-----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, OUOQKamdaow0vlEb9MX2UIGQUpTmreOU2uCzVEYdE0Smze6pArJP7MWtobTeYOgA DP0rObeIF+dGFA7PkGCp6A== 0000898822-98-000779.txt : 19980810 0000898822-98-000779.hdr.sgml : 19980810 ACCESSION NUMBER: 0000898822-98-000779 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980807 SROS: NYSE GROUP MEMBERS: ANASTA HOLDINGS LIMITED GROUP MEMBERS: FLAIR INVESTMENT HOLDINGS LIMITED GROUP MEMBERS: JOEL J. HOROWITZ GROUP MEMBERS: SPORTSWEAR HOLDINGS LTD GROUP MEMBERS: THOMAS J. HILFIGER GROUP MEMBERS: WESTLEIGH LIMITED SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HILFIGER TOMMY CORP CENTRAL INDEX KEY: 0000888747 STANDARD INDUSTRIAL CLASSIFICATION: MEN'S & BOYS' FURNISHINGS, WORK CLOTHING, AND ALLIED GARMENTS [2320] IRS NUMBER: 000000000 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-44195 FILM NUMBER: 98679830 BUSINESS ADDRESS: STREET 1: 6/F PRECIOUS INDUSTRIAL CENTRE STREET 2: 18 CHEUNG YUE ST CITY: CHEUNG SHA WAN KOWLO STATE: K3 BUSINESS PHONE: 8522747798 MAIL ADDRESS: STREET 1: 25 WEST 39TH STREET CITY: NEW YORK STATE: NY ZIP: 10018 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SPORTSWEAR HOLDINGS LTD CENTRAL INDEX KEY: 0001061945 STANDARD INDUSTRIAL CLASSIFICATION: [] FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: CRAIGMUIR CHAMBERS STREET 2: PO BOX 71, ROAD TOWN, TORTOLA, BRITISH CITY: VIRGIN ISLANDS BUSINESS PHONE: 011441812318887 SC 13D/A 1 SCHEDULE 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 1) TOMMY HILFIGER CORPORATION (Name of Issuer) ORDINARY SHARES, PAR VALUE $0.01 PER SHARE (Title of Class of Securities) G8915Z10 (CUSIP Number) JOEL J. HOROWITZ C/O TOMMY HILFIGER U.S.A., INC. 25 WEST 39TH STREET NEW YORK, NEW YORK 10018 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 24, 1998 (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box: [ ] (Continued on following pages) (Page 1 of 18 Pages) SCHEDULE 13D/A - ----------------------------------------- ---------------------------------- CUSIP NO. G8915Z10 Page 2 of 18 - ----------------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ANASTA HOLDINGS LIMITED - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF-OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE ORGANIZATION BRITISH VIRGIN ISLANDS - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 271,378 ------------------------------------------------------------------ SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- ------------------------------------------------------------------ OWNED BY 9 SOLE DISPOSITIVE POWER -0- EACH ------------------------------------------------------------------ REPORTING 10 SHARED DISPOSITIVE POWER PERSON WITH 9,045,930 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,045,930 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.3% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, REPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 2 SCHEDULE 13D - ----------------------------------------- ---------------------------------- CUSIP NO. G8915Z10 Page 3 of 18 - ----------------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SPORTSWEAR HOLDINGS LIMITED - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF-OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE ORGANIZATION BRITISH VIRGIN ISLANDS - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF -0- ------------------------------------------------------------------ SHARES 8 SHARED VOTING POWER BENEFICIALLY 6,142,187 ------------------------------------------------------------------ OWNED BY 9 SOLE DISPOSITIVE POWER -0- EACH ------------------------------------------------------------------ REPORTING 10 SHARED DISPOSITIVE POWER PERSON WITH 9,045,930 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,045,930 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.3% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, REPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 3 SCHEDULE 13D - ----------------------------------------- ---------------------------------- CUSIP NO. G8915Z10 Page 4 of 18 - ----------------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WESTLEIGH LIMITED - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF-OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE ORGANIZATION BRITISH VIRGIN ISLANDS - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF -0- ------------------------------------------------------------------ SHARES 8 SHARED VOTING POWER BENEFICIALLY 6,142,187 ------------------------------------------------------------------ OWNED BY 9 SOLE DISPOSITIVE POWER -0- EACH ------------------------------------------------------------------ REPORTING 10 SHARED DISPOSITIVE POWER PERSON WITH 9,045,930 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,045,930 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.3% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, REPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 4 SCHEDULE 13D - ----------------------------------------- ---------------------------------- CUSIP NO. G8915Z10 Page 5 of 18 - ----------------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON FLAIR INVESTMENT HOLDINGS