SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13D
Amendment Number 3
Under the Securities Exchange Act of 1934
Transportacion Maritima Mexicana SA de CV
(Name of Issuer)
ADRs
(Title of Class of Securities)
893868208
(CUSIP Number)
Arthur Goetchius
300 Park Avenue, 21st Fl., New York, NY 10022 (212) 755-9395
(Name, address and telephone number of person
authorized to receive notices and communications)
February 6, 1998
(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 [ ].
Check the following box if a fee is being paid with the
statement [ ]. (A fee is not required only if the reporting person: (1) has
a previous statement on file reporting beneficial ownership of more than five
percent of the class of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership of five percent or
less of such class.) (See Rule 13d-7.)
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 the disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for purposes 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 18 page
13D
CUSIP No. 893868208
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
EGS Associates, L.P.
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
WC
- ------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 253,810
- ------------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING 0
- ------------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
253,810
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
253,810
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
1.79%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
PN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 18 pages
13D
CUSIP No. 893868208
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
EGS Partners, L.L.C.
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF
- ------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 872,225
- ------------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
877,410
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
877,410
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
6.18%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IA
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 18 page
13D
CUSIP No. 893868208
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Bev Partners, L.P.
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
WC
- ------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 126,180
- ------------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
126,180
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
126,180
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.89%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
PN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 18 page
13D
CUSIP No. 893868208
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Jonas Partners, L.P.
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
WC
- ------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 15,000
- ------------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
15,000
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
15,000
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.11%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
PN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 18 page
13D
CUSIP No. 893868208
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
William Ehrman
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF
- ------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,267,215
- ------------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,272,400
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,272,400
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
8.96%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 18 page
13D
CUSIP No. 893868208
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Frederic Greenberg
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF
- ------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,267,215
- ------------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,272,400
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,272,400
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
8.96%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 18 page
13D
CUSIP No. 893868208
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Frederick Ketcher
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF
- ------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,267,215
- ------------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,272,400
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,272,400
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
8.96%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 18 pages
13D
CUSIP No. 893868208
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Jonas Gerstl
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF
- ------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,267,215
- ------------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,272,400
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,272,400
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
8.96%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 18 page
13D
CUSIP No. 893868208
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
James McLaren
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF
- ------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,267,215
- ------------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,272,400
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,272,400
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
8.96%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 18 page
13D
CUSIP No. 893868208
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
William Lautman
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF
- ------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,267,215
- ------------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,272,400
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,272,400
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
8.96%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 18 page
The Schedule 13D, initially filed on October 1, 1997, of (i) EGS
Associates, L.P., a Delaware limited partnership ("EGS Associates"), (ii) EGS
Partners, L.L.C., a Delaware limited liability company ("EGS Partners"), (iii)
Bev Partners, L.P., a Delaware limited partnership ("Bev Partners"), (iv)
Jonas Partners, L.P., a Delaware limited partnership ("Jonas Partners"), (v)
William Ehrman, (vi) Frederic Greenberg, (vii) Frederick Ketcher, (viii) Jonas
Gerstl, (ix) James McLaren and (x) William D. Lautman, relating to the
American Depository Receipts (the "ADRs") (each ADR representing one Series
"L" share of Common Stock) (the "Shares")issued by Transportacion Maritima
Mexicana SA de CV (the "Company"), is hereby amended by this Amendment No. 3
to the Schedule 13D as follows:
Item 3 is hereby amended and restated in its entirety as follows:
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The net investment cost (including commissions, if any) of the ADRs
beneficially owned by EGS Associates, EGS Partners, Bev Partners, and Jonas
Partners is approximately $1,828,521, $6,524,635, $924,047, and $107,400,
respectively.
Messrs. Ehrman, Greenberg, Ketcher, Gerstl, McLaren and Lautman
currently own no Shares or ADRs.
The ADRs purchased by each of EGS Associates, Bev Partners, and
Jonas Partners were purchased with the investment capital of the respective
entities and with investment capital of each discretionary account under
management of EGS Partners.
The ADRs beneficially owned by EGS Associates, EGS Partners, Bev
Partners, and Jonas Partners are held in their respective commingled margin
accounts, or in the case of EGS Partners, in margin and non-margin accounts
held by each discretionary account under its management. Such margin accounts
are maintained at NationsBanc Montgomery Securities, Inc. and may from time to
time have debit balances. Since other securities are held in such margin
accounts, it is not possible to determine the amounts, if any, of margin used
with respect to the ADRs purchased. Non-margin accounts are maintained at
Bankers Trust Company. Currently, the interest rate charged on such various
margin accounts is approximately 8.25% per annum.
Item 5 is hereby amended and restated in its entirety as follows:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The approximate aggregate percentage of Shares reported
beneficially owned by each person herein is based on 14,198,884 Shares
outstanding, which is the total number of Shares outstanding as of December
31, 1996, as reflected in the Company's Form 20-F filed with the Securities
and Exchange Commission for the period ended December 31, 1996 (which is the
most recent Form 20-F on file).
Page 12 of 18 pages
As of the close of business on February 6, 1998:
(i) EGS Associates owns beneficially 253,810 Shares,
constituting approximately 1.79% of the Shares outstanding.
