-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NBLY4cTreZGfoFVO+LgyZ8rH/g/dGJP0S41SlZpP1/pdPfmcyexfOX8O9DjzLJkA VQBG19rSxIogaxNr9WbBMA== 0000950136-02-000131.txt : 20020413 0000950136-02-000131.hdr.sgml : 20020413 ACCESSION NUMBER: 0000950136-02-000131 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020115 GROUP MEMBERS: ANDREW PEGGE GROUP MEMBERS: COLIN KINGSNORTH GROUP MEMBERS: LAXEY INVESTORS L.P. GROUP MEMBERS: LAXEY INVESTORS LIMITED GROUP MEMBERS: LAXEY PARTNERS LIMITED FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VALUE CATALYST FUND LTD CENTRAL INDEX KEY: 0001126078 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: PO BOX 309 UGLAND HOUSE SOUTH CHURCH ST CITY: GEORGETOWN CAYMAN IS MAIL ADDRESS: STREET 1: PO BOX 309 UGLAND HOUSE SOUTH CHURCH ST CITY: GEORGETOWN CAYMAN IS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHILE FUND INC CENTRAL INDEX KEY: 0000846676 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 222990009 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40493 FILM NUMBER: 2509932 BUSINESS ADDRESS: STREET 1: C/O CREDIT SUISSE ASSET MGMT, LLC STREET 2: 466 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2128753500 MAIL ADDRESS: STREET 1: CREDIT SUISSE ASSET MGMT, LLC STREET 2: 466 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 SC 13D/A 1 file001.txt AMENDMENT NO. 1 TO SCHEDULE 13D ----------------------------- OMB APPROVAL ----------------------------- OMB Number: 3235-0145 ----------------------------- Expires: October 31, 2002 ----------------------------- Estimated average burden hours per response. . . 14.9 ----------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* THE CHILE FUND, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.001 Par Value - -------------------------------------------------------------------------------- (Title of Class of Securities) 168834109 - -------------------------------------------------------------------------------- (CUSIP Number) Andrew Pegge Jeffry S. Hoffman Laxey Partners Limited Swidler Berlin Shereff Friedman, LLP Stanley House The Chrysler Building 7-9 Market Hill 405 Lexington Avenue Douglas New York, NY 10174 Isle of Man IM1 2BF (212) 891-9260 011 44 1624 629365 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 18, 2001 - -------------------------------------------------------------------------------- (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 is 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 ss. 240.13d-7(b) 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 (the "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). 2 SCHEDULE 13D
- ---------------------------------------------------------------------------------------------------------------------- CUSIP No. 168834109 - ---------------------------------------------------------------------------------------------------------------------- 1) Name of Reporting Persons ---------------------------------------------------------------------------------------------------------- I.R.S. Identification No. of Above Persons (entities only) THE VALUE CATALYST FUND LIMITED NO I.R.S. IDENTIFICATION NO. - ---------- ----------------------------------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] - ---------- ----------------------------------------------------------------------------------------------------------- 3) SEC Use Only - ---------- ----------------------------------------------------------------------------------------------------------- 4) Source of Funds (See Instructions) OO - ---------- ----------------------------------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ---------- ----------------------------------------------------------------------------------------------------------- 6) Citizenship or Place of Organization CAYMAN ISLANDS - -------------------- ------- ----------------------------------------------------------------------------------------- 7) Sole Voting Power 0 Number of ------- ----------------------------------------------------------------------------------------- Shares 8) Shared Voting Power Beneficially 405,350 SHARES Owned by ------- ----------------------------------------------------------------------------------------- Each 9) Sole Dispositive Power Reporting 0 Person ------- ----------------------------------------------------------------------------------------- with 10) Shared Dispositive Power 405,350 SHARES - ---------- ----------------------------------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person 405,350 SHARES - ---------- ----------------------------------------------------------------------------------------------------------- 12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - ---------- ----------------------------------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11) 2.998% - ---------- ----------------------------------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions) IV* - ---------- -----------------------------------------------------------------------------------------------------------
