SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
PETROFINA
----------------------
(Name of Issuer)
Ordinary Voting Shares
-------------------------------------
(Title of Class of Securities)
716485206
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(CUSIP Number)
Alain-Marc Irissou
General Counsel
TOTAL FINA S.A.
Tour TOTAL
24, cours Michelet
La Defense 10
92800 Puteaux, France
(011-33-1) 41-35-40-00
-------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
With a copy to:
Jere R. Thomson, Esq.
Jones, Day, Reavis & Pogue
599 Lexington Avenue
New York, New York 10022
(212) 326-3939
August 20, 1999
-----------------------------------------------------------
(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 |_|.
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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
disclosures provided in a prior cover page.
The information required on 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 8 Pages
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CUSIP No. 716485206 Page 2 of 8 Pages
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1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Total Fina S.A.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) or (e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
23,248,844
--------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY --------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 23,248,844
WITH: --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,248,844
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
98.76%
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14 TYPE OF REPORTING PERSON*
OO (societe anonyme)
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CUSIP No. 716485206 Page 3 of 8 Pages
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This Statement amends and supplements the Schedule 13D filed with the
Securities and Exchange Commission on April 9, 1999 by Total, a French societe
anonyme ("Total") (renamed Total Fina S.A. ("Total Fina") on June 14, 1999), as
amended from time to time.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is hereby amended and supplemented by adding thereto the following text:
"The exchange offer made in Belgium for PetroFina shares was reopened from
June 30 to July 28, 1999 with respect to PetroFina shares received upon the
exercise of outstanding employee warrants. The offers made to such employees
were made at the exchange ratio of 9 Total Fina shares for 2 PetroFina shares. A
total of 80,356 PetroFina shares were tendered during the reopening of this
exchange offer."
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended and supplemented by deleting subitems (a) and (b)
thereto and replacing them with the following text.
"(a) Total directly and beneficially owns 23,248,844 PetroFina Shares,
which constituted 98.76% all of the issued and outstanding PetroFina
Shares, as of August 31, 1999.
(b) Total has the power to vote and dispose of such 23,248,844 PetroFina
Shares, subject to the restriction described in Item 6 below."
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CUSIP No. 716485206 Page 4 of 8 Pages
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SIGNATURE
After reasonable inquiry and to the best of his knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Dated: September 22, 1999
Total Fina S.A.
/s/ Charles Paris de Bollardiere
----------------------------------
Charles Paris de Bollardiere
Treasurer
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CUSIP No. 716485206 Page 5 of 8 Pages
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Schedule I is hereby amended and supplemented by deleting Schedule I in its
entirety and replacing it with the following text:
SCHEDULE I
DIRECTORS AND EXECUTIVE OFFICERS
1. Directors of Total Fina. The following table sets forth the name, present
principal occupation and the employment history for the past five years of each
director of Total Fina. Unless otherwise indicated, each of the following
persons is a citizen of France, their business address is 24 cours Michelet, La
Defense 10, 92800 Puteaux, France and each occupation set forth opposite an
individual's name refers to employment with Total Fina. The dates indicated are
as of the annual general meeting held that year.
<TABLE>
<CAPTION>
Board Current Current Position and Present Principal
Member Term Occupation or Employment; Material
Name Since Expires Positions Held During Past Five Years
---- ------ ------- --------------------------------------
<S> <C> <C> <C>
Thierry Desmarest.......................... 1995 2001 Chairman and Chief Executive Officer of
Total Fina (1995 - Present), Chief
Executive Officer of Total Exploration
Production (1989 - 1995)
Francois-Xavier Ortoli..................... 1984 2000 Honorary Chairman of Total Fina (1990 -
Present)
Jerome Monod.............................. 1986 2001 Chairman of the Supervisory Board of
Suez Lyonnaise Des Eaux (1977 - Present),
Chairman and Chief Executive Officer of
Lyonnaise Des Eaux (1980 - 1997)
Michel Francois-Poncet..................... 1987 2002 Chairman of the Supervisory Board of
Paribas (1990 - Present)
Serge Tchuruk.............................. 1989 2001 Chairman and Chief Executive Officer of
Alcatel (1995 - Present), Chairman and
Chief Executive Officer of Total Fina
(1990 - 1995)
Jean Syrota................................ 1993 2002 Chairman and Chief Executive Officer of
Compagnie Generale Des Matieres Nucleaires
(COGEMA) (1988 - 1999)
Antoine Jeancourt-Galignani................ 1994 2000 Chairman and Chief Executive Officer of Assurances
Generales De France (1994 -Present)
Lord Alexander of Weedon, Q.C. 1996 2002 Chairman of Natwest Group (1989 - 1999). Citizen
of the United Kingdom.