(ii) EGS Partners owns directly no Shares. By reason of the
provisions of Rule 13D-3 of the Securities Exchange Act of 1934, as amended
(the "Act"), EGS Partners may be deemed to own beneficially 877,410 Shares,
constituting approximately 6.18% of the Shares outstanding, purchased for
discretionary accounts managed by it.
(iii) Bev Partners owns beneficially 126,180 Shares,
constituting less than 1% of the Shares outstanding.
(iv) Jonas Partners owns 15,000 Shares, constituting less than
1% of the Shares outstanding.
Messrs. Ehrman, Greenberg, Gerstl, Ketcher, McLaren and Lautman own
directly no Shares.
The Reporting Persons' ownership reported herein is through
ownership of related ADRs.
By reason of the provisions of Rule 13D-3 of the Act, each of the
General Partners may be deemed to own the 253,810 shares beneficially owned by
EGS Associates, the 877,410 shares beneficially owned by EGS Partners, the
126,180 shares beneficially owned by Bev Partners, and the 15,000 shares
beneficially owned by Jonas Partners. When the shares beneficially owned by
EGS Associates, EGS Partners, Bev Partners and Jonas Partners are aggregated,
they total 1,272,400 Shares, constituting approximately 8.96% of the Shares
outstanding.
(vi) In the aggregate, the Reporting Persons beneficially own a
total of 1,272,400 Shares, constituting approximately 8.96% of the Shares
outstanding.
(b) (i) Each of EGS Associates, EGS Partners (with respect
to shares held by discretionary accounts), Bev Partners, and Jonas Partners
has the power to vote and to dispose of the Shares beneficially owned by it,
which power may be exercised by the General Partners. Each of the
discretionary accounts is a party to an investment management agreement with
EGS Partners pursuant to which EGS Partners has investment authority with
respect to securities held in such account.
(c) The trading dates, number of ADRs purchased or sold and
price per share for all transactions in the ADRs from the 60th day prior to
February 6, 1998 until February 6, 1998 by EGS Associates, Bev Partners and
EGS Partners are set forth in Schedules A, B and C, respectively, and were all
effected on the New York Stock Exchange. During such period, Jonas Partners
and Messrs. Ehrman, Greenberg, Ketcher, Gerstl, McLaren and Lautman did not
enter into any transactions in the ADRs.
Page 13 of 18 page
(d) No person other than each respective record owner of ADRs
referred to herein is known to have the right to receive or the power to
direct the receipt of dividends from or the proceeds of sale of such ADRs.
Page 14 of 18 pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
DATED:
- --------------------------------
Frederic Greenberg, as Attorney-in-Fact
for William Ehrman, individually and as
general partner of each of EGS ASSOCIATES,
L.P., BEV PARTNERS, L.P., JONAS PARTNERS,
L.P., and as member
EGS PARTNERS, L.L.C.
- ---------------------------------
Frederic Greenberg, individually and as
general partner of each of EGS ASSOCIATES,
L.P., BEV PARTNERS, L.P., JONAS PARTNERS,
L.P., and as member
EGS PARTNERS, L.L.C.
- ---------------------------------
Frederick Ketcher, individually and as
general partner of each of EGS ASSOCIATES,
L.P., BEV PARTNERS, L.P., JONAS PARTNERS,
L.P., and as member
EGS PARTNERS, L.L.C.
- ---------------------------------
Jonas Gerstl, individually and as general
partner of each of EGS ASSOCIATES, L.P.,
BEV PARTNERS, L.P., JONAS PARTNERS, L.P.,
and as member
EGS PARTNERS, L.L.C.
- ---------------------------------
James McLaren, individually and as general
partner of each of
EGS ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P., and as member EGS
PARTNERS, L.L.C.
- ---------------------------------
William Lautman, individually and as
general partner of each of EGS ASSOCIATES,
L.P., BEV PARTNERS, L.P., JONAS PARTNERS,
L.P., and as member EGS PARTNERS, L.L.C.
Page 15 of 18 page
Schedule A
EGS Associates, L.P.
Transactions in the ADRs
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
12/19/97 18,000 $7.31
12/29/97 10,000 $7.44
1/8/98 2,500 $7.12
1/20/98 5,000 $7.19
2/6/98 5,000 $7.31
Page 16 of 18 page
Schedule B
EGS Partners, L.L.C.
Transactions in the ADRs
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
12/12/97 15,000 $6.94
12/15/97 10,000 $7.31
12/17/97 1,000 $7.25
12/18/97 9,000 $7.43
12/23/97 10,000 $7.31
12/24/97 2,000 $7.30
12/29/97 10,000 $7.44
12/31/97 10,000 $7.37
1/2/98 15,000 $7.50
1/5/98 10,000 $7.47
1/7/98 10,000 $7.25
1/8/98 10,000 $7.12
1/9/98 9,800 $7.00
1/12/98 5,000 $7.05
1/20/98 10,000 $7.19
1/22/98 5,000 $6.56
1/23/98 10,000 $6.37
1/26/98 5,000 $6.50
1/27/98 12,300 $6.66
1/30/98 1,500 $6.81
2/2/98 15,000 $7.12
2/3/98 15,000 $7.45
2/4/98 15,000 $7.44
2/6/98 8,000 $7.42
Page 17 of 18 pages
Schedule C
Bev Partners, L.P.
Transactions in the ADRs
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
1/28/98 5,000 $6.75
Page 18 of 18 pages