*Not registered under the Investment Company Act of 1940. 3
- --------------------------------------------------------------------------------------------------------------------- CUSIP No. 168834109 - --------------------------------------------------------------------------------------------------------------------- 1) Name of Reporting Persons I.R.S. Identification No. of Above Persons (entities only) LAXEY INVESTORS LIMITED NO I.R.S. IDENTIFICATION NO. - --------- ----------------------------------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] - --------- ----------------------------------------------------------------------------------------------------------- 3) SEC Use Only - --------- ----------------------------------------------------------------------------------------------------------- 4) Source of Funds (See Instructions) OO - --------- ----------------------------------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - --------- ----------------------------------------------------------------------------------------------------------- 6) Citizenship or Place of Organization BRITISH VIRGIN ISLANDS - -------------------- ------- ---------------------------------------------------------------------------------------- 7) Sole Voting Power Number of 0 Shares ------- ---------------------------------------------------------------------------------------- Beneficially 8) Shared Voting Power Owned by 405,350 SHARES Each ------- ---------------------------------------------------------------------------------------- Reporting 9) Sole Dispositive Power Person 0 With ------- ---------------------------------------------------------------------------------------- 10) Shared Dispositive Power 405,350 SHARES - --------- ----------------------------------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person 405,350 SHARES - --------- ----------------------------------------------------------------------------------------------------------- 12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - --------- ----------------------------------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11) 2.998% - --------- ----------------------------------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions) IV* - --------- -----------------------------------------------------------------------------------------------------------
*Not registered under the Investment Company Act of 1940. 4
- --------------------------------------------------------------------------------------------------------------------- CUSIP No. 168834109 - --------------------------------------------------------------------------------------------------------------------- 1) Name of Reporting Persons I.R.S. Identification No. of Above Persons (entities only) LAXEY INVESTORS L.P. NO I.R.S. IDENTIFICATION NO. - --------- ----------------------------------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] - --------- ----------------------------------------------------------------------------------------------------------- 3) SEC Use Only - --------- ----------------------------------------------------------------------------------------------------------- 4) Source of Funds (See Instructions) OO - --------- ----------------------------------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - --------- ----------------------------------------------------------------------------------------------------------- 6) Citizenship or Place of Organization DELAWARE - -------------------- ------- ---------------------------------------------------------------------------------------- 7) Sole Voting Power Number of 0 Shares ------- ---------------------------------------------------------------------------------------- Beneficially 8) Shared Voting Power Owned by 300,000 SHARES Each ------- ---------------------------------------------------------------------------------------- Reporting 9) Sole Dispositive Power Person 0 With ------- ---------------------------------------------------------------------------------------- 10) Shared Dispositive Power 300,000 SHARES - --------- ----------------------------------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person 300,000 SHARES - --------- ----------------------------------------------------------------------------------------------------------- 12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - --------- ----------------------------------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11) 2.2% - --------- ----------------------------------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions) PN* - --------- ----------------------------------------------------------------------------------------------------------- *Not registered under the Investment Company Act of 1940.
