-----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, Q2I6/sFMlVmoTfrR0ZIzKFPSm/Y7i/x5FBnzgZ0u0GiCq2VTxIzkF10BN0F6DHb6 qN9Hhw02LC6h8mIXPqybjA== 0000950136-04-001589.txt : 20040514 0000950136-04-001589.hdr.sgml : 20040514 20040514160010 ACCESSION NUMBER: 0000950136-04-001589 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20040514 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MC SHIPPING INC CENTRAL INDEX KEY: 0000847831 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 980101881 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-40322 FILM NUMBER: 04807743 BUSINESS ADDRESS: STREET 1: CLARENDON HOUSE CHURCH ST STREET 2: P O BOX HM 1022 CITY: HAMILTON BERMUDA STATE: D0 ZIP: HM CX BUSINESS PHONE: 8092957933 MAIL ADDRESS: STREET 1: 24 AVENUE DE FONTVIELLE CITY: MONACO STATE: F0 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: V.Investments LTD CENTRAL INDEX KEY: 0001290115 IRS NUMBER: 000000000 STATE OF INCORPORATION: 1T FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: TRUST COMPANY COMPLEX STREET 2: AJELTAKE ROAD,AJELTAKE ISLAND CITY: MAJURO STATE: 1T ZIP: MH 96960 BUSINESS PHONE: 00 377 92 051010 MAIL ADDRESS: STREET 1: TRUST COMPANY COMPLEX STREET 2: AJELTAKE ROAD,AJELTAKE ISLAND CITY: MAJURO STATE: 1T ZIP: MH 96960 SC 13D 1 file001.txt SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------------------------- SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 MC Shipping Inc. (Name of Issuer) Common Stock, $0.01 Par Value (Title of Class of Securities) 55267Q 104 (CUSIP Number) Patrick Rosselet Michael Lloyd Trust Company Complex 5-7 St. Helen's Place Ajeltake Road, Ajeltake Island London EC3A 6AU Majuro, Marshall Islands MH 96960 United Kingdom +377 92 051010 +44 (0)20 7920 9666 (Name, Address and Telephone Numbers of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons) with copies to: Christopher Edwards Marine Legal Services Ltd Gate House 1 Farringdon Street EC4M 7NS London United Kingdom +44 (0)20 7329 2422 May 4, 2004 (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. [ ] - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP NO. 55267Q 104 13D PAGE 2 (COMMON STOCK) - --------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------- 1 NAMES OR REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) V. INVESTMENTS LIMITED - ---------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ---------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - ---------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Marshall Islands - ---------------------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF NONE SHARES -------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 4,308,790 EACH -------------------------------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH NONE -------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ---------------------------------------------------------------------------------------------------------------------- 13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 49.4% - ---------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON HC - ----------------------------------------------------------------------------------------------------------------------
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- ---------------------------------------------------------------------------------------------------------------------- 1 NAMES OR REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) V. SHIPS INC. - ---------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ---------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - ---------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION LIBERIA - ---------------------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF NONE SHARES -------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 4,308,790 EACH -------------------------------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH NONE -------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ---------------------------------------------------------------------------------------------------------------------- 13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 49.4% - ---------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON HC - ----------------------------------------------------------------------------------------------------------------------
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- ---------------------------------------------------------------------------------------------------------------------- 1 NAMES OR REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) V. SHIPS GROUP LTD. - ---------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ---------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - ---------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION ISLE OF MAN - ---------------------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF NONE SHARES -------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 4,308,790 EACH -------------------------------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH NONE -------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ---------------------------------------------------------------------------------------------------------------------- 13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 49.4% - ---------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON HC - ----------------------------------------------------------------------------------------------------------------------
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- ---------------------------------------------------------------------------------------------------------------------- 1 NAMES OR REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) V. HOLDINGS LIMITED - ---------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ---------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - ---------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION ISLE OF MAN - ---------------------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF NONE SHARES -------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 4,308,790 EACH -------------------------------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH NONE -------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ---------------------------------------------------------------------------------------------------------------------- 13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 49.4% - ---------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON HC - ----------------------------------------------------------------------------------------------------------------------
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- ---------------------------------------------------------------------------------------------------------------------- 1 NAMES OR REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) GREYSEA LIMITED - ---------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ---------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - ---------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION GUERNSEY - ---------------------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF NONE SHARES -------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 4,308,790 EACH -------------------------------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH NONE -------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ---------------------------------------------------------------------------------------------------------------------- 13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 49.4% - ---------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - ----------------------------------------------------------------------------------------------------------------------
