Notification That Form 20-f Will Be Submitted Late (nt 20-f)
May 01 2018 - 1:54PM
Edgar (US Regulatory)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OMB
APPROVAL
|
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
|
OMB
Number: 3235-0058
Expires: October 31, 2018
Estimated average burden hours per response.....2.50
|
FORM 12b-25
NOTIFICATION OF LATE FILING
|
SEC
FILE NUMBER
000-30198
|
|
(Check One)
|
☐
|
Form 10-K
|
☒
|
Form 20-F
|
☐
|
Form 11-K
|
☐
|
Form 10-Q
|
CUSIP
NUMBER
M56595107
|
|
|
☐
|
Form 10-D
|
☐
|
Form N-SAR
|
☐
|
Form N-CSR
|
|
|
For
Period Ended:
December 31, 2017
☐ Transition
Report on Form 10-K
☐ Transition
Report on Form 20-F
☐ Transition
Report on Form 11-K
☐ Transition
Report on Form 10-Q
☐ Transition
Report on Form N-SAR
For
the Transition Period Ended: _________________________________
Read Instruction (on back page) Before Preparing Form. Please Print or Type.
|
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
|
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the
notification relates:
PART
I – REGISTRANT INFORMATION
Internet
Gold - Golden Lines Ltd.
Full
Name of Registrant
N/A
Former
Name if Applicable
2
Dov Friedman Street
Address
of Principal Executive Office (
Street and Number)
Ramat
Gan 5250301, Israel
City,
State and Zip Code
SEC
1344 (04-09)
PART
II – RULES 12b-25(b) AND (c)
If
the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule
12b-25(b), the following should be completed. (Check box if appropriate)
☒
|
(a)
|
The
reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense
|
|
|
(b)
|
The
subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR,
or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject
quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be
filed on or before the fifth calendar day following the prescribed due date; and
|
|
|
(c)
|
The
accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
|
Persons
who are to respond to the collections of information contained in this form are not required to respond unless the form displays
a currently valid OMB control number.
PART
III – NARRATIVE
State
below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion
thereof, could not be filed within the prescribed time period.
As
previously reported, the Israeli Securities Authority, or the ISA, investigated Bezeq - The Israel Telecommunication Corp. Ltd.,
or Bezeq, a controlled subsidiary of B Communications Ltd., itself a subsidiary of the Registrant, and several of Bezeq’s
officers and directors with respect to certain alleged criminal offenses. In November 2017, the ISA transferred the case against
Bezeq to the Tel-Aviv District Public Prosecutor (Taxation and Economics) and on February 18, 2018 an additional investigation
was opened by the ISA and the Israel Police against several of Bezeq’s senior officers, including the Registrant’s
former chairman.
Due
to provisions of Israeli law concerning obstructing investigation proceedings, Bezeq at present is prevented from examining all
matters that were raised in the investigations and accordingly is unable to fully assess the effects of the investigations on
its financial statements and internal controls over financial reporting, or ICFR.
Subject
to the scope limitations described above, the Registrant has completed work necessary to identify material weakness at Bezeq and
to assess the Registrant’s ICFR in light of this weakness. The Registrant expects to report a material weakness pertaining
to the design of Bezeq’s ICFR relating to certain matters which are the subject of the investigations.
The
Registrant’s auditors are expected to issue a “qualified opinion” on the Registrant’s financial statements
because of the inability to obtain sufficient supporting evidence as to the effect, if any, of the investigations’ proceedings
on the consolidated financial statements. The Registrant’s auditors are also expected to issue a “disclaimer of opinion”
on the Registrant’s ICFR based on their inability to obtain sufficient appropriate audit evidence to provide a basis for
an audit opinion on the effectiveness of Bezeq’s ICFR.
These
activities extended the time needed to finalize the 2017 Form 20-F. As a result, the Registrant is unable to file the 2017 Form
20-F on or prior to the prescribed filing date.
The
Registrant anticipates that it will file the Annual Report no later than the 15th calendar day following the prescribed filing
date.
PART
IV – OTHER INFORMATION
(1)
|
Name
and telephone number of person to contact in regard to this notification
|
|
Doron
Turgeman, CEO
|
|
+972-3-9240000
|
|
(Name)
|
|
(Area
Code) (Telephone Number)
|
(2)
|
Have
all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the
Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required
to file such report(s) been filed? If answer is no, identify report(s).
|
|
|
|
☒
Yes
☐ No
|
(3)
|
Is
it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year
will be reflected by the earnings statements to be included in the subject report or portion thereof?
|
|
|
|
☒
Yes
☐ No
|
|
|
|
If
so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made.
|
|
|
|
The
Registrant expects to report a net loss attributable to shareholders of NIS 15 million (approximately $4 million) for the
year ended December 31, 2017 compared with a net loss of NIS 202 million in 2016. The net loss in 2016 was due to the one-time
refinancing expenses associated with the early redemption of notes by B Communications Ltd.
|
Date:
May 1, 2018
|
By:
|
/s/
Doron Turgeman
|
|
|
Doron
Turgeman, CEO
|
INSTRUCTION:
The form may be signed by an executive officer of the Registrant or by any other duly authorized representative. The name and
title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of
the registrant by an authorized representative (other than an executive officer), evidence of the representative’s authority
to sign on behalf of the registrant shall be filed with the form.
3
Internet Gold Golden Lines (CE) (USOTC:IGLDF)
Historical Stock Chart
From Mar 2024 to Apr 2024
Internet Gold Golden Lines (CE) (USOTC:IGLDF)
Historical Stock Chart
From Apr 2023 to Apr 2024