SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For fiscal year ended October 31, 1998
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission file number: 0-24312
A. Full title of the plan and the address of the plan,
if different from that of the issuer named below:
PM RESOURCES, INC. PROFIT SHARING
PLAN FOR CERTAIN UNION MEMBERS
B. Name of issuer of the securities held pursuant
to the plan and the address of its principal
executive office
VIRBAC CORPORATION
(formerly Agri-Nutrition Group Limited)
3200 Meacham Boulevard
Fort Worth, Texas 76137
Telephone: (817) 831-5030
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REQUIRED INFORMATION
The PM Resources, Inc. Profit Sharing Plan for Certain Union Members
(the "Plan") is subject to the Employee Retirement Income Security Act of 1974
("ERISA"). Therefore, in lieu of the requirements of Items 1-3 of Form 11-K, the
unaudited financial statements of the Plan for the fiscal year ended December
31, 1998, which have been prepared by the Plan Administrator in accordance with
the financial reporting requirements of ERISA, are attached hereto as an
Appendix and incorporated herein by reference.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Plan Administrator has duly caused this annual report to be signed on its
behalf by the undersigned hereunto duly authorized.
PM RESOURCES, INC. PROFIT SHARING
PLAN FOR CERTAIN UNION MEMBERS
VIRBAC CORPORATION
(formerly Agri-nutrition Group Limited),
the Plan Administrator
Date: April 30, 1999 By:
-----------------------------------------
Vice President and Chief Financial Officer
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APPENDIX
PM RESOURCES, INC. PROFIT SHARING
PLAN FOR CERTAIN UNION MEMBERS
Unaudited Financial Statements
Year ended October 31, 1998
INDEX
Unaudited Financial Statements:
Statement of Net Assets Available for Plan Benefits as
of October 31, 1998........................................................A-1
Statement of Changes in Net Assets Available for Plan Benefits,
for the Year Ended October 31, 1998........................................A-2
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PM Resources, Inc. Profit Sharing Plan for Certain Union Members
Statement of Net Assets Available
For Plan Benefits
October 31, 1998
ASSETS
Investments, at fair value 713,817
Loans to participants -
Employer's contribution receivable -
Employee's contribution receivable -
Total assets 713,817
Net assets available for plan benefits 713,817
===========
A-1
<PAGE>
PM Resources, Inc. Profit Sharing Plan for Certain Union Members
Statement of Changes in Net Assets Available
For Plan Benefits
October 31, 1998
ADDITIONS
Additions to net assets attributed to
Investment income
Capital gains 516
Interest and dividends 72,846
Net investment income in pooled
separate accounts -
Net (depreciation) in corporate debt -
Contributions
Employer 51,298
Employees 113,276
Plan transfers 14,095
------------
Total additions 252,031
DEDUCTIONS
Deductions from net assets attributed to
Participant withdrawals 75,615
Administrative fees 1,991
Plan transfers 10,216
------------
Total deductions 87,822
NET INCREASE (DECREASE) 164,209
Net assets available for benefits:
Beginning of year 549,608
End of year 713,817
A-2
