0001398344-17-004869.txt : 20170414 0001398344-17-004869.hdr.sgml : 20170414 20170413173859 ACCESSION NUMBER: 0001398344-17-004869 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170414 DATE AS OF CHANGE: 20170413 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Adecoagro S.A. CENTRAL INDEX KEY: 0001499505 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-86092 FILM NUMBER: 17761644 BUSINESS ADDRESS: STREET 1: 13-15 Avenue de la Liberte CITY: N/A STATE: N4 ZIP: L-1931 BUSINESS PHONE: 352 2689-8213 MAIL ADDRESS: STREET 1: 13-15 Avenue de la Liberte CITY: N/A STATE: N4 ZIP: L-1931 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Bienville Capital Management, LLC CENTRAL INDEX KEY: 0001605070 IRS NUMBER: 263910596 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 521 5TH AVENUE STREET 2: 35TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10175 BUSINESS PHONE: 212-226-7348 MAIL ADDRESS: STREET 1: 521 5TH AVENUE STREET 2: 35TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10175 SC 13G 1 fp0025173_sc13g.htm
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________

SCHEDULE 13G
(Rule 49106
13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)

(AMENDMENT NO. __)*

Adecoagro S A
(Name of Issuer)

Common Stock

(Title of Class of Securities)

L00849106

(CUSIP Number)

4/4/2017

(Date of Event Which Requires Filing of This Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[  ]
Rule 13d-1(b)
[X]
Rule 13d-1(c)
[  ]
Rule 13d-1(d)

____________________

* 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 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. L00849106
13G
Page 2 of 5 Pages

1
NAMES OF REPORTING PERSONS S.S. OR
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
 
Bienville Capital Management, LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a) [ ]
(b) [ ]
3
SEC USE ONLY
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5
SOLE VOTING POWER
 
0
 
6
SHARED VOTING POWER
 
6,516,322 shares of Common Stock
 
7
SOLE DISPOSITIVE POWER
 
0
 
8
SHARED DISPOSITIVE POWER
 
6,516,322 shares of Common Stock
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
6,516,322 shares of Common Stock
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
 
 
[ ]
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
5.38
 
12
TYPE OF REPORTING PERSON
 
IA
 



CUSIP NO. L00849106
13G
Page 2 of 5 Pages

1
NAMES OF REPORTING PERSONS S.S. OR
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
 
William Herbert Stimpson II
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a) [ ]
(b) [ ]
3
SEC USE ONLY
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5
SOLE VOTING POWER
 
0
 
6
SHARED VOTING POWER
 
6,516,322 shares of Common Stock
 
7
SOLE DISPOSITIVE POWER
 
0
 
8
SHARED DISPOSITIVE POWER
 
6,516,322 shares of Common Stock
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
6,516,322 shares of Common Stock
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
 
 
[ ]
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
5.38
 
12
TYPE OF REPORTING PERSON
 
IN
 
 

CUSIP NO. L00849106
13G
Page 2 of 5 Pages

1
NAMES OF REPORTING PERSONS S.S. OR
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
 
Michael Cullen Thompson, Jr.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a) [ ]
(b) [ ]
3
SEC USE ONLY
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5
SOLE VOTING POWER
 
0
 
6
SHARED VOTING POWER
 
6,516,322 shares of Common Stock
 
7
SOLE DISPOSITIVE POWER
 
0
 
8
SHARED DISPOSITIVE POWER
 
6,516,322 shares of Common Stock
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
6,516,322 shares of Common Stock
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
 
 
[ ]
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
5.38
 
12
TYPE OF REPORTING PERSON
 
IN
 
 

CUSIP NO. L00849106
13G
Page 3 of 5 Pages

Item 1.  (a)  Name of Issuer:

Adecoagro S A

(b)
Address of Issuer’s Principal Executive Offices:

Fondo de la Legua 936 Martínez (B1640EDO) - Buenos AiresArgentina
 
Item 2.  (a)  Name of Person Filing:
 
(1)(1)
Bienville Capital Management, LLC,;

(2)
William Hebert Stimpson II; and

(3)
Michael Cullen Thompson.

(b)
Address of Principal Business Office or, if None, Residence:
 
(1)
Bienville Capital Management, LLC, is located at 521 5th Avenue, 35th Floor New York, NY10175;
(2)
William Hebert Stimpson II, is located at 60 White Oak Shade Road, New Canaan, CT 06840; and
(3)
Michael Cullen Thompson, Jr. is located at 29839 Cuthbert Road, Malibu, CA, 90265.

