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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[ X] Form 4 Transactions Reported
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1. Name and Address of Reporting Person*
Softline Limited
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(Last) (First) (Middle)
16 Commerce Crescent, Eastgate Extension 13
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(Street)
Sandton 2148 South Africa
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
SVI Holdings, Inc. (SVI)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
March 1999
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing
(Check applicable line)
[X] Form filed by one Reporting Person
[ ] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<CAPTION>
5. 6.
4. Amount of Owner-
Securities Acquired (A) or Securities ship
Disposed of (D) Beneficially Form: 7.
(Instr. 3, 4 and 5) Owned at End Direct Nature of
2. 3. ----------------------------- of Issuer's (D) or Indirect
1. Transaction Transaction (A) Fiscal Year Indirect Beneficial
Title of Security Date Code Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) (Instr. 8) (D) & 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 05/27/98 A4 119,869 A See Note 1 16,683,994 D
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Common Stock 12/31/98 A4 28,125 A See Note 2 D
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Note 1: On May 27, 1998, the Issuer agreed to issue 119,869 shares to Softline
Limited to reimburse it for $546,902 in costs borne by Softline Limited in
connection with the acquisition of Triple-S Computers Pty. Limited by a
subsidiary of the Issuer. The shares were valued at the $4.56 close price
reported on the OTC Bulletin Board on that date. The certificates for such
shares were not issued until March 31, 1999.
Note 2: On December 31, 1998, the Issuer agreed to issue 28,125 shares to
Softline Limited to reimburse it for costs borne by Softline Limited in
connection with the acquisition of the "compAssess" product by a subsidiary of
the Issuer. The shares were valued at the $7.31 closing price on American Stock
Exchange on that date. The certificates for such shares were not issued until
March 31, 1999.
* If the form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 1 of 2
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FORM 5 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially
Owned (e.g., puts, calls, warrants, options, convertible securities)
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<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- Securities Date Securities Price Bene- ity: In-
cise 3. Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- 4. or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Trans- of (D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date action (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ Code 4 and 5) Date Expira- Number ity Year (I) ship
Security Secur- Day/ (Instr. ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) 8) (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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</TABLE>
Explanation of Responses:
/s/ David L. Reese, as attorney
in fact for Softline Limited July 8, 1999
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Alternatively, this Form is permitted to be submitted to the Commission in
electronic format at the option of the reporting person pursuant to Rule
101(b)(4) of Regulation S-T.
Page 2 of 2
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POWER OF ATTORNEY
(U.S. SEC Filings only)
The undersigned, an officer, director or holder of 10% or more of the
outstanding voting securities of SVI Holdings, Inc. ("SVI"), hereby appoints
David L. Reese, Chief Financial Officer of SVI, as attorney in fact for the
undersigned, to act in the place of the undersigned for the purpose of executing
and filing on behalf of the undersigned all reports required to be filed by the
undersigned, in its capacity as an officer, director or holder of 10% or more of
the outstanding voting securities of SVI, pursuant to Section 16(a) of the
Securities and Exchange Act of 1934, as amended.
The foregoing appointment shall remain in effect until revoked in
writing by the undersigned or until six months following the dateon which the
undersigned is no longer an officer, director or holder of 10% or more of the
outstanding voting securities of SVI.
Executed this 16th day of June, 1998.
By: /S/ STEVEN COHEN
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Print Name: STEVEN COHEN
Executed as or on behalf of:
Officer
Director
X Holder of more than 10% of the outstanding voting securities of SVI
Holdings, Inc.
