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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Mid-States PLC
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(Name of Issuer)
Ordinary Shares, Pounds Sterling Ten Pence Each
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(Title of Class of Securities)
00059550R1
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(CUSIP Number)
Piper & Marbury L.L.P.
1251 Avenue of the Americas
New York, New York 10020
Attention: Alycia M. Vivona, Esq.
(212) 835-6235
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 4, 1996
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(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
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 7
<PAGE>
CUSIP No. 00059550R1
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bottin (International) Investments Limited ("Bottin")
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Bottin is a Gibraltar registered corporation.
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7 SOLE VOTING POWER
NUMBER OF 9,915,000
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SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
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------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 9,915,000
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------- --------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-0-
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- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,915,000
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- -------- -----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.9%
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14 TYPE OF REPORTING PERSON
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1--7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
Page 2 of 7
<PAGE>
CUSIP No. 00059550R1
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Dermot F. Desmond
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Mr. Desmond is an Irish non-resident citizen.
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7 SOLE VOTING POWER
NUMBER OF 9,915,000
------- --------------------------------------------------
------- --------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
------- --------------------------------------------------
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 9,915,000
------- --------------------------------------------------
------- --------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-0-
------- --------------------------------------------------
- ------ -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,915,000
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.9%
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- ------ -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1--7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
Page 3 of 7
<PAGE>
This amends the Statement on Schedule 13D dated March 25, 1996, as
amended by Amendment No. 1 thereto (collectively, the "Schedule 13D") previously
filed with the Securities and Exchange Commission by Bottin (International)
Investments Limited and Mr. Dermot F. Desmond with respect to their beneficial
ownership of Ordinary Shares, Pounds Sterling Ten Pence each of Mid-States PLC.
In accordance with Rule 101(a)(2)(ii) of Regulation S-T promulgated under the
Securities Exchange Act of 1934, as amended, this first electronically filed
amendment to the previously-filed paper format Schedule 13D restates the entire
text of the Schedule 13D as of the date hereof.
Item 1. Security and Issuer.
This statement relates to the Ordinary Shares, Pounds Sterling Ten
Pence each (the "Shares") of Mid-States PLC (the "Issuer"). The principal
executive offices of the Issuer are located at Masters House, 107 Hammersmith
Road, London W14 0QH.
Item 2. Identity and Background.
This statement is being filed by Bottin (International) Investments
Limited, a Gibraltar limited company, registration number 50518 ("Bottin"), with
its principal business and offices at 57/63 Line Wall Road, Gibraltar. Bottin's
business is that of an investment company, i.e., acquiring shares of any
companies in which it takes an interest.
The directors of Bottin are Cheam Directors Limited, Stawell Services
Limited and Mr. Dermot F. Desmond. The Secretary of Bottin is Line Secretaries
Limited. The registered shareholders of Bottin are Line Nominees Limited and
Line Holdings Limited, each of which owns of record 50% of the issued and
outstanding ordinary shares of Bottin, all of which are beneficially owned by
Mr. Dermot Desmond. Subject to the powers of Bottin's directors under its
Memorandum and Articles of Association, the control of Bottin rests largely with
its beneficial owner.
Each of (i) Cheam Directors Limited, (ii) Stawell Services Limited,
(ii) Line Secretaries Limited, (iv) Line Nominees Limited and (v) Line Holdings
Limited is a Gibraltar limited company with its principal business and offices
at 57/63 Line Wall Road, Gibraltar. The business of each of these companies is
to provide corporate management services.
This statement is also being filed by Mr. Dermot F. Desmond, a director
and the beneficial owner of 100% of Bottin. Mr. Desmond is an Irish non-resident
citizen with a business address for the purpose of these transactions care of
International Investment & Underwriting Limited, IFSC House, Custom House Quay,
Dublin 1, Ireland. Mr. Desmond's principal occupation is that of a value
investor. He is Chairman of International Investment & Underwriting Limited,
IFSC House, Custom House Quay, Dublin 1, Ireland, an investment and corporate
finance advisory company.
During the last five years, neither Bottin nor Mr. Desmond nor, to the
best of their knowledge, any officer or director of Bottin, has been convicted
in any criminal proceeding (excluding traffic violations or similar
misdemeanors).
During the last five years, neither Bottin nor Mr. Desmond nor, to the
best of their knowledge, any officer or director of Bottin, was a party to any
civil proceeding of a judicial or administrative body
Page 4 of 7
<PAGE>
of competent jurisdiction and as a result of such proceeding was or is subject
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds.
Since April 4, 1996, the most recent filing on Schedule 13D, Bottin has
purchased an aggregate of 1,350,000 additional Shares in consideration of
519,750 pounds sterling. The funds were supplied to Bottin by Mr. Desmond from
his personal funds. No funds were borrowed or otherwise obtained for the purpose
of acquiring, holding, trading or voting the securities.
Item 4. Purpose of Transaction.
Mr. Desmond, through Bottin, is investing in the Issuer as part of an
investment program designed to maximize the value of his investment portfolio,
which consists of a range of investments in quoted and unquoted companies.
