<PAGE> 1
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OMB APPROVAL
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OMB NUMBER: 3235-0145
Expires: December 31, 1997
Estimated average burden
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2 )*
---------
WACE GROUP PLC
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value 0.20p per share
- -------------------------------------------------------------------------------
(Title of Class of Securities)
929753200
--------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*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 sub equent 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 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).
Page 1 of 18 pages
<PAGE> 2
CUSIP No. 929753200 13G Page 2 of 18 Pages
------------------ ----- ------
<TABLE>
<S> <C>
- -------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
B.A.T Industries p.l.c.
- -------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
England
- -------------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
NUMBER OF
SHARES --------------------------------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 5,930,000
REPORTING
PERSON --------------------------------------------------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
5,930,000
- -------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,930,000
- -------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
N.A.
- -------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.50%
- -------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 18 pages
<PAGE> 3
Item 4 of the Statement on Schedule 13G, dated February 6,
1996, filed by B.A.T Industries p.l.c., is hereby amended and restated to read
in its entirety as follows:
Item 4 Ownership:
- ------ ---------
(a) Amount Beneficially Owned:
5,930,000
(b) Percent of Class:
7.50%
(c) Number of shares as to which person has:
(i) Sole voting power: -0-
(ii) Shared voting power: 5,930,000
(iii) Sole disposition power: -0-
(iv) Shared disposition power: 5,930,000
Item 7 of the Statement on Schedule 13G, dated February 9,
1995, filed by B.A.T Industries p.l.c., is hereby amended and restated to read
in its entirety as follows:
Item 7 Identification and Classification of the Subsidiary Which
- ------ Acquired the Security Being Reported on by the Parent Holding
Company:
See Exhibit I.
Page 3 of 18 pages
<PAGE> 4
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.
B.A.T INDUSTRIES p.l.c.
Dated February 5, 1997 By: /s/ Anthony Robert Holliman
-----------------------------
Name: Anthony Robert Holliman
Title: Assistant Corporate Secretary
Page 4 of 18 pages
<PAGE> 5
Exhibit Index
<TABLE>
<CAPTION>
Exhibit Description Page Number
- ------- ------------ -----------
<S> <C> <C>
I Identification and Classification
of Subsidiaries 6
II Amendment No. 1, dated February 6, 1996 to
Schedule 13G, dated February 9, 1995 7
III Schedule 13G, dated February 9, 1995 11
Exhibit I to Schedule 13G, dated
February 9, 1995 18
</TABLE>
Page 5 of 18 pages
<PAGE> 1
Exhibit I to Amendment No. 2
The shares of WACE GROUP PLC which are the Subject of this
Schedule 13G were acquired by various investment funds for which subsidiaries
of B.A.T. act as manager and investment adviser and exercise investment
discretion. The identity of such subsidiaries is as follows:
Allied Dunbar Assurance plc
Allied Dunbar Centre
Swindon SN1 1EL
England
Allied Dunbar Unit Trusts plc
Allied Dunbar Centre
Swindon SN1 1EL
England
Eagle Star Unit Managers Limited
60 St. Mary Axe
London EC3A 8JQ
England
Eagle Pension Funds Limited
60 St. Mary Axe
London EC3A 8JQ
England
Each of the foregoing subsidiaries is an insurance company for
purposes of Item 3 of this Statement.
Page 6 of 18 pages
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OMB APPROVAL
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Exhibit II to Amendment No. 2
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1 )*
-----------
WACE GROUP PLC
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value 0.20p per share
- -------------------------------------------------------------------------------
(Title of Class of Securities)
929753200
----------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*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 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).
Page 7 of 18 pages
<PAGE> 2
CUSIP No. 929753200 13G Page 2 of 4 Pages
------------------- ----- -----
<TABLE>
<S> <C>
- -------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
B.A.T Industries p.l.c.
- -------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
England
- -------------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
NUMBER OF
SHARES --------------------------------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 6,745,000
REPORTING
PERSON --------------------------------------------------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
6,745,000
- -------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,745,000
- -------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
N.A.
- -------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.61%
- -------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 18 pages
<PAGE> 3
Item 4 of the Statement on Schedule 13G, dated February 9,
1995, filed by B.A.T Industries p.l.c., is hereby amended and restated to read
in its entirety as follows:
<TABLE>
<CAPTION>
Item 4 Ownership
- ------- ---------
<S> <C>
(a) Amount Beneficially Owned:
6,745,000
(b) Percent of Class:
8.61%
(c) Number of shares as to which person has:
(i) Sole voting power: -0-
(ii) Shared voting power: 6,745,000
(iii) Sole disposition power: -0-
(iv) Shared disposition power: 6,745,000
</TABLE>
Page 9 of 18 pages
<PAGE> 4
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.