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- ---------------------------------------------------------------------------------------------------------------------- 1 NAMES OR REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) CLOSE SECURITIES LIMITED - ---------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ---------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - ---------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED KINGDOM - ---------------------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF NONE SHARES -------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 4,308,790 EACH -------------------------------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH NONE -------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ---------------------------------------------------------------------------------------------------------------------- 13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 49.4% - ---------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - ----------------------------------------------------------------------------------------------------------------------
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- ---------------------------------------------------------------------------------------------------------------------- 1 NAMES OR REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) CLOSE INVESTMENT PARTNERS LIMITED - ---------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ---------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - ---------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED KINGDOM - ---------------------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF NONE SHARES -------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 4,308,790 EACH -------------------------------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH NONE -------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ---------------------------------------------------------------------------------------------------------------------- 13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 49.4% - ---------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - ----------------------------------------------------------------------------------------------------------------------
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- ---------------------------------------------------------------------------------------------------------------------- 1 NAMES OR REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) NAVALMAR (UK) LIMITED - ---------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ---------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - ---------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED KINGDOM - ---------------------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF NONE SHARES -------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 4,308,790 EACH -------------------------------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH NONE -------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ---------------------------------------------------------------------------------------------------------------------- 13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 49.4% - ---------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - ----------------------------------------------------------------------------------------------------------------------
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- ---------------------------------------------------------------------------------------------------------------------- 1 NAMES OR REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) BOGAZZI FIMPAR SpA - ---------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ---------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - ---------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION ITALY - ---------------------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF NONE SHARES -------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 4,308,790 EACH -------------------------------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH NONE -------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ---------------------------------------------------------------------------------------------------------------------- 13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 49.4% - ---------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON HC - ----------------------------------------------------------------------------------------------------------------------
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- ---------------------------------------------------------------------------------------------------------------------- 1 NAMES OR REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) ENRICO BOGAZZI - ---------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ---------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - ---------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION ITALY - ---------------------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF NONE SHARES -------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 4,308,790 EACH -------------------------------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH NONE -------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,308,790 - ---------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ---------------------------------------------------------------------------------------------------------------------- 13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 49.4% - ---------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ----------------------------------------------------------------------------------------------------------------------
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, the Reporting Persons (as enumerated in Item 2) have agreed to file one statement with respect to their ownership of common stock of MC Shipping Inc. The Joint Filing Agreement among the Reporting Persons is attached as Exhibit 1 hereto. This joint Schedule 13D of the Reporting Persons is hereinafter referred to as the "Statement." ITEM 1. SECURITY AND ISSUER The Statement relates to the common stock, par value $0.01 per share, of MC Shipping Inc. (the "Common Shares"), a Liberian corporation with its principal executive offices located at 24, avenue de Fontvieille, 98000 Monaco. ITEM 2. IDENTITY AND BACKGROUND (a) - (c) and (f) This Statement is being filed by (each a "Reporting Person" and, collectively, the "Reporting Persons"): V. Investments Limited, with its principal offices at "Aigue Marine", 24 avenue de Fontvieille, B.P. 639, MC - 98013, Monaco (+377 92-05-10-10), is a Marshall Islands company organized to hold certain asset investments. V. Holdings Limited, with its principal offices at "Aigue Marine", 24 avenue de Fontvieille, B.P. 639, MC - 98013, Monaco (+377 92-05-10-10), is a holding company organized under the laws of the Isle of Man that wholly owns V. Investments Limited and V. Ships Group Ltd. V. Ships Group Ltd. is a holding company organized under the laws of the Isle of Man with its principal offices at "Aigue Marine", 24 avenue de Fontvieille, B.P. 639, MC - 98013, Monaco (+377 92-05-10-10). V. Ships Group Ltd. wholly owns V. Ships Inc. V. Ships Inc., with its principal offices at "Aigue Marine", 24 avenue de Fontvieille, B.P. 639, MC - 98013, Monaco (+377 92-05-10-10), is a holding company organized under the laws of Liberia. Greysea Limited, with its principal offices at "Aigue Marine", 24 avenue de Fontvieille, B.P. 639, MC - 98013, Monaco (+377 92-05-10-10), is a private investment vehicle organized under the laws of Guernsey that partially owns V. Holdings Limited. Close Securities Limited, with its principal offices at 10 Throgmorton Avenue, London, EC2N 2DL, United Kingdom (+44 (0)207-065-1100), is a fellow subsidiary of Close Investment Partners Limited and the nominee holder of Close Investment Partners Limited's investment in V. Holdings Limited. Close Investment Partners Limited, a UK company with its principal offices at 10 Throgmorton Avenue, London, EC2N 2DL, United Kingdom (+44 (0)207-065-1100), is the general partner of a limited partnership which invests in V. Holdings Limited. Navalmar (UK) Limited, with its principal offices at 5-7 St. Helen's Place, London, EC3A 6AU, United Kingdom (+44 (0)207-920-9666), is a UK company which owns and operates a fleet of vessels and offers various liner services worldwide. Bogazzi Fimpar SpA, with its principal offices at Via Cadorna 49/A, 54036, Marina di Carrara, Italy (+390 585-631665), is an Italian holding company that beneficially owns approximately 74% of Navalmar (UK) Limited. 