LIMITED - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF-OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE ORGANIZATION BRITISH VIRGIN ISLANDS - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF -0- ------------------------------------------------------------------ SHARES 8 SHARED VOTING POWER BENEFICIALLY 6,142,187 ------------------------------------------------------------------ OWNED BY 9 SOLE DISPOSITIVE POWER -0- EACH ------------------------------------------------------------------ REPORTING 10 SHARED DISPOSITIVE POWER PERSON WITH 9,045,930 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,045,930 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.3% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, REPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 5 SCHEDULE 13D - ----------------------------------------- ---------------------------------- CUSIP NO. G8915Z10 Page 6 of 18 - ----------------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON THOMAS J. HILFIGER - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF-OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE ORGANIZATION UNITED STATES OF AMERICA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 1,984,274 ------------------------------------------------------------------ SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- ------------------------------------------------------------------ OWNED BY 9 SOLE DISPOSITIVE POWER 10,000 EACH ------------------------------------------------------------------ REPORTING 10 SHARED DISPOSITIVE POWER PERSON WITH 9,045,930 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,055,930 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, REPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 6 SCHEDULE 13D - ----------------------------------------- ---------------------------------- CUSIP NO. G8915Z10 Page 7 of 18 - ----------------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON JOEL J. HOROWITZ - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF-OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE ORGANIZATION UNITED STATES OF AMERICA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 668,691 ------------------------------------------------------------------ SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- ------------------------------------------------------------------ OWNED BY 9 SOLE DISPOSITIVE POWER 10,600 EACH ------------------------------------------------------------------ REPORTING 10 SHARED DISPOSITIVE POWER PERSON WITH 9,045,930 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,056,530 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, REPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 7 ITEM 2. IDENTITY AND BACKGROUND. Item 2 is hereby amended and restated as follows: This Statement (Amendment No. 1) is being filed by Anasta Holdings Limited, a British Virgin Islands corporation ("Anasta"), Sportswear Holdings Limited, a British Virgin Islands corporation ("Sportswear"), Westleigh Limited, a British Virgin Islands corporation ("Westleigh"), Flair Investment Holdings Limited, a British Virgin Islands corporation ("Flair"), Thomas J. Hilfiger ("Hilfiger") and Joel J. Horowitz ("Horowitz" and, collectively with Anasta, Sportswear, Westleigh, Flair and Hilfiger, the "Filing Persons") to amend the Statement on Schedule 13D filed with the Securities and Exchange Commission on May 18, 1998 by the Filing Persons, Pepe Jeans London Corporation, a British Virgin Islands corporation ("PJLC"), Blackwatch Investments Limited, a British Virgin Islands corporation ("Blackwatch"), and AIHL Investment Group Limited, a British Virgin Islands corporation ("AIHL" and, collectively with the Filing Persons, PJLC and Blackwatch, the "Original Filing Persons"). Anasta's principal business is investment holdings. The principal business address and the address of the principal office of Anasta is The Tropic Isle Building, P.O. Box 438, Wickhams Cay, Tortola, British Virgin Islands. The capital stock of Anasta is owned by a revocable trust, the settlor of which is Silas K.F. Chou, the Chairman of the Board of Directors of the Company. Sportswear is directly owned 50% by Westleigh and 50% by Flair. Sportswear's principal business is investment holdings. The principal business address and the address of the principal office of Sportswear is Craigmuir Chambers, P.O. Box 71, Road Town, Tortola, British Virgin Islands. 