003, the court approved a plea bargain, pursuant to which Matav admitted the facts in an amended indictment and paid an insignificant fine.
Matav is one of Israels three cable television providers, serving roughly 25 percent of the population. Matavs current investments include 5.3 percent of Partner Communications Ltd., a GSM mobile phone company and 10 percent of Barak I.T.C. (1995) Ltd., one of the three international telephony providers in Israel.
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements that are based on various assumptions (some of which are beyond Matavs control) may be identified by the use of forward-looking terminology, such as may, can be, will, expects, anticipates, intends, believes, projects, potential, are optimistic, view and similar words and phrases. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including but not limited to (1) changes in technology and market requirements, (2) decline in demand for the companys products, (3) inability to timely develop and introduce new technologies, products and applications, (4) loss of market share and pressure on pricing resulting from competition, (5) uncertainty as to the completion of acquisition of new businesses or operations and integration thereof with Matavs business, and (6) the other risk factors detailed in Matavs most recent annual report and other filings with the US Securities and Exchange Commission. Matav 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.
Ori Gur Arieh, Counsel
Matav-Cable Systems Media Ltd.
Integrated Investor Relations