5
- --------------------------------------------------------------------------------------------------------------------- CUSIP No. 168834109 - --------- ----------------------------------------------------------------------------------------------------------- 1) Name of Reporting Persons I.R.S. Identification No. of Above Persons (entities only) LAXEY PARTNERS LIMITED NO I.R.S. IDENTIFICATION NO. - --------- ----------------------------------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] - --------- ----------------------------------------------------------------------------------------------------------- 3) SEC Use Only - --------- ----------------------------------------------------------------------------------------------------------- 4) Source of Funds (See Instructions) N/A - --------- ----------------------------------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - --------- ----------------------------------------------------------------------------------------------------------- 6) Citizenship or Place of Organization ISLE OF MAN - -------------------- ------- ---------------------------------------------------------------------------------------- 7) Sole Voting Power Number of 0 Shares ------- ---------------------------------------------------------------------------------------- Beneficially 8) Shared Voting Power Owned by 1,867,050 SHARES Each ------- ---------------------------------------------------------------------------------------- Reporting 9) Sole Dispositive Power Person 0 With ------- ---------------------------------------------------------------------------------------- 10) Shared Dispositive Power 1,867,050 SHARES - --------- ----------------------------------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,867,050 SHARES - --------- ----------------------------------------------------------------------------------------------------------- 12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - --------- ----------------------------------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11) 13.8% - --------- ----------------------------------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions) IV* - --------- -----------------------------------------------------------------------------------------------------------
*Not registered under the Investment Company Act of 1940. 6
- --------------------------------------------------------------------------------------------------------------------- CUSIP No. 168834109 - --------------------------------------------------------------------------------------------------------------------- 1) Name of Reporting Persons I.R.S. Identification No. of Above Persons (entities only) COLIN KINGSNORTH - --------- ----------------------------------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] - --------- ----------------------------------------------------------------------------------------------------------- 3) SEC Use Only - --------- ----------------------------------------------------------------------------------------------------------- 4) Source of Funds (See Instructions) N/A - --------- ----------------------------------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - --------- ----------------------------------------------------------------------------------------------------------- 6) Citizenship or Place of Organization BRITISH - -------------------- ------- ---------------------------------------------------------------------------------------- 7) Sole Voting Power Number of 0 Shares ------- ---------------------------------------------------------------------------------------- Beneficially 8) Shared Voting Power Owned by 1,867,050 SHARES Each ------- ---------------------------------------------------------------------------------------- Reporting 9) Sole Dispositive Power Person 0 With ------- ---------------------------------------------------------------------------------------- 10) Shared Dispositive Power 1,867,050 SHARES - --------- ----------------------------------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,867,050 SHARES - --------- ----------------------------------------------------------------------------------------------------------- 12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - --------- ----------------------------------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11) 13.8% - --------- ----------------------------------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions) IN - --------- -----------------------------------------------------------------------------------------------------------
7
