UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _____)*
DYNAMIC MATERIALS CORPORATION
(Name of Issuer)
COMMON STOCK, $.05 PAR VALUE
(Title of Class of Securities)
267888105
(CUSIP Number)
January 14, 1999
(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)
*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 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).
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CUSIP NO. 267888105 Page 2 of 7
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1. Name of Reporting Person IRS Number
La Societe Nationale des Poudres
et Explosifs ("SNPE")
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2. Check the Appropriate Box if a Member of a Group*
a._______
b._______ Not Applicable.
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3. SEC Use Only
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4. Citizenship or Place of Organization
SNPE is a French corporation wholly owned by the government of France.
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Number of Shares 5. Sole Voting Power
Beneficially Owned 0
by Each Reporting --------------------------------------------------------
Person With 6. Shared Voting Power
393,400
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7. Sole Dispositive Power
0
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8. Shared Dispositive Power
393,400
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
393,400
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10. Check if the Aggregate Amount in Row 9 Excludes Certain
Shares* ______ Not Applicable.
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11. Percent of Class Represented by Amount in Row 9
14.44%
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12. Type of Reporting Person*
CO
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* See Instructions
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Item 1(a). Name of Issuer:
The name of the issuer is DYNAMIC MATERIALS CORPORATION ("DMC").
Item 1(b). Address of Issuer's Principal Executive Offices:
The address of DMC's principal executive office is 551 Aspen Ridge
Drive, Lafayette, Colorado, 80026
Item 2(a). Name of Person Filing:
This Statement on Schedule 13-G is being filed by La Societe
Nationale des Poudres et Explosifs ("SNPE"). SNPE is a wholly owned subsidiary
of the French Government. (See Exhibit I)
Item 2(b). Address of Principal Business Office:
The principal business office of SNPE is 12, Quai Henri IV, 75181
Paris Cedex 04, France.
Item 2(c). Citizenship:
SNPE is a French corporation.
Item 2(d). Title of Class of Securities:
This statement relates to the Common Stock, $.05 par value of DMC
(the "Common Stock").
Item 2(e). CUSIP Number:
The CUSIP number of the Common Stock is 267888105.
Item 3. Not applicable.
Item 4. Ownership
(a) SNPE beneficially owns 393,400 shares of the Common Stock.
(b) SNPE beneficially owns 14.44% of the 2,723,666 shares of Common Stock
outstanding as of the date hereof.
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(c) Number of shares as to which SNPE has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 393,400
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 393,400
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.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certifications
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
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.
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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.
Date: January 21, 1999 SNPE, S.A.
By: /s/ Jean Faure
Name: Jean Faure
Title: President and CEO
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EXHIBITS
Exhibit Description Page No.
I Explanation of Corporate Relationships
of SNPE . . . . . . . . . . . . . . . . . . . . . . .7
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EXHIBIT I
Nobel Explosifs France, the corporation that acquired the security, is a
wholly owned subsidiary of SNPE. SNPE is a wholly owned subsidiary of the French
Government.
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