<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Information to be Included in Statements Filed Pursuant
to Rules 13d-1(b) and (c) and Amendments Thereto Filed
Pursuant to 13d-2(b)
(Amendment No. )*
GENERAL CHEMICAL GROUP, INC.
----------------------------------------------------------------
(Name of issuer)
Common Stock, par value $.01 per share
----------------------------------------------------------------
(Title of class of securities)
369332101
-----------------------------
(CUSIP number)
December 31, 1999
-----------------------------------------------
(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>
- ------------------------ ----------------------
CUSIP No. 369332101 13G Page 2 of 18 Pages
- ------------------------ ----------------------
- ---------- -------------------------------------------------------------------
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
J O Hambro Capital Management (Holdings) Limited
No IRS Identification Number
- ---------- -------------------------------------------------------------------
2.
(a)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
-------------------------------------------------------------------
(b) [X]
- ---------- -------------------------------------------------------------------
3. SEC USE ONLY
- ---------- -------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
England
- -------------------------- ------- -------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0
SHARES ------- -------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 766,000
EACH ------- -------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
WITH ------- -------------------------------------------
8. SHARED DISPOSITIVE POWER
766,000
- ---------- -------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
766,000
- ---------- -------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES [ ]
CERTAIN SHARES*
- ---------- -------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.5%
- ---------- -------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
HC, CO
- ---------- -------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ------------------------ -------------------------
CUSIP No. 369332101 13G Page 3 of 18 Pages
- ------------------------ -------------------------
- ---------- -------------------------------------------------------------------
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
J O Hambro Capital Management Limited
No IRS Identification Number
- ---------- -------------------------------------------------------------------
2. (a)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
-------------------------------------------------------------------
(b) [X]
- ---------- -------------------------------------------------------------------
3. SEC USE ONLY
- ---------- -------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
England
- -------------------------- ------- -------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0
SHARES ------- -------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 766,000
EACH ------- -------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
WITH ------- -------------------------------------------
8. SHARED DISPOSITIVE POWER
766,000
- ---------- -------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
766,000
- ---------- -------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- -------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.5%
- ---------- -------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IA, CO
- ---------- -------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------------- --------------------------
CUSIP No. 369332101 13G Page 4 of 18 Pages
- ----------------------------- --------------------------
- ---------- ------------------------------------------------------------------
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Growth Financial Services Limited
No IRS Identification Number
- ---------- ------------------------------------------------------------------
2. (a)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
------------------------------------------------------------------
(b) [X]
- ---------- ------------------------------------------------------------------
3. SEC USE ONLY
- ---------- ------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
England
- -------------------------- ------- ------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0
SHARES ------- ------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 350,000
EACH ------- ------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
WITH ------- ------------------------------------------
8. SHARED DISPOSITIVE POWER
350,000
- ---------- ------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
350,000
- ---------- ------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- ------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.1%
- ---------- ------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
CO
- ---------- ------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ------------------------- -----------------------
CUSIP No. 369332101 13G Page 5 of 18 Pages
- ------------------------- -----------------------
- ---------- -------------------------------------------------------------------
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
North Atlantic Smaller Companies Investment Trust plc
No IRS Identification Number
- ---------- -------------------------------------------------------------------
2. (a)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
-------------------------------------------------------------------
(b) [X]
- ---------- -------------------------------------------------------------------
3. SEC USE ONLY
- ---------- -------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
England
- -------------------------- ------- -------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0
SHARES ------- -------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 350,000
EACH ------- -------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
WITH ------- -------------------------------------------
8. SHARED DISPOSITIVE POWER
350,000
- ---------- -------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
350,000
- ---------- -------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- -------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.1%
- ---------- -------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IV, CO