- --------------------------------------------------------------------------------------------------------------------- CUSIP No. 168834109 - --------------------------------------------------------------------------------------------------------------------- 1) Name of Reporting Persons I.R.S. Identification No. of Above Persons (entities only) ANDREW PEGGE - --------- ----------------------------------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] - --------- ----------------------------------------------------------------------------------------------------------- 3) SEC Use Only - --------- ----------------------------------------------------------------------------------------------------------- 4) Source of Funds (See Instructions) N/A - --------- ----------------------------------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - --------- ----------------------------------------------------------------------------------------------------------- 6) Citizenship or Place of Organization BRITISH - -------------------- ------- ---------------------------------------------------------------------------------------- 7) Sole Voting Power Number of 0 Shares ------- ---------------------------------------------------------------------------------------- Beneficially 8) Shared Voting Power Owned by 1,867,050 SHARES Each ------- ---------------------------------------------------------------------------------------- Reporting 9) Sole Dispositive Power Person 0 With ------- ---------------------------------------------------------------------------------------- 10) Shared Dispositive Power 1,867,050 SHARES - --------- ----------------------------------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,867,050 SHARES - --------- ----------------------------------------------------------------------------------------------------------- 12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - --------- ----------------------------------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11) 13.8% - --------- ----------------------------------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions) IN - --------- -----------------------------------------------------------------------------------------------------------
8 This Amendment No. 1 to the Statement on Schedule 13D amends and supplements Items 2, 3, 5, 6 and 7 of the Statement on Schedule 13D originally filed with the Securities and Exchange Commission on May 30, 2001 (collectively, the "Schedule 13D") by The Value Catalyst Fund Limited and Laxey Investors Limited with respect to the shares of Common Stock, par value $0.001 per share (the "Common Stock"), of The Chile Fund, Inc. (the "Fund"). ITEM 2. IDENTITY AND BACKGROUND Item 2 is hereby amended and restated in its entirety as follows: This statement is being filed jointly by (i) The Value Catalyst Fund Limited, a Cayman Islands company ("Catalyst"), (ii) Laxey Investors Limited, a British Virgin Islands company ("LIL"), (iii) Laxey Partners L.P., a Delaware limited partnership ("Investors"), (iv) Laxey Partners Limited, an Isle of Man company ("Laxey"), (v) Colin Kingsnorth, a British citizen ("Kingsnorth"), and (vi) Andrew Pegge, a British citizen ("Pegge" and, collectively with Catalyst, LIL, Investors, Laxey and Kingsnorth, the "Reporting Persons"). Catalyst is a private investment company formed in May 2000 and created to allow investors to take advantage of investment opportunities in closed-end funds and similar investment entities. The address of Catalyst's principal business and principal office is P.O. Box 309, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands, British West Indies. LIL is a private investment company formed in March 1999 and created to allow investors to take advantage of investment opportunities in closed-end funds and similar investment entities. The address of LIL's principal business and principal office is Akara Building, 24 De Castro Street, Wickams Cay I, Road Town, Tortola, British Virgin Islands. Investors is a limited partnership organized on November 15, 2001, pursuant to the Delaware Revised Uniform Limited Partnership Act and created to allow investors to take advantage of structural arbitrage of closed-end funds and similar investment entities. Investors is managed by its general partner, Laxey Partners (GP) Limited, an international business company incorporated in the British Virgin Islands. Laxey Partners (GP) Limited is a wholly-owned subsidiary of Laxey, the investment manager for Investors. The address of Investors' principal business and principal office is First Floor, Samuel Harris House, 5-11 St. George's St., Douglas, Isle of Man. Laxey is the investment manager for each of Catalyst, LIL and Investors, subject to the overall control of the directors of each of these entities and the general partner, as applicable. Formed in November 1998, Laxey is a global active value fund manager specializing in arbitrage-led investment. The address of Laxey's principal business and principal office is Stanley House, 7-9 Market Hill, Douglas, Isle of Man IM1 2BF. Each of Messrs. Kingsnorth and Pegge own one half of the outstanding equity of Laxey. Kingsnorth's principal occupation is that of portfolio manager and director of Laxey. His business address is Stanley House, 7-9 Market Hill, Douglas, Isle of Man, IM1 2BF, United Kingdom. Pegge's principal occupation is also that of portfolio manager and director of Laxey 9 and his business address is Stanley House, 7-9 Market Hill, Douglas, Isle of Man, IM1 2BF, United Kingdom. Pursuant to General Instruction C and the instructions to Item 2 of this statement, set forth below are the respective names, business addresses, principal present occupations and citizenships of the executive officers and directors or each of Catalyst, LIL, Investors and Laxey. The name, business address, present principal occupation and citizenship of each of the executive officers and directors of Catalyst are: 1. NAME: James McCarthy BUSINESS ADDRESS: 1000 