UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Offshore Logistics, Inc.
------------------------
(Name of Issuer)
Common Stock ($.01 par value)
-----------------------------
(Title of Class of Securities)
676255 10 2
-----------
(CUSIP Number)
Mr. Graeme P. Denison, Caledonia Investments plc, Cayzer House,
1 Thomas More St., London England E1W 1YB (44-20-7481-4343)
-----------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notice and Communications)
March 31, 2000
--------------
(Date of Event which Requires Filing of Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the Schedule, including all exhibits. See ss. 240.13d-7(b) for other
parties to whom copies are to be sent.
*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 on 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).
SEC 1746
<PAGE>
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CUSIP NO. 676255 10 2 13D Page 2 of 14 Pages
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1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
CALEDONIA INDUSTRIAL & SERVICES LIMITED
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a)
(b)
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS (See Instructions)
NOT APPLICABLE
--------------------------------------------------------------------------------
5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
ENGLAND
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF
SHARES - 0 -
--------------------------------------------
8) SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,752,754*
--------------------------------------------
9) SOLE DISPOSITIVE POWER
EACH
- 0 -
--------------------------------------------
REPORTING
10) SHARED DISPOSITIVE POWER
PERSON
WITH 1,752,754*
--------------------------------------------
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,752,754*
--------------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON (See Instructions)
CO
--------------------------------------------------------------------------------
* Includes 452,754 shares of Common Stock that the Reporting Person has a
right to acquire upon conversion of $10,350,000 of Convertible Subordinated
Notes due 2003 (the "Notes") of the Issuer at an assumed conversion price
of $22.86 per share.
<PAGE>
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CUSIP NO. 676255 10 2 13D Page 3 of 14 Pages
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
CALEDONIA INVESTMENTS PLC
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a)
(b)
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS (See Instructions)
NOT APPLICABLE
--------------------------------------------------------------------------------
5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
ENGLAND
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF
SHARES - 0 -
--------------------------------------------
8) SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,752,754*
--------------------------------------------
9) SOLE DISPOSITIVE POWER
EACH
REPORTING - 0 -
--------------------------------------------
10) SHARED DISPOSITIVE POWER
PERSON
WITH 1,752,754*
--------------------------------------------
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,752,754*
--------------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON (See Instructions)
CO
--------------------------------------------------------------------------------
* Includes 452,754 shares of Common Stock that the Reporting Person has a
right to acquire upon conversion of $10,350,000 of Convertible Subordinated
Notes due 2003 (the "Notes") of the Issuer at an assumed conversion price
of $22.86 per share.
<PAGE>
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CUSIP NO. 676255 10 2 13D Page 4 of 14 Pages
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
THE CAYZER TRUST COMPANY LIMITED
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
(b)
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS (See Instructions)
NOT APPLICABLE
--------------------------------------------------------------------------------
5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
ENGLAND
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF
- 0 -
--------------------------------------------
SHARES
8) SHARED VOTING POWER
BENEFICIALLY
1,752,754*
--------------------------------------------
OWNED BY
9) SOLE DISPOSITIVE POWER
EACH
- 0 -
--------------------------------------------
REPORTING
10) SHARED DISPOSITIVE POWER
PERSON
1,752,754*
WITH --------------------------------------------
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,752,754*
--------------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON (See Instructions)
CO
--------------------------------------------------------------------------------
* Includes 452,754 shares of Common Stock that the Reporting Person has a
right to acquire upon conversion of $10,350,000 of Convertible Subordinated
Notes due 2003 (the "Notes") of the Issuer at an assumed conversion price
of $22.86 per share.
