CAMTEK LTD.
(Translation of
Registrant’s Name into English)
Ramat Gavriel
Industrial Zone
P.O. Box 544
Migdal Haemek 23150
ISRAEL
(Address of Principal Corporate
Offices)
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 o
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities and Exchange Act of 1934.
Yes o No x
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.
| CAMTEK LTD. (Registrant) By: /s/ Mira Rosenzweig —————————————— Mira Rosenzweig, Chief Financial Officer |
Dated: September 6, 2009
The Company’s parent Company, Priortech Ltd. (“Priortech”), which is a publicly traded company on the Tel-Aviv Stock Exchange, is required to implement, as of January 1, 2007, Accounting Standard No. 30 of the Israel Accounting Standard Board (the “Standard”).
Details regarding the Standard and its implementation, as reflected on Priortech’s consolidated statements for the years 2007, 2008and March 31, were given in the Company’s previous reports concerning the Standard.
The net amount of capitalized development expenses reflected on Priotech’s consolidated statements for the six month period ended June 30, 2009 is US$1,061 thousands.
Another item of disclosure on Priortech’s reports reflects the fact that on June 30, 2009, Camtek was engaged in hedging transactions in US Dollars on the NIS exchange rate. The opened hedging transactions as of June 30, 2009, are displayed in the following table:
| Amount |
Call/Put |
Repayment day |
Transaction date |
Market Rate |
Market Value (USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 150,000 | Call | 29/07/2009 | 26/01/2009 | 3.918481 | (10 | ) | |||||||||||
| (150,000 | ) | Put | 29/07/2009 | 26/01/2009 | 3.918481 | 443 | |||||||||||
| 300,000 | Call | 29/07/2009 | 24/12/2008 | 3.918481 | (754 | ) | |||||||||||
| (300,000 | ) | Put | 29/07/2009 | 24/12/2008 | 3.918481 | 387 | |||||||||||
| 150,000 | Call | 27/08/2009 | 26/01/2009 | 3.917524 | (103 | ) | |||||||||||
| (150,000 | ) | Put | 27/08/2009 | 26/01/2009 | 3.917524 | 1,036 | |||||||||||
| (300,000 | ) | Put | 27/08/2009 | 24/12/2008 | 3.917524 | 1,238 | |||||||||||
| 300,000 | Call | 27/08/2009 | 24/12/2008 | 3.917524 | (1,378 | ) | |||||||||||
| 150,000 | Call | 25/09/2009 | 26/01/2009 | 3.917033 | (265 | ) | |||||||||||
| (150,000 | ) | Put | 25/09/2009 | 26/01/2009 | 3.917033 | 1,550 | |||||||||||
| (300,000 | ) | Put | 25/09/2009 | 24/12/2008 | 3.917033 | 2,083 | |||||||||||
| 300,000 | Call | 25/09/2009 | 24/12/2008 | 3.917033 | (2,104 | ) | |||||||||||
| 150,000 | Call | 28/10/2009 | 26/01/2009 | 3.916451 | (471 | ) | |||||||||||
| (150,000 | ) | Put | 28/10/2009 | 26/01/2009 | 3.916451 | 2,046 | |||||||||||
| 300,000 | Call | 28/10/2009 | 24/12/2008 | 3.916451 | (2,787 | ) | |||||||||||
| (300,000 | ) | Put | 28/10/2009 | 24/12/2008 | 3.916451 | 2,947 | |||||||||||
| 150,000 | Call | 26/11/2009 | 26/01/2009 | 3.915849 | (660 | ) | |||||||||||
| (150,000 | ) | Put | 26/11/2009 | 26/01/2009 | 3.915849 | 2,438 | |||||||||||
| 300,000 | Call | 26/11/2009 | 24/12/2008 | 3.915849 | (3,278 | ) | |||||||||||
| (300,000 | ) | Put | 26/11/2009 | 24/12/2008 | 3.915849 | 3,650 | |||||||||||
| (150,000 | ) | Put | 29/12/2009 | 26/01/2009 | 3.915259 | 2,848 | |||||||||||
| (300,000 | ) | Put | 29/12/2009 | 24/12/2008 | 3.915259 | 4,400 | |||||||||||
| 300,000 | Call | 29/12/2009 | 24/12/2008 | 3.915259 | (3,997 | ) | |||||||||||
| 150,000 | Call | 29/12/2009 | 26/01/2009 | 3.915259 | (876 | ) | |||||||||||