Skokie Boulevard Suite 325 Wilmette, Illinois 60091 PRINCIPAL OCCUPATION: Director of Business Development, E*Hedge Holdings, LLC (a company specializing in the area of alternative investments) CITIZENSHIP: British 2. NAME: Jonathan D. Pollock BUSINESS ADDRESS: 19 Berkeley Street 7th Floor London W1X 5AE PRINCIPAL OCCUPATION: Portfolio Manager, Stonington Management Corporation (the management company for Elliot Associates, L.P. and Westgate International, L.P.) CITIZENSHIP: United States 3. NAME: Elizabeth Tansell BUSINESS ADDRESS: First Floor Samuel Harris House 5-11 St. George's Street Douglas Isle of Man, IM1 1AJ PRINCIPAL OCCUPATION: Managing Director of BoE International Services Limited (a fund administration company) CITIZENSHIP: British The name, business address, present principal occupation and citizenship of each of the executive officers and directors of LIL are as follows: 1. NAME: Colin Kingsnorth (See above for all other information) 10 2. NAME: Andrew Pegge (See above for all other information) 3. NAME: Elizabeth Tansell (See above for all other information) Investors is managed by its general partner, Laxey Partners (GP) Limited. The name, business address, present principal occupation and citizenship of each of the executive officers and directors of Laxey Partners (GP) Limited are as follows: 1. NAME: Colin Kingsnorth (See above for all other information) 2. NAME: Andrew Pegge (See above for all other information)] 3. NAME: Elizabeth Tansell (See above for all other information) The name, business address, present principal occupation and citizenship of each of the executive officers and directors of Laxey are as follows: 1. NAME: Colin Kingsnorth (See above for all other information) 2. NAME: Andrew Pegge (See above for all other information) 3. NAME: Andrew Leasor BUSINESS ADDRESS: 28 Chelsea Wharf Lots Road London SW 10 0QJ United Kingdom PRINCIPAL OCCUPATION: Marketing Director and Director, Laxey CITIZENSHIP: British 4. NAME: Andrew Baker (Director of Laxey) BUSINESS ADDRESS: 15-19 Athol Street Douglas Isle of Man IM1 1LB PRINCIPAL OCCUPATION: Solicitor CITIZENSHIP: British 11 5. NAME: Eddie Gilmore (Director of Laxey) BUSINESS ADDRESS: 21 Cronk Drean Douglas Isle of Man IM2 6AX PRINCIPAL OCCUPATION: Retired CITIZENSHIP: British During the past five years, neither Catalyst, LIL, Investors, Laxey nor any of their respective executive officers and directors, including Kingsnorth and Pegge, has been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgement, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or state securities laws or finding any violation with respect to such laws. Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Item 3 is hereby amended and restated in its entirety to read as follows: The funds used to purchase the shares of Common Stock described in this statement were acquired through open market purchases and were derived from Catalyst's, LIL's, Investors', and Laxey's investment capital and funds provided by one or more discretionary accounts managed for unaffiliated third parties (the "Accounts"). The aggregate amount of the funds used to purchase all of the shares purchased by Catalyst, LIL, Investors, the Accounts and Laxey is $3,860,200, $3,860,200, $2,565,900, $6,275,250 and $2,154, respectively. Item 5. INTEREST IN SECURITIES OF THE ISSUER Items 5(a) and 5(b) below are hereby amended and restated in their entirety and Item 5(c) is hereby amended to supplement the original Item 5(c) as follows: (a) As of the date hereof, Catalyst, together with Laxey, Kingsnorth and Pegge, are the beneficial owners of 405,350 shares of Common Stock, which represent approximately 2.998% of the issued and outstanding Common Stock of the Fund. As of the date hereof, LIL, together with Laxey, Kingsnorth and Pegge, are the beneficial owners of 405,350 shares of Common Stock, which represents approximately 2.998% of the issued and outstanding shares of the Common Stock. As of the date hereof, Investors, together with Laxey, Kingsnorth and Pegge, are the beneficial owners of 300,000 shares of Common Stock, which represents approximately 2.2% of the issued and outstanding shares of the Common Stock. As of the date hereof, Laxey, Kingsnorth and Pegge are the beneficial owners, through Laxey's discretionary authority over the Accounts, of the 756,100 shares of Common Stock held in the Accounts, which represents approximately 5.6% of the 12 issued and outstanding shares of the Common Stock. The Accounts are terminable at any time by the respective third parties, for which the Accounts are held, upon providing written notice to Laxey. In addition, Laxey, together with Kingsnorth and Pegge, are the beneficial owners of 250 shares of Common Stock. Accordingly, Laxey, Kingsnorth and Pegge are, as of the date hereof, beneficial owners of an aggregate of 1,867,050 shares of Common Stock, constituting approximately 13.8% of the shares of Common Stock outstanding. No other person identified in Item 2 beneficially owns any shares of Common Stock. (b) As of the date hereof, Laxey, Kingsnorth and Pegge share with Catalyst the power to vote and dispose of 405,350 shares of Common Stock. As of the date hereof, Laxey, Kingsnorth and Pegge share with LIL the power to vote and dispose of 405,350 shares of Common Stock. As of the date