B.A.T INDUSTRIES p.l.c.
Dated February 6, 1996 By: /s/ Anthony Robert Holliman
-----------------------------
Name: Anthony Robert Holliman
Title: Assistant Corporate Secretary
Page 10 of 18 pages
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OMB NUMBER: 3235-0145
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Exhibit III to Amendment No. 2
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
---------
WACE GROUP PLC
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value 0.20p per share
- -------------------------------------------------------------------------------
(Title of Class of Securities)
929753200
----------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [X]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of t is 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 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).
Page 11 of 18 pages
<PAGE> 2
CUSIP No. 929753200 13G Page 2 of 8 Pages
------------------ ----- -----
<TABLE>
<S> <C>
- -------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
B.A.T. Industries p.l.c.
- -------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
England
- -------------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
NUMBER OF
SHARES --------------------------------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 4,580,000
REPORTING
PERSON --------------------------------------------------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,580,000
- -------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,580,000
- -------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
N.A.
- -------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.80%
- -------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 12 of 18 pages
<PAGE> 3
<TABLE>
<S> <C>
Item 1(a). Name of Issuer:
- ----------
WACE GROUP PLC
Item 1(b). Address of Issuer's Principal Executive Office:
- ----------
Wace House
Shepherdess Walk
London N1 7LH
England
Item 2(a). Name of Person Filing:
- ----------
B.A.T Industries p.l.c., an English corporation ("B.A.T").
Item 2(b) Address of Principal Business Office or, if none,
- ---------- Residence:
B.A.T Industries p.l.c.
Windsor House
50 Victoria Street
London SW1H ONL
England
Item 2(c). Citizenship:
- ----------
England
Item 2(d). Title of Class of Securities:
- ----------
Common stock, par value 0.20p per share
Item 2(e). CUSIP Number: 929753200
- ----------
Item 3. This statement is filed pursuant to Rule 13d-1(b) by B.A.T,
- ---------- a Parent Holding Company, in accordance with
Section 240.13d-1(b)(ii)(G).
</TABLE>
Page 13 of 18 pages
<PAGE> 4
<TABLE>
Item 4. Ownership:
- -------
<S> <C>
(a) Amount Beneficially Owned:
4,580,000
The shares being reported were acquired by various
investment funds for which subsidiaries of B.A.T act as
manager and investment adviser and exercise investment
discretion. No such subsidiary beneficially owns in excess
of 5% of the class of shares for which this report is being
made. The filing of this statement by B.A.T. shall not be
construed as an admission that B.A.T. is, for the purposes
of Section 13(d) or 13(g) of the Act or under the laws or
regulations of the United Kingdom, the beneficial owner of
any securities covered by this statement.
(b) Percent of Class:
5.80%
(c) Number of shares as to which person has:
(i) sole voting power: - 0 -
(ii) shared voting power: 4,580,000
(iii) sole disposition power: - 0 -
(iv) shared disposition power: 4,580,000
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.
</TABLE>
Page 14 of 18 pages
<PAGE> 5
<TABLE>
<S> <C>
Item 9. Notice of Dissolution of the Group:
- -------
Not Applicable.
Item 10. Certification:
- --------
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of
and do not have the effect of changing or influencing the control of
the issuer of such securities and were not acquired in connection
with or as a participant in any transaction having such purposes or
effect.
</TABLE>
Page 15 of 18 pages
<PAGE> 6
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.
B.A.T INDUSTRIES p.l.c.
Dated February 9, 1995 By: /s/ A. R. Holliman
--------------------
Name: A. R. Holliman
Title: Assistant Corporate Secretary
Page 16 of 18 pages
<PAGE> 7
Exhibit Index
<TABLE>
<CAPTION>
Exhibit Description Page Number
- ------- ------------ -----------
<S> <C> <C>
I Identification and Classification 18
of Subsidiaries
</TABLE>
Page 17 of 18 pages
<PAGE> 8
Exhibit I
The shares of WACE which are the Subject of this Schedule
13G were acquired by various investment funds for which subsidiaries of B.A.T.
act as manager and investment adviser and exercise investment discretion. The
identity of such subsidiaries is as follows:
Allied Dunbar Unit Trusts plc
Allied Dunbar Centre
Swindon SN1 1EL
England
Allied Dunbar International Fund Managers Limited
Allied Dunbar International Centre
Lord Street
Douglas
Isle of Man
Eagle Star Unit Managers Limited
60 St. Mary Axe
London EC3A 8JQ
England
Each of the foregoing subsidiaries is an insurance company
for purposes of Item 3 of this Statement.
Page 18 of 18 pages
