As filed with the Securities and Exchange Commission on July 26, 2011              Registration No. 333-


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________

FORM S-8

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

VUANCE LTD.
(Exact name of Registrant as specified in its charter)
 
Israel
(State or other jurisdiction of
incorporation or organization)
Sagid House "Hasharon Industrial Park"
P.O. Box 5039
Qadima 60920, ISRAEL
(Address of Registrant’s Principal Executive Offices)   (Zip Code)
Not Applicable
(I.R.S. Employer
Identification No.)

VUANCE LTD. 2003 SHARE OPTION PLAN
 (Full title of the plan)
Purerfid Inc.
9817 S. 13th Street
Oak Creek, WI  53154
Main # (414) 301-9435
Fax (414) 304-5604
 (Name, address and telephone number of agent for service )
 
 
Copy to:
 
 
Adrian Daniels
Yigal Arnon & Co.
1 Azrieli Center
Tel Aviv, Israel
Tel: (+972) 3 608 7726
Fax: (+972) 3 608-7714

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
 
Large accelerated filer o
Accelerated filer o
Non-accelerated filer   þ
Smaller reporting company o
 
 
 

 
 
CALCULATION OF REGISTRATION FEE

 
Title of securities to be registered
 
Amount to be registered (1)
   
Proposed maximum offering price per share(2)
   
Proposed maximum aggregate offering price (2)
 
Amount of
registration fee
 
Ordinary Shares, par value NIS .0588235 each
    150,000       US $0.13    
US $19,500
    US $2.26395  
                             
Ordinary Shares, par value NIS .0588235 each     350,000       US $0.02     US $7,000     US $0.8127  
                             
Ordinary Shares, par value  NIS .0588235 each     500,000       US $0.20     US $100,000     US $11.61  
                             
Ordinary Shares, par value NIS .0588235 each     3,000,000       US $0.12     US $360,000     US $41.796  
                             
Total
    4,000,000       US $0.47    
US $486,500
    US $56.48265  

 
(1)
The number of ordinary shares, par value NIS .0588235 per share (“Ordinary Shares”), stated above consists of the additional number of shares which may be sold upon the exercise of options or issuances of awards which may hereafter be granted under the 2003 Share Option Plan (" 2003 Plan "). In accordance with Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”) this registration statement also covers, in addition to the number of shares stated above, such indeterminate number of shares as may become subject to options or otherwise issuable after the operation of certain anti-dilution and other provisions under the Plans as a result of the adjustment in accordance with any such anti-dilution and other provisions therein.
 
 
 (2)
This calculation is made solely for the purpose of determining the registration fee pursuant to the provisions of Rule 457(c) and (h) under the Securities Act as follows: (i) in the case of Ordinary Shares which may be purchased upon exercise of outstanding options, the fee is calculated on the basis of the price at which the options may be exercised; and (ii) in the case of Ordinary Shares for which options and awards have not yet been granted and the option price of which is therefore unknown, the fee is calculated on the basis of the average of the high and low sale prices per share of the Ordinary Shares on the OTC Pink Market as of a date (July 21, 2011) within five days prior to filing this Registration Statement.
 
 
 

 

EXPLANATORY NOTE

This Registration Statement is filed by Vuance Ltd. (the “ Registrant ” or “ we ”) in accordance with the provisions of General Instruction E to Form S-8 for the purpose of registering an additional 4,000,000   Ordinary Shares, par value NIS .0588235 per share, of the Registrant, which are reserved for issuance under the Vuance Ltd. 2003 Share Option Plan (" 2003 Plan "), such that following such registration a total of 5,350,730 Ordinary Shares shall be reserved for offer and sale under the 2003 Plan.

The contents of the registrant’s Registration Statement on Form S-8, File No. 333-121231, filed with the Securities and Exchange Commission on December 14, 2004, is hereby incorporated by reference into this Registration Statement with the exception of Exhibits 5.1, 23.1, 23.2, and 24.1, which are provided herewith.

 
 

 
 
PART II
 
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
 
Item 3. 
Incorporation of Certain Information by Reference
 
The following documents filed by the Registrant are incorporated by reference in this registration statement:
 
(1) Registrant’s Annual Report on Form 20-F for the year ended December 31, 2010 (the “ Annual Report ”) filed on June 13, 2011 including any amendment or report subsequently filed by the Registrant for the purpose of updating the information contained therein.
 
(2) The description of the Ordinary Shares contained in the Registrant’s Registration Statement on Form 20-F filed June 13, 2011 under the Exchange Act, including any amendment or report filed for the purpose of updating such description.
 
(3) All other reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), since June 13, 2011.

Also, we may incorporate by reference our future reports on Form 6-K by stating in those Forms that they are being incorporated by reference into this prospectus.
 
In addition, all documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be a part hereof from the date of filing of such documents.
 
Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document that also is incorporated or deemed to be incorporated by reference herein modifies or supersedes such statement.  Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
 
Item 8. 
Exhibits
 
5.1 
Opinion of Yigal Arnon & Co.
 
23.1 
Consent of Yigal Arnon & Co (included in Exhibit 5.1)
 
23.2 
Consent of Fahn Kanne & Co., independent public accountants
 
24.1 
Power of Attorney (see Page 5 of this registration statement)
 
 
 

 
 
SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Qadima, Israel, on the 26 th   day of July, 2011.
 
VUANCE LTD.
 