12 Enrico Bogazzi, an Italian citizen with his principal office at Via Cadorna 49/A, 54036, Marina di Carrara, Italy (+390 585-631665), is the majority shareholder and a director of Bogazzi Fimpar SpA. Enrico Bogazzi is also a director of B Navi SpA, a ship management company, and Vittorio Bogazzi & Figli SpA, a ship agency company. The directors and executive officers of the Reporting Persons are set forth on Schedule I attached hereto. Schedule I sets forth the following information with respect to each such person: (i) name, (ii) business address, (iii) present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment was conducted, and (iv) citizenship. (d) - (e) During the last five years, neither the Reporting Persons nor, to the best of the knowledge of the Reporting Persons, any person named in Schedule I attached hereto has been (a) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) a party to any 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 them from 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 As described under Item 4 below, V. Investments Limited and Navalmar (UK) Limited entered into a sales agreement (the "Sales Agreement") with Vlasov Investment Corporation (the "Seller"), an indirect wholly owned subsidiary of Securitas Holding Corporation, a Liberian corporation, to purchase in aggregate 4,168,000 Common Shares in consideration of US$2.76 per Common Share, totalling US$11,503,680 (the "Purchase Price"). Of these 4,168,000 Common Shares, 1,946,456 were to be purchased by V. Investments Limited for US$5,372,215.56 and 2,221,544 were to be purchased for US$6,131,464.44 by Navalmar (UK) Limited. At completion on 13 May 2004, Navalmar (UK) Limited funded its entire portion of the Purchase Price with cash provided by a loan from its shareholders. This loan is based on a loan agreement between Navalmar (UK) Limited and its shareholders to be drawn up in due course after completion of the transaction. V. Investments Limited is funding its portion of the Purchase Price with cash provided by its shareholders in two separate payments to the Seller in the following manner. V. Investments Limited made an initial payment to the Seller of US$2,500,000 in cash (the "First Payment") at the time of the closing of this transaction on 13 May 2004. This First Payment was funded by loans made to V. Holdings Limited, of which V. Investments Limited is a wholly owned subsidiary, from the shareholders of V. Holdings Limited, which include Greysea Limited and Close Securities Limited. This loan is based on a loan note document among the relevant parties to be drawn up in due course after completion of the transaction. V. Investments Limited is obligated under the terms of the Sales Agreement to pay the balance of the consideration due, which comprises US$2,872,215.56, (the "Second Payment") no later than 15 May 2005, with an additional 5% interest due on such balance. Under the terms of the Sales Agreement, V. Investments Limited has secured this balance due the Seller for the Second Payment by providing the Seller with an on-demand guaranty provided by the Bank of Scotland. This guaranty by the Bank of Scotland is to be counter indemnified by certain of the shareholder entities and affiliates of V. Investments Limited. ITEM 4. PURPOSE OF THE TRANSACTION On May 4, 2004, Navalmar (UK) Limited and V. Investments Limited (the "Purchasers") finalized the 13 Sales Agreement to purchase the 4,168,000 Common Shares owned by Vlasov Investment Corporation, an indirect wholly owned subsidiary of Securitas Holding Corporation, a Liberian corporation. The Purchasers agreed to pay Vlasov Investment Corporation US$2.76 per Common Share, which totals US$11,503,680. Under the terms of the Sales Agreement, half of the Purchase Price was payable no later than May 15, 2004, with the balance of the Purchase Price payable no later than May 15, 2005. Under the Sales Agreement, interest is to accrue on the outstanding Purchase Price balance at a rate of five percent per annum. Purchasers agreed to secure payment of the Purchase Price balance and the accrued interest thereon by delivering to Vlasov Investment Corporation no later than May 15, 2004 one or more unconditional guarantees issued by the Bank of Scotland or another first class bank of comparable international standing reasonably acceptable to Vlasov Investment Corporation. As described in Item 3 above, Navalmar (UK) Limited paid the entire amount of consideration due the Seller for the 2,221,544 Common Shares it purchased from the Seller on May 13, 2004, the date of closing of the transaction. V. Investments Limited paid the First Payment to the Seller on May 13, 2004, the date of closing of the transaction, and on the same date provided the Seller with an on-demand guaranty provided by the Bank of Scotland to secure the Second Payment. Under the terms of the Sales Agreement, if Purchasers resell or agree to resell any or all of the these 4,168,000 Common Shares for a price in excess of US$2.76 per share within twelve months from completion, Purchasers are to pay to Vlasov Investment Corporation the amount of proceeds in excess of $2.76 per share up to and including a maximum of US$3.08 per share for each share of these shares sold or agreed to be sold during such period. The purpose of this transaction is to acquire a minority stake in a ship owning company and to assist in this capacity in its development. V. Investments Limited is part of a leading international marine service group with over 20 years experience in the industry. Navalmar (UK) Limited is a major UK ship-owner with extensive and successful experience in ship-owning and operations with over 20 years experience in the industry. Taken together the two parties believe they have a strong position in and understanding of the shipping industry. It is the intention of V. Investments Limited in concert with Navalmar (UK) Limited, the Board of Directors of MC Shipping Inc., and other shareholders to review the composition of the management team of MC Shipping Inc. going forward and to bring onto the Board one representative from each of the two buyers, Tullio Biggi from V. Investments Limited and Enrico Bogazzi from Navalmar (UK) Limited, with a view to having Enrico Bogazzi appointed Chief Executive Officer. At the meeting of the MC Shipping Inc. Board of Directors held on 13 May 2004, Messrs. Biggi and Bogazzi were appointed to the MC Shipping Inc. Board of Directors and Mr. Bogazzi was appointed the Chief Executive Officer. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) - (b) As a result of V. Holdings Limited and Navalmar (UK) Limited entering into the Sales Agreement, V. Investments Limited, V. Ships Inc., V. Ships Group Ltd., V. Holdings Limited, Greysea Limited, Close Securities Limited, Close Investment Partners Limited, Navalmar (UK) Limited, Bogazzi Fimpar SpA, and Enrico Bogazzi may be deemed to have shared beneficial ownership of 4,308,790 Common Shares, which represents approximately 49.4% of the common stock outstanding (based on 8,723,945 Common Shares outstanding). Tullio Biggi, an Italian citizen with his principal offices at "Aigue Marine", 24 avenue de Fontvieille, B.P. 639, MC - 98013, Monaco (+377 92-05-10-10), is President of V. Ships Group Ltd. and a director of V. Investments Limited, V. Ships Inc., V. Ships Group Ltd., V. Holdings Limited, and Greysea Limited, and has sole voting power and sole dispositive power over 2,000 shares of MC Shipping Inc. 14 Roberto Giorgi, an Italian citizen with his principal offices at "Aigue Marine", 24 avenue de Fontvieille, B.P. 639, MC - 98013, Monaco (+377 92-05-10-10), is Chief Executive Officer of V. Ships Group Ltd. and a director of V. Investments Limited, V. Ships Inc., V. Holdings Limited, and Greysea Limited, and has sole voting power and sole dispositive power over 2,000 shares of MC Shipping Inc. Guy Morel, a French citizen with his principal offices at "Aigue Marine", 24 avenue de Fontvieille, B.P. 639, MC - 98013, Monaco (+377 92-05-10-10), is President of MC Shipping Inc. and a director of Greysea Limited, and has sole voting power and sole dispositive power over 86,793 Common Shares of MC Shipping Inc., which includes 30,114 options on Common Shares. (c) On 30 April 2004, V. Ships Inc. disposed of 1,000 Common Shares at US$2.25 per share, 2,000 Common Shares at US$2.30 per share, and 3,000 Common Shares at US$2.302 per share. All of these sales were carried out through brokers and made on the American Stock Exchange. Except as described herein, neither Reporting Person nor, to the best of the Reporting Persons' knowledge, any other person referred to in Schedule I attached hereto, beneficially owns or has acquired or disposed of any Common Shares during the past 60 days. (d). Not applicable. (e). Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER Except as described herein, neither Reporting Person nor, to the best of the Reporting Persons' knowledge, any of the persons named in Schedule I hereto has any contracts, arrangements, understandings or relationships (legal or otherwise) with any persons with respect to any securities of MC Shipping Inc., including, but not limited to, transfers or voting of any securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees or profits, division of profits or loss, or the giving or withholding of proxies. 1. Voting Agreement between V. Holdings Limited and Navalmar (UK) Limited A verbal understanding exists between V. Investments Limited and Navalmar (UK) Limited that their interests in MC Shipping Inc. will be voted in concert. No documentation exists in connection with this verbal understanding. It is the intention that V. Investments Limited and Navalmar (UK) Limited will consider a more formal document recording their understanding in the future. 2. Sales Agreement between Vlasov Investment Corporation, V. Investments Limited, and Navalmar (UK) Limited. See Item 4. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS 1. Joint Filing Agreement dated May 14, 2004 by and among V. Investments Limited, V. Ships Inc., V. Ships Group Ltd., V. Holdings Limited, Greysea Limited, Close Securities Limited, Close Investment Partners Limited, Navalmar (UK) Limited, Bogazzi Fimpar SpA, and Enrico Bogazzi. 15 2. Sales Agreement between Vlasov Investment Corporation, Navalmar (UK) Limited and V. Investments Limited dated May 4, 2004. 16 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. V. Investments Limited Dated: May 14th, 2004 By: /s/ Tullio Biggi ---------------------------- Name: Tullio Biggi Title: Director V. Ships Inc. Dated: May 14th, 2004 By: /s/ Tullio Biggi ---------------------------- Name: Tullio Biggi Title: Director V. Ships Group Ltd. Dated: May 14th, 2004 By: /s/ Tullio Biggi ---------------------------- Name: Tullio Biggi Title: Director V. Holdings Limited Dated: May 14th, 2004 By: /s/ Tullio Biggi ---------------------------- Name: Tullio Biggi Title: Director Greysea Limited Dated: May 14th, 2004 By: /s/ Tullio Biggi ---------------------------- Name: Tullio Biggi Title: Director 17 Close Securities Limited Dated: May 14th, 2004 By: /s/ Sarah Hale ---------------------------- Name: Sarah Hale Title: Company Secretary Close Investment Partners Limited Dated: May 14th, 2004 By: /s/ Sarah Hale ---------------------------- Name: Sarah Hale Title: Company Secretary Navalmar (UK) Limited Dated: May 14th, 2004 By: /s/ Michael Lloyd ---------------------------- Name: Michael Lloyd Title: Director Bogazzi Fimpar SpA Dated: May 14th, 2004 By: /s/ Enrico Bogazzi ---------------------------- Name: Enrico Bogazzi Title: Director Dated: May 14th, 2004 By: /s/ Enrico Bogazzi ---------------------------- Enrico Bogazzi 18 EXHIBIT INDEX 1. Joint Filing Agreement dated May 14, 2004 by and among V. Investments Limited, V. Ships Inc., V. Ships Group Ltd., V. Holdings Limited, Greysea Limited, Close Securities Limited, Close Investment Partners Limited, Navalmar (UK) Limited, Bogazzi Fimpar SpA, and Enrico Bogazzi. 2. Sales Agreement between Vlasov Investment Corporation, Navalmar (UK) Limited and V. Investments Limited dated May 4, 2004. 19 SCHEDULE I The name of each director and executive officer of V. Investments Limited is set forth below. Directors of V. Investments Limited are indicated by an asterisk.
- ------------------------------------------------------------------------------------------------------------------- Present Principal Occupation or Employment Business Address, and Business Telephone Number; Other Name Material Positions Held during the Past Five Years Citizenship - ------------------------------------------------------------------------------------------------------------------- Tullio Biggi* Chief Executive Officer, V. Holdings Group Italy "Aigue Marine" 24 avenue de Fontvieille B.P. 639 MC - 98013 Monaco +377 92-05-10-10 Tullio Biggi has been employed with the V. Holdings Group for the past five years. - ------------------------------------------------------------------------------------------------------------------- Roberto Giorgi* Chief Executive Officer of Ship Management Division Italy V. Holdings Group "Aigue Marine" 24 avenue de Fontvieille B.P. 639 MC - 98013 Monaco +377 92-05-10-10 Roberto Giorgi has been employed with the V. Holdings Group for the past five years. - ------------------------------------------------------------------------------------------------------------------- Patrick Rosselet* Group Finance Director, V. Holdings Group Switzerland Rue du Clos 21-23 C.P. 6165 CH - 1211 Geneva 6 Switzerland +41 22-737-0300 Acomarit Services Maritime SA Rue du Clos 21-23 C.P. 6165 CH-1211 Geneva 6 Switzerland Patrick Rosselet has been employed with the V. Holdings Group since January 2001. Prior to his employment with the V. Holdings Group, he was the Group Finance Director at Acomarit Services Maritime SA (a shipping company). - -------------------------------------------------------------------------------------------------------------------
20 The name of each director and executive officer of V. Ships Inc. is set forth below. Directors of V. Ships Inc. are indicated by an asterisk.
- ------------------------------------------------------------------------------------------------------------------- Present Principal Occupation or Employment Business Address, and Business Telephone Number; Other Name Material Positions Held during the Past Five Years Citizenship - ------------------------------------------------------------------------------------------------------------------- Tullio Biggi* Chief Executive Officer, V. Holdings Group Italy "Aigue Marine" 24 avenue de Fontvieille B.P. 639 MC - 98013 Monaco +377 92-05-10-10 Tullio Biggi has been employed with the V. Holdings Group for the past five years. - ------------------------------------------------------------------------------------------------------------------- Roberto Giorgi* Chief Executive Officer of Ship Management Division Italy V. Holdings Group "Aigue Marine" 24 avenue de Fontvieille B.P. 639 MC - 98013 Monaco +377 92-05-10-10 Roberto Giorgi has been employed with the V. Holdings Group for the past five years. - ------------------------------------------------------------------------------------------------------------------- Lorenzo Malvarosa* Chief Operating Officer of Ship Management Division Italy V. Holdings Group "Aigue Marine" 24 avenue de Fontvieille B.P. 639 MC - 98013 Monaco +377 92-05-10-10 Lorenzo Malvarosa has been employed with the V. Holdings Group for the past five years. - ------------------------------ --------------------------------------------------------------- --------------------
21 The name of each director and executive officer of V. Ships Group Ltd. is set forth below. Directors of V. Ships Group Ltd. are indicated by an asterisk.