- ---------- -------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ------------------------------ -----------------------
CUSIP No. 369332101 13G Page 6 of 18 Pages
- ------------------------------ -----------------------
- ---------- ------------------------------------------------------------------
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
American Opportunity Trust plc
No IRS Identification Number
- ---------- ------------------------------------------------------------------
2. (a)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
------------------------------------------------------------------
(b) [X]
- ---------- ------------------------------------------------------------------
3. SEC USE ONLY
- ---------- ------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
England
- -------------------------- ------- ------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0
SHARES ------- ------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 400,000
EACH ------- ------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
WITH ------- ------------------------------------------
8. SHARED DISPOSITIVE POWER
400,000
- ---------- ------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
400,000
- ---------- ------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- ------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.4%
- ---------- ------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IV, CO
- ---------- ------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ------------------------------ -------------------------
CUSIP No. 369332101 13G Page 7 of 18 Pages
- ------------------------------ -------------------------
- ---------- --------------------------------------------------------------------
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Christopher Harwood Bernard Mills
No IRS Identification Number
- ---------- --------------------------------------------------------------------
2. (a)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
--------------------------------------------------------------------
(b) [X]
- ---------- --------------------------------------------------------------------
3. SEC USE ONLY
- ---------- --------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
England
- -------------------------- ------- --------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0
SHARES ------- --------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 766,000
EACH ------- --------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
WITH ------- --------------------------------------------
8. SHARED DISPOSITIVE POWER
766,000
- ---------- --------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
766,000
- ---------- --------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- --------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.5%
- ---------- --------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
- ---------- --------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ------------------------------ ------------------------
CUSIP No. 369332101 13G Page 8 of 18 Pages
- ------------------------------ ------------------------
- ---------- -------------------------------------------------------------------
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Premier North Atlantic
No IRS Identification Number
- ---------- -------------------------------------------------------------------
2. (a)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(b) [X]
- ---------- -------------------------------------------------------------------
3. SEC USE ONLY
- ---------- -------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Luxembourg
- -------------------------- ------- -------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0
SHARES ------- -------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 16,000
EACH ------- -------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 0
WITH ------- -------------------------------------------
8. SHARED DISPOSITIVE POWER
16,000
- ---------- -------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
16,000
- ---------- -------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- -------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.1%
- ---------- -------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IV, CO
- ---------- -------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
STATEMENT ON SCHEDULE 13G
-------------------------
Item 1(a). Name of Issuer:
---------------
General Chemical Group, Inc. (the "Company").
Item 1(b). Address of Issuer's Principal Executive Offices:
------------------------------------------------
Liberty Lane, Hampton, New Hampshire 03842.
-------------------------------------------
Item 2(a). Name of Person Filing:
----------------------
This Statement is filed on behalf of the following seven persons, who
are collectively referred to as the "Filing Parties":
1. J O Hambro Capital Management (Holdings) Limited ("Holdings") is a
corporation organized under the laws of England with its principal
office and business at 10 Park Place, London SW1A 1LP England. Holdings
functions as the ultimate holding company for J O Hambro Capital
Management.
2. J O Hambro Capital Management Limited ("J O Hambro Capital
Management"), formerly named J O Hambro & Partners Limited, is a
corporation organized under the laws of England with its principal
office and business at 10 Park Place, London SW1A 1LP England. J O
Hambro Capital Management is principally engaged in the business of
investment management and advising. It serves as co-investment adviser
to NASCIT and American Opportunity Trust and as investment adviser Oryx
as well as certain private clients.
3. Christopher Harwood Bernard Mills is a British citizen whose business
address is 10 Park Place, London SW1A 1LP England. His principal
employment includes service as executive director of NASCIT, as a
director of J O Hambro Capital Management and Oryx, and as co-
investment adviser to NASCIT and American Opportunity Trust.
4. Growth Financial Services Limited ("GFS"), formerly named Growth
Investment Management Limited, is a corporation organized under the
laws of England with its principal office at 77 Middle Street,
Brockham, Surrey RH3 7HL England and with its principal business at 10
Park Place, London SW1A 1LP England. GFS has undertaken to provide the
services of Christopher Mills to NASCIT.
