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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES AND EXCHANGE ACT OF 1934
(AMENDMENT NO. 5)
Electrosource, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
286150206
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(CUSIP Number)
Corporate Secretary, Electrosource, Inc., 2809 Interstate 35
South, San Marcos, Texas 78666 (512) 753-6559
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
February 16, 1999 and March 12, 1999
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(Date of Event which Requires Filing of this Statement)
IF THE FILING PERSON HAS PREVIOUSLY FILED A STATEMENT ON SCHEDULE 13G TO REPORT
THE ACQUISITION WHICH IS THE SUBJECT OF THIS SCHEDULE 13D, AND IS FILING THIS
SCHEDULE BECAUSE OF RULE 13d-1(b)(3) OR (4), CHECK THE FOLLOWING BOX [ ].
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AMENDMENT NO. 5
TO
SCHEDULE 13D
1. Names of Reporting Persons
KAMKORP LIMITED
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
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(b) X
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3. SEC Use Only
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4. Source of Funds (See Instructions) WC
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
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6. Citizenship or Place of Organization ENGLAND
7. Sole Voting Power 9,000,000
8. Shared Voting Power NONE
9. Sole Dispositive Power 9,000,000
10. Shared Dispositive Power NONE
11. Aggregate Amount Beneficially Owned by Each Reporting Person 9,000,000
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
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13. Percent of Class Represented by Amount in Row (11) 66.5%
14. Type of Reporting Person (See Instructions) CO
1. Names of Reporting Persons
KAMAL SIDDIQI
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
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(b) X
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3. SEC Use Only
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4. Source of Funds (See Instructions) WC (OF KAMKORP LIMITED)
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
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6. Citizenship or Place of Organization INDIAN
7. Sole Voting Power NONE
8. Shared Voting Power NONE
9. Sole Dispositive Power NONE
10. Shared Dispositive Power NONE
11. Aggregate Amount Beneficially Owned by Each Reporting Person 0
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) X
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13. Percent of Class Represented by Amount in Row (11) 0
14. Type of Reporting Person (See Instructions) IN
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AMENDMENT NO. 5
TO
SCHEDULE 13D
This Amendment No. 5 (this "Amendment") supplements the statement on
Schedule 13D filed with respect to an event occurring on June 2, 1998 and filed
by Kamkorp Limited ("Kamkorp"), Kamal Siddiqi, Clifford Graham Winckless and
Roger Geoffrey Musson on June 12, 1998 (the "Initial Filing") relating to the
common stock, par value $1.00 per share ("Common Stock") of Electrosource, Inc.,
a Delaware corporation ("Electrosource"). Capitalized terms used herein without
definition have the same meanings attributed to them in the Initial Filing.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Kamkorp acquired from the issuer 600,000 shares of Common Stock of
Electrosource for $600,000 (the "Reported Shares"). The source of funds is
working capital of the Kamkorp Limited consolidated group. One half of the
Reported Shares was acquired on February 16, 1999, and one half was acquired on
March 12, 1999.
ITEM 4. PURPOSE OF TRANSACTION
(a) On February 16, 1999 and March 12, 1999, Kamkorp purchased the
Reported Shares in response to notices transmitted to Kamkorp from Electrosource
as contemplated by the Stock Purchase Agreement. The acquisition of the Reported
Shares took place under the terms of the Stock Purchase Agreement and are part
of the remaining 2,100,000 shares that Kamkorp had the right to purchase under
the Stock Purchase Agreement after the purchases of Common Stock of
Electrosource reported in the Initial Filing and amendments filed prior to this
Amendment. The purchase of the Reported Shares is part of a series of
contemplated transactions that, if consummated, will result in the acquisition
of control of Electrosource.
(e) The purchase of the Reported Shares is expected to have a material
effect on the capitalization of Electrosource. Kamkorp has no present plan to
seek a change in Electrosource's dividend policy.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(c) See Item 4.
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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. Kamkorp Limited and Kamal Siddiqi agree to the filing of this combined
report.
/s/ Kamal Siddiqi
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By: Kamal Siddiqi
Chairman, Kamkorp Limited
Date: April 5, 1999
/s/ Kamal Siddiqi
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By: Kamal Siddiqi
Date: April 5, 1999
/s/ Clifford Winckless
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By: Clifford Winckless
Date: April 5, 1999
/s/ Roger Musson
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By: Roger Musson
Date: April 5, 1999
Schedule 13D Amendment No. 5
