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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
Date of Report: November 3, 1998
BAAN COMPANY N.V.
Baron van Nagellstraat 89
3770 AC Barneveld
The Netherlands
and
11911 Freedom Drive, Suite 300
Reston, Virginia USA 20190
(Addresses of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F
Form 20-F [X] Form 40-F [ ]
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
82- N.A.
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BAAN COMPANY N.V.
FORM 6-K
The Registrant has been advised that Vanenburg Ventures (previously named
Baan Investment B.V.) has reduced its ownership of the Registrant's Common
Shares from 75,577,960 shares, as reported in the Registrant's Annual Report on
Form 20-F for the fiscal year ended December 31, 1997 ("Form 20-F"), to
approximately 58,000,000 shares. The shares currently owned by Vanenburg
Ventures represent approximately 30% of the Registrant's outstanding Common
Shares, down from 38.66% as reported in the Form 20-F. Vanenburg Ventures has
reported that this reduction was due to the recent sales of pledged shares by
lenders to reduce the principal balance of loans made by the lenders to
Vanenburg Ventures that were secured by such shares. The Registrant was not a
party to, or otherwise involved in, such loan transactions.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.
BAAN COMPANY N.V.
By: /s/ ROBERT GOUDIE
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Robert Goudie
Senior Vice President, General Counsel and
Secretary to the Board of Directors
Date: November 3, 1998
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