-----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, SuiNmYf3DJ+fQndpvYukohLpfL8qIzSPf/isVwlfbukTzn7JIaorbaX/iUXJC2hy EjH1icldNPU19C3A4Br7Wg== 0000950134-07-017159.txt : 20070807 0000950134-07-017159.hdr.sgml : 20070807 20070807151314 ACCESSION NUMBER: 0000950134-07-017159 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070807 DATE AS OF CHANGE: 20070807 GROUP MEMBERS: LION FUND LTD GROUP MEMBERS: YORK ASSET MANAGEMENT LTD GROUP MEMBERS: YORK GP LTD GROUP MEMBERS: YORK LION FUND LP GROUP MEMBERS: YORKPROP LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CRG Liquidation CO CENTRAL INDEX KEY: 0000919869 STANDARD INDUSTRIAL CLASSIFICATION: TRANSPORTATION SERVICES [4700] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-47841 FILM NUMBER: 071031365 BUSINESS ADDRESS: STREET 1: 5 RUE GUILLAUME KROLL CITY: L-1882 STATE: N4 ZIP: - BUSINESS PHONE: 3524818283961 MAIL ADDRESS: STREET 1: 5 RUE GUILLAUME KROLL CITY: L-1882 STATE: N4 ZIP: - FORMER COMPANY: FORMER CONFORMED NAME: CRONOS GROUP DATE OF NAME CHANGE: 19940307 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WALKER STEPHEN NICHOLAS CENTRAL INDEX KEY: 0001100271 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 610 5TH AVENUE STREET 2: SUITE 610 CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 4156778990 MAIL ADDRESS: STREET 1: 1 BAY STREET, SUITE 400 STREET 2: PO BOX 12618 CITY: NASSAU STATE: C5 ZIP: ----- SC 13D/A 1 f32725sc13dza.htm AMENDMENT TO SCHEDULE 13D sc13dza
 

 
 
SCHEDULE 13D
(Rule 13d-101)
Information to be Included in Statements Filed Pursuant to Rule 13d-1(a) and
Amendments Thereto Filed Pursuant to Rule 13d-2(a)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
CRG LIQUIDATION COMPANY
(FORMERLY THE CRONOS GROUP)
(Name of Issuer)
Common Shares, $2.00 par value
(Title of Class of Securities)
L20708100
(CUSIP Number)
S. Nicholas Walker
One Bay Street, Suite 400
P. O. Box CB 12618
Nassau, Bahamas
(242) 502-3200
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 1, 2007
(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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box o.
     Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 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 (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).
 
 


 

                     
CUSIP No.
 
L20708100 
13D Page  
2 
  of   
11 Pages 

 

           
1   Name of Reporting Persons/ I.R.S. Identification Nos. of Above Persons (Entities Only)

S. Nicholas Walker
   
     
2   Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)   o 
  (b)   þ 
     
3   SEC Use Only
   
   
     
4   Source of Funds (See Instructions)
   
  Not applicable
     
5   Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)
   
  o
     
6   Citizenship or Place of Organization
   
  United Kingdom
       
  7   Sole Voting Power
     
Number of   - 0 -
       
Shares 8   Shared Voting Power
Beneficially    
Owned by   - 0 -
       
Each 9   Sole Dispositive Power
Reporting    
Person   - 0 -
       
With 10   Shared Dispositive Power
     
    - 0 -
     
11   Aggregate Amount Beneficially Owned by Each Reporting Person
   
  - 0 -
     
12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
13   Percent of Class Represented by Amount in Row (11)
   
  0%
     
14   Type of Reporting Person (See Instructions)
   
  IN


 

                     
CUSIP No.
 
