Filing Details
- Accession Number:
- 0001178913-24-000310
- Form Type:
- 13G Filing
- Publication Date:
- 2024-01-30 19:00:00
- Filed By:
- Migdal Insurance & Financial Holdings Ltd.
- Company:
- Ormat Technologies Inc. (NYSE:ORA)
- Filing Date:
- 2024-01-31
- SEC Url:
- 13G Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Migdal Insurance Financial Holdings Ltd | 6. | 3,566,159 | 8. | 3,566,159 | 3,566,159 | 6.36% |
Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. __)
(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
| ORMAT TECHNOLOGIES INC | ||
| (Name of Issuer) | ||
| Ordinary Shares | ||
| (Title of Class of Securities) | ||
| 686688102 | ||
| (CUSIP Number) | ||
| December 31, 2023 | ||
| (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)
☒ 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). |
CUSIP NO. 686688102
| 1. | Name of Reporting Person Migdal Insurance & Financial Holdings Ltd | ||
| 2. | Check the Appropriate Box if a Member of a Group (a) ☒ (b) ☐ | ||
| 3. | SEC Use Only | ||
| 4. | Place of Organization Israel | ||
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power | |
| 6. | Shared Voting Power 3,566,159 Ordinary Shares * | ||
| 7. | Sole Dispositive Power | ||
| 8. | Shared Dispositive Power 3,566,159 Ordinary Shares * | ||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 3,566,159 Ordinary Shares * | ||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares ☐ | ||
| 11. | Percent of Class Represented by Amount in Row (9) 6.36%** | ||
| 12. | Type of Reporting Person : HC | ||
*See Item 4.
** Based on 56,095,918 ordinary shares issued and
outstanding as of December 31, 2023 (according to publicly available information provided by the issuer).
Item 1.
| (a) | Name of Issuer: |
ORMAT TECHNOLOGIES INC
| (b) | Address of Issuer’s Principal Executive Offices: |
Neil Road 6225 , Reno 895111136 , Nevada , USA
Item 2.
(a)-(c) Name of Person Filing, address and citizenship:
The foregoing entity is referred to as the “Reporting Person” in this Statement:
Migdal Insurance & Financial Holdings Ltd., an Israeli public company, with a principal business address at 4 Efal Street; P.O. Box 3063; Petach
Tikva 49512, Israel.
| (d) | Title of Class of Securities: |
| | Ordinary Shares, NIS 0.01 par value per share (the “Ordinary Shares”) |
| (e) | CUSIP Number: |
| | 686688102 |
| Item 3. | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| | Not Applicable. |
| Item 4. | Ownership |
Of the 3,566,159
Ordinary Shares reported in this Statement as beneficially owned by the Reporting Person (i) 3,566,159 Ordinary Shares are held
for members of the public through, among others, provident funds, mutual funds, pension funds and insurance policies, which are managed by direct and indirect subsidiaries of Reporting Person, each of which subsidiaries operates under
independent management and makes independent voting and investment decisions, and (ii) 554,429 Ordinary Shares are held by
companies for the management of funds for joint investments in trusteeship, each of which operates under independent management and makes independent voting and investment decisions, and (iii) - are beneficially held for their own account (Nostro account). Consequently, this Statement shall not be construed as an admission by the Reporting Person that it is the
beneficial owner of 3,566,159 Ordinary Shares reported in 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 Person, 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 ☐. |
| 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 |
| | See Exhibit below. |
| 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.
Exhibit to Item 7
The subsidiaries of reporting person may make independent voting and/or investment decisions for client accounts
include:
| Subsidiary Name | Type of Subsidiary |
| Migdal Insurance Company ltd. | FI |
| Migdal Makefet Pension and Provident Funds ltd. | FI |
| Migdal Mutual Funds Ltd | FI |
[SIGNATURE PAGE TO FOLLOW]
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.
| January 30, 2024 | |
| MIGDAL INSURANCE AND FINANCIAL HOLDINGS LTD. BY: /s/ Yosef Ben Baruch & Tal Cohen authorized signatories of MIGDAL INSURANCE AND FINANCIAL HOLDINGS LTD. |
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