UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Pointer Telocation Ltd.
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(Name of Issuer)
Ordinary Shares, NIS 3.00 Par Value
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(Title of Class of Securities)
M7946T104
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(CUSIP Number)
February 29, 2008
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] 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).
Page 1 of 7
CUSIP No. M7946T104
1 Name of Reporting Person: Eurocom Holdings (1979) Ltd.
I.R.S. Identification No. of above person (entities only): N/A
2 Check the Appropriate Box if a Member of a Group (See Instructions): (a) [ ]
(b) [X]
3 SEC Use Only
4 Citizenship or Place of Organization: Israel
Number of 5 Sole Voting Power: 429,428 Ordinary Shares
Shares
Beneficially 6 Shared Voting Power: -0- Ordinary Shares*
Owned by
Each 7 Sole Dispositive Power: 429,428 Ordinary Shares
Reporting
Person With 8 Shared Dispositive Power: -0- Ordinary Shares*
9 Aggregate Amount Beneficially Owned by Each Reporting Person:
429,428 Ordinary Shares*
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions): [ ]
11 Percent of Class Represented by Amount in Row (9): 9.03%**
12 Type of Reporting Person (See Instructions): CO
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* Eurocom Holdings (1979) Ltd., or Eurocom Holdings, is the record holder of
429,428 ordinary shares of the Issuer. Mr. Shaul Elovitch, chairman of the
board of directors of Eurocom Holdings, holds 80.0% of Eurocom Holdings'
shares and 75.0% of Eurocom Holdings' management shares. Accordingly, Mr.
Shaul Elovitch may be deemed to have the sole voting and dispositive power
as to the ordinary shares of the Issuer held of record by Eurocom Holdings.
** Based on 4,752,971 ordinary shares issued and outstanding as of July 17,
2008. Such number is based on 4,612,875 ordinary shares issued and
outstanding on March 31, 2008, as reported by the Issuer in its Form 20-F
for the year ended December 21, 2007, submitted to the Securities and
Exchange Commission on April 8, 2008, plus an additional 140,096 ordinary
shares issued by the Issuer in a private placement to DBSI Investments
Ltd., or DBSI, on July 17, 2008, as reported on Schedule 13D/A filed by
DBSI with the Securities and Exchange Commission on July 17, 2008.
Page 2 of 7
CUSIP No. M7946T104
1 Name of Reporting Person: Shaul Elovitch
I.R.S. Identification No. of above person (entities only): N/A
2 Check the Appropriate Box if a Member of a Group (See Instructions): (a) [ ]
(b) [X]
3 SEC Use Only
4 Citizenship or Place of Organization: Israel
Number of 5 Sole Voting Power: 429,428 Ordinary Shares
Shares
Beneficially 6 Shared Voting Power: -0- Ordinary Shares*
Owned by
Each 7 Sole Dispositive Power: 429,428 Ordinary Shares
Reporting
Person With 8 Shared Dispositive Power: -0- Ordinary Shares*
9 Aggregate Amount Beneficially Owned by Each Reporting Person:
429,428 Ordinary Shares*
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions): [ ]
11 Percent of Class Represented by Amount in Row (9): 9.03%**
12 Type of Reporting Person (See Instructions): IN
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* Eurocom Holdings is the record holder of 429,428 ordinary shares of the
Issuer. Mr. Shaul Elovitch, chairman of the board of directors of Eurocom
Holdings, holds 80.0% of Eurocom Holdings' shares and 75.0% of Eurocom
Holdings' management shares. Accordingly, Mr. Shaul Elovitch may be deemed
to have the sole voting and dispositive power as to the ordinary shares of
the Issuer held of record by Eurocom Holdings.
** Based on 4,752,971 ordinary shares issued and outstanding as of July 17,
2008. Such number is based on 4,612,875 ordinary shares issued and
outstanding on March 31, 2008, as reported by the Issuer in its Form 20-F
for the year ended December 21, 2007, submitted to the Securities and
Exchange Commission on April 8, 2008, plus an additional 140,096 ordinary
shares issued by the Issuer in a private placement to DBSI on July 17,
2008, as reported on Schedule 13D/A filed by DBSI with the Securities and
Exchange Commission on July 17, 2008.
Page 3 of 7
Item 1.
(a) Name of Issuer: Pointer Telocation Ltd.
(b) Address of Issuer's Principal Executive Offices: 14 Hamelacha Street,
Afek Industrial Park, Rosh Haayin 48091, Israel
Item 2.
(a) Name of Persons Filing: Eurocom Holdings (1979) Ltd.
Shaul Elovitch
I.R.S. Identification No. of above person (entities only): N/A
(b) Address of Principal Business Office or, if none, Residence:
The address of each reporting person is 2 Dov Friedman Street,
Ramat Gan, Israel 52141
(c) Citizenship: The entity and person identified in 2(a) above is a
company organized under the laws of, or a citizen of, the State of
Israel.
(d) Title of Class of Securities: Ordinary Shares, par value NIS 3.00
per share
(e) CUSIP Number: M7946T104
Item 3. Not applicable
Item 4. Ownership
(a)-(c) The following information with respect to the ownership of the
ordinary shares of the Issuer by each of the reporting persons is provided as
of July 29, 2008:
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Shared
Sole power power to Sole power to Shared power
Amount to vote or vote or to dispose or to to dispose or to
beneficially Percent direct direct direct the direct the
Reporting Person owned: of class*: the vote: the vote: disposition of: disposition of:
---------------- ------ ---------- --------- --------- --------------- ---------------
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Eurocom Holdings (1979) Ltd. 429,428** 9.03% 429,428 0 429,428 0
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Shaul Elovitch 429,428** 9.03% 429,428 0 429,428 0
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* Based on 4,752,971 ordinary shares issued and outstanding as of July 17,
2008. Such number is based on 4,612,875 ordinary shares issued and
outstanding on March 31, 2008, as reported by the Issuer in its Form 20-F
for the year ended December 21, 2007, submitted to the Securities and
Exchange Commission on April 8, 2008, plus an additional 140,096 ordinary
shares issued by the Issuer in a private placement to DBSI on July 17,
2008, as reported on Schedule 13D/A filed by DBSI with the Securities and
Exchange Commission on July 17, 2008.
** Eurocom Holdings is the record holder of 429,428 ordinary shares of the
Issuer. Mr. Shaul Elovitch, chairman of the board of directors of Eurocom
Holdings, holds 80.0% of Eurocom Holdings' shares and 75.0% of Eurocom
Holdings' management shares. Accordingly, Mr. Shaul Elovitch may be deemed
to have the sole voting and dispositive power as to the ordinary shares of
the Issuer held of record by Eurocom Holdings.
Page 4 of 7
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 the
beneficial owner of more than five percent of the class of
securities, check the following [ ]
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
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.
Page 5 of 7
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Date: 3 August, 2008
Eurocom Holdings (1979) Ltd.
/s/ Shaul Elovitch
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Shaul Elovitch
Chairman of the Board of Directors
/s/ Shaul Elovitch
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Shaul Elovitch
Page 6 of 7
EXHIBIT 1
JOINT FILING AGREEMENT
The undersigned hereby agree that the attached Statement on Schedule
13G (and any amendments thereto) relating to the Ordinary Shares, par value NIS
3.0 per share, of Pointer Telocation Ltd. is filed on behalf of each of them.
Date: 3 August, 2008
Eurocom Holdings (1979) Ltd.
/s/ Shaul Elovitch
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Shaul Elovitch
Chairman of the Board of Directors
/s/ Shaul Elovitch
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Shaul Elovitch
Page 7 of 7