L20708100 
13D Page  
3 
  of   
11 Pages 

 

           
1   Name of Reporting Persons/ I.R.S. Identification Nos. of Above Persons (Entities Only)

The Lion Fund Limited
   
     
2   Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)   o 
  (b)   þ 
     
3   SEC Use Only
   
   
     
4   Source of Funds (See Instructions)
   
  Not applicable
     
5   Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)
   
  o
     
6   Citizenship or Place of Organization
   
  Cayman Islands
       
  7   Sole Voting Power
     
Number of   - 0 -
       
Shares 8   Shared Voting Power
Beneficially    
Owned by   - 0 -
       
Each 9   Sole Dispositive Power
Reporting    
Person   - 0 -
       
With 10   Shared Dispositive Power
     
    - 0 -
     
11   Aggregate Amount Beneficially Owned by Each Reporting Person
   
  - 0 -
     
12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
13   Percent of Class Represented by Amount in Row (11)
   
  0%
     
14   Type of Reporting Person (See Instructions)
   
  OO


 

                     
CUSIP No.
 
L20708100 
13D Page  
4 
  of   
11 Pages 

 

           
1   Name of Reporting Persons/ I.R.S. Identification Nos. of Above Persons (Entities Only)

York Lion Fund, L.P.
   
     
2   Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)   o 
  (b)   þ 
     
3   SEC Use Only
   
   
     
4   Source of Funds (See Instructions)
   
  Not applicable
     
5   Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)
   
  o
     
6   Citizenship or Place of Organization
   
  Cayman Islands
       
  7   Sole Voting Power
     
Number of   - 0 -
       
Shares 8   Shared Voting Power
Beneficially    
Owned by   - 0 -
       
Each 9   Sole Dispositive Power
Reporting    
Person   - 0 -
       
With 10   Shared Dispositive Power
     
    - 0 -
     
11   Aggregate Amount Beneficially Owned by Each Reporting Person
   
  - 0 -
     
12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
13   Percent of Class Represented by Amount in Row (11)
   
  0%
     
14   Type of Reporting Person (See Instructions)
   
  PN


 

                     
CUSIP No.
 
L20708100 
13D Page  
5 
  of   
11 Pages 

 

           
1   Name of Reporting Persons/ I.R.S. Identification Nos. of Above Persons (Entities Only)

York GP, Ltd.
   
     
2   Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)   o 
  (b)   þ 
     
3   SEC Use Only
   
   
     
4   Source of Funds (See Instructions)
   
  Not applicable
     
5   Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)
   
  o
     
6   Citizenship or Place of Organization
   
  Cayman Islands
       
  7   Sole Voting Power
     
Number of   - 0 -
       
Shares 8   Shared Voting Power
Beneficially    
Owned by   - 0 -
       
Each 9   Sole Dispositive Power
Reporting    
Person   - 0 -
       
With 10   Shared Dispositive Power
     
    - 0 -
     
11   Aggregate Amount Beneficially Owned by Each Reporting Person
   
  - 0 -
     
12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
13   Percent of Class Represented by Amount in Row (11)
   
  0%
     
14   Type of Reporting Person (See Instructions)
   
  OO


 

                     
CUSIP No.
 
L20708100 
13D Page  
6 
  of   
11 Pages 

 

           
1   Name of Reporting Persons/ I.R.S. Identification Nos. of Above Persons (Entities Only)

York Asset Management Limited
   
     
2   Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)   o 
  (b)   þ 
     
3   SEC Use Only
   
   
     
4   Source of Funds (See Instructions)
   
  Not applicable
     
5   Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)
   
  o
     
6   Citizenship or Place of Organization
   
  Bahamas
       
  7   Sole Voting Power
     
Number of   - 0 -
       
Shares 8   Shared Voting Power
Beneficially    
Owned by   - 0 -
       
Each 9   Sole Dispositive Power
Reporting    
Person   - 0 -
       
With 10   Shared Dispositive Power
     
    - 0 -
     
11   Aggregate Amount Beneficially Owned by Each Reporting Person
   
  - 0 -
     
12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
13   Percent of Class Represented by Amount in Row (11)
   
  0%
     
14   Type of Reporting Person (See Instructions)
   
  OO


 

                     
CUSIP No.
 
