<PAGE>
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of August 1999
CENARGO INTERNATIONAL PLC
(Translation of registrant's name into English)
Puttenham Priory
Puttenham
Surrey GU3 1AR
United Kingdom
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will
file annual reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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 Exchange Act of 1934.
Yes No X
<PAGE>
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
The following is the text of a press release issued by Cenargo
International plc on August 9, 1999:
Puttenham Priory, England, August 9, 1999. Cenargo International
plc ("Cenargo") today announced that it has entered into an
agreement with Grover Star Shipping Corporation ("Grover"), a
Liberian corporation, to acquire 100% of the issued A share
capital of Norse Irish Ferries Limited ("NIF"), a private company
incorporated in the Isle of Man. On July 23, 1999 Cenargo made
an offer to acquire all the issued B share capital of NIF (the
"Offer") and Grover has accepted this Offer in respect of the B
shares held by it. Grover's A and B shares represent 99.27% of
the issued share capital of NIF. The purchase is expected to
close on or about October 1, 1999. Cenargo expects to acquire
the balance of NIF's shares by compulsory purchase under Isle of
Man law to the extent that the holders of the B shares do not
accept the Offer. The purchase of Grover's A shares and B shares
is subject to closing conditions including regulatory approval
and the consent of a majority of the holders of Cenargo's 9 3/4%
First Priority Ship Mortgage Notes due 2008 (the "Notes") to the
application by Cenargo of a portion of the funds currently held
as collateral for the Notes to the purchase of NIF. Cenargo has
today commenced a consent solicitation of the holders of the
Notes of record as of August 6, 1999. PaineWebber Incorporated
is acting as financial advisor and ChaseMellon Consulting is
acting as Solicitation Agent to Cenargo in connection with the
solicitation. Copies of the Consent Solicitation Statement are
available to holders of the Notes on request.
NIF operates freight and passenger ferry services in the
Irish Sea market. NIF's fleet consists of two modern RoPax
ferries on timecharters, and provides the only passenger and
freight service between Liverpool (England) and Belfast (Northern
Ireland). In 1998, NIF was the fastest growing ferry operator,
in terms of freight units transported, in the Irish Sea.
Contact: Paul Gregory
Cenargo International plc
tel. +44-1483-241-000
2
<PAGE>
SIGNATURES
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.
CENARGO INTERNATIONAL PLC
(registrant)
Dated: August 9, 1999 By: /s/ Michael Hendry
___________________
Michael Hendry
Chairman
3
02442004.AA1
