UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
(AMENDMENT NO. 1)
(RULE 13D-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c)
AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
POINTER TELOCATION LTD.
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(Name of Issuer)
ORDINARY SHARES, NIS 3.00 PAR VALUE PER SHARE
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(Title of Class of Securities)
M7946T104
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(CUSIP Number)
AUGUST 17, 2008
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(Date of Event Which Requires Filing of this Statement)
Check the following box to designate the rule pursuant to which the 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 disclosures provided in a prior cover page.
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 ("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 6 pages
CUSIP NO. M7946T104
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1. Name of Reporting Person
Migdal Capital Markets (1965) Ltd.
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2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [_]
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3. SEC Use only
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4. Place of Organization
Israel
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5. Sole Voting Power
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Number of 6. Shared Voting Power
Shares
Beneficially 373,698 Ordinary Shares*
Owned by Each -------------------------------------------------------------
Reporting 7. Sole Dispositive Power
Person With:
-------------------------------------------------------------
8. Shared Dispositive Power
373,698 Ordinary Shares*
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
373,698 Ordinary Shares*
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
[_]
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11. Percent of Class Represented by Amount in Row (9)
7.86%**
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12. Type of Reporting Person:
CO
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* See Item 4.
**Based on 4,752,931 Ordinary Shares outstanding as of August 21, 2008
(accordingly to publicly available information provided by the issuer ).
Page 2 of 6 pages
CUSIP NO. M7946T104
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1. Name of Reporting Person
Migdal Insurance & Financial Holdings Ltd
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2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [_]
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3. SEC Use only
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4. Place of Organization
Israel
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5. Sole Voting Power
-------------------------------------------------------------
Number of 6. Shared Voting Power
Shares
Beneficially 373,698 Ordinary Shares *
Owned by Each -------------------------------------------------------------
Reporting 7. Sole Dispositive Power
Person With:
-------------------------------------------------------------
8. Shared Dispositive Power
373,698 Ordinary Shares *
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
373,698 Ordinary Shares *
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
[_]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
7.86%**
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12. Type of Reporting Person:
CO
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* See Item 4.
** Based on 4,752,931 Ordinary Shares outstanding as of August 21, 2008
(accordingly to publicly available information provided by the issuer ).
Page 3 of 6 pages
ITEM 1.
(a) Name of Issuer:
POINTER TELOCATION LTD.
(b) Address of Issuer's Principal Executive Offices:
1 KORAZIN STREET, GIVATAYIM 53583, ISRAEL
ITEM 2.
(a)-(c) Name of Person Filing, address and citizenship:
The foregoing entities are collectively referred to as the "Reporting Persons"
in this Statement:
(1) Migdal Capital Markets (1965) Ltd. , an Israeli private company
("Migdal Capital Markets"), with a principal business address at 26
Saadia Gaon St., Tel Aviv 67135, Israel.
(2) Migdal Insurance & Financial Holdings Ltd., an Israeli public company
("MIFH"), with a principal business address at 4 Efal Street; P.O. Box
3063; Petach Tikva 49512, Israel.
Migdal Capital Markets is jointly held in equal shares (50:50) by
Migdal Investment Management 2001 Ltd, a wholly owned subsidiary of MIFH,
and Bear Stearns Asset Management Inc. ("B.S"), both of which are not
reporting persons and are listed herein for the sake of good order and for
avoidance of doubt(1). Given the control MIFH has over Migdal Investment
Management 2001 Ltd, it may be deemed to be the beneficial owner of, and to
share the power to vote and dispose of, the Ordinary Shares owned by Migdal
Capital Markets. See Item 4
(d) Title of Class of Securities:
Ordinary Shares, NIS 3.00 par value per share (the "Ordinary Shares")
(e) CUSIP Number:
M7946T104
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS.240.13D-1(B) OR
240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:
Not Applicable.
ITEM 4. OWNERSHIP
The 373,698 Ordinary Shares reported in this Statement as beneficially
owned by the Reporting Persons are held for members of the public through, among
others, provident funds, mutual funds, which are managed by subsidiaries of
Migdal Capital Markets, each of which subsidiaries operates under independent
management and makes independent voting and investment decisions. Consequently,
this Statement shall not be construed as an admission by the Reporting Persons
that they are the beneficial owner of the 373,698 Ordinary Shares covered by
this Statement.
Except as set forth above, see items 5-11 of the cover pages hereto for
beneficial ownership, percentage of class and dispositive power of the Reporting
Persons, which are incorporated herein.
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 5 percent of the class of securities, check the following [_].
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1 According to an agreement date of August 14, 2008 ("Agreement") and
subject to the fulfillment of the conditions precedent , Migdal Investment
Management 2001 Ltd will purchase B.S' holdings (50%) in Migdal Capital
Markets, and thus shall become the sole controlling shareholder (100%) in
Migdal Capital Markets.
Page 4 of 6 pages
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.
[SIGNATURE PAGE TO FOLLOW]
Page 5 of 6 pages
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.
September 9, 2008
MIGDAL INSURANCE AND FINANCIAL HOLDINGS LTD.
By: /s/ Anath Levin & Eran Czerninski
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, authorized signatories of MIGDAL INSURANCE
AND FINANCIAL HOLDINGS LTD. for itself and
on behalf of MIGDAL CAPITAL MARKETS (1965) LTD.,
pursuant to the agreement annexed as
Exhibit 1 to Schedule 13G date of April 8, 2008.
Page 6 of 6 pages