339324873
(CUSIP Number for Ordinary Shares)
339324808
(CUSIP Number for Preference Shares)
+64 9 3569800 (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications)
(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 that is the subject of this Schedule 13D, and filing this schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ].
NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7 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).
CUSIP NO. FOR ORDINARY SHARES: 339324873
CUSIP NO. FOR PREFERENCE SHARES: 339324808
---------- -------------------------------------------------------------------
1 Rubicon Limited
---------- -------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a)
(b)
---------- -------------------------------------------------------------------
3 SEC Use Only
---------- -------------------------------------------------------------------
4 Source of Funds
OO
---------- -------------------------------------------------------------------
5 Check If Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
---------- -------------------------------------------------------------------
6 Citizenship or Place of Organization
New Zealand
---------- -------------------------------------------------------------------
7 Sole Voting Power
None
-----------------------------------------------
Number of Shares 8 Shared Voting Power
Beneficially Owned by None
Each Reporting Person -----------------------------------------------
with 9 Sole Dispositive Power
None
-----------------------------------------------
10 Shared Dispositive Power
None
------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Rubicon Limited
None
---------- -------------------------------------------------------------------
12 Check if the Aggregate Amount in Row (11) Excludes
Certain Shares [X]
---------- -------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
N/A
---------- -------------------------------------------------------------------
14 Type of Reporting Person
HC, IV
---------- -------------------------------------------------------------------
Note: Rubicon Forests Holdings Limited and Rubicon Forests Investments
Limited, wholly owned subsidiaries of Rubicon Limited, together hold 7,714,711
Ordinary Shares and 48,049,950 Preference Shares. Each of Rubicon Forests
Holdings Limited and Rubicon Forests Investments Limited has entered into a
deed with Rubicon Forests Limited, another wholly owned subsidiary of Rubicon
Limited, whereby Rubicon Forests Limited has been granted the authority to
exercise all voting rights in respect of their respective shareholdings in the
Company. This authority may be terminated at any time by either of Rubicon
Forests Holdings Limited or Rubicon Forests Investments Limited. Pursuant to
the terms of an offer dated May 5, 2004, Rubicon Forests Limited purchased an
additional 31,975,372 Ordinary Shares and 51,713,920 Preference Shares. As a
result, Rubicon Forests Holdings Limited, Rubicon Forests Investments Limited
and Rubicon Forests Limited collectively hold 39,690,083 Ordinary Shares and
99,763,870 Preference Shares. Rubicon Limited disclaims beneficial ownership
of the Ordinary Shares and Preference Shares held by Rubicon Forests Holdings
Limited, Rubicon Forests Investments Limited and Rubicon Forests Limited.
Page 3 of 9
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CUSIP NO. FOR ORDINARY SHARES: 339324873
CUSIP NO. FOR PREFERENCE SHARES: 339324808
---------- -------------------------------------------------------------------
1 Rubicon Forests Holdings Limited
---------- -------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a)
(b)
---------- -------------------------------------------------------------------
3 SEC Use Only
---------- -------------------------------------------------------------------
4 Source of Funds
OO
---------- -------------------------------------------------------------------
5 Check If Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
---------- -------------------------------------------------------------------
6 Citizenship or Place of Organization
New Zealand
---------- -------------------------------------------------------------------
7 Sole Voting Power
None
-----------------------------------------------
Number of Shares 8 Shared Voting Power
Beneficially Owned by None
Each Reporting Person -----------------------------------------------
with 9 Sole Dispositive Power
None
-----------------------------------------------
10 Shared Dispositive Power
None
------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Rubicon Forests Holdings
Limited
7,500,000 Ordinary Shares
41,714,866 Preference Shares
---------- -------------------------------------------------------------------
12 Check if the Aggregate Amount in Row (11) Excludes
Certain Shares [ ]
---------- -------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
8.07% of Ordinary Shares
22.44% of Preference Shares
---------- -------------------------------------------------------------------
14 Type of Reporting Person
IV
---------- -------------------------------------------------------------------
Page 4 of 9
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CUSIP NO. FOR ORDINARY SHARES: 339324873
CUSIP NO. FOR PREFERENCE SHARES: 339324808
---------- -------------------------------------------------------------------
1 Rubicon Forests Investments Limited
---------- -------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a)
(b)
---------- -------------------------------------------------------------------
3 SEC Use Only
---------- -------------------------------------------------------------------
4 Source of Funds
OO
---------- -------------------------------------------------------------------
5 Check If Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
---------- -------------------------------------------------------------------
6 Citizenship or Place of Organization
New Zealand
---------- -------------------------------------------------------------------
7 Sole Voting Power
None
-----------------------------------------------
Number of Shares 8 Shared Voting Power
Beneficially Owned by None
Each Reporting Person -----------------------------------------------
with 9 Sole Dispositive Power
None
-----------------------------------------------
10 Shared Dispositive Power
None
------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Rubicon Forests Investments
Limited
214,711 Ordinary Shares
6,335,084 Preference Shares
---------- -------------------------------------------------------------------
