<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES AND EXCHANGE ACT OF 1934
(AMENDMENT NO. 9)
Electrosource, Inc.
-----------------------------------------------------------
(Name of Issuer)
Common Stock
-----------------------------------------------------------
(Title of Class of Securities)
286150206
-----------------------------------------------------------
(CUSIP Number)
Corporate Secretary, Electrosource, Inc., 2809 Interstate 35
South, San Marcos, Texas 78666 (512) 753-6559
------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
March 20, 2000
-----------------------------------------------------------
(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 [ ].
<PAGE> 2
AMENDMENT NO. 9
TO
SCHEDULE 13D
<TABLE>
<S> <C>
1. Names of Reporting Persons
KAMKORP LIMITED
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
-----------
(b) X
-----------
3. SEC Use Only _________________________________________
4. Source of Funds (See Instructions) WC
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 12,000,000
8. Shared Voting Power NONE
9. Sole Dispositive Power 12,000,000
10. Shared Dispositive Power NONE
11. Aggregate Amount Beneficially Owned by Each Reporting Person
12,000,000
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) ______
13. Percent of Class Represented by Amount in Row (11) 72.0%
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)
-----------
(b) X
-----------
3. SEC Use Only__________________________________________
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) __________________
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
-------
13. Percent of Class Represented by Amount in Row (11) 0
14. Type of Reporting Person (See Instructions) IN
</TABLE>
<PAGE> 3
AMENDMENT NO. 9
TO
SCHEDULE 13D
This Amendment No. 9 (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
On March 20, 2000, Kamkorp acquired from the issuer 650,000 shares of
Common Stock of Electrosource (the "Reported Shares") for $650,000. The source
of funds for the purchase of the Reported Shares is working capital of the
Kamkorp Limited consolidated group.
ITEM 4. PURPOSE OF TRANSACTION
(a) On March 20, 2000, Kamkorp purchased the Reported Shares pursuant to
a notice transmitted to Electrosource from Kamkorp as contemplated by the Second
Option. The purchase of the Reported Shares is part of a series of contemplated
transactions that have resulted in the acquisition of control of Electrosource.
After the purchase of the Reported Shares, 723,500 shares remain
eligible for purchase under the Second Option on or before April 27, 2000.
Assuming full exercise of the Option and the Second Option, Kamkorp will obtain
approximately 72.0% of the voting securities of Electrosource.
(e) The purchase of the Reported Shares are 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
(a) See Item 4.
(b) See Item 4.
(c) See Item 4.
<PAGE> 4
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
- ---------------------------
By: Kamal Siddiqi
Chairman, Kamkorp Limited
Date: April 14, 2000
/s/ Kamal Siddiqi
- ---------------------------
By: Kamal Siddiqi
Date: April 14, 2000
/s/ Clifford Winckless
- ---------------------------
By: Clifford Winckless
Date: April 14, 2000
/s/ Roger Musson
- ---------------------------
By: Roger Musson
Date: April 14, 2000
Schedule 13D Amendment No. 9