8 Westleigh's principal business is investment holdings. The principal business address and the address of the principal office of Westleigh is Craigmuir Chambers, P.O. Box 71, Road Town, Tortola, British Virgin Islands. Westleigh is ultimately controlled by its directors, Kuang-Piu Chao, Silas K.F. Chou, Ronald K.Y. Chao, a director of the Company, and Susana Chou. Flair's principal business is investment holdings. The principal business address and the address of the principal office of Flair is Woodbourne Hall, P.O. Box 3162, Road Town, Tortola, British Virgin Islands. Flair is a wholly-owned subsidiary of Gadwal Limited, a Hong Kong corporation ("Gadwal"). The capital stock of Gadwal is owned by a trust, of which Lawrence S. Stroll, an executive officer and director of the Company, is the beneficiary. Gadwal's principal business is investment holdings. The principal business address and the address of the principal office of Gadwal is 17/F, Princes Building, 10 Chater Road, Central, Hong Kong. Hilfiger is the Company's Honorary Chairman and Principal Designer. Horowitz is the Company's Chief Executive Officer and President. The Company designs, sources and markets men's and women's sportswear, jeanswear and childrenswear under the TOMMY HILFIGER(R) and other trademarks. The business address for Hilfiger is Tommy Hilfiger U.S.A., Inc., 485 Fifth Avenue, New York, New York 10017. The business address for Horowitz is Tommy Hilfiger U.S.A., Inc., 25 West 39th Street, New York, New York 10018. Each of Hilfiger and Horowitz is a citizen of the United States of America. Set forth in Appendix A attached hereto and incorporated herein by reference are the name, title, business address, principal occupation and address of the business in which the principal occupation is conducted, and citizenship of each executive officer and director of the Filing Persons and other entities as to which such information is required to be disclosed in response to Item 2 and General Instruction C to Schedule 13D. During the last five years, none of the Filing Persons, or, to the knowledge of the Filing Persons, any of the persons listed on Appendix A hereto, (i) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) has 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 judgment, 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 as follows: On May 8, 1998, PJLC acquired 9,045,930 Ordinary Shares (the "Transaction Shares") in connection with its sale of all of the outstanding shares of capital stock of Pepe Jeans USA, Inc. to Tommy Hilfiger U.S.A., Inc. ("TH USA"), a wholly owned subsidiary of the Company, pursuant to a Stock Purchase Agreement, dated as of January 31, 1998, by and among the Company, TH USA, Tommy Hilfiger (Eastern Hemisphere) Limited and PJLC (the "Stock Purchase Agreement") for $730,760,000 in cash and the Transaction Shares. The Stock Purchase 9 Agreement is included as Exhibit (1) and is incorporated herein by reference. Prior to the acquisition of the Transaction Shares by PJLC, Hilfiger owned 10,000 Ordinary Shares previously acquired by him with personal funds. Prior to the acquisition by PJLC of the Transaction Shares, Horowitz owned 10,600 Ordinary Shares previously acquired by him with personal funds. On July 24, 1998, (a) PJLC transferred the Transaction Shares to Blackwatch, (b) Blackwatch transferred the Transaction Shares that it received from PJLC to AIHL and Anasta, and (c) AIHL transferred the Transaction Shares that it received from Blackwatch to Sportswear, Hilfiger and Horowitz. ITEM 4. PURPOSE OF THE TRANSACTION. Item 4 is hereby amended and restated as follows: PJLC acquired the Transaction Shares for investment purposes in connection with the sale of the capital stock of Pepe Jeans USA, Inc. to TH USA pursuant to the Stock Purchase Agreement. The Filing Persons contemplate that the Transaction Shares may be further transferred among the Filing Persons as permitted under the provisions of the Lock-Up Agreement described in Item 6 below. Other than as described above, none of the Filing Persons has any plan or proposal which relates to or would result in any of the transactions described in clauses (a) through (j) of Item 4 of Form 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 is hereby amended and restated as follows: As of July 24, 1998, Anasta directly beneficially owns 271,378 Ordinary Shares and may be deemed to beneficially own an additional 8,774,552 Ordinary Shares due to the fact that it is a party to the Lock-Up Agreement described in Item 6 below, together representing 19.3% of the outstanding Ordinary Shares. As of July 24, 1998, Sportswear directly beneficially owns 6,142,187 Ordinary Shares and may be deemed to beneficially own an additional 2,903,743 Ordinary Shares due to the fact that it is a party to the Lock-Up Agreement described in Item 6 below, together representing 19.3% of the outstanding Ordinary Shares. As of July 24, 1998 each of Westleigh and Flair may be deemed to beneficially own 9,045,930 Ordinary Shares, representing 19.3% of the outstanding Ordinary Shares, through their respective direct ownership of the capital stock of Sportswear. As of July 24, 1998, Hilfiger directly beneficially owns 1,984,274 Ordinary Shares and may be deemed to beneficially own an additional 7,071,656 Ordinary Shares due to the fact that he is a party to the Lock-Up Agreement described in Item 6 below, together representing 19.4% of the outstanding Ordinary Shares. As of July 24, 1998, Horowitz directly beneficially owns 668,691 Ordinary Shares and may be deemed to beneficially own an additional 8,387,839 Ordinary Shares due to the fact that he is a party to the Lock-Up Agreement described in Item 6 below, together representing 19.4% of the outstanding Ordinary Shares. The Filing Persons may be deemed to have shared dispositive power over the Transaction Shares (9,045,930 Ordinary Shares). Hilfiger has sole voting power over 1,984,274 Ordinary Shares and sole dispositive power over 10,000 Ordinary Shares. Horowitz has sole voting power over 668,691 Ordinary Shares and sole dispositive power over 10,600 Ordinary Shares. Anasta has sole voting power over 271,378 Ordinary Shares. Sportswear, Westleigh and Flair may be deemed to share voting power over the 6,142,187 Ordinary Shares directly beneficially owned by Sportswear. 