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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _)*
Koala Corporation
-----------------
(Name of Issuer)
Common Stock, Par Value $0.10
-----------------------------
(Title of Class of Securities)
499866101
---------
(CUSIP Number)
December 17, 1998
-----------------
(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)
*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 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 6 Pages
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CUSIP No. 499866101 13G Page 2 of 6 Pages
- ------------------- -----------------
- ---------- ---------------------------------------------------------------------
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FOREIGN & COLONIAL MANAGEMENT LIMITED
- ---------- ---------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3
SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4
CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
- -------------------- ------ ----------------------------------------------------
5
SOLE VOTING POWER
------ ----------------------------------------------------
NUMBER OF 6
SHARES SHARED VOTING POWER
BENEFICIALLY
OWNED BY
235,000
------ ----------------------------------------------------
EACH 7
REPORTING SOLE DISPOSITIVE POWER
PERSON
WITH
------ ----------------------------------------------------
8
SHARED DISPOSITIVE POWER
235,000
- ---------- ---------------------------------------------------------------------
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
235,000
- ---------- ---------------------------------------------------------------------
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
- ---------- ---------------------------------------------------------------------
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.3%
- ---------- ---------------------------------------------------------------------
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA, CO
- ---------- ---------------------------------------------------------------------
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CUSIP No. 499866101 13G Page 3 of 6 Pages
- ------------------- -----------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HYPO FOREIGN & COLONIAL MANAGEMENT (HOLDINGS) LIMITED
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 235,000
OWNED BY
------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
235,000
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
235,000
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.3%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC, CO
- ---------- ---------------------------------------------------------------------
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Item 1(a): Name of Issuer:
- ---------- ---------------
Kaola Corporation
Item 1(b): Address of Issuer's Principal Executive Offices:
- ---------- ------------------------------------------------
5031 So. Ulster Street, Suite 300
Denver, CO 80237
Item 2(a) Name of Person Filing
- --------- ---------------------
Foreign & Colonial Management Limited ("F&C Limited") and Hypo
Foreign & Colonial Management (Holdings) Limited ("F&C Holdings"
and, together with F&C Limited, the "Reporting Entities")
Item 2(b): Address of Principal Business Office:
- ---------- -------------------------------------
The address of the principal business office of each of the
Reporting Entities is Exchange House, Primrose Street, London
EC2A 2NY, England
Item 2(c): Citizenship:
- ---------- ------------
Each of the Reporting Entities is a corporation organized under
the laws of the United Kingdom.
Item 2(d): Title of Class of Securities:
- ---------- -----------------------------
Common Stock, par value $0.10 per share ("Common Stock")
Item 2(e): CUSIP Number:
- ---------- -------------
499866101
Item 3: (e) F&C Limited as an Investment Adviser in accordance with
- ------- ss. 240.13d-1(b)(1)(ii)(E).
(g) F&C Holdings is a Parent Holding Company, in accordance with
ss. 240.13d-1(b)(1)(ii)(G) (Note: See Item 7).
Item 4: Ownership:
- ------- ----------
(a) Amount beneficially owned: 235,000.
(b) Percent of class: 9.3%.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 235,000
(iii) Sole power to dispose or to direct the disposition
of: 0
(iv) Shared power to dispose or to direct the disposition
of: 235,000
Page 4 of 6 Pages
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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:
-------------------------
Dividends received from, and proceeds from the sale of, Common
Stock, if any, by F&C Limited are allocated by F&C Limited to the
applicable accounts of its clients and are distributed or
retained in accordance with F&C Limited's investment management
agreements with those clients.
Item 7: Identification and Classification of the Subsidiary Which
- ------- ---------------------------------------------------------
Acquired the Security Being Reported on By the Parent Holding
-------------------------------------------------------------
Company:
--------
F&C Holdings currently owns 100% of the outstanding capital stock
of F&C Limited. F&C Limited is filing pursuant to Rule
13d-1(b)(1)(ii)(E) under the Exchange Act as an Investment
Adviser registered under Section 203 of the Investment Advisers
Act of 1940. See Exhibit I.
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 acquired and are
held in the ordinary course of business and 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 5 of 6 Pages
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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 8, 1999
FOREIGN & COLONIAL MANAGEMENT LIMITED
By: /s/ J.J. Tigue
----------------------------------
Name: J.J. Tigue
Title: Director
HYPO FOREIGN & COLONIAL MANAGEMENT (HOLDINGS)
LIMITED
By: /s/ H.N. Potter
----------------------------------
Name: H.N. Potter
Title: Secretary
Page 6 of 6 Pages
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EXHIBIT INDEX
-------------
Exhibit Title
- ------- -----
Exhibit I: Joint Filing Agreement Pursuant to Rule 13d-1(k)(1)
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Exhibit I
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JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)
This Joint Filing Agreement dated as at February 8, 1999 between Foreign &
Colonial Management Limited, a company organized under the laws of England, and
Hypo Foreign & Colonial Management (Holdings) Limited, a company also organized
under the laws of England (Collectively, the "Reporting Entities").
W I T N E S S E T H
- -------------------
WHEREAS, the Reporting Entities may be required to file a statement, and
amendments thereto, containing the information required by Schedule 13D or 13G
pursuant to Section 13(d) of the Securities Exchange Act 1934 (the "Exchange
Act"), and Rule 13d-1 promulgated thereunder, in connection with the acquisition
of shares of common stock of Koala Corporation, a Colorado corporation, and
WHEREAS, pursuant to Paragraph (k) of Rule 13d-1, the undersigned desire to
satisfy any schedule 13D or 13G filing obligation under Rule 13d-1 by a single
joint filing.
NOW, THEREFORE, in consideration of the premises, the undersigned hereto
agree as follows:
1. The undersigned agree that any Statement on Schedule 13D or 13G to which
this Agreement is attached, and any Amendments to such Statement, are filed on
behalf of each one of them.
2. This Agreement may be executed in any number of counterparts and all of
such counterparts taken together shall be deemed to constitute one and the same
instrument.
IN WITNESS WHEREOF, the undersigned have caused this Agreement to be duly
executed and delivered on the date above indicated.
FOREIGN & COLONIAL MANAGEMENT LIMITED
By: /s/ J.J. Tigue
----------------------------------
Name: J.J. Tigue
Title: Director
HYPO FOREIGN & COLONIAL MANAGEMENT
(HOLDINGS) LIMITED
By: /s/ H.N. Potter
----------------------------------
Name: H.N. Potter
Title: Secretary