(c)
Citizenship:

Bienville Capital Management, LLC, is a Delaware limited liability company. William Hebert Stimpson II and Michael Cullen Thompson, Jr., are citizens of the United States.

(d)
Title of Class of Securities:

Common Stock

(e)
CUSIP Number:

L00849106

Item 3.
If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:

(a)  [   ]  Broker or dealer registered under Section 15 of the Exchange Act.
 
(b)  [   ]  Bank as defined in Section 3(a)(6) of the Exchange Act.
 
(c)  [   ]  Insurance company as defined in Section 3(a)(19) of the Exchange Act.
 
(d)  [   ]  Investment company registered under Section 8 of the Investment Company Act.
 
(e  [   ]  An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
 
(f)  [   ]  An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
 
(g)  [   ]  A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
 
(h)  [   ]  A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
 
(i)  [   ]  A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;
 
(j)  [   ]  Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
 

CUSIP NO. L00849106
13G
Page 4 of 5 Pages
 
Item 4.
Ownership.
 
   
Bienville Capital Management, LLC
William Herbert Stimpson II
Cullen
Thompson, Jr.
(a)
Amount beneficially owned:
6,516,322.00
6,516,322.00
6,516,322.00
(b)
Percent of class:
5.38%
5.38%
5.38%
(c)
Number of shares as to which the person has:
     
 
(i)
Sole power to vote or to direct the vote:
0
0
0
 
(ii)
Shared power to vote or to direct the vote:
6,516,322
6,516,322
6,516,322
 
(iii)
Sole power to dispose or to direct the disposition of:
0
0
0
 
(iv)
Shared power to dispose or to direct the disposition of:
6,516,322
6,516,322
6,516,322
 
All of the reported shares are owned directly by Bienville Argentina Opportunities Master Fund, LP, Bienville Argentina Opportunities Fund 2.0, LP,  various separately managed accounts for which Bienville Capital Management, LLC (“Investment Manager”), serves as the Investment Manager. The Investment Manager could be deemed to be indirect beneficial owners of the reported shares. William Herbert Stimpson II and Michael Cullen Thompson, Jr. (collectively, “Managers”) are the managers of Investment Manager. As such, the Managers could be deemed to share such indirect beneficial ownership with Investment Manager. The Investment Manager and the Managers disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purpose.
 
Item 5.
Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  [   ]

Item 6.
Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not applicable
 
Item 8.
Identification and Classification of Members of the Group.

Not applicable

Item 9.
Notice of Dissolution of Group.

Not applicable
 

CUSIP NO. L00849106
13G
Page 5 of 5 Pages
 
Item 10.
Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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.
 
Bienville Capital Management, LLC, as Investment Manager of Bienville Argentina Opportunities Master Fund, LP, Bienville Argentina Opportunities Fund 2.0, LP, Bienville Capital Partners, LP  and various separately managed account clients

By:
/s/ William H. Stimpson, II   
Name: William H. Stimpson, II 
 
Title: Managing Member 
 

William H. Stimpson, II, as controlling shareholder of the Investment Manager 
 
/s/ William H. Stimpson, II   
 
 
M. Cullen Thompson, Jr., as controlling shareholder of the Investment Manager 
 
/s/ M. Cullen Thompson, Jr.  

EXHIBIT A
 
STATEMENT FILED PURSUANT TO RULE 13D-1(K)(1)(III) OF
REGULATION 13D-G OF THE GENERAL RULES AND REGULATIONS
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
Pursuant to Rule 13d-1(k)(1)(iii) of Regulation 13D-G of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended, the undersigned agree that the statement to which this Exhibit is attached is filed on behalf of each of them in the capacities set forth below.
 
Dated: April 13, 2017

Bienville Capital Management, LLC, as Investment Manager of Bienville Argentina Opportunities Master Fund, LP, Bienville Argentina Opportunities Fund 2.0, LP, Bienville Capital Partners, LP  and various separately managed account clients

By:
/s/ William H. Stimpson, II   
Name: William H. Stimpson, II 
 
Title: Managing Member 
 
 
William H. Stimpson, II, as Managing Member of the Investment Manager 
   
/s/ William H. Stimpson, II 
 
   
M. Cullen Thompson, Jr., as Managing Member of the Investment Manager 
   
/s/ M. Cullen Thompson, Jr.