TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
* 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 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).
CUSIP NO. M7024010
SCHEDULE 13G
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Polar Communications Ltd.
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 950,944
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY None
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 950,944
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH None
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
950,944
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
Not Applicable [_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.5%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
CO
________________________________________________________________________________
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(a). Name of Issuer:
(b). Address of Issuer's Principal Executive Offices:
Industrial Park, Building 7, P.O. Box 144, Yoqneam 20692 Israel
Item 2
(a). Name of Person Filing:
(b). Address of Principal Business Office, or if None, Residence:
21 Ha'arba'ah St., Tel Aviv, 64739 Israel
(c). Citizenship:
(d). Title of Class of Securities:
Ordinary shares, NIS 0.01 nominal value ("Ordinary Shares")
(e). CUSIP Number:
Item 3. If this Statement is filed pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), check whether the person filing is a:
Not applicable
(a) Amount beneficially owned:
950,944
(b) Percent of class:
4.5
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
950,944
(ii) Shared power to vote or to direct the vote
None
(iii) Sole power to dispose or to direct the disposition of
950,944
(iv) Shared power to dispose or to direct the disposition of
None
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable
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. Certifications.
Not Applicable
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.
/s/ Rimon Ben-Shaoul
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Rimon Ben-Shaoul
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