SC 13D/A 1 v310926_sc13da.htm AMENDMENT TO SCHEDULE 13D

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Schedule 13D/A

(Amendment No. 5)

Under the Securities Exchange Act of 1934

 

New Frontier Media, Inc.

 

 

(Name of Issuer)

 

Common Stock, $0.0001 Par Value

 

 

(Title of Class of Securities)

 

644398109

 

 

(CUSIP Number)

 

Richard Stride

Longkloof Limited

No 2, The Forum, Grenville Street, St. Helier, Jersey, JE1 4HH

(tel): +44 1534 823 061

 

 

(Name, Address and Telephone Number of

Person Authorized to Receive Notices and Communications)

 

With copies to:

 

Christopher Doyle, Esq.

Stroock & Stroock & Lavan LLP

180 Maiden Lane

New York, NY 10038

(212) 806-5400

 

April 26, 2012

 

 

(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 §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨.

 

 NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 13d-7 for other parties to whom copies are to be sent.

 

 *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

 The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“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).

 

 
 

 

 1.

NAMES OF REPORTING PERSON

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 

Longkloof Limited; EIN# 98-0654770

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)  

 

(a) ¨

(b) x

 

3.

SEC USE ONLY

 

4.

SOURCE OF FUNDS (See Instructions)

 

WC

 

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

£

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Jersey, Channel Islands

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

7.

SOLE VOTING POWER

 

2,175,100
8.

SHARED VOTING POWER

 

-
9.

SOLE DISPOSITIVE POWER

 

2,175,100
10.

SHARED DISPOSITIVE POWER

 

-

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,175,100

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

 

¨
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

13.4%

of Common Stock

 

14.

TYPE OF REPORTING PERSON (See Instructions)

 

IV

 

 

 
 

 

 1.

NAMES OF REPORTING PERSON

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 

Mile End Limited

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)  

 

(a) ¨

(b) x

 

3.

SEC USE ONLY

 

4.

SOURCE OF FUNDS (See Instructions)

 

WC

 

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

£

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

British Virgin Islands

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

7.

SOLE VOTING POWER

 

403,731
8.

SHARED VOTING POWER

 

-
9.

SOLE DISPOSITIVE POWER

 

403,731
10.

SHARED DISPOSITIVE POWER

 

-

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

403,731

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

 

¨
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

2.5%

of Common Stock

 

14.

TYPE OF REPORTING PERSON (See Instructions)

 

IV

 

 

 
 

 

 1.

NAMES OF REPORTING PERSON

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 

Hosken Consolidated Investments Ltd.

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)  

 

(a) ¨

(b) x

 

3.

SEC USE ONLY

 

4.

SOURCE OF FUNDS (See Instructions)

 

  

 

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

 

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

South Africa

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

7.

SOLE VOTING POWER

 

-
8.

SHARED VOTING POWER

 

-
9.

SOLE DISPOSITIVE POWER

 

-
10.

SHARED DISPOSITIVE POWER

 

-

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

-

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

 

¨
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

-

 

14.

TYPE OF REPORTING PERSON (See Instructions)

 

IV, HC

 

 

 
 

 

 1.

NAMES OF REPORTING PERSON

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 

Sabido Investments (Pty) Ltd.

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)  

 

(a) ¨

(b) x

 

3.

SEC USE ONLY

 

4.

SOURCE OF FUNDS (See Instructions)

 

  

 

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

£

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

South Africa

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

7.

SOLE VOTING POWER

 

-
8.

SHARED VOTING POWER

 

-
9.

SOLE DISPOSITIVE POWER

 

-
10.

SHARED DISPOSITIVE POWER

 

-

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

-

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

 

¨
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

-

 

14.

TYPE OF REPORTING PERSON (See Instructions)

 

IV

 

 

 
 

 

 1.

NAMES OF REPORTING PERSON

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 

Eric Doctorow

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)  

 

(a) ¨

(b) x

 

3.

SEC USE ONLY

 

4.

SOURCE OF FUNDS (See Instructions)

 

 

 

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

  

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

7.

SOLE VOTING POWER

 

-
8.

SHARED VOTING POWER

 

-
9.

SOLE DISPOSITIVE POWER

 

-
10.

SHARED DISPOSITIVE POWER

 

-

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

-

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

 

¨
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

-

 

14.

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

 

 
 

 

 1.

NAMES OF REPORTING PERSON

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 

Mahomed Khalik Ismail Sherrif

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)  

 

(a) ¨

(b) x

 

3.

SEC USE ONLY

 

4.

