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OMB APPROVAL
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OMB Number 3235-0145
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2 )*
EURONET SERVICES INC.
---------------------
(Name of Issuer)
COMMON STOCK, $.02 PAR VALUE
----------------------------
(Title of Class of Securities)
0002987361
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(CUSIP Number)
DECEMBER 31, 1998
-----------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
/ / Rule 13d-1(b)
/ / Rule 13d-1(c)
/x/ 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 the
disclosures provided in a prior cover page.
The information required in 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).
<PAGE>
CUSIP No. 0002987361 13G Page 2 of 9 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Poland Partners, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares
BENEFICIALLY OWNED BY -----------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING 1,769,446 shares
PERSON -----------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------
8 SHARED DISPOSITIVE POWER
1,769,446 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,769,446 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.6%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 0002987361 13G Page 3 of 9 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Poland Partners Management, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares
BENEFICIALLY OWNED BY -----------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING 1,769,446 shares
PERSON -----------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------
8 SHARED DISPOSITIVE POWER
1,769,446 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,769,446 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.6%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 0002987361 13G Page 4 of 9 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Poland Partners Management Company
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Corporation
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares
BENEFICIALLY OWNED BY -----------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING 1,769,446 shares
PERSON -----------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------
8 SHARED DISPOSITIVE POWER
1,769,446 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,769,446 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.6%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 0002987361 13G Page 5 of 9 Pages
SCHEDULE 13G
Item 1(a). NAME OF ISSUER: Euronet Services Inc.
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
14-24 Horvat U. 1027 Budapest, Hungary
Item 2(a). NAMES OF PERSONS FILING: Poland Partners, L.P., Poland
Partners Management, L.P. and Poland Partners Management
Company
Poland Partners Management Company is the sole General Partner
of Poland Partners Management, L.P., and Poland Partners
Management, L.P. is the sole General Partner of Poland
Partners, L.P.
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
RESIDENCE: The address of the principal business office of
Poland Partners, L.P., Poland Partners Management, L.P. and
Poland Partners Management Company is c/o Landon Butler &
Company, 700 13th Street, N.W., Suite 1150, Washington, DC
20005.
Item 2(c). CITIZENSHIP: Poland Partners, L.P., and Poland Partners
Management, L.P. are limited partnerships organized under the
laws of the State of Delaware. Poland Partners Management
Company is a corporation organized under the laws of the State
of Delaware.
Item 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, $.02 par value
Item 2(e). CUSIP NUMBER: 0002987361
Item 3. IF THIS STATEMENT IS FILED PURSUANT TO Sections 240.13d-1(b)
OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
Not applicable. This Schedule 13G is not being filed pursuant
to Rule 13d-1(b) or Rule 13d-2(b) or (c).
Item 4. OWNERSHIP.
(a) Amount Beneficially Owned:
Each of Poland Partners, L.P., Poland Partners Management,
L.P. and Poland Partners Management Company (individually an
"Entity" and collectively the "Entities") may be deemed to own
beneficially 1,769,446 shares of Common Stock as of December
31, 1998.
As of December 31, 1998, Poland Partners, L.P. is the record
owner of 1,769,446 shares of Common Stock. By virtue of the
affiliate relationships among the Entities, each Entity may be
deemed to own beneficially all of the Record Shares. Hence,
each Entity may be deemed to own beneficially 1,769,446 shares
of Common Stock.
<PAGE>
CUSIP No. 0002987361 13G Page 6 of 9 Pages
(b) Percent of Class:
<TABLE>
<S> <C>
Poland Partners, L.P. 11.6%
Poland Partners Management, L.P. 11.6%
Poland Partners Management Company 11.6%
</TABLE>
The foregoing percentages are calculated based on the
15,250,453 shares of Common Stock reported to be outstanding
in a Quarterly Report on Form 10-Q for Euronet Services Inc.
for the Quarter Ended September 30, 1998.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0 shares for each reporting person
(ii) shared power to vote or to direct the vote:
<TABLE>
<S> <C>
Poland Partners, L.P. 1,769,446
Poland Partners Management, L.P. 1,769,446
Poland Partners Management Company 1,769,446
</TABLE>
(iii) sole power to dispose or to direct the disposition
of:
0 shares for each reporting person
(iv) shared power to dispose or to direct the disposition
of:
<TABLE>
<S> <C>
Poland Partners, L.P. 1,769,446
Poland Partners Management, L.P. 1,769,446
Poland Partners Management Company 1,769,446
</TABLE>
Each of the reporting persons expressly disclaims
beneficial ownership of any shares of Common Stock of
Euronet Services Inc., except in the case of Poland
Partners, L.P. for the 1,769,446 shares which it
holds of record.
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable.
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.
Not Applicable.
<PAGE>
CUSIP No. 0002987361 13G Page 7 of 9 Pages
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not Applicable. The reporting persons expressly disclaim
membership in a "group" as defined in Rule 13d-1(b)(1)(ii)(J).
Item 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable.
Item 10. CERTIFICATIONS.
Not Applicable. This statement on Schedule 13G is not filed
pursuant to Rule 13d-1(b) or Rule 13d-1(c).
<PAGE>
CUSIP No. 0002987361 13G Page 8 of 9 Pages
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. We also hereby agree to file this statement jointly pursuant to the
Agreement listed on EXHIBIT 1 hereto.
Dated: February 11, 1999
Poland Partners Management Company
By: /s/ Steven J. Buckley
----------------------------------------
Steven J. Buckley
President
Poland Partners Management, L.P.
By: Poland Partners Management Company,
its general partner
By: /s/ Steven J. Buckley
----------------------------------------
Steven J. Buckley
President
Poland Partners, L.P.
By: Poland Partners Management, L.P.,
its general partner
By: Poland Partners Management Company,
its general partner
By: /s/ Steven J. Buckley
----------------------------------------
Steven J. Buckley
President
<PAGE>
CUSIP No. 0002987361 13G Page 9 of 9 Pages
EXHIBIT 1
AGREEMENT
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934,
the undersigned hereby agree that only one statement containing the information
required by Schedule 13G need be filed with respect to the ownership by each of
the undersigned of shares of Common Stock of Euronet Services Inc.
This agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
EXECUTED this 11th day of February, 1999.
Poland Partners Management Company
By: /s/ Steven J. Buckley
----------------------------------------
Steven J. Buckley
President
Poland Partners Management, L.P.
By: Poland Partners Management Company,
its general partner
By: /s/ Steven J. Buckley
----------------------------------------
Steven J. Buckley
President
Poland Partners, L.P.
By: Poland Partners Management, L.P.,
its general partner
By: Poland Partners Management Company,
its general partner
By: /s/ Steven J. Buckley
----------------------------------------
Steven J. Buckley
President