10 Other than as described above in Item 3, none of the Filing Persons or, to the knowledge of the Filing Persons, any of the persons listed in Appendix A hereto, has effected any transactions in the Ordinary Shares during the sixty days preceding the date of this report, except that since May 18, 1998, the date of filing of the original statement on Form 13D, the various investment companies of which Messrs. Romagossa and Palliser serve as directors have disposed of 1,700 Ordinary Shares. Annex A hereto sets forth additional information, to the knowledge of the Filing Persons, as to the beneficial ownership of Ordinary Shares (other than the Transaction Shares) by the persons listed in Annex A. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Item 6 is hereby amended and restated as follows: Lock-Up Agreement. At the time that the parties entered into the Stock Purchase Agreement, PJLC, Blackwatch, AIHL, Anasta, Sportswear, Westleigh, Gadwal (which subsequently assigned its rights and obligations thereunder to Flair), Hilfiger and Horowitz entered into a Lock-Up Agreement (the "Lock-Up Agreement") with the Company. Under the Lock-Up Agreement, the Original Filing Persons agreed, with certain exceptions, that prior to May 8, 2000, they will not sell or transfer the Transaction Shares. This transfer restriction does not apply to (1) sales or transfers of 3% of the Transaction Shares (i) to another Original Filing Person or a permitted transferee thereof or (ii) to any person or entity so long as Anasta beneficially owns such shares following the sale or transfer, (2) sales or transfers of the remaining 97% of the Transaction Shares so long as following such sale or transfer such Transaction Shares are beneficially owned 22.5% by Hilfiger, 7.5% by Horowitz, 35% by Westleigh and 35% by Flair, (3) sales or transfers upon Hilfiger's or Horowitz's death or incapacity to their respective legal or personal representatives and (4) transfers or sales in connection with a merger, consolidation or other business combination of the Company. The Original Filing Persons also agreed in the Lock-Up Agreement, subject to certain exceptions, that from May 8, 2000 until May 8, 2003 they will not sell or transfer the Transaction Shares to any person or entity who would, to such Original Filing Person's knowledge, beneficially own, immediately following the sale or transfer, 5% or more of the then outstanding Ordinary Shares. The provisions of the Lock-Up Agreement providing for the restriction on transfers through May 8, 2000 and the permitted exceptions described above may be amended only with the approval of a majority of votes cast at a meeting of shareholders of the Company (excluding the votes cast by the Original Filing Persons and their affiliates). The Lock-Up Agreement is included as Exhibit (2) and is incorporated herein by reference. Registration Rights Agreement. On May 8, 1998, the Original Filing Persons entered into a Registration Rights Agreement (the "Registration Rights Agreement") with the Company. Under the Registration Rights Agreement, the Original Filing Persons, along with their successors and permitted transferees under the Lock-Up Agreement (collectively, the "Holders") will have the right to require the Company to register sales by the Holders of the Transaction Shares after May 8, 2000. The Holders are limited to a total of four such demand registrations. Any demand registration must include at least 1,000,000 Transaction Shares (subject to adjustment for stock splits and similar actions involving the Ordinary Shares). In addition, if following May 8, 2000, the Company proposes to file a registration statement under the Securities Act of 1933, as amended, that would also permit registration of the Transaction Shares (with certain exceptions), then the Company will provide the Holders an opportunity to register their Transaction Shares in connection with such registration. The 11 Registration Rights Agreement is filed as Exhibit (3) hereto and is incorporated herein by reference. 12 SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. August 7, 1998 ANASTA HOLDINGS LIMITED SPORTSWEAR HOLDINGS LIMITED WESTLEIGH LIMITED FLAIR INVESTMENT HOLDINGS LIMITED THOMAS J. HILFIGER JOEL J. HOROWITZ By: SPORTSWEAR HOLDINGS LIMITED By: /s/ Silas K. F. Chou* Name: Silas K. F. Chou Title: President, Treasurer and Director * For each of the Filing Persons pursuant to the Joint Filing Agreement dated May 14, 1998 Annex A The name, title, business address, present principal occupation and the address of business in which the principal occupation is conducted, and citizenship of each director and executive officer of Anasta Holdings Limited, are set forth below.