- ------------------------------------------------------------------------------------------------------------------- Present Principal Occupation or Employment Business Address, and Business Telephone Number; Other Name Material Positions Held during the Past Five Years Citizenship - ------------------------------------------------------------------------------------------------------------------- Tullio Biggi* Chief Executive Officer, V. Holdings Group Italy "Aigue Marine" 24 avenue de Fontvieille B.P. 639 MC - 98013 Monaco +377 92-05-10-10 Tullio Biggi has been employed with the V. Holdings Group for the past five years. - ------------------------------------------------------------------------------------------------------------------- Patrick Rosselet* Group Finance Director, V. Holdings Group Switzerland Rue du Clos 21-23 C.P. 6165 CH - 1211 Geneva 6 Switzerland +41 22-737-0300 Acomarit Services Maritime SA Rue du Clos 21-23 C.P. 6165 CH-1211 Geneva 6 Switzerland Patrick Rosselet has been employed with the V. Holdings Group since January 2001. Prior to his employment with the V. Holdings Group, he was the Group Finance Director at Acomarit Services Maritime SA (a shipping company). - ------------------------------------------------------------------------------------------------------------------- David Greenhalgh* Managing Director, V. Ships (Isle of Man) Limited UK Eaglehurst Belmont Hill Douglas IM1 4NY Isle of Man +44 1624-688-886 David Greenhalgh has been employed with the V. Holdings Group for the past five years. - ------------------------------------------------------------------------------------------------------------------- 22 - ------------------------------------------------------------------------------------------------------------------- David North* Non-Executive Director, V. Holdings Limited UK Rue du Clos 21-23 C.P. 6165 CH - 1211 Geneva 6 Switzerland +41 22-737-0300 18 Glen Vine Park Crosby IM4 4HA Isle of Man +44 1624-851-676 Central Government Office Douglas Isle of Man David North is a Non-Executive Director of V. Holdings Limited. He is retired from his position as Minister at the Department of Trade & Industry of the Isle of Man government, where he served from 1996 until his retirement in 2001. - -------------------------------------------------------------------------------------------------------------------
23 The name of each director and executive officer of V. Holdings Limited is set forth below. Directors of V. Holdings Limited are indicated by an asterisk.
- ------------------------------------------------------------------------------------------------------------------- Present Principal Occupation or Employment Business Address, and Business Telephone Number; Other Name Material Positions Held during the Past Five Years Citizenship - ------------------------------------------------------------------------------------------------------------------- Tullio Biggi* Chief Executive Officer, V. Holdings Group Italy "Aigue Marine" 24 avenue de Fontvieille B.P. 639 MC - 98013 Monaco +377 92-05-10-10 Tullio Biggi has been employed with the V. Holdings Group for the past five years. - ------------------------------------------------------------------------------------------------------------------- Roberto Giorgi* Chief Executive Officer of Ship Management Division Italy V. Holdings Group "Aigue Marine" 24 avenue de Fontvieille B.P. 639 MC - 98013 Monaco +377 92-05-10-10 Roberto Giorgi has been employed with the V. Holdings Group for the past five years. - ------------------------------------------------------------------------------------------------------------------- Giorgio Sulser* Non-Executive Director, V. Holdings Limited Switzerland Rue du Clos 21-23 C.P. 6165 CH - 1211 Geneva 6 Switzerland +41 22-737-0300 Acomarit Services Maritime SA Rue du Clos 21-23 C.P. 6165 CH-1211 Geneva 6 Switzerland Giorgio Sulser has been employed with V. Holdings Limited since January 2001. Prior to his employment with V. Holdings Limited, he was the CEO and Chairman of Acomarit Services Maritime SA (a shipping company). - ------------------------------------------------------------------------------------------------------------------- Donald Anderson* Chief Executive Officer of Corporate Services Division UK V. Holdings Limited "Aigue Marine" 24 avenue de Fontvieille B.P. 639 MC - 98013 Monaco +377 92-05-10-10 Donald Anderson has been employed with the V. Holdings Group for the past five years. - ------------------------------------------------------------------------------------------------------------------- 24 - ------------------------------------------------------------------------------------------------------------------- Antony Crawford* Chief Executive Officer of Financial Services Project UK Division, V. Holdings Group Gate House 1 Farringdon Street London EC4M 7NS United Kingdom +44 207-332-8500 Antony Crawford has been employed with the V. Holdings Group for the past five years. - ------------------------------------------------------------------------------------------------------------------- Richard Hext* Chief Executive Officer of Marine Services Division UK V. Holdings Group Gate House 1 Farringdon Street London EC4M 7NS United Kingdom +44 207-332-8500 LevelSeas Limited 4/F Fleet House, Holborn Viaduct London, United Kingdom John Swire and Sons Limited G.P.O. Box 1, Hong Kong Richard Hext has been employed with the V. Holdings Group since April 2003. Prior to his employment with the V. Holdings Group, he was CEO of LevelSeas Limited (a shipping company) from 2000 to 2003, and before that he was a Director of John Swire and Sons Limited (a shipping company). - ------------------------------------------------------------------------------------------------------------------- David Greenhalgh* Managing Director, V. Ships (Isle of Man) Limited UK Eaglehurst Belmont Hill Douglas IM1 4NY Isle of Man +44 1624-688-886 David Greenhalgh has been employed with the V. Holdings Group for the past five years. - ------------------------------------------------------------------------------------------------------------------- 25 - ------------------------------------------------------------------------------------------------------------------- David North* Non-Executive Director, V. Holdings Limited UK Rue du Clos 21-23 C.P. 6165 CH - 1211 Geneva 6 Switzerland +41 22-737-0300 18 Glen Vine Park Crosby IM4 4HA Isle of Man +44 1624-851-676 Central Government Office Douglas Isle of Man David North is a Non-Executive Director of V. Holdings Limited. He is retired from his position as Minister at the Department of Trade & Industry of the Isle of Man government, where he served from 1996 until his retirement in 2001. - ------------------------------------------------------------------------------------------------------------------- Iestyn Williams* Non-Executive Chairman, V. Holdings Limited UK Rue du Clos 21-23 C.P. 6165 CH - 1211 Geneva 6 Switzerland +41 22-737-0300 Tainni Wey Road Weybridge Surrey KT13 8HB United Kingdom +44 1932-852-728 Serco Government Services Serco House 16 Bartley Wood Business Park Hampshire RG27 9UY +44 1932-852-728 Iestyn Williams is a Non-Executive Chairman of V. Holdings Limited. Earlier (until 31 March 2004), Iestyn was Executive Director at the Serco Group plc, whose principal business is the outsourcing of government services. - -------------------------------------------------------------------------------------------------------------------
26 The name of each director and executive officer of Greysea Limited is set forth below. Directors of Greysea Limited are indicated by an asterisk.
