Form 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For..............................................................June 27, 2003
ETZ LAVUD Limited
...............................................................................
(Translation of registrant's name into English)
14 Rozansky Street, Industrial Zone, Rishon Lezion
...............................................................................
(Address of principal executive offices)
On June 27, 2003, Etz Lavud Limited filed an application to
voluntarily delist its Common Shares and Class A Common Shares from trading on
the American Stock Exchange. The Company will file a Form 15 with the
Securities and Exchange Commission to exempt the Company from its reporting
obligations under the Securities Exchange Act of 1934.
A copy of the Company's press release relating to the application to
delist and its intention to file on Form 15 is included as Exhibit 99.1 to
this report.
SIGNATURE
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.
Etz Lavud Limited
------------------------
(Registrant)
DATE: June 27, 2003 By:/s/David Kremmerman
----------------------
David Kremmerman
General Manager
<page>
EXHIBIT 99.1
Press Release Dated Jun 27, 2003
Etz Lavud Limited Announces Filing of an Application to Delist From
Trading on the American Stock Exchange and its Intent to File For Exemption
from its Reporting Requirements Under the Securities Exchange Act of 1934.
Etz Lavud Limited (AMEX: ETZ) announced on June 27, 2003 that it has
filed an application to voluntarily delist its common stock from trading on
the American Stock Exchange. A special meeting of Etz Lavud shareholders will
be called to ratify the decision of the Board of Directors to delist the
common stock. Following delisting, Etz Lavud expects that its common stock
will continue to be traded on the Pink Sheets under the symbol "ETZ".
In addition to delisting, the Company will file a Form 15 with the
Securities and Exchange Commission. As a result of such filing, Etz Lavud's
U.S. reporting obligations for its Common Shares and Class A Common Shares
under the Securities Exchange Act will be suspended, effective immediately
upon filing, and a permanent exemption from the company's U.S. reporting
obligations is expected to occur within ninety days of the date of the Form 15
filing.
The Board of Directors determined that these actions would benefit
the Company by eliminating significant anticipated costs, including fees and
expenses relating to: American Stock Exchange annual listing charges;
preparation and filing of periodic reports with the Securities and Exchange
Commission; legal and accounting services; distribution to shareholders of
reports and proxy materials required by the Securities Exchange Act; and
compliance with the Sarbanes-Oxley Act of 2002.
Any statements in this release concerning Etz Lavud's intentions,
expectations or predictions about future results or events are
"forward-looking statements" within the meaning of the Private Securities
Reform Act of 1995. A variety of factors could cause actual results or events
to differ materially from projections, anticipated results or other
expectations expressed in this release, including, without limitation, delays
in making these filings or action by the AMEX or the SEC concerning these
filings.