SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)
EUROTECH LTD
--------------
(Name of Issuer)
Common Stock, $ .00025 Par Value
---------------------------------
(Title of Class of Securities)
298796202
-----------
(CUSIP Number)
April 25, 2000
----------------
(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)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
<PAGE>
CUSIP No. 298796202 SCHEDULE 13D Page of Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Woodward LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
4,394,853 (see Note A)
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY N/A
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 4,394,853 (see Note A)
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
N/A
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,394,853 (see Note A)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1 (a) NAME OF ISSUER
EUROTECH, LTD.
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
1216 16TH STREET, N.W.
SUITE 200
WASHINGTON D.C. 20036
ITEM 2 (a) NAME OF PERSON FILING
Woodward LLC
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
RESIDENCE
Corporate Centre
Windward One
West Bay Road
PO Box 31106 SMB
Grand Cayman, Cayman Islands
(c) CITIZENSHIP
Cayman Islands
(d) TITLE OF CLASS OF SECURITIES
Common Stock, $.00025 par value
<PAGE>
(e) CUSIP NUMBER
298796202
ITEM 3 If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), Check Whether the Person Filing is a:
(a) |_| Broker or dealer registered under section 15 of the Act
(b) |_| Bank as defined in section 3(a)(6) of the Act
(c) |_| Insurance company as defined in section 3(a)(19) of the Act
(d) |_| Investment company registered under section 8 of the Investment
Company Act of 1940
(e) |_| An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E)
(f) |_| An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F)
(g) |_| A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G)
(h) |_| A savings association as defined in section 3(b) of the Federal
Deposit Insurance Act
(i) |_| A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company
Act of 1940
(j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J)
If this statement is filed pursuant to Rule 13d-1(c), check this box |X|
ITEM 4 OWNERSHIP
(a) Amount beneficially owned:
4,394,853 (see Note A)
<PAGE>
(b) Percent of class:
9.8%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 4,394,853 (see Note A)
(ii) Shared power to vote or to direct the vote: N/A
(iii) Sole power to dispose or to direct the disposition of:
4,394,853 (see Note A)
(iv) Shared power to dispose or to direct the disposition of: N/A
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following |_|
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON
N/A
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
HOLDING COMPANY
N/A
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
N/A
ITEM 9 NOTICE OF DISSOLUTION OF GROUP
N/A
<PAGE>
ITEM 10 CERTIFICATION
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired are not
being held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
SIGNATURE
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.
August 18, 2000
----------------------------------------
(Date)
Woodward, LLC
----------------------------------------
(Signature)
/s/ [ILLEGIBLE]
----------------------------------------
By: Navigator Management Ltd.
-------------------------------------
Director
By: /s/ David Sims
-------------------------------------
<PAGE>
NOTE A
Based on information provided by the Issuer, there are currently outstanding
44,768,000 shares of the Common Stock of the Issuer.
Reporting Person currently owns 3,694,853 shares of the Common Stock of the
Issuer.
In addition, the Reporting Person holds the following Warrants ("the Warrants")
to Purchase shares of Common Stock
1) Warrant to purchase 200,000 shares of Common Stock at an exercise price
of $3.125 per share exercisable anytime until December 31, 2004;
2) Warrant to purchase 500,000 shares of Common Stock at an exercise price
of $10.00 per share exercisable anytime until April 25, 2004;
If all the Warrants were fully exercised, the Reporting Person's total shares of
Common Stock would be 4,394,853 (9.8%).
The Reporting person disclaims any beneficial interest in or voting rights in
the shares of Common Stock of the Issuer held by or issuable upon the exercise
of any conversion or other rights held by any other holder of shares or such
rights of the Issuer.