<PAGE>
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CUSIP NO. 676255 10 2 13D Page 5 of 14 Pages
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Sterling Industries PLC
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a)
(b)
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS (See Instructions)
Not applicable
--------------------------------------------------------------------------------
5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
England
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF
- 0 -
--------------------------------------------
SHARES
8) SHARED VOTING POWER
BENEFICIALLY
- 0 -
--------------------------------------------
OWNED BY
9) SOLE DISPOSITIVE POWER
EACH
- 0 -
--------------------------------------------
REPORTING
10) SHARED DISPOSITIVE POWER
PERSON
- 0 -
--------------------------------------------
WITH
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 -
--------------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON (See Instructions)
CO
--------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
UNDER THE SECURITIES AND EXCHANGE COMMISSION ACT OF 1934
Introduction
As of March 31, 2000, Sterling (as defined below) is no longer an
indirect beneficial owner of the Common Stock of the Issuer (as defined below)
given that it has no direct voting shareholdings of Caledonia (as defined
below).
ITEM 1. SECURITY AND ISSUER
This Statement relates to the common stock ($.01 par value) ("Common
Stock") of Offshore Logistics, Inc. (the "Issuer"). The principal executive
offices of the Issuer are located at 224 Rue de Jean, Lafayette, LA 70508.
ITEM 2. IDENTITY AND BACKGROUND
The persons filing this Statement (the "Reporting Persons"), the
persons enumerated in Instruction C of Schedule 13D (the "Additional Persons")
and, where applicable, their respective places of organization, directors,
executive officers and controlling persons, and the information in respect of
such persons, are as follows:
(A) This Statement is filed by (i) Caledonia Industrial & Services
Limited ("CIS"), as the direct beneficial owner of the Common Stock previously
referenced on pages 2 through 5; (ii) Caledonia Investments plc ("Caledonia") as
an indirect beneficial owner of this Common Stock given that Caledonia is the
holder of all of the outstanding capital stock of CIS; (iii) The Cayzer Trust
Company Limited ("Cayzer Trust") as an indirect beneficial owner of this Common
Stock given that its direct holdings of the securities of Caledonia represent
indirect holdings of the stock of CIS; and (iv) Sterling Industries PLC
("Sterling") which, as of March 31, 2000, is no longer an indirect beneficial
owner of this Common Stock given that it has no direct voting holdings of
Caledonia (collectively all these entities are the "Reporting Persons").
CIS is the direct beneficial holder of approximately 8.3% of the
outstanding Common Stock of the Issuer. Caledonia is the holder of all of the
outstanding capital stock of CIS. Cayzer Trust is the holder of 34.41% of the
outstanding common stock of Caledonia. Cayzer Trust may be deemed to control
Caledonia and, hence, CIS. Cayzer Trust disclaims beneficial ownership of
Caledonia or CIS.
As of March 31, 2000, Sterling ceased to be a beneficial owner of
Common Stock of the Issuer. Sterling has no direct holdings of the voting
securities of Caledonia by virtue of a public takeover offer initiated by
Caledonia to acquire all of the shares of Sterling not owned already directly by
Caledonia, following which all common stock of Caledonia owned by Sterling was
redesignated as deferred non-voting shares. As a result, Sterling may not be
deemed as controlling or holding, indirectly or directly, on its own or in
combination with any other entity, Caledonia or CIS.
<PAGE>
(B) The principal business address of each Reporting Person (other than
Sterling) is Cayzer House, 1 Thomas More Street, London, England E1 9LE. The
principal business address of Sterling is Sterling House, Crewkerne, Somerset,
England TA18 8LL. The addresses of the officers and directors of the Reporting
Persons are set forth on Schedule A hereto and are incorporated herein by
reference.
CIS is an investment holding company.
Caledonia is a diversified trading and investment company.
Cayzer Trust is an investment holding company.
Sterling is an engineering company.
(C) Certain additional information about the officers and directors of
the Reporting Persons is set forth on Schedule A hereto and is incorporated
herein by reference.
(D) During the last five years, neither any Reporting Person nor any
Additional Persons, according to any of the Reporting Person's knowledge, have
been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(E) During the last five years, neither any Reporting Person, nor any
of the Additional Persons, according to any of the Reporting Person's knowledge,
have been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree, or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
(F) Each Reporting Person is a corporation organized under the laws of
England. Each of the Additional Persons is a citizen of The United Kingdom.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Not applicable.
ITEM 4. PURPOSE OF TRANSACTION
Not applicable.