5. North Atlantic Smaller Companies Investment Trust plc ("NASCIT"),
formerly named Consolidated Venture Trust plc, is a corporation
organized under the laws of England with its principal office and
business at 10 Park Place, London SW1A 1LP England. NASCIT is a
publicly-held investment trust company. Christopher Harwood Bernard
Mills and J O Hambro Capital Management serve as co-investment advisers
to NASCIT.
6. American Opportunity Trust plc ("American Opportunity Trust"), formerly
named Leveraged Opportunity Trust plc, is a corporation organized under
the laws of England with its principal office and business at 10 Park
Place, London SW1A 1LP England. American Opportunity
Page 9 of 18 Pages
<PAGE>
Trust is a publicly-held investment trust company. Christopher Harwood
Bernard Mills and J O Hambro Capital Management serve as co-investment
advisers to American Opportunity Trust.
7. Premier North Atlantic ("Premier") is a sub-fund of Premier
International Investments, an open-ended investment company
incorporated in Luxembourg with its principal offices at European Bank
and Business Centre, 6D Route de Treves, L-2633, Luxembourg. J O Hambro
Capital Management Limited is the investment adviser to Premier.
Item 2(b). Address of Principal Business Office or, if None, Residence:
-----------------------------------------------------------
The principal business address of the Filing Parties is c/o J O Hambro
Capital Management Limited, 10 Park Place, London SW1A 1LP England.
Item 2(c). Citizenship:
-----------
England
Item 2(d). Title of Class of Securities:
----------------------------
Common Stock, par value $.01 per share.
Item 2(e). CUSIP Number:
-------------
369332101
Item 3. If the statement is filed pursuant to Rules 13d-1(b) or 13d-2(b),
------------------------------------------------------------------
check whether the person filing is a:
-------------------------------------
Not Applicable.
Item 4. Ownership:
----------
The aggregate number and percentage of the outstanding Common Stock of
the Company beneficially owned by each of the Filing Parties as of December 31,
1999 are as follows:
<TABLE>
<CAPTION>
Number of Number of
Number of Shares: Shares: Sole
Filing Aggregate Shares: Sole Shared or Shared
Party Number of Power to Power to Power to Approximate
Shares: Vote Vote Dispose Percentage*
- ------------------------------------- --------------- ---------------- --------------- ---------------- ---------------
<S> <C> <C> <C> <C> <C>
Holdings 766,000 0 766,000 766,000 4.5%
J O Hambro Capital Management 766,000 0 766,000 766,000 4.5%
Christopher H.B. Mills 766,000 0 766,000 766,000 4.5%
- ------------------------------------- --------------- ---------------- --------------- ---------------- ---------------
</TABLE>
Page 10 of 18 Pages
<PAGE>
<TABLE>
<CAPTION>
Number of Number of
Number of Shares: Shares: Sole
Filing Aggregate Shares: Sole Shared or Shared
Party Number of Power to Power to Power to Approximate
Shares: Vote Vote Dispose Percentage*
- ------------------------------------- --------------- ---------------- --------------- ---------------- ---------------
<S> <C> <C> <C> <C> <C>
American Opportunity Trust 400,000 0 400,000 400,000 2.4%
GFS 350,000 0 350,000 350,000 2.1%
NASCIT 350,000 0 350,000 350,000 2.1%
Premier 16,000 0 16,000 16,000 0.1%
- ------------------------------------- --------------- ---------------- --------------- ---------------- ---------------
</TABLE>
* Based 16,860,175 shares of Common Stock, par value $.01 per share,
outstanding as of November 1, 1999, which is based on information reported in
the Company's Quarterly Report on Form 10-Q for the quarterly period ended
September 30, 1999.
