-----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, PaUz4D8yCKYOQCBlWDZ0GyNFEbmZ2g/CYxgn0SUxEJ0Ft+tWWum2wpdtOj0T9ZN7 cePxCsdGTTeQL/ceS2+b5A== 0000902664-00-000011.txt : 20000202 0000902664-00-000011.hdr.sgml : 20000202 ACCESSION NUMBER: 0000902664-00-000011 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000111 GROUP MEMBERS: ORBIS ASSET MANAGEMENT LIMITED GROUP MEMBERS: ORBIS INVESTMENT MANAGEMENT LIMITED GROUP MEMBERS: ORBIS INVESTMENT MANAGEMENT LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SCOTTISH ANNUITY & LIFE HOLDINGS LTD CENTRAL INDEX KEY: 0001064122 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-55937 FILM NUMBER: 505553 BUSINESS ADDRESS: STREET 1: UGLAND HOUSE SOUTH CHURCH STREET STREET 2: GEORGE TOWN GRAND CAYMAN CAYMAN ISLANDS CITY: BRITISH WEST INDIES STATE: E9 ZIP: 00000 BUSINESS PHONE: 3459492800 MAIL ADDRESS: STREET 1: UGLAND HOUSE SOUTH CHURCH STREET STREET 2: GEORGE TOWN GRAND CAYMAN CAYMAN ISLANDS CITY: BRITISH WEST INDIES STATE: E9 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: SCOTTISH LIFE HOLDINGS LTD DATE OF NAME CHANGE: 19980615 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ORBIS INVESTMENT MANAGEMENT LTD CENTRAL INDEX KEY: 0000940594 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ORBIS LPG BLDG STREET 2: 34 BERMUDIANA ROAD CITY: HAMILTON HM11 BERMUD STATE: D0 MAIL ADDRESS: STREET 1: ORBIS LPG BLDG STREET 2: 34 BERMUDIANA ROAD CITY: HAMILTON HM11 BERMUD STATE: D0 SC 13G 1 SCHEDULE 13G SC 13G 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20594 SCHEDULE 13G Under the Securities Exchange Act of 1934 Scottish Annuity & Life Holdings Ltd. (Name of Issuer) Common Stock (Title of Class of Securities) GT7885T104 (CUSIP Number) November 4, 1999 (Date of Event which requires filing of this statement) Check the following box if a fee is being paid with this statement [ ]. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1: and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). *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 the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. GT7885T104 Page 2 of 5 Pages - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ORBIS INVESTMENT MANAGEMENT LIMITED - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER 805,000 SHARES ---------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER NONE OWNED BY ---------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 805,000 REPORTING ---------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER NONE - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 805,000 - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [X] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0% - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON* IA - ------------------------------------------------------------------------------ *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. GT7885T104 Page 3 of 5 Pages - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ORBIS ASSET MANAGEMENT LIMITED - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER 97,000 SHARES ---------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER NONE OWNED BY ---------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 97,000 REPORTING ---------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER NONE - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 97,000 - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [X] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.6% - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON* IA - ------------------------------------------------------------------------------ *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. GT7885T104 Page 4 of 5 Pages SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Schedule 13G Under the Securities Exchange Act of 1934 Item 1(a) Name of Issuer: Scottish Annuity & Life Holdings Ltd. Item 1(b) Address of Issuer's Principal Executive Offices: Grand Pavilion Commercial Centre P.O. Box 10657 APO 802 West Bay Road George Town, Grand Cayman, Cayman Islands, BWI Item 2(a) Name of Person(s) Filing: Orbis Investment Management Limited Orbis Asset Management Limited Item 2(b) Address of Principal Business Office: 34 Bermudiana Road Hamilton HM11 Bermuda Item 2(c) Citizenship: N/A Item 2(d) Title of Class of Securities: Common Stock Item 2(e) CUSIP Number: GT7885T104 Item 3 The person(s) filing is(are): If this statement is filed pursuant to Rule 13d-1(c), check this box [X] Item 4 Ownership Orbis Investment Management Limited ("OIML") and Orbis Asset Management Limited ("OAML") are together making this filing because they may be deemed to constitute a "group" for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Information with respect to each of OIML and OAML (collectively, the "Reporting Persons") is given solely by such Reporting Person and no Reporting Person has responsibility for the accuracy or completeness of information supplied by the other Reporting Person. OIML is the beneficial owner of 805,000 shares or 5.0% of the 16,046,740 shares of Common Stock of Scottish Annuity & Life Holdings Ltd. believed to be outstanding. OIML disclaims beneficial ownership of the 97,000 shares of Common Stock beneficially owned by OIAL. CUSIP No. GT7885T104 Page 5 of 5 Pages OIAL is the beneficial owner of 97,000 shares or 0.6% of the 16,046,740 shares of Common Stock of Scottish Annuity & Life Holdings Ltd. believed to be outstanding. OIAL disclaims beneficial ownership of the 805,000 shares of Common Stock beneficially owned by OIML. Item 5 Ownership of 5% or Less of a Class: N/A Item 6 Ownership of More than 5% on Behalf of Another Person: Orbis Global Equity Fund Limited has the right to receive and the power to direct the receipt of dividends from, or the proceeds from the sale of, the 805,000 shares of Common Stock beneficially owned by OIML. Orbis Optimal Global Fund LP has the right to receive and the power to direct the receipt of dividends from, or the proceeds from the sale of, the 97,000 shares of Common Stock beneficially owned by OIAL. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: N/A Item 8 Identification and Classification of Members of the Group: N/A Item 9 Notice of Dissolution of the Group: N/A Item 10 Certification By signing below the undersigned certify that to the best of our knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. Signatures After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: January 11, 2000 ORBIS INVESTMENT MANAGEMENT LIMITED BY: /s/ James J. Dorr General Counsel and Secretary ORBIS ASSET MANAGEMENT LIMITED BY: /s/ James J. Dorr General Counsel and Secretary -----END PRIVACY-ENHANCED MESSAGE-----