PRESENT ADDRESS OF BUSINESS PRINCIPAL IN WHICH PRINCIPAL NAME TITLE BUSINESS ADDRESS OCCUPATION OCCUPATION CONDUCTED CITIZENSHIP Gath A.T. Hewlett Vice Hamilton Trust and Corporate Hamilton Trust and Great President, Management Company Manager of Management Company Britain Treasurer The Tropic Isle Building Hamilton Trust The Tropic Isle Building and Director P.O. Box 438 and Management P.O. Box 438 Wickhams Cay, Tortola Company Wickhams Cay, Tortola British Virgin Islands British Virgin Islands Merthlyn Penn Director Hamilton Trust and Corporate Hamilton Trust and Great Management Company Manager of Management Company Britain The Tropic Isle Building Hamilton Trust The Tropic Isle Building P.O. Box 438 and Management P.O. Box 438 Wickhams Cay, Tortola Company Wickhams Cay, Tortola British Virgin Islands British Virgin Islands Linda Massac President Hamilton Trust and Corporate Hamilton Trust and Great and Director Management Company Manager of Management Company Britain The Tropic Isle Building Hamilton Trust The Tropic Isle Building P.O. Box 438 and Management P.O. Box 438 Wickhams Cay, Tortola Company Wickhams Cay, Tortola British Virgin Islands British Virgin Islands
13 The name, title, business address, present principal occupation and the address of business in which the principal occupation is conducted, and citizenship of each director and executive officer of Sportswear Holdings Limited, are set forth below.
PRESENT ADDRESS OF BUSINESS PRINCIPAL IN WHICH PRINCIPAL NAME TITLE BUSINESS ADDRESS OCCUPATION OCCUPATION CONDUCTED CITIZENSHIP Silas K.F. Chou President, Novel Enterprises Ltd. Director and Tommy Hilfiger Corporation Portugal Treasurer 12/F, Novel Industrial Bldg. Executive 6/F, Precious Industrial Centre and Director 850-870 Lai Chi Kok Road Officer of the Cheung Sha Wan, Kowloon Cheung Sha Wan, Kowloon Company Hong Kong Hong Kong Director and Novel Enterprises Ltd. Executive 12/F, Novel Industrial Bldg. Officer of Novel 850-870 Lai Chi Kok Road Enterprises Cheung Sha Wan, Kowloon Limited Hong Kong Lawrence S. Stroll Vice Pepe Group Limited Director and Tommy Hilfiger Corporation Canada President, 11 Lower Square Executive 6/F, Precious Industrial Centre Managing Old Isleworth Officer of the Cheung Sha Wan, Kowloon Director and Middlesex, UK TW7 6BN Company Hong Kong Director Ronald K.Y. Chao* Director Novel Enterprises Ltd. Director and Novel Enterprises Ltd. Great 12/F, Novel Industrial Bldg. Executive 12/F, Novel Industrial Bldg. Britain (HK) 850-870 Lai Chi Kok Road Officer of Novel 850-870 Lai Chi Kok Road Cheung Sha Wan, Kowloon Enterprises Cheung Sha Wan, Kowloon Hong Kong Limited Hong Kong Leo Stroll Director Tommy Hilfiger Canada Director and Tommy Hilfiger Canada Inc. Canada Inc. Executive 7077, avenue du Parc 7077, avenue du Parc Officer of Tommy Suite #502 Suite #502 Hilfiger Canada Montreal, Quebec Montreal, Quebec Inc. Canada H3N 1X7 Canada H3N 1X7
- ---------- * See Notes to Annex A 14 The name, title, business address, present principal occupation and the address of business in which the principal occupation is conducted, and citizenship of each director of Westleigh Limited, are set forth below.