- ------------------------------------------------------------------------------------------------------------------- Present Principal Occupation or Employment Business Address, and Business Telephone Number; Other Name Material Positions Held during the Past Five Years Citizenship - ------------------------------------------------------------------------------------------------------------------- Tullio Biggi* Chief Executive Officer, V. Holdings Group Italy "Aigue Marine" 24 avenue de Fontvieille B.P. 639 MC - 98013 Monaco +377 92-05-10-10 Tullio Biggi has been employed with the V. Holdings Group for the past five years. - ------------------------------------------------------------------------------------------------------------------- Roberto Giorgi* Chief Executive Officer of Ship Management Division Italy V. Holdings Group "Aigue Marine" 24 avenue de Fontvieille B.P. 639 MC - 98013 Monaco +377 92-05-10-10 Roberto Giorgi has been employed with the V. Holdings Group for the past five years. - ------------------------------------------------------------------------------------------------------------------- Lorenzo Malvarosa* Chief Operating Officer of Ship Management Division Italy V. Holdings Group "Aigue Marine" 24 avenue de Fontvieille B.P. 639 MC - 98013 Monaco +377 92-05-10-10 Lorenzo Malvarosa has been employed with the V. Holdings Group for the past five years. - ------------------------------------------------------------------------------------------------------------------- Malcolm Willingale* Corporate Strategy Director of Corporate Services Division, UK Division, V. Holdings Group Gate House 1 Farringdon Street EC4M 7NS London United Kingdom +44 207-489-0088 Malcolm Willingale has been employed with the V. Holdings Group for the past five years. - ------------------------------------------------------------------------------------------------------------------- Guy Morel* President and Director, MC Shipping Inc. France "Aigue Marine" 24 avenue de Fontvieille B.P. 639 MC - 98013 Monaco +377 92-05-10-10 Guy Morel has been employed with MC Shipping Inc. for the past five years. - -------------------------------------------------------------------------------------------------------------------
27 The name of each director and executive officer of Close Securities Limited is set forth below. Directors of Close Securities Limited are indicated by an asterisk.
- ------------------------------------------------------------------------------------------------------------------- Present Principal Occupation or Employment Business Address, and Business Telephone Number; Other Name Material Positions Held during the Past Five Years Citizenship - ------------------------------------------------------------------------------------------------------------------- Roger Perrin* Director, Close Asset Management Holdings Limited UK 10 Crown Place London EC2A 4FT United Kingdom +44 2076-553-100 Investment Banker, Close Brothers Group plc 10 Crown Place London EC2A 4FT United Kingdom +44 2076-553-100 Roger Perrin is a director at Close Asset Management Holdings Limited and has been employed by the Close Brothers Group plc, an investment bank, for the past five years. - ------------------------------------------------------------------------------------------------------------------- Bill Crossan* Investment Banker UK Close Brothers Growth Capital Limited 10 Throgmorton Avenue London EC2A 2DL United Kingdom +44 2070-651-100 Bill Crossan has been employed with Close Brothers Growth Capital Limited for the past five years. - ------------------------------------------------------------------------------------------------------------------- John Kelly* Investment Banker UK Close Brothers Private Equity LLP 10 Throgmorton Avenue London EC2A 2DL United Kingdom +44 2070-651-100 John Kelly has been employed as an investment banker with Close Brothers Private Equity LLP for the past five years. - ------------------------------------------------------------------------------------------------------------------- Julian Daly* Finance Director, UK Close Asset Management Holdings Limited 10 Crown Place London EC2A 4FT United Kingdom +44 2076-553-100 Temenos Systems (UK) Ltd. Albert Embankment London United Kingdom Julian Daly has been employed with Close Asset Management Holdings Limited, a holding company for the Close Brothers Group plc asset management division businesses, since March 2000. Prior to his employment with Close Asset Management Holdings Limited, Julian Daly was Finance Director at Temenos Systems (UK) Ltd., whose principal business is banking software. - ------------------------------------------------------------------------------------------------------------------- 28 - ------------------------------------------------------------------------------------------------------------------- Jonathan Sieff* Investment Banker, Close Brothers Group plc UK 10 Crown Place London EC2A 4FT United Kingdom +44 2076-553-100 Gerrard Limited Old Mutual Place 2 Lambeth Hill London EC4V 4GG United Kingdom Gerrard Private Bank (IOM) Limited St. Mary's Court 20 Hill Street, Douglas Isle of Man, IM1 1EU United Kingdom Old Mutual plc 5th Floor, Old Mutual Place 2 Lambeth Hill London, EC4V 4GG United Kingdom Jonathan Sieff has been employed by the Close Brothers Group plc, an investment bank, since June 2003. Prior to his employment with the Close Brothers Group plc, Jonathon Sieff was Executive Director at Gerrard Limited from January 2002 and simultaneously (joint) CEO of Gerrard Private Bank from May 2001. From July 1999 through April 2001, Jonathon Sieff was a member of the Corporate Development division at Old Mutual plc. - -------------------------------------------------------------------------------------------------------------------
29 The name of each director and executive officer of Close Investment Partners Limited is set forth below. Directors of Close Investment Partners Limited are indicated by an asterisk.