Item 5. Interest in Securities of the Issuer.
Item 5(a).
Bottin is the direct owner of 9,915,000 Shares, representing 18.90
percent of the total number of Shares currently issued and outstanding.
Line Nominees Limited and Line Holdings Limited, by virtue of their
record ownership of Bottin, are the indirect owners of 9,915,000 Shares,
representing 18.90 percent of the total number of Shares currently issued and
outstanding.
Mr. Desmond, by virtue of his 100% beneficial ownership of Bottin, is
the indirect beneficial owner of 9,915,000 Shares, representing 18.90 percent of
the total number of Shares currently issued and outstanding.
The percent calculations reported herein reflect the purchase and
subsequent cancellation by the Issuer of 250,000 Shares on June 16, 1996, which
reduced the total number of Shares outstanding from 52,715,751 Shares to
52,465,751 Shares and increased the percentage ownership of Bottin and Mr.
Desmond from 18.81 percent to 18.90 percent.
Item 5(b).
Bottin, by virtue of its direct ownership of the Shares, has sole power
to vote and sole power to dispose of all of the 9,915,000 Shares.
Line Nominees Limited and Line Holdings Limited, by virtue of their
record ownership of Bottin and their indirect ownership of the Shares, have
shared power to direct the vote and shared power to direct the disposition of
all of the 9,915,000 Shares.
Page 5 of 7
<PAGE>
Mr. Desmond, by virtue of his beneficial ownership of Bottin and his
indirect beneficial ownership of the Shares, has sole power to direct the vote
and sole power to direct the disposition of all of the 9,915,000 Shares.
Item 5(c).
Since January 22, 1996, each acquisition of Shares described below was
effected on the London Stock Exchange:
Price per Aggregate Percent
Number of Share Aggregate Price Acquired
Date Shares (in Pence) Shares (in Pounds) (See Note)
1/22/96 50,000 43 50,000 21,500 0.09
1/22/96 100,000 43 150,000 43,000 0.28
1/23/96 100,000 43.5 250,000 43,500 0.47
1/23/96 150,000 43.5 400,000 65,250 0.76
1/23/96 50,000 43.5 450,000 21,750 0.85
1/24/96 100,000 43.5 550,000 43,500 1.04
1/24/96 125,000 44 675,000 55,000 1.28
1/24/96 100,000 44 775,000 44,000 1.47
1/24/96 50,000 44 825,000 22,000 1.57
1/29/96 150,000 44.5 975,000 66,750 1.85
1/30/96 100,000 44.5 1,075,000 44,500 2.04
1/31/96 150,000 44.5 1,225,000 66,750 2.32
1/31/96 100,000 44.5 1,325,000 44,500 2.51
2/2/96 75,000 44.5 1,400,000 33,375 2.66
2/5/96 125,000 44.5 1,525,000 55,625 2.89
2/23/96 4,150,000 35 5,675,000 1,425,500 10.77
2/28/96 550,000 37 6,225,000 203,500 11.81
3/5/96 725,000 37 6,950,000 268,250 13.18
3/6/96 200,000 37 7,150,000 74,000 13.56
3/7/96 200,000 37 7,350,000 74,000 13.94
3/14/96 100,000 37 7,450,000 37,000 14.13
3/22/96 500,000 38.5 7,950,000 192,500 15.08
3/26/96 215,000 38.5 8,165,000 82,775 15.49
4/3/96 300,000 38.5 8,465,000 115,500 16.06
4/4/96 100,000 38.5 8,565,000 38,500 16.25
5/28/96 100,000 38.5 8,665,000 38,500 16.44
6/4/96 1,000,000 38.5 9,665,000 385,000 18.33
6/4/96 250,000 38.5 9,915,000 96,250 18.81
Note: The percent calculations in this table are based on a total number of
Shares outstanding at the time of purchase of 52,715,751 Shares. On June 16,
1996, the Issuer purchased and subsequently canceled 250,000 Shares, thereby
reducing the total number of Shares outstanding to 52,465,751 Shares and
increasing the percentage ownership of Bottin and Mr. Desmond to 18.90 percent.
Page 6 of 7
<PAGE>
Item 5(d).
No person except for Bottin and, indirectly, Line Nominees Limited,
Line Holdings Limited and Mr. Desmond, is known to have the right to receive or
the power to direct the receipt of dividends from, or the proceeds from the sale
of, the Shares owned by Bottin. There is no present intention of any such person
to direct payment of any dividends by the Issuer.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to the Shares.
The information set forth in Item 2 of this statement is incorporated
herein by reference.
Item 7. Material to be Filed as Exhibits.
None.
Signature.
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: July 10, 1996
BOTTIN (INTERNATIONAL) INVESTMENTS LIMITED
By:______/s/ Dermot F. Desmond____________
Dermot F. Desmond
_________/s/ Dermot F. Desmond____________
DERMOT F. DESMOND
Page 7 of 7
<PAGE>