12 Check if the Aggregate Amount in Row (11) Excludes
Certain Shares [ ]
---------- -------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
0.23% of Ordinary Shares
3.41% of Preference Shares
---------- -------------------------------------------------------------------
14 Type of Reporting Person
IV
---------- -------------------------------------------------------------------
Page 5 of 9
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CUSIP NO. FOR ORDINARY SHARES: 339324873
CUSIP NO. FOR PREFERENCE SHARES: 339324808
---------- -------------------------------------------------------------------
1 Rubicon Forests Limited
---------- -------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a)
(b)
---------- -------------------------------------------------------------------
3 SEC Use Only
---------- -------------------------------------------------------------------
4 Source of Funds
OO
---------- -------------------------------------------------------------------
5 Check If Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
---------- -------------------------------------------------------------------
6 Citizenship or Place of Organization
New Zealand
---------- -------------------------------------------------------------------
7 Sole Voting Power
39,690,083 Ordinary Shares
99,763,870 Preference Shares
-----------------------------------------------
Number of Shares 8 Shared Voting Power
Beneficially Owned by None
Each Reporting Person -----------------------------------------------
with 9 Sole Dispositive Power
None
-----------------------------------------------
10 Shared Dispositive Power
None
------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Rubicon Forests Limited
39,690,083 Ordinary Shares
99,763,870 Preference Share
---------- -------------------------------------------------------------------
12 Check if the Aggregate Amount in Row (11) Excludes
Certain Shares [ ]
---------- -------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
42.70% of Ordinary Shares
53.67% of Preference Shares
---------- -------------------------------------------------------------------
14 Type of Reporting Person
IV
---------- -------------------------------------------------------------------
Page 6 of 9
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This Statement on Schedule 13D, as amended by Amendment No. 1 filed on May 28, 2004 and Amendment No. 2 filed on June 4, 2004, is hereby amended as set forth below in this Amendment No. 3. Unless otherwise defined herein, capitalized terms used herein have the respective meanings ascribed thereto in the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
The disclosure in the last paragraph of Item 3 is amended and restated as follows:
"Pursuant to the terms of an offer dated May 5, 2004, Rubicon Forests Limited purchased 31,975,372 Ordinary Shares and 51,713,920 Preference Shares. The funds used by Rubicon Forests Limited to purchase the Ordinary Shares and Preference Shares were provided by Rubicon Limited, Rubicon Forests Holdings Limited and Rubicon Forests Investments Limited. The funds provided by Rubicon Limited consisted of NZ$28 million sourced from Rubicon's outstanding cash balance and NZ$66 million provided by way of an intercompany unsecured loan advance. The funds provided by Rubicon Forests Holdings Limited of NZ$62 million and by Rubicon Forests Investments Limited of $8 million were both by way of intercompany unsecured loan advances.
Rubicon Limited disclaims beneficial ownership of the Ordinary Shares and Preference Shares held by each of Rubicon Forests Holdings Limited, Rubicon Forests Investments Limited and Rubicon Forests Limited."
Item 4. Purpose of Transaction.
The disclosure in the fourth paragraph of Item 4 is amended by adding the following:
"On June 4, 2004, pursuant to the terms of an offer dated May 5, 2004, Rubicon Forests Limited determined that the amount of shares it had purchased was 31,975,372 Ordinary Shares and 51,713,920 Preference Shares, which increased the Rubicon group's shareholding in the Company to 50.01%.
Rubicon intends to monitor its investment in the Company carefully and explore all its alternatives. While it has no current intention to do so, Rubicon may, consistent with applicable New Zealand and United States securities laws, from time to time purchase additional Ordinary Shares or Preference Shares or both."
Item 5. Interest in Securities of the Issuer.
The tabular disclosure in Item 5(a) with respect to Rubicon Forests Limited's shareholding in the Company is amended and restated as follows:
NAME RELATIONSHIP NUMBER OF PERCENTAGE OF NUMBER OF PERCENTAGE OF
ORDINARY SHARES ORDINARY PREFERENCE PREFERENCE
HELD OR SHARES HELD OR SHARES HELD SHARES HELD OR
CONTROLLED CONTROLLED OR CONTROLLED CONTROLLED
Rubicon Forests Limited Related company and 39,690,083 42.70% 99,763,870 53.67%
holder of more than 5%
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The disclosure in Item 5(b) is amended by adding the following:
"Rubicon Forests Limited has the sole power to vote 39,690,083 Ordinary Shares and 99,763,870 Preference Shares. The 39,690,083 Ordinary Shares and 99,763,870 Preference Shares beneficially owned by the Rubicon entities have been pledged as security for certain bank loans made to Rubicon Limited. None of the Rubicon entities can dispose of such Ordinary Shares and Preference Shares for so long as such shares are pledged as security."
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
The disclosure in Item 6 is amended by adding the following:
"The 39,690,083 Ordinary Shares and 99,763,870 Preference Shares beneficially owned by the Rubicon entities have been pledged as security for certain bank loans made to Rubicon Limited. None of the Rubicon entities can dispose of such Ordinary Shares and Preference Shares for so long as such shares are pledged as security."
SIGNATURES
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 22, 2004
RUBICON LIMITED,
by
/s/ Mark Alan Taylor
------------------------------
Name: Mark Alan Taylor
Title: Company Secretary
RUBICON FORESTS HOLDINGS LIMITED,
by
/s/ Simon Luke Moriarty
------------------------------
Name: Simon Luke Moriarty
Title: Director
RUBICON FORESTS INVESTMENTS LIMITED,
by
/s/ Mark Alan Taylor
------------------------------
Name: Mark Alan Taylor
Title: Director
RUBICON FORESTS LIMITED,
by
/s/ Simon Luke Moriarty
------------------------------
Name: Simon Luke Moriarty
Title: CEO and CFO
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