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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
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PLANET HOLLYWOOD INTERNATIONAL, INC.
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(Name of Issuer)
CLASS A COMMON STOCK, $.01 PAR VALUE
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(Title of Class of Securities)
72702Q102
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(CUSIP Number)
ALBERT MEADE, COUDERT BROTHERS,
333 SO. HOPE ST., 23rd FLOOR LOS ANGELES, CA 90071
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
SEPTEMBER 19, 2000
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box / /.
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*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).
(Continued on following page(s))
Page 1 of Pages
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CUSIP No. 72702Q102 13D Page of Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Magnetic Light Profits Limited
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
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(3) SEC Use Only
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(4) Source of Funds*
WC
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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(6) Citizenship or Place of Organization
British Virgin Islands
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Number of Shares (7) Sole Voting
Beneficially Owned Power 1,427,903
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 0
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(9) Sole Dispositive
Power 1,427,903
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(10) Shared Dispositive
Power 0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,427,903
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
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(13) Percent of Class Represented by Amount in Row (11)
14.3
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(14) Type of Reporting Person*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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SCHEDULE 13D
This Amendment No. 2 to Schedule 13D amends the Schedule 13D report filed on
July 10, 2000 (the "Initial Schedule 13D") by Magnetic Light Profits Limited
("Magnetic") relating to the Class A common stock, par value $0.01 per share
(the "New Class A Common Stock") of Planet Hollywood International, Inc. (the
"Company"), as amended by Amendment No. 1 of the Initial Schedule 13D
("Amendment No. 1"), which Amendment No. 1 was filed by Magnetic on July 28,
2000. Capitalized terms used herein without definition shall have the meaning
set forth in the Initial Schedule 13D. This Amendment No. 2 supercedes and
replaces Amendment No. 1 in its entirety, and should be read only in conjunction
with the Initial Schedule 13D, without reference to Amendment No. 1.
Item 3 is hereby amended to read in its entirety as follows:
Item 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
As described below in Item 4 and Item 5, Magnetic purchased an
aggregate of 933,336 shares of New Class B Common Stock,
pursuant to a subscription agreement, for Four Million Dollars
($4,000,000). During May, June and July 2000, Magnetic acquired
an aggregate of 433,500 shares of New Class A Common Stock in
open market transactions. During August 2000, Magnetic acquired
an aggregate of 30,000 shares of New Class A Common Stock in
open market transactions. During September 2000, Magnetic
acquired an aggregate of 164,400 shares of New Class A Common
Stock in open market transactions. The aggregate purchase price
for all such shares of New Class A Common Stock was
$2,035,856.26. The source of funds used to purchase all of the
foregoing shares of New Class B Common Stock and New Class A
Common Stock was from Magnetic's working capital.
Item 5 is hereby amended in its entirety to read as follows:
Item 5 INTEREST IN SECURITIES OF THE ISSUER
The following information concerning percentages of ownership
of outstanding shares of New Common Stock is based on a total
of 10,000,024 shares reported to be outstanding by the Company
at July 31, 2000. Such shares consist of 3,000,001 shares of
New Class A Common Stock and 7,000,023 shares of New Class B
Common Stock (which is convertible into the same number of
shares of New Class A Common Stock).
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Item 5(a) Pursuant to the Company's Plan, Magnetic purchased an aggregate
of 933,336 shares of New Class B Common Stock for Four Million
Dollars. Of those shares, 133,333 have been withheld by the
Company (the "Withheld Shares") in order to deliver such shares
to certain celebrities and other third parties in consideration
of their involvement with the Company. Magnetic is not entitled
to the return of any of the Withheld Shares. During May, June
and July 2000, Magnetic acquired an aggregate of 433,500 shares
of New Class A Common Stock in open market transactions. During
August of 2000, Magnetic acquired an aggregate of 30,000 shares
of New Class A Common Stock in open market transactions. During
September 2000 (through September 26), Magnetic acquired an
aggregate of 164,400 shares of New Class A Common Stock in open
market transactions. As of September 26, 2000, Magnetic holds an
aggregate of 627,900 shares of New Class A Common Stock, all of
which were acquired in open market transactions.
Excluding the Withheld Shares, assuming all of the remaining
New Class B Common Stock held by Magnetic is converted into
shares of New Class A Common Stock, Magnetic would own
1,427,903 of 10,000,024 issued and outstanding shares of New
Class A Common Stock, or approximately 14.3%.
Item 5(b) The number of shares of New Class A Common Stock as to which
Magnetic, has (assuming that all of its shares of New Class B
Common Stock are converted):
(i) sole power to vote or to direct the vote: 1,427,903
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of:
1,427,903
(iv) shared power to dispose or to direct the disposition of: 0
Item 5(c) Not applicable.
Item 5(d) As a result of distributions from Magnetic and as the sole
shareholder of Magnetic, Star East Holdings Limited may have
the right to receive dividends from, or the proceeds from the
sale of, securities held by Magnetic, including shares of the
New Common Stock.
Item 5(e) Not applicable.
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After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
Amendment No. 2 to Schedule 13D is true, complete and correct.
Dated: September 27, 2000
MAGNETIC LIGHT PROFITS LIMITED
/s/ CHAU MEI WAH, ROSANNA
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Name: Chau Mei Wah, Rosanna
Title: Director