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 person has ceased to be the beneficial owner 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:
---------------------------------------------------------------
As co-investment advisers to NASCIT, Christopher Harwood Bernard Mills
and J O Hambro Capital Management share the right to transfer and vote the
shares of Common Stock of the Company pursuant to an agreement entered into
among NASCIT, GFS and Christopher Mills and an agreement entered into between
NASCIT and J O Hambro Capital Management, each dated as of January 7, 1993,
respectively.
As co-investment advisers to American Opportunity Trust, Christopher
Harwood Bernard Mills and J O Hambro Capital Management share the right to
transfer and vote the shares of Common Stock of the Company pursuant to an
agreement dated as of January 7, 1993 between American Opportunity Trust and J O
Hambro Capital Management.
As investment manager for certain of its private clients, J O Hambro
Capital Management has the right to transfer and vote the shares of Common Stock
of the Company pursuant to either agreements or arrangements entered into with
such private clients.
Item 7. Identification and Classification of the Subsidiary Which Acquired
-------------------------------------------------------------------
the Security Being Reported on by the Parent Holding Company:
-------------------------------------------------------------
Not Applicable.
Item 8. Identification and Classification of Members of the Group:
---------------------------------------------------------
See Item 2(a).
Page 11 of 18 Pages
<PAGE>
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 12 of 18 Pages
<PAGE>
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: April 25, 2000 J O HAMBRO CAPITAL MANAGEMENT LIMITED
By: /s/ R.G. Barrett
___________________________
Name: R.G. Barrett
Title: Director
Executed on behalf of the parties
hereto pursuant to the Joint Filing
Agreement previously filed.
Page 13 of 18 Pages
<PAGE>
EXHIBITS
The following documents are filed herewith:
(a) Joint Filing Agreement dated as of April 25, 2000 among
Holdings, J O Hambro Capital Management, NASCIT, GFS, American
Opportunity Trust, Christopher Harwood Bernard Mills and
Premier.
Page 14 of 18 Pages
<PAGE>
JOINT FILING AGREEMENT
<PAGE>
JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule 13G dated
April 25, 2000 with respect to the shares of Common Stock, $0.01 par value, of
General Chemical Group, Inc. and any further amendments thereto executed by each
or any of us shall be filed on behalf of each of us pursuant to and in
accordance with the provisions of Rule 13d-1(k) under the Securities Exchange
Act of 1934, as amended.
This Agreement may be executed in separate counterparts, each of which shall be
deemed an original, but all of which shall constitute one and the same
instrument.
Date: April 25, 2000 NORTH ATLANTIC SMALLER COMPANIES
INVESTMENT TRUST PLC
By: J O Hambro Capital Management Limited,
Its investment advisor
/s/ R.G. Barrett
By:_______________________________
Name: R.G. Barrett
Title: Director
Date: April 25, 2000 J O HAMBRO CAPITAL MANAGEMENT LIMITED
/s/ R.G. Barrett
By:_______________________________
Name: R.G. Barrett
Title: Director
Date: April 25, 2000 J O HAMBRO & CAPITAL MANAGEMENT
(HOLDINGS) LIMITED
/s/ R.G. Barrett
By:_______________________________
Name: R.G. Barrett
Title: Director
<PAGE>
Date: April 25, 2000 GROWTH FINANCIAL SERVICES LIMITED
/s/ C.H.B. Mills
By:_______________________________
Name: C.H.B. Mills
Title: Director
Date: April 25, 2000 AMERICAN OPPORTUNITY TRUST PLC
By: J O Hambro Capital Management Limited,
Its investment advisor
/s/ R.G. Barrett
By:_______________________________
Name: R.G. Barrett
Title: Director
Date: April 25, 2000 CHRISTOPHER H. B. MILLS
/s/ C. H. B. MILLS
-------------------------------
Date: April 25, 2000 PREMIER NORTH ATLANTIC
By: J O Hambro Capital Management Limited,
Its investment advisor
/s/ R.G. Barrett
By:_______________________________
Name: R.G. Barrett
Title: Director
