SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2002
ROBOGROUP T.E.K. LTD.
(Name of Registrant)
Rechov Hamelacha 13, Afeq Industrial Estate, Rosh HaAyin 48091 Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7):
Indicate by check mark whether by furnishing the information contained in
this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- ---------------
ROBOGROUP T.E.K LTD.
6-K Items
1. RoboGroup T.E.K Ltd. Immediate Disclosure.
2. Press release of RoboGroup T.E.K Ltd. dated November 17, 2002.
ITEM 1
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Tel Aviv Stock Exchange Ltd Registrar of Companies Israel Securities Authority
54 Achad Ha'am St PO Box 767 22 Kanfei Nesharim St
65202 Tel Aviv 91007 Jerusalem 95464 Jerusalem
re: RoboGroup T.E.K. Ltd - Immediate Disclosure
RoboGroup T.E.K. Ltd. (the "Company") announced that on November 17, 2002, the
Company filed with the District Court of Tel-Aviv a request for the authority to
repurchase some of its own shares in accordance with Sec. 303 to the Companies
Law, 1999.
The total amount of funds requested to be used in connection with the repurchase
program is NIS 2,140,000, (approximately $450,000).
The material creditors of the Company agreed to the repurchase program.
Very truly yours
RoboGroup T.E.K Ltd
November 18, 2002
ITEM 2
Press Release Source: RoboGroup T.E.K. Ltd.
RoboGroup Announces Share Repurchase Program
Sunday November 17, 4:00 pm ET
ROSH HA'AYIN, Israel, Nov. 17 /PRNewswire-FirstCall/ -- RoboGroup T.E.K. Ltd.
(Nasdaq: ROBO - news) announced that on November 17, 2002, the Company filed
with the District Court of Tel-Aviv a request for the authority to repurchase
some of its own shares in accordance with Sec. 303 to the Companies Law, 1999.
The total amount of funds requested to be used in connection with the repurchase
program is NIS 2,140,000, (approximately $450,000).
The material creditors of the Company agreed to the repurchase program.
RoboGroup engages in three business sectors. The first focuses on new high tech
ventures such as e-learning and MemCall, a fabless VLSI semiconductor developer
with unique Call Out Memory(TM) technology for Internet and communications
applications in need of intensive Search and Filter capabilities. The second is
comprised of Yaskawa Eshed Technology (YET), a joint venture with Japan's
Yaskawa Electric Corp., which provides industrial motion controls, particularly
those based on its patented algorithms. The third sector is devoted to
RoboGroup's training products. RoboGroup is a world leader in engineering and
manufacturing technology training systems. The Company is market driven,
deriving its growth from technological leadership, strong partnerships and
management expertise. For more information, visit http://www.robo-group.com.
To the extent that this press release discusses expectations about market
conditions or about market acceptance and future sales of the Company's
products, or otherwise makes statements about the future, such statements are
forward-looking and are subject to a number of risks and uncertainties that
could cause results to differ materially from the statements made. These factors
include the rapidly changing technology and evolving standards in the industries
in which the Company and its subsidiaries operate, risks associated with the
acceptance of new products by individual customers and by the market place and
other factors discussed in the business description and management discussion
and analysis sections of the Company's Annual Report on Form F-20.
[GRAPHIC OMITTED]
Source: RoboGroup T.E.K. Ltd.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ROBOGROUP T.E.K. LTD.
--------------------
(Registrant)
By: /s/ Rafael Aravot
-----------------------
Rafael Aravot
Chief Executive Officer
Date: November 18, 2002