UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Industrie Natuzzi SPA
----------------------
(Name of issuer)
Ordinary Shares
------------------------------
(Title of class of securities)
456478106
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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:
[ ] Rule 13d-1 (b)
[X] Rule 13d-1 (c)
[ ] Rule 13d-1 (d)
<PAGE>
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CUSIP No. 456478106 13G Page 2 of 10 Pages
- --------------------- ----------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Deutsche Bank A.G.
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Federal Republic of Germany
- ---------------------------- ------ --------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
0
------ --------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY 6 1,354,052
------ --------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 7 0
------ --------------------------------------------
PERSON WITH SHARED DISPOSITIVE POWER
8 1,715,596
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,715,596*
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.0%**
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12 TYPE OF REPORTING PERSON
HC, BK, CO
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* Included in this figure are the securities reported by Deutsche Asset
Management Group Limited and Deutsche Asset Management Limited on the following
cover pages.
** Included in this percentage are the percentages of securities reported by
Deutsche Asset Management Group Limited and Deutsche Asset Management Limited on
the following cover pages.
<PAGE>
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CUSIP No. 456478106 13G Page 3 of 10 Pages
- --------------------- ----------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Deutsche Asset Management Group Limited
(f/k/a Morgan Grenfell Asset Management Limited)
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
England and Wales
- ------------------------------ ------- -----------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
0
------- -----------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY 6 1,334,812
------ ------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 7 0
------ ------------------------------------------
PERSON WITH SHARED DISPOSITIVE POWER
8 1,696,356
- -------- -----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,696,356*
- -------- -----------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [_]
- -------- -----------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.0%**
- -------- -----------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
HC
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* Included in this figure are the securities reported by Deutsche Asset
Management Limited on the following cover page.
** Included in this percentage is the percentage of securities reported by
Deutsche Asset Management Limited on the following cover page.
<PAGE>
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CUSIP No. 456478106 13G Page 4 of 10 Pages
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- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Deutsche Asset Management Limited
(f/k/a Morgan Grenfell Investment Management Limited)
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
England and Wales
- ---------------------------- ------ --------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
0
------ --------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY 6 1,275,956
------ --------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 7 0
------ --------------------------------------------
PERSON WITH SHARED DISPOSITIVE POWER
8 1,637,500
- -------- -----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,637,500
- -------- -----------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [_]
- -------- -----------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.9%
- -------- -----------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IA
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<PAGE>
Item 1(a). Name of Issuer:
Industrie Natuzzi SPA (the "Issuer")
Item 1(b). Address of Issuer's Principal Executive Offices:
The address of the Issuer's principal executive offices is Via
Iazzitiello 47, 70029 Santeramo, Italy L6.
Item 2(a). Name of Person Filing:
This statement is filed on behalf of Deutsche Bank AG ("DBAG"),
Deutsche Asset Management Group Limited ("DAMG") and Deutsche Asset Management
Limited ("DAML" and, together with DBAG and DAMG, the "Reporting Persons"). This
Schedule 13G/A is being filed pursuant to Rule 13d-2(b).
Item 2(b). Address of Principal Business Office or, if none, Residence:
The principal place of business of DBAG is Taunusanlage 12, D-60325,
Frankfurt am Main, Federal Republic of Germany.
The principal place of business of DAMG is 20 Finsbury Circus, London,
EC2M 1NB, England.
The principal place of business of DAML is 20 Finsbury Circus, London,
EC2M 1NB, England.
Item 2(c). Citizenship:
The citizenship of each of the Reporting Persons is set forth on the
applicable cover page.
Item 2(d). Title of Class of Securities:
The title of the securities is ordinary shares, which also includes
securities held in the form of American Depositary Receipts (the "Ordinary
Shares").
Item 2(e). CUSIP Number:
The CUSIP number of the Ordinary Shares is set forth on each cover
page.
Item 3. If this statement is filed pursuant to Rules 13d-1(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) [_] 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 13d-1
(b)(1)(ii)(E);
(f) [_] An employee benefit plan, or endowment fund in accordance
with Rule 13d-1 (b)(1)(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 13d-1 (b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1 (c), check this box.
[X]
Item 4. Ownership.
(a) Amount beneficially owned:
Each of the Reporting Persons owns the amount of the Ordinary
Shares as set forth on the applicable cover page.
(b) Percent of class:
Each of the Reporting Persons owns the percentage of the Ordinary
Shares as set forth on the applicable cover page.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Each of the Reporting Persons has the sole power to vote or
direct the vote of the Ordinary Shares as set forth on the
applicable cover page.
(ii) shared power to vote or to direct the vote:
Each of the Reporting Persons has the shared power to vote
or direct the vote of the Ordinary Shares as set forth on the
applicable cover page.
(iii) sole power to dispose or to direct the disposition of:
Each of the Reporting Persons has the sole power to dispose
or direct the disposition of the Ordinary Shares as set forth on
the applicable cover page.
(iv) shared power to dispose or to direct the disposition of:
Each of the Reporting Persons has the shared power to
dispose or direct the disposition of the Ordinary Shares as set
forth on the applicable cover page.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the
date hereof the reporting persons have ceased to be the beneficial owners of
more than five percent of the class of securities check the following [x].
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Investment management clients of the Reporting Persons have the
ultimate right to any dividends from Ordinary Shares and the proceeds from the
sale of Ordinary Shares.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
The following are subsidiaries of DBAG and/or DAMG which hold Ordinary
Shares included in the figures on the cover pages: Deutsche Asset Management
Limited, Deutsche Asset Management (International) Limited, Deutsche Asset
Management Investment Services Limited and Deutsche Morgan Grenfell Trust Bank
Limited.
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.
<PAGE>
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: February 14, 2000
DEUTSCHE BANK AG
By:/s/ Dr. Dieter Eisele
------------------------------------
Name: Dr. Dieter Eisele
Title: Group Head of Compliance
By:/s/ Dr. Rainer Grimberg
------------------------------------
Name: Dr. Rainer Grimberg
Title: Vice President
<PAGE>
Exhibit 1
Consent of Deutsche Asset Management Group Limited
The undersigned agrees that the Schedule 13G/A executed by Deutsche
Bank AG to which this statement is attached as an exhibit is filed on behalf of
Deutsche Bank AG, Deutsche Asset Management Group Limited and Deutsche Asset
Management Limited pursuant to Rule 13d-1(k)(1) of the Securities Exchange Act
of 1934.
Dated: February 14, 2000
DEUTSCHE ASSET MANAGEMENT GROUP LIMITED
By:/s/ William Slattery
Name: William Slattery
Title: Head of Business Risk
<PAGE>
Exhibit 2
Consent of Deutsche Asset Management Limited
The undersigned agrees that the Schedule 13G/A executed by Deutsche
Bank AG to which this statement is attached as an exhibit is filed on behalf of
Deutsche Bank AG, Deutsche Asset Management Group Limited and Deutsche Asset
Management Limited pursuant to Rule 13d-1(k)(1) of the Securities Exchange Act
of 1934.
Dated: February 14, 2000
DEUTSCHE ASSET MANAGEMENT GROUP LIMITED
By:/s/ William Slattery
-------------------------------------
Name: William Slattery
Title: Head of Business Risk