- ------------------------------------------------------------------------------------------------------------------- Present Principal Occupation or Employment Business Address, and Business Telephone Number; Other Name Material Positions Held during the Past Five Years Citizenship - ------------------------------------------------------------------------------------------------------------------- Roger Perrin* Director, Close Asset Management Holdings Limited UK 10 Crown Place London EC2A 4FT United Kingdom +44 2076-553-100 Investment Banker, Close Brothers Group plc 10 Crown Place London EC2A 4FT United Kingdom +44 2076-553-100 Roger Perrin is a director at Close Asset Management Holdings Limited and has been employed by the Close Brothers Group plc, an investment bank, for the past five years. - ------------------------------------------------------------------------------------------------------------------- Bill Crossan* Investment Banker UK Close Brothers Growth Capital Limited 10 Throgmorton Avenue London EC2A 2DL United Kingdom +44 2070-651-100 Bill Crossan been employed with Close Brothers Growth Capital Limited for the past five years. - ------------------------------------------------------------------------------------------------------------------- Julian Daly* Finance Director, UK Close Asset Management Holdings Limited 10 Crown Place London EC2A 4FT United Kingdom +44 2076-553-100 Temenos Systems (UK) Ltd. Albert Embankment London United Kingdom Julian Daly has been employed with Close Asset Management Holdings Limited, a holding company for the Close Brothers Group plc asset management division businesses, since March 2000. Prior to his employment with Close Asset Management Holdings Limited, Julian Daly was Finance Director at Temenos Systems (UK) Ltd., whose principal business is banking software. - ------------------------------------------------------------------------------------------------------------------- 30 - ------------------------------------------------------------------------------------------------------------------- Jonathan Sieff* Investment Banker, Close Brothers Group plc UK 10 Crown Place London EC2A 4FT United Kingdom +44 2076-553-100 Gerrard Limited Old Mutual Place 2 Lambeth Hill London EC4V 4GG United Kingdom Gerrard Private Bank (IOM) Limited St. Mary's Court 20 Hill Street, Douglas Isle of Man, IM1 1EU United Kingdom Old Mutual plc 5th Floor, Old Mutual Place 2 Lambeth Hill London, EC4V 4GG United Kingdom Jonathan Sieff has been employed by the Close Brothers Group plc, an investment bank, since June 2003. Prior to his employment with the Close Brothers Group plc, Jonathon Sieff was Executive Director at Gerrard Limited from January 2002 and simultaneously (joint) CEO of Gerrard Private Bank from May 2001. From July 1999 through April 2001, Jonathon Sieff was a member of the Corporate Development division at Old Mutual plc. - -------------------------------------------------------------------------------------------------------------------
31 The name of each director and executive officer of Navalmar (UK) Limited is set forth below. Directors of Navalmar (UK) Limited are indicated by an asterisk.
- ------------------------------------------------------------------------------------------------------------------- Present Principal Occupation or Employment Business Address, and Business Telephone Number; Other Name Material Positions Held during the Past Five Years Citizenship - ------------------------------------------------------------------------------------------------------------------- Enrico Bogazzi* Director, B Navi SpA Italy Director, Vittorio Bogazzi & Figli SpA Via Cadorna 49/A 54036 Marina de Carrara Italy +390 585-631-665 Enrico Bogazzi has been employed with B Navi SpA (ship management company) and Vittorio Bogazzi & Figli SpA (ship agency company) for the past five years. - ------------------------------------------------------------------------------------------------------------------- Roy Ware* Director, Navalmar (UK) Limited UK Director, Marine Chartering Limited Beulah Hall 3 Beulah Road Wimbledon London SW19 3SB United Kingdom +44 0208-540-8777 Roy Ware has been employed with Navalmar (UK) Limited and Marine Chartering Limited for the past five years. - ------------------------------------------------------------------------------------------------------------------- Stefano Tanganelli* Director, Navalmar (UK) Limited Italy Beulah Hall 3 Beulah Road Wimbledon London SW19 3SB United Kingdom +44 0208-540-8777 Stefano Tanganelli has been employed with Navalmar (UK) Limited for the past five years. - ------------------------------------------------------------------------------------------------------------------- Michael Lloyd* Solicitor UK Michael Lloyd and Co. 5-7 St Helen's Place London EC3A 6AU +44 0207-920-9666 Lloyd and Co. 1 College Hill, London United Kingdom Michael Lloyd has been the sole practitioner at Michael Lloyd and Co. since 2002. Before such time, he was a solicitor at Lloyd and Co. - ------------------------------------------------------------------------------------------------------------------- Giorgio Boesgaard* Director, Hugo Trumpy SpA Denmark 10 via San Siro 16124 Genova Italy +390 10-24941 Giorgio Boesgaard has been employed by Hugo Trumpy SpA, a ship agency company, for the past five years. - ------------------------------------------------------------------------------------------------------------------- 32 - ------------------------------------------------------------------------------------------------------------------- Andrea Colombo* Director, Navalmar (UK) Limited Italy Beulah Hall 3 Beulah Road Wimbledon London SW19 3SB United Kingdom +44 0208-540-8777 Andrea Colombo has been employed by Navalmar (UK) Limited for the past five years. - -------------------------------------------------------------------------------------------------------------------
33 The name of each director and executive officer of Bogazzi Fimpar SpA is set forth below. Directors of Bogazzi Fimpar SpA are indicated by an asterisk.