L20708100 
13D Page  
7 
  of   
11 Pages 

 

           
1   Name of Reporting Persons/ I.R.S. Identification Nos. of Above Persons (Entities Only)

YorkProp Limited
   
     
2   Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)   o 
  (b)   þ 
     
3   SEC Use Only
   
   
     
4   Source of Funds (See Instructions)
   
  Not applicable
     
5   Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)
   
  o
     
6   Citizenship or Place of Organization
   
  British Virgin Islands
       
  7   Sole Voting Power
     
Number of   - 0 -
       
Shares 8   Shared Voting Power
Beneficially    
Owned by   - 0 -
       
Each 9   Sole Dispositive Power
Reporting    
Person   - 0 -
       
With 10   Shared Dispositive Power
     
    - 0 -
     
11   Aggregate Amount Beneficially Owned by Each Reporting Person
   
  - 0 -
     
12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
13   Percent of Class Represented by Amount in Row (11)
   
  0%
     
14   Type of Reporting Person (See Instructions)
   
  OO


 

                     
CUSIP No.
 
L20708100 
13D Page  
8 
  of   
11 Pages 
     This Amendment No. 6 to Schedule 13D amends the Schedule 13D filed with the Securities and Exchange Commission (“SEC”) on May 15, 2003, as amended by Amendment No. 1 to the Schedule 13D, filed with the SEC on July 1, 2003, as amended by Amendment No. 2 to the Schedule 13D, filed with the SEC on August 13, 2003, as amended by Amendment No. 3 to the Schedule 13D, filed with the SEC on April 15, 2005, as amended by Amendment No. 4 to the Schedule 13D, filed with the SEC on May 13, 2005, and as amended by Amendment No. 5 to the Schedule 13D, filed with the SEC on March 5, 2007, by The Lion Fund Limited, a Cayman Islands exempted company (“LFL”), York Lion Fund, L.P., a Cayman Islands limited partnership (“Lion L.P.”), York GP, Ltd., a Cayman Islands exempted company (“York GP”), York Asset Management Limited, a company organized in the Commonwealth of Bahamas (“YAML”), YorkProp Limited, a British Virgin Islands company (“YorkProp”), and S. Nicholas Walker, with respect to the common shares, $2.00 par value per share, of CRG Liquidation Company, formerly known as The Cronos Group (the “Issuer”). LFL, Lion L.P., York GP, YAML, YorkProp, and S. Nicholas Walker are referred to collectively herein as the “Reporting Persons.” The Schedule 13D, as amended to date, is referred to herein as the “Schedule 13D.”
     This Amendment is being filed to report the disposition by the Reporting Persons of all of the securities of the Issuer reported to be beneficially owned by the Reporting Persons in the Schedule 13D. Except as amended and supplemented hereby, the Schedule 13D remains in full force and effect.
Item 5. Interest in Securities of the Issuer.
     Item 5 of the Schedule 13D is hereby amended to read in its entirety as follows:
     At the special meeting of the shareholders of the Issuer held on August 1, 2007, the shareholders approved CRX Acquisition Ltd.’s acquisition of all of the assets, and assumption of all of the liabilities, of the Issuer (the “Assets Sale”). Promptly following the meeting, the closing of the Assets Sale took place, and CRX Acquisition Ltd. deposited the sale proceeds of $133,679,640 with the Issuer’s paying agent. From this cash payment, the Issuer proceeded to make a liquidating distribution to its shareholders of $16.00 per share, without interest (the “Liquidating Distribution”).
     As reported in the Schedule 13D, Mr. Walker had the right to acquire 45,126 common shares of the Issuer upon exercise of vested director’s options and 4,867 common shares of the Issuer upon settlement of director’s stock units. Also as reported in the Schedule 13D, Mr. Walker held 3,000 restricted shares. In order to facilitate the participation of the holders of the Issuer’s options, director’s stock units, and restricted shares in the Liquidating Distribution, the Compensation Committee of the Issuer’s Board of Directors resolved to, upon closing of the Assets Sale, (i) accelerate the vesting of restricted shares and director’s stock units, to the extent not already vested, and (ii) provide for the issuance, on a net issuance basis, of common shares issuable under the Issuer’s outstanding stock options. The Compensation Committee’s resolutions were approved by the Issuer’s full Board of Directors. As part of the Assets Sale and effective August 1, 2007, all of Mr. Walker’s stock options were exercised, and director’s stock units were settled, for common shares of the Issuer, and all of Mr. Walker’s restricted shares vested. Also as part of the Assets Sale and effective August 1, 2007, Mr. Walker and each other Reporting Person exchanged all common shares of the Issuer beneficially owned by them for the