ITEM 5. INTEREST IN SECURITIES OF ISSUER
(A) CIS is the direct beneficial owner of 1,752,754 shares of Common
Stock of the Issuer. This amount includes a right to acquire 452,754 shares of
Common Stock upon conversion of $10,350,000 of Convertible Subordinated Notes
due 2003 of the Issuer at an assumed conversion price of $22.86 per share.
This holding represents approximately 8.3% of the total of 21,105,921
shares of Common Stock currently outstanding according to the Issuer's report on
Form 10-Q Filed on August 14, 2000 ("Issuer
<PAGE>
10-Q"). By virtue of the relationships described in Item 2, Caledonia and Cayzer
Trust may be deemed to share indirect beneficial ownership of the shares of
Common Stock owned directly by CIS. Cayzer Trust disclaims all such beneficial
ownership.
As described in Item 2, Sterling is not a direct or indirect beneficial
owner of shares of Common Stock of the Issuer.
(B) CIS has the power to vote or direct the vote, and dispose or direct
the disposal of the shares of Common Stock of the Issuer.
(C) There have been no transactions in shares of Common Stock by any
Reporting Person.
(D) CIS has the right to receive and the power to direct receipt of
dividends from the shares of Common Stock of the Issuer that it holds.
(E) On March 31, 2000, Sterling ceased to be a beneficial owner of
Common Stock of the Issuer.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
<PAGE>
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.
October 5, 2000 CALEDONIA INDUSTRIAL & SERVICES LIMITED
By: /s/ G. P. Denison
----------------------------------------
Name: G. P. Denison
Title: Company Secretary
October 5, 2000 CALEDONIA INVESTMENTS PLC
By: /s/ G. P. Denison
----------------------------------------
Name: G. P. Denison
Title: Company Secretary
October 5, 2000 THE CAYZER TRUST COMPANY LIMITED
By: /s/ J. I. Mehrtens
----------------------------------------
Name: J. I. Mehrtens
Title: Director
October 5, 2000 STERLING INDUSTRIES PLC
By: /s/ David Kinloch
----------------------------------------
Name: Sir David Kinloch
----------------------------------------
Title: Director
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see U.S.C. 1001).
<PAGE>
SCHEDULE A TO SCHEDULE 13D
(I) DIRECTORS AND OFFICERS OF CALEDONIA INDUSTRIAL & SERVICES LIMITED
<TABLE>
<CAPTION>
NAME RESIDENCE PRINCIPAL OCCUPATION CITIZENSHIP
<S> <C> <C> <C>
P. N. Buckley 6 Albert Place Chairman and Chief United Kingdom
London Executive, Caledonia
W8 5PD, England Investments plc
J. H. Cartwright Rectory Meadow Finance Director, United Kingdom
Hawthorn Place, Penn Caledonia Investments plc
Buckinghamshire
HP10 8EH, England
Hon. C. W. Cayzer Finstock Manor Executive Director, United Kingdom
Finstock Caledonia Investments plc
Oxfordshire
OX7 3DG, England
G. P. Denison 16 Highfield Road Company Secretary, United Kingdom
Hertford Caledonia Investments plc
Hertfordshire
SG13 8BH, England
Sir David Kinloch 29 Walpole Street Deputy Chief Executive, United Kingdom
London, SW3 4QS Caledonia Investments plc
England
M. G. Wyatt Pippin Park Deputy Chairman, United Kingdom
Lidgate, Newmarket Caledonia Investments plc
Suffolk
CB8 9PP, England
</TABLE>
<PAGE>
(II) DIRECTORS AND EXECUTIVE OFFICERS OF CALEDONIA INVESTMENTS PLC
<TABLE>
<CAPTION>
NAME RESIDENCE PRINCIPAL OCCUPATION CITIZENSHIP