/s/ Tsviya Trablesi
Ms. Tsviya Trablesi,
Chairman of the Board

/s/ Arie Trablesi
Mr. Arie Trabelsi
Chief Executive Officer
POWER OF ATTORNEY

Each person whose signature appears below constitutes and appoints Arie Trabelsi and Mickey Ben Harush, and each of them with power of substitution, as his attorney-in-fact, in all capacities, to sign any amendments to this Registration Statement (including post-effective amendments) and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that said attorney-in-facts or their substitutes may do or cause to be done by virtue hereof.
 
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated:
 
Signature
 
Title
 
Date
         
/s/ Arie Trablesi
Arie Trablesi
 
Chief Executive Officer
 
 
July 26, 2011
         
/s/ Tsviya Trabelsi
Tsviya Trabelsi
 
Director and Chairman of the Board of Directors
 
July 26, 2011
         
/s/  Menachem Mirski
Menachem Mirski
 
Director
 
 
July 26, 2011
         
/s/  Shimon Cohen
 Shimon Cohen
 
Director
 
 
July 26, 2011
         
/s/ David Mimon
David Mimon
 
Director
 
July 26, 2011
         
/s/ Mickey Ben Harush
Mickey Ben Harush
 
Chief Financial Officer
 
July 26, 2011

 
 

 

SIGNATURE OF AUTHORIZED
REPRESENTATIVE IN THE UNITED STATES

Pursuant to the Securities Act of 1933, the undersigned, the duly authorized representative in the United States of Vuance Ltd., has signed this Registration Statement on Form S-8 on July 26, 2011.
 
 
By:
/s/ Brenda Gebhardt  
   
Name: Brenda Gebhardt
 
   
Title: President and Chief Operations officer of Purerfid Inc.

 
 

 
 
EXHIBIT INDEX
 
5.1 
Opinion of Yigal Arnon & Co.
 
23.1 
Consent of Yigal Arnon & Co (included in Exhibit 5.1)
 
23.2 
Consent of Fahn Kanne & Co., independent public accountants
 
24.1 
Power of Attorney (see Page 5 of this registration statement)
 






Exhibit 5.1
 
 
Tel Aviv July 26, 2011
 
Vuance Ltd.
Sagid House "Hasharon Industrial Park"
P.O. Box 5039
Qadima 60920
Israel

Re:            Registration Statement on Form S-8

Dear Sirs:

We have acted as Israeli counsel for Vuance Ltd., a company organized under the laws of Israel (the “Company”), in connection with the Registration Statement on Form S-8 (the “Registration Statement”) being filed by the Company under the Securities Act of 1933, as amended, for the purposes of registering an additional 4,000,000 Ordinary Shares of the Company, nominal value New Israeli Shekel 0.01 per share (the “Shares”), that may be issued pursuant to options that have been granted pursuant to the Vuance Ltd. 2003 Share Option Plan (the "Plan").   The Ordinary Shares referred to above are referred to herein as the “Option Shares.”
 
        In rendering an opinion on the matters hereinafter set forth, we have assumed the authenticity of all original documents submitted to us as certified, conformed or photographic copies thereof, the genuineness of all signatures and the due authenticity of all persons executing such documents.  We have assumed the same to have been properly given and to be accurate, we have assumed the truth of all facts communicated to us by the Company, and we have also assumed that all consents, minutes and protocols of meetings of the Company’s board of directors and shareholders meetings of the Company which have been provided to us are true, accurate and have been properly prepared in accordance with the Company’s incorporation documents and all applicable laws.   In addition, we have assumed that in connection with the issuance of Ordinary Shares under the Plan, the Company will receive consideration in an amount not less than the aggregate par value of the Plan Shares covered by each such issuance.

On the basis of such investigation as we have deemed necessary, we are of the opinion that the Option Shares have been duly and validly authorized for issuance and, when issued upon due exercise in accordance with the applicable option agreement and governing Plan (including payment of the applicable option exercise price), will be legally issued, fully paid and non-assessable.

We hereby consent to the filing of this opinion as an Exhibit to the Registration Statement. In giving this consent, we do not thereby admit that we come within the category of persons whose consent is required under Section 7 of the Securities Act of 1933, or the Rules and Regulations of the Securities and Exchange Commission thereunder.

The above opinion is based on facts existing on the date hereof and of which we are aware. We express no opinion as to any laws other than the laws of the State of Israel as the same are in force on the date hereof and we have not, for purpose of giving this opinion, made any investigation of the laws of any other jurisdiction. This opinion is limited to the matters stated herein and no opinion is implied or may be inferred beyond the matters expressly stated.

This opinion letter is rendered as of the date hereof and we disclaim any obligation to advise you of facts, circumstances, events or developments that may be brought to our attention after the effective date of the Registration Statement that may alter, affect or modify the opinions expressed herein.
 
   
Very truly yours,
 
       
   
/s/Yigal Arnon & Co.
 


 
1 Azrieli Center, Tel Aviv 67021, Israel | Tel: (+972) 3 608 7777 | Fax: (+972) 3 608 7724
 
31  Hillel Street, Jerusalem 94581, Israel | Tel: (+972) 2 623 9239 | Fax: (+972) 2 623 9233
 
www.arnon.co.il | info@arnon.co.il
 


 


Exhibit 23.2
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
We have issued our report dated June 13, 2011, with respect to the consolidated financial statements included in the Annual Report on Form 20-F for the year ended December 31, 2010 of Vuance Ltd. and its subsidiaries, which are incorporated by reference in this Registration Statement. We consent to the incorporation by reference in the Registration Statement of the aforementioned report.
 
/s/ Fahn Kanne & Co.
FAHN KANNE & CO.
Certified Public Accountants (Isr.)
 
Tel-Aviv, Israel
July 24, 2011