PRESENT ADDRESS OF BUSINESS PRINCIPAL IN WHICH PRINCIPAL NAME TITLE BUSINESS ADDRESS OCCUPATION OCCUPATION CONDUCTED CITIZENSHIP Kuang-Piu Chao Director 12/F, Novel Industrial Director and 12/F, Novel Industrial Building China Building Executive 850-870 Lai Chi Kok Road 850-870 Lai Chi Kok Road Officer of Novel Cheung Sha Wan, Kowloon Cheung Sha Wan, Kowloon Enterprises Hong Kong Hong Kong Limited Silas K.F. Chou Director Novel Enterprises Ltd. Director and Tommy Hilfiger Corporation Portugal 12/F, Novel Industrial Bldg. Executive 6/F, Precious Industrial Centre 850-870 Lai Chi Kok Road Officer of the Cheung Sha Wan, Kowloon Cheung Sha Wan, Kowloon Company Hong Kong Hong Kong Director and Novel Enterprises Ltd. Executive 12/F, Novel Industrial Bldg. Officer of Novel 850-870 Lai Chi Kok Road Enterprises Cheung Sha Wan, Kowloon Limited Hong Kong Ronald K.Y. Chao* Director Novel Enterprises Ltd. Director and Novel Enterprises Ltd. Great 12/F, Novel Industrial Bldg. Executive 12/F, Novel Industrial Building Britain (HK) 850-870 Lai Chi Kok Road Officer of Novel 850-870 Lai Chi Kok Road Cheung Sha Wan, Kowloon Enterprises Cheung Sha Wan, Kowloon Hong Kong Limited Hong Kong Susana Chou Director Avenida de Vendeslau de Director and Novel Enterprises Ltd. Portugal Morais Executive 12/F, Novel Industrial Building No. 181-183 Edificio Officer of 850-870 Lai Chi Kok Road Industrial Va Novel Cheung Sha Wan, Kowloon Meng, Enterprises Hong Kong 1 Andar, Macau Limited
- ---------- * See Notes to Annex A 15 The name, title, business address, present principal occupation and the address of business in which the principal occupation is conducted, and citizenship of each director of Flair Investment Holdings Limited, are set forth below.
PRESENT ADDRESS OF BUSINESS PRINCIPAL IN WHICH PRINCIPAL NAME TITLE BUSINESS ADDRESS OCCUPATION OCCUPATION CONDUCTED CITIZENSHIP Lawrence S. Stroll Director Pepe Group Limited Director and Tommy Hilfiger Corporation Canada 11 Lower Square Executive 6/F, Precious Industrial Centre Old Isleworth Officer of the Cheung Sha Wan, Kowloon Middlesex, UK TW7 6BN Company Hong Kong Marcos Romagosa* Director IMG (Monaco) Officer of IMG IMG (Monaco) Spain Est-Ouest (Monaco) Est-Ouest 24, Blvd. Princess Charlotte 24, Blvd. Princess Charlotte Monte-Carlo Monte-Carlo MC 98000 Monaco MC 98000 Monaco John Palliser* Director IMG (Monaco) Officer of IMG IMG (Monaco) Great Est-Ouest (Monaco) Est-Ouest Britain 24, Blvd. Princess Charlotte 24, Blvd. Princess Charlotte Monte-Carlo Monte-Carlo MC 98000 Monaco MC 98000 Monaco
- ---------- * See Notes to Annex A 16 The name, title, business address, present principal occupation and the address of business in which the principal occupation is conducted, and citizenship of each director of Gadwal Limited, are set forth below.
PRESENT ADDRESS OF BUSINESS PRINCIPAL IN WHICH PRINCIPAL NAME TITLE BUSINESS ADDRESS OCCUPATION OCCUPATION CONDUCTED CITIZENSHIP Lawrence S. Stroll Director Pepe Group Limited Director and Tommy Hilfiger Corporation Canada 11 Lower Square Executive 6/F, Precious Industrial Centre Old Isleworth Officer of the Cheung Sha Wan, Kowloon Middlesex, UK TW7 6BN Company Hong Kong Jonathan J. Robinson Director Robinson Sheppard Shapiro Attorney Robinson Sheppard Shapiro Canada Stock Exchange Tower Stock Exchange Tower 800 Place Victoria 800 Place Victoria Suite 4700 Suite 4700 Montreal, Quebec, Montreal, Quebec, Canada H4Z 1H6 Canada H4Z 1H6
17 Notes to Annex A 1. Mr. Chao has the right to acquire beneficial ownership of 4,400 Ordinary Shares pursuant to currently exercisable stock options previously granted to him under the Company's stock incentive plans. "Currently exercisable options" for the purposes of the above include options becoming vested and exercisable within 60 days from the date of this report. 2. As of June 30, 1998, Messrs. Romagosa and Palliser may be deemed to beneficially own 7,500 Ordinary Shares held by various investment companies of which they serve as directors. 18 -----END PRIVACY-ENHANCED MESSAGE-----