UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
LEISUREPLANET HOLDINGS, LTD.
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NAME OF ISSUER:
Common Stock (Par Value $.01)
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TITLE OF CLASS OF SECURITIES
G54467108
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CUSIP NUMBER
December 31, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule
pursuant to which this Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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CUSIP No. G54467108 13G Page 2 of 6 Pages
1. NAMES OF REPORTING PERSONS
UBS AG 98-0186363
2. CHECK THE APPROPRIATE BOX IF A MEMBER
(a) [ ]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OF PLACE OF ORGANIZATION
Switzerland
5 SOLE VOTING POWER
1,379,310
NUMBER OF
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 1,379,310
8 SHARED DISPOSITIVE POWER
0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,379,310
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
17.45%
12. TYPE OF REPORTING PERSON*
BK
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CUSIP No. G54467108 13G Page 3 of 6 Pages
Item l(a). Name of Issuer:
LEISUREPLANET HOLDINGS, LTD.(the "Issuer")
Item 1(b). Address of Issuer's Principal Executive Offices:
Clarendon House, Church Street, Hamilton, HM CX, Bermuda
Item 2(a). Name of Person Filing:
UBS AG
Item 2(b). Address of Principal Business Office or, if none, Residence:
Bahnhofstrasse 45, 8021, Zurich, Switzerland
Item 2(c). Citizenship:
Switzerland
Item 2(d). Title of Class of Securities:
common stock, par value $.01 per share (the "Common Stock")
Item 2(e). CUSIP Number:
G54467108.
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CUSIP No. G54467108 13G Page 4 of 6 Pages
Item 3. If this statement is filed pursuant to Rules 13d-l(b), or
13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of
the Act;
(b)* [X ] Bank as defined in section 3(a)(6) of the Act;
(c) [ ] Insurance Company as defined in section 3(a)(19)
of the Act;
(d) [ ] Investment Company registered under section 8 of
the Investment Company Act of 1940;
(e) [ ] An investment adviser in accordance with Rule
13 d- 1 (b)(l)(ii)(E);
(f) [ ] An employee benefit plan, or endowment fund in
accordance with Rule 13d- 1 (b)(I)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with Rule 13d-1 (b)(1)(ii)(G);
(h) [ ] A savings association as defined in section 3(b)
of the Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition
of an investment company under section 3(c)(14) of
the Investment Company Act of 1940;
(j) [ ] Group, in accordance with Rule 13 d-1(b)(1)(ii)(J).
* UBS AG is classified as a Bank as defined in section
3(a)(6) of the Act pursuant to no action relief granted
by the staff of the Securities and Exchange Commission.
If this statement is filed pursuant to Rule 13d-1(c), check this
box. [ ]
Item 4. Ownership.
(a) Amount beneficially owned:
1,379,310
(b) Percent of class:
17.45%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
1,379,310
(ii) Shared power to vote or to direct the vote:
0
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CUSIP No. G54467108 13G Page 5 of 6 Pages
(iii) Sole power to dispose or to direct the
disposition of:
1,379,310
(iv) Shared power to dispose or to direct the
disposition of:
0
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. Certification.
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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CUSIP No. G54467108 13G Page 6 of 6 Pages
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.
Dated: June 30, 2000
UBS AG
By: /s/ Robert C. Dinerstein
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Name: Robert C. Dinerstein
Title: Managing Director
By: /s/ Robert B. Mills
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Name: Robert C. Mills
Title: Managing Director