- ------------------------------------------------------------------------------------------------------------------- Present Principal Occupation or Employment Business Address, and Business Telephone Number; Other Name Material Positions Held during the Past Five Years Citizenship - ------------------------------------------------------------------------------------------------------------------- Enrico Bogazzi* Director, B Navi SpA Italy Director, Vittorio Bogazzi & Figli SpA Via Cadorna 49/A 54036 Marina de Carrara Italy +390 585-631-665 Enrico Bogazzi has been employed with B Navi SpA (ship management company) and Vittorio Bogazzi & Figli SpA (ship agency company) for the past five years. - ------------------------------------------------------------------------------------------------------------------- Maria Piccioli* Piazza della Chiesa nr. 2 Italy Massarosa Italy Maria Piccioli is a housewife and has had no other employment for the past five years. - ------------------------------------------------------------------------------------------------------------------- Francesca Bogazzi* 2 Rue N.D. des Victoires Italy 75002 Paris France Francesca Bogazzi is a housewife and has had no other employment for the past five years. - -------------------------------------------------------------------------------------------------------------------
34 EX-1 2 file002.txt JOINT FILING AGREEMENT EXHIBIT 1 JOINT FILING AGREEMENT V. Investments Limited, V. Ships Inc., V. Ships Group Ltd., V. Holdings Limited, Greysea Limited, Close Securities Limited, Close Investment Partners Limited, Navalmar (UK) Limited, Bogazzi Fimpar SpA, and Enrico Bogazzi each hereby agrees, in accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, that the Statement on Schedule 13D filed herewith relating to the common stock, par value $0.01 per share, of MC Shipping Inc., is, and will be, filed jointly on behalf of each such person. V. Investments Limited Dated: May 14th, 2004 By: /s/ Tullio Biggi ------------------------------ Name: Tullio Biggi Title: Director V. Ships Inc. Dated: May 14th, 2004 By: /s/ Tullio Biggi ------------------------------ Name: Tullio Biggi Title: Director V. Ships Group Ltd. Dated: May 14th, 2004 By: /s/ Tullio Biggi ------------------------------ Name: Tullio Biggi Title: Director V. Holdings Limited Dated: May 14th, 2004 By: /s/ Tullio Biggi ------------------------------ Name: Tullio Biggi Title: Director Greysea Limited Dated: May 14th, 2004 By: /s/ Tullio Biggi ------------------------------ Name: Tullio Biggi Title: Director EXHIBIT 1 Close Securities Limited Dated: May 14th, 2004 By: /s/ Sarah Hale ------------------------------- Name: Sarah Hale Title: Company Secretary Close Investment Partners Limited Dated: May 14th, 2004 By: /s/ Sarah Hale ------------------------------- Name: Sarah Hale Title: Company Secretary Navalmar (UK) Limited Dated: May 14th, 2004 By: /s/ Michael Lloyd ------------------------------- Name: Michael Lloyd Title: Director Bogazzi Fimpar SpA Dated: May 14th, 2004 By: /s/ Enrico Bogazzi ------------------------------- Name: Enrico Bogazzi Title: Director Dated: May 14th, 2004 By: /s/ Enrico Bogazzi ------------------------------- Enrico Bogazzi EX-2 3 file003.txt SALE AGREEMENT EXHIBIT 2 STRICTLY PRIVATE & CONFIDENTIAL 4TH MAY 2004 SALE AGREEMENT RE; MC SHIPPING INC. (THE "COMPANY") We refer to the terms presented by the Buyers as to the sale and purchase of shares in the Company and agreed to in principal on 29th April 2004 , subject to final negotiation and documentation and confirm as follows the final terms and conditions of such agreement. 1. SELLER; Vlasov Investment Corporation of 80 Broad Street Monrovia Liberia. 2. BUYERS; Navalmar (UK) Limited 5-7 St Helen's Place London EC3A 6AU and V.Investments Limited of Trust Company Complex , Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 3. SHAREHOLDING TO BE SOLD; 100% of Seller's interest in the Company , i.e.- 4,168,000 shares. 4. INITIAL CONSIDERATION ; US$ 2.76 per share for a total amount of US$ 11,503,680 5. ADDITIONAL CONSIDERATION ; If the Buyers resell or agree to resell any of the shares within 12 months from Completion at a price in excess of US$ 2.76 per share, all proceeds in excess of US$ 2.76 per share up to and including a maximum of US$ 3.08 per share for each share sold or agreed to be sold by the Buyers during such period will be paid to the Seller as and when collected by the Buyers. 6. COMPLETION; 50% of Initial Consideration (US$ 5,751,840) payable no later than May 15th 2004 with the 50% balance of Initial Consideration (US$ 5.751,840) payable no later than 15th May 2005 with 5% interest payable thereon. Buyers to deliver to Seller , no later than 15th May 2004, unconditional guaranty(ies) in the amount of US$ 6,039,042 issued by the Bank of Scotland or another first class bank of comparable international standing reasonably acceptable to Seller, as a security for deferred 50% payment of Initial Consideration and accrued interest thereon. 1 7. WARRANTIES AND REPRESENTATIONS; All Seller's shares in the Company are sold to Buyers with full title guarantee free of all and any debts, liens or any encumbrances whatsoever. 8. JURISDICTION; English Law to apply. SIGNED: FOR V. INVESTMENTS FOR NAVALMAR (UK) LIMITED LIMITED /s/ Tullio Biggi /s/ Michael W. Lloyd - ----------------------- ------------------------- Name: Tullio Biggi Name: Michael W. Lloyd Title: Director Title: Director VLASOV INVESTMENT CORPORATION /s/ Mauro Terrevazzi - ----------------------- Name: Mauro Terrevazzi Title: Director 2 -----END PRIVACY-ENHANCED MESSAGE-----