 


 

                     
CUSIP No.
 
L20708100 
13D Page  
9 
  of   
11 Pages 
Liquidating Distribution. Accordingly, the Reporting Persons no longer beneficially own any securities of the Issuer.
Item 7. Material to be Filed as Exhibits.
  1.   Joint Filing Agreement (incorporated by reference to Exhibit 2 of the Reporting Persons’ Amendment No. 4 to Schedule 13D filed on May 13, 2005).
 
  2.   Power of Attorney of The Lion Fund Limited (incorporated by reference to Exhibit 2 of the Reporting Persons’ Schedule 13D filed on May 15, 2003).
 
  3.   Power of Attorney of S. Nicholas Walker (incorporated by reference to Exhibit 3 of the Reporting Persons’ Schedule 13D filed on May 15, 2003).
 
  4.   Power of Attorney of York Lion Fund L.P. (incorporated by reference to Exhibit 4 of the Reporting Persons’ Amendment No. 3 to the Schedule 13D filed on April 15, 2005).
 
  5.   Power of Attorney of York GP, Ltd. (incorporated by reference to Exhibit 5 of the Reporting Persons’ Amendment No. 3 to the Schedule 13D filed on April 15, 2005).
 
  6.   Power of Attorney of York Asset Management Limited (incorporated by reference to Exhibit 6 of the Reporting Persons’ Amendment No. 3 to the Schedule 13D filed on April 15, 2005).
 
  7.   Power of Attorney of YorkProp Limited (incorporated by reference to Exhibit 8 of the Reporting Persons’ Amendment No. 4 to the Schedule 13D filed on May 13, 2005).

 


 

                     
CUSIP No.
 
L20708100 
13D Page  
10 
  of   
11 Pages 
SIGNATURES
     After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
             
Dated: August 7, 2007   THE LION FUND LIMITED
 
           
 
  By:   York Asset Management Limited,    
 
      Investment Manager    
 
           
 
  By:   /s/ S. Nicholas Walker    
 
           
 
      S. Nicholas Walker,    
 
      Managing Director    
 
           
 
  /s/ S. Nicholas Walker    
 
       
 
  S. NICHOLAS WALKER    
 
           
 
  YORK LION FUND, L.P.    
 
           
    York Lion Fund, L.P.
 
           
 
  By:   York GP, Ltd.,    
 
      General Partner    
 
           
 
  By:   /s/ S. Nicholas Walker    
 
           
 
      S. Nicholas Walker,    
 
      Managing Director    
 
           
    YORK GP, LTD.
 
           
 
  By:   /s/ S. Nicholas Walker    
 
           
 
      S. Nicholas Walker,    
 
      Managing Director    

 


 

                     
CUSIP No.
 
L20708100 
13D Page  
11 
  of   
11 Pages 
SIGNATURES
(Continued)
         
    YORK ASSET MANAGEMENT LIMITED
 
       
 
  By:   /s/ S. Nicholas Walker
 
       
 
      S. Nicholas Walker,
 
      Managing Director
 
       
    YORKPROP LIMITED
 
       
 
  By:   York Asset Management Limited,
 
      Investment Manager
 
       
 
  By:   /s/ S. Nicholas Walker
 
       
 
      S. Nicholas Walker,
 
      Managing Director

 

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