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Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-
1(b), (c) and (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-(b)
(Amendment No. ___)(1)
Hungarian Telephone and Cable Corp.
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(Name of Issuer)
Common Stock, par value $.001 per share
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(Title of Class of Securities)
4455421030
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(CUSIP Number)
May 12, 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)
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(1) 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 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).
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CUSIP No.: 4455421030
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Danish Investment Fund for Central and Eastern Europe
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
Kingdom of Denmark
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5 SOLE VOTING POWER
NUMBER OF 1,285,714
SHARES ----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED 0
BY EACH ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 1,285,714
WITH ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,285,714
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.7%
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12 TYPE OF REPORTING PERSON*
CO
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*See Instructions before filling out!
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Page 2 of 5 Pages
ITEM 1(a). Name of Issuer:
Hungarian Telephone and Cable Corp.
ITEM 1(b). Address of Issuer's Principal Executive Offices:
100 First Stamford Place, Suite 204,Stamford, CT 06902
ITEM 2(a). Name of Person Filing:
Danish Investment Fund for Central and Eastern Europe
ITEM 2(b). Address of Principal Business Office or, if None, Residence:
4, Bremerholm, DK 1069 Copenhagen K - Denmark
ITEM 2(c). Citizenship:
Kingdom of Denmark
ITEM 2(d). Title of Class of Securities:
Common Stock
ITEM 2(e). CUSIP Number:
4455421030
ITEM 3. If this Statement is filed pursuant to Rule 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
Exchange Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [ ] Insurance company registered under Section 8 of the
Investment Company Act.
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act.
(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;
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Page 3 of 5 Pages
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c) (14) of the
Investment Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(c), check this
box. [ ]
If this statement is filed pursuant to Rule 13d-1(c), check this
box. [X]
ITEM 4. Ownership.
Provide the following information regarding the aggregate
number and percentage of the class of securities of the issuer
identified in Item 1.
(a) Amount beneficially owned: 1,285,714
(b) Percent of class: 10.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 1,285,714
(ii) Shared power to vote or to direct vote: -0-
(iii) Shared power to dispose or to direct the disposition: 1,285,714
(iv) Shared power to dispose or to direct the disposition of: -0-
Instruction. For computations regarding securities which represent a
right to acquire an underlying security see Rule 13d-3(d)(1).
ITEM 5. Ownership of Five Percent of 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 [ ].
Instruction. Dissolution of a group requires a response to this item.
ITEM 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
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.
Not Applicable
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Page 4 of 5 Pages
ITEM 9. Notice of Dissolution of Group.
Not Applicable
ITEM 10. Certifications.
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 held in connection with or as
participant in any transaction having that purpose of effect.
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.
Date: June 18, 1999 DANISH INVESTMENT FUND FOR CENTRAL
AND EASTERN EUROPE
/s/Frank Norman Larsen
By: /s/Torben Huss
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Name: Frank Norman Larsen
Title: Deputy Managing Director
Name: Torben Huss
Title: Department Director