hereof, Laxey, Kingsnorth and Pegge share with Investors the power to sell and dispose of 300,000 shares of Common Stock. As of the date hereof, Laxey, Kingsnorth and Pegge have sole voting and dispository power with respect to the 756,100 shares of Common Stock held in the Accounts. In addition, as of the date hereof, Kingsnorth and Pegge share with Laxey the power to vote and dispose of 250 shares of Common Stock. Accordingly, Laxey, Kingsnorth and Pegge, as of the date hereof, have voting power and dispositive power over an aggregate of 1,867,050 shares of Common Stock, constituting approximately 13.8% of the shares of Common Stock outstanding. No other person identified in Item 2 shares the power to vote or dispose of any shares of Common Stock. The information contained in Item 2 relating to the persons identified in this Item 5(b) is incorporated by reference. (c) Since the last filing on Schedule 13D, the following open market purchases and sales of Common Stock have been made by Catalyst:
-------------------------------- -------------------------------------------- ---------------------------------- Date of Purchase Number of Shares of Common Stock Bought Price Paid/Share -------------------------------- -------------------------------------------- ---------------------------------- 06/05/01 10,000 $9.91 -------------------------------- -------------------------------------------- ---------------------------------- 06/18/01 45,850 $9.60 -------------------------------- -------------------------------------------- ---------------------------------- -------------------------------- -------------------------------------------- ---------------------------------- Date of Sale Number of Shares of Common Stock Sold Price Per Share -------------------------------- -------------------------------------------- ---------------------------------- 11/16/01 500 $8.12 -------------------------------- -------------------------------------------- ----------------------------------
Since the last filing on Schedule 13D, the following open market purchases and sales of Common Stock have been made by LIL: 13
-------------------------------- -------------------------------------------- ---------------------------------- Date of Purchase Number of Shares of Common Stock Bought Price Paid/Share -------------------------------- -------------------------------------------- ---------------------------------- 06/05/01 10,000 $9.91 -------------------------------- -------------------------------------------- ---------------------------------- 06/18/01 45,850 $9.60 -------------------------------- -------------------------------------------- ---------------------------------- -------------------------------- -------------------------------------------- ---------------------------------- Date of Sale Number of Shares of Common Price Per Share Stock Sold -------------------------------- -------------------------------------------- ---------------------------------- 11/16/01 500 $8.12 -------------------------------- -------------------------------------------- ---------------------------------- Since the last filing on Schedule 13D, the following open market purchase of Common stock has been made by Investors: -------------------------------- -------------------------------------------- ---------------------------------- Date of Purchase Number of Shares of Common Stock Bought Price Paid/Share -------------------------------- -------------------------------------------- ---------------------------------- 01/09/02 300,000 $8.55 -------------------------------- -------------------------------------------- ---------------------------------- Since the last filing on Schedule 13D, the following open market purchases of Common Stock have been made by Laxey Partners Limited: -------------------------------- -------------------------------------------- ---------------------------------- Date of Purchase Number of Shares of Common Stock Bought Price Paid/Share -------------------------------- -------------------------------------------- ---------------------------------- 11/19/01 250 $8.62 -------------------------------- -------------------------------------------- ---------------------------------- Since the last filing on Schedule 13D, the following open market purchases and sales of Common Stock have been made on behalf of the Accounts: -------------------------------- -------------------------------------------- ---------------------------------- Date of Purchase Number of Shares of Common Stock Bought Price Paid/Share -------------------------------- -------------------------------------------- ---------------------------------- 09/04/01 24,000 $9.18 -------------------------------- -------------------------------------------- ---------------------------------- 09/10/01 15,400 $8.17 -------------------------------- -------------------------------------------- ---------------------------------- 09/28/01 100,000 $7.05 -------------------------------- -------------------------------------------- ---------------------------------- 10/24/01 7,600 $7.10 -------------------------------- -------------------------------------------- ---------------------------------- 10/26/01 400 $7.13 -------------------------------- -------------------------------------------- ---------------------------------- 