Professor Bertrand Jacquillat.............. 1996 2002 Co-founder and Chairman and Chief Executive
Officer of Associes en Finance (1991 -
Present)
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</TABLE>
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CUSIP No. 716485206 Page 6 of 8 Pages
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<TABLE>
<S> <C> <C> <C>
Baron Albert Frere......................... 1999 2001 Chairman and Managing Director of
Bruxelles Lambert S.A. (Before 1997 -
Present). Citizen of Belgium.
Thierry de Rudder.......................... 1999 2001 Managing Director of Groupe Bruxelles
Lambert S.A. (Before 1994 - Present).
Citizen of Belgium and France.
Honorable Paul Desmarais................... 1999 2001 Chairman of the Executive Committee of Power
Corporation of Canada (Before 1994 -
Present). Citizen of Canada.
John J. Goossens .......................... 1999 2002 Chairman and Chief Executive Officer of
Belgacom. Citizen of Belgium.
- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
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CUSIP No. 716485206 Page 7 of 8 Pages
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2. Executive Officers of Total Fina. The following table sets forth the name and
present principal occupation of each executive officer of Total Fina. Unless
otherwise indicated, each of the following persons is a citizen of France, their
business address is Tour Total, 24 cours Michelet, La Defense 10, 92800 Puteaux,
France and each occupation set forth opposite an individual's name refers to
employment with Total Fina.
<TABLE>
<CAPTION>
Executive
Name Position Officer Since
---- -------- -------------
<S> <C> <C>
Thierry Desmarest Chairman and Chief Executive Officer 1989
Francois Cornelis Deputy Chairman of the Executive Committee 1999
Alain Madec Executive Vice-President; President of Strategy 1990
and Finance
Jean-Pierre Vettier Executive Vice-President; President of the 1990
Refining and Marketing Division
Robert Castaigne Executive Vice-President; Chief Financial 1990
Officer
Jean-Pierre Seeuws Executive Vice-President; President of the 1990
Chemicals Division
Christophe de Margerie Executive Vice-President; President of the
Exploration and Production Division 1992
Claude Brice Vice-President; Senior Vice-President 1994
Exploration and Production Africa and
Mediterranean Basin
Michel Benezit Vice-President; Executive Vice-President, 1995
Exploration and Production Division
Jean-Claude Company Vice-President; Senior Vice-President Refining 1995
Europe
Ian Howat Vice-President Strategy and Corporate 1995
Planning, Secretary of the Executive Committee
Hugues Woestelandt Vice-President; Executive Vice-President, 1998
Chemicals Division
Jean-Jacques Guilbaud Vice-President; Senior Vice-President Human 1998
Resources and Corporate Communications
Wayne Brenckle (Belgium) Vice-President; Senior Vice-President, Refining 1999
Pierre-Marie De Leener Vice-President; Managing Director, Paints 1999
(The Netherlands)
Axel de Broqueville Vice-President; Senior Vice-President, 1999
Petrochemicals
</TABLE>
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CUSIP No. 716485206 Page 8 of 8 Pages
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<TABLE>
<S> <C> <C>
Alain Champeaux Vice-President; Senior Vice-President, 1999
Marketing Europe
Patrick Rambaud Vice-President; Senior Vice-President, Middle
East 1999
Charles Paris de Bollardiere Treasurer 1999
</TABLE>
