SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) December 23, 1997
LYNTON GROUP, INC.
(Exact name of Registrant as specified in its charter)
Delaware 0-6867 13-2688055
(State or other (Commission (I.R.S. Employer
jurisdiction of file number) Identification
incorporation or Number)
organization)
9 Airport Road
Morristown Municipal Airport
Morristown, New Jersey 07960
(Address of principal (Zip Code)
executive offices)
Registrant's telephone number, including area code:(973) 292-9000
Item 2. Acquisition or Disposition of Assets.
Pursuant to a Share Sale and Purchase Agreement dated December 5, 1997
among Lynton Group, Inc. (the "Company"), Lynton Group Limited, a company
organized under the laws of England and a wholly-owned subsidiary of the
Company ("Limited"), and The General Electric Company, p.l.c., the owner of
all of the shares of capital stock of Magec Aviation Limited, a company
organized under the laws of England ("Magec"), the Company through Limited
acquired on December 23, 1997 all of the issued and outstanding shares of
capital stock of Magec (the "Magec Shares").
The purchase price for the Magec Shares was 17,000,000 Pounds Sterling
paid in cash. The funds used to purchase the Magec Shares included bank
financing obtained from the Bank of Scotland in the principal amount of
12,800,000 Pounds Sterling with the balance of purchase price from debt
financing obtained from certain directors of the Company and/or their
affiliates, as well as other third parties.
Magec is engaged in the operation of an aviation fixed base operation
at the London Luton Airport located in the London, England metropolitan
area. Magec, which operates from a hanger/office facility of approximately
65,000 square feet, primarily provides hangarage and refueling, charter,
management and maintenance services for corporate aircraft.
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
Financial Statements of Businesses Acquired and Pro Forma Financial
Information:
The financial statements and pro forma financial information required
to be filed are presently not available and will be filed by amendment as
soon as practicable and not later than 60 days after the due date of this
Report on Form 8-K.
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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.
LYNTON GROUP, INC.
(Registrant)
Date: January 6, 1998 By: /S/CHRISTOPHER TENNANT
Christopher Tennant,
President and
Chief Executive Officer