10/31/01 10,000 $7.10 -------------------------------- -------------------------------------------- ---------------------------------- 11/01/01 4,200 $7.18 -------------------------------- -------------------------------------------- ---------------------------------- 11/06/01 700 $7.19 -------------------------------- -------------------------------------------- ---------------------------------- 11/07/01 12,900 $7.47 -------------------------------- -------------------------------------------- ---------------------------------- 11/12/01 7,700 $7.58 -------------------------------- -------------------------------------------- ---------------------------------- 11/13/01 12,600 $7.93 -------------------------------- -------------------------------------------- ---------------------------------- 14 -------------------------------- -------------------------------------------- ---------------------------------- Date of Purchase Number of Shares of Common Stock Bought Price Paid/Share -------------------------------- -------------------------------------------- ---------------------------------- 11/16/01 1,000 $8.12 -------------------------------- -------------------------------------------- ---------------------------------- 11/16/01 6,000 $8.17 -------------------------------- -------------------------------------------- ---------------------------------- 11/27/01 22,600 $8.23 -------------------------------- -------------------------------------------- ---------------------------------- 01/08/02 5,800 $8.71 -------------------------------- -------------------------------------------- ---------------------------------- 01/08/02 200,000 $8.64 -------------------------------- -------------------------------------------- ---------------------------------- 01/09/02 137,500 $8.55 -------------------------------- -------------------------------------------- ---------------------------------- 01/09/02 190,000 $8.55 -------------------------------- -------------------------------------------- ---------------------------------- -------------------------------- -------------------------------------------- ---------------------------------- Date of Sale Number of Shares of Common Price Per Share Stock Sold -------------------------------- -------------------------------------------- ---------------------------------- 9/28/01 2,300 $7.07 -------------------------------- -------------------------------------------- ----------------------------------
No separate transactions were undertaken by Kingsnorth or Pegge during the above time period. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER Item 6 is hereby amended and restated in its entirety as follows: Pursuant to certain agreements dated June 26, 2000 and November 3, 2000, respectively, Laxey is the exclusive investment manager to Catalyst and LIL. Pursuant to certain agreements dated July 5, 2001, October 30, 2001 and November 1, 2001, Laxey is the exclusive investment manager to the Accounts. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Item 7 is hereby amended to supplement the original Item 7 as follows: Exhibit A. Agreement of Joint Filing 15 SIGNATURES After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the undersigned hereby certifies that the information set forth in this Amendment No. 1 to Schedule 13D is true, complete and correct. Dated: January 15, 2002 THE VALUE CATALYST FUND LIMITED By: /s/ James McCarthy ---------------------------------- Name: James McCarthy Title: Director LAXEY INVESTORS LIMITED By: /s/ Andrew Pegge ---------------------------------- Name: Andrew Pegge Title: Director LAXEY PARTNERS LIMITED By: /s/ Andrew Pegge ---------------------------------- Name: Andrew Pegge Title: Director /s/ Colin Kingsnorth -------------------------------------- Colin Kingsnorth /s/ Andrew Pegge -------------------------------------- Andrew Pegge LAXEY INVESTORS L.P. By: Laxey Partners (GP) Limited, as General Partner By: /s/ Andrew Pegge ------------------------------------------ Name: Andrew Pegge Title: Director EXHIBIT A AGREEMENT OF JOINT FILING In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other persons signatory below of a statement on Schedule 13D or any amendments thereto, with respect to the common stock of THE CHILE FUND, INC., and that this Agreement be included as an attachment to such filing. This Agreement may be executed in any number of counterparts each of which shall be deemed an original and all of which together shall be deemed to constitute one and the same Agreement. IN WITNESS WHEREOF, the undersigned hereby execute this Agreement on the 15th day of January, 2002. THE VALUE CATALYST FUND LIMITED By: /s/ James McCarthy ---------------------------------- Name: James McCarthy Title: Director LAXEY INVESTORS LIMITED By: /s/ Andrew Pegge ---------------------------------- Name: Andrew Pegge Title: Director LAXEY PARTNERS LIMITED By: /s/ Andrew Pegge ---------------------------------- Name: Andrew Pegge Title: Director /s/ Colin Kingsnorth ------------------------------------- Colin Kingsnorth /s/ Andrew Pegge ------------------------------------- Andrew Pegge LAXEY INVESTORS L.P. By: Laxey Partners (GP) Limited, as General Partner By: /s/ Andrew Pegge ---------------------------------- Name: Andrew Pegge Title: Director -----END PRIVACY-ENHANCED MESSAGE-----