<S> <C> <C> <C>
P.N. Buckley 6 Albert Place Chairman and Chief Executive, United Kingdom
London Caledonia Investments plc
W8 5PD, England
J. Burnett-Stuart Ardmeallie House Retired United Kingdom
Huntley
Aberdeenshire
AB54 5RS, Scotland
J. H. Cartwright Rectory Meadow Finance Director, United Kingdom
Hawthorn Place, Penn Caledonia Investments plc
Buckinghamshire
HP10 8EH, England
N. K. Cayzer Thriepley House Non Executive Director, United Kingdom
Lundie, Dundee Oriel Group plc
Scotland Stuart House
Queens Gate
Britannia Road
Waltham Cross
Hertfordshire, EN8 7TF
England
Hon. C. W. Cayzer Finstock Manor Executive Director, United Kingdom
Finstock Caledonia Investments plc
Oxfordshire
OX7 3DG, England
G. P. Denison 16 Highfield Road Company Secretary, United Kingdom
Hertford Caledonia Investments plc
Hertfordshire
SG13 8BH, England
Sir David Kinloch 29 Walpole Street Deputy Chief Executive, United Kingdom
London, SW3 4QS Caledonia Investments plc
England
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
NAME RESIDENCE PRINCIPAL OCCUPATION CITIZENSHIP
<S> <C> <C> <C>
J. R. H. Loudon Olantigh Finance Director, United Kingdom
Wye Blue Circle Industries PLC
Ashford 84 Eccleston Square
Kent, England London, SW 1V 1PX
TN25 5EW England
M. G. Wyatt Pippin Park Deputy Chairman, United Kingdom
Lidgate, Newmarket Caledonia Investments plc
Suffolk
CB8 9PP, England
</TABLE>
<PAGE>
(III) DIRECTORS AND EXECUTIVE OFFICERS OF THE CAYZER TRUST COMPANY LIMITED
<TABLE>
<CAPTION>
NAME RESIDENCE PRINCIPAL OCCUPATION CITIZENSHIP
<S> <C> <C> <C>
P. N. Buckley 6 Albert Place Chairman and Chief Executive, United Kingdom
London Caledonia Investments plc
W8 5PD, England
Hon. C. W. Cayzer Finstock Manor Executive Director, United Kingdom
Finstock Caledonia Investments plc
Oxfordshire
OX7 3DG, England
Sir James Cayzer Kinpurnie Castle Landowner United Kingdom
Newtyle, Angus
Scotland
J. I. Mehrtens 51 Oxenden Wood Road Company Secretary, United Kingdom
Chelsfield Park The Cayzer Trust Company
Orpington, Limited
Kent BR6 6HP, England
M. G. Wyatt Pippin Park Deputy Chairman, United Kingdom
Lidgate, Newmarket Caledonia Investments plc
Suffolk
CB8 9PP, England
P. R. Davies No. 6 Belvedere House, Lawyer United Kingdom
Priory Road,
Sunningdale,
Berkshire SL5 9RH
England
</TABLE>
<PAGE>
(IV) DIRECTORS AND EXECUTIVE OFFICERS OF STERLING INDUSTRIES PLC
<TABLE>
<CAPTION>
NAME RESIDENCE PRINCIPAL OCCUPATION CITIZENSHIP
<S> <C> <C> <C>
D. Blunn The Barn, Park Farm Finance Director, United Kingdom
Marston Magna Somerset Sterling Industries PLC
TA22 8AX, England
P. N. Buckley 6 Albert Place Chairman and Chief United Kingdom
London Executive, Caledonia
W8 5PD, England Investments plc
H. W. Denman The Penthouse Retired United Kingdom
Old Avenue
St. Georges Hill
Weybridge
Surrey, KT13 OQB
England
D. Diggins Fairgarden Chief Executive, United Kingdom
Unity Lane Sterling Industries PLC
Misterton, Crewkerne
Somerset TA18 5NA
England
Sir David Kinloch 29 Walpole Street Deputy Chief Executive, United Kingdom
London, SW3 4QS Caledonia Investments plc
England
M. G. Wyatt Pippin Park Deputy Chairman United Kingdom
Lidgate, Newmarket Caledonia Investments plc
Suffolk
CB8 9PP, England
W. P. Wyatt 83 Barkston Gardens, Investment Manager, United Kingdom
London SW5 0EU Caledonia Investments plc
England
</TABLE>