SOURCE OF FUNDS (See Instructions)

 

 

 

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

  

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

South Africa

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

7.

SOLE VOTING POWER

 

-
8.

SHARED VOTING POWER

 

-
9.

SOLE DISPOSITIVE POWER

 

-
10.

SHARED DISPOSITIVE POWER

 

-

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

-

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

 

¨
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

-

 

14.

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

 

 
 

 

 1.

NAMES OF REPORTING PERSON

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 

Willem Deon Nel

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)  

 

(a) ¨

(b) x

 

3.

SEC USE ONLY

 

4.

SOURCE OF FUNDS (See Instructions)

 

 

 

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

  

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

South Africa

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

7.

SOLE VOTING POWER

 

-
8.

SHARED VOTING POWER

 

-
9.

SOLE DISPOSITIVE POWER

 

-
10.

SHARED DISPOSITIVE POWER

 

-

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

-

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

 

¨
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

-

 

14.

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

 

 
 

 

 1.

NAMES OF REPORTING PERSON

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 

Barbara Wall

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)  

 

(a) ¨

(b) x

 

3.

SEC USE ONLY

 

4.

SOURCE OF FUNDS (See Instructions)

 

 

 

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

  

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

7.

SOLE VOTING POWER

 

-
8.

SHARED VOTING POWER

 

-
9.

SOLE DISPOSITIVE POWER

 

-
10.

SHARED DISPOSITIVE POWER

 

-

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

-

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

 

¨
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

-

 

14.

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

 

 
 

 

 1.

NAMES OF REPORTING PERSON

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 

Marcel Golding

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)  

 

(a) ¨

(b) x

 

3.

SEC USE ONLY

 

4.

SOURCE OF FUNDS (See Instructions)

 

 

 

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

  

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

South Africa

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

7.

SOLE VOTING POWER

 

-
8.

SHARED VOTING POWER

 

-
9.

SOLE DISPOSITIVE POWER

 

-
10.

SHARED DISPOSITIVE POWER

 

-

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

-

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

 

¨
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

-

 

14.

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

 

 
 

 

Explanatory Note

 

 This filing (this “Schedule 13D”) constitutes Amendment No. 5 to, and amends and restates in its entirety, the Schedule 13D filed with the Securities and Exchange Commission (the “Commission”) on September 22, 2010 by Longkloof Limited and Mile End Limited, as amended by Amendment No. 1 filed on September 27, 2010, Amendment No. 2 filed on February 24, 2011, Amendment No. 3 filed on January 17, 2012 and Amendment No. 4 filed on March 14, 2012.

 

Item 1. Security and Issuer.

 

This Schedule 13D relates to common stock, par value $0.0001 per share (the “Common Stock”) of New Frontier Media, Inc., a Colorado corporation (the “Company”) and is being filed pursuant to Rule 13d-1 of the Act. The Company’s principal executive office is located at 6000 Spine Road, Suite 100, Boulder, Colorado 80301.

 

Item 2. Identity and Background.

 

(a)-(c) and (f). This Schedule 13D is being filed jointly by (i) Longkloof Limited, a limited liability company organized under the laws of Jersey, Channel Islands (“Longkloof”), (ii) Mile End Limited, a limited liability company organized under the laws of British Virgin Islands (“Mile End”), (iii) Hosken Consolidated Investments Ltd., a corporation organized under the laws of South Africa (“Hosken”), (iv) Sabido Investments (Pty) Ltd., a limited liability company organized under the laws of South Africa (“Sabido”), (v) Eric Doctorow, a natural person and citizen of the United States, (vi) Mahomed Khalik Ismail Sherrif, a natural person and citizen of South Africa, (vii) Willem Deon Nel, a natural person and citizen of South Africa, (viii) Barbara Wall, a natural person and citizen of the United States, and (ix) Marcel Golding, a natural person and citizen of South Africa (collectively, the “Reporting Persons”). Each of the Reporting Persons is party to that certain Joint Filing and Solicitation Agreement as further described in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D.

 

Longkloof’s principal business activity is that of a private investment holding company, and its principal business addresses is No 2, The Forum, Grenville Street, St Helier, Jersey, Channel Islands, JE1 4HH. Mile End’s principal business activity is that of a private investment holding company, and its principal business addresses is No 2, The Forum, Grenville Street, St Helier, Jersey, Channel Islands, JE1 4HH. Hosken’s principal business activity is that of an investment holding company, and its principal business addresses is located at Longkloof Studios, Darters Road, Gardens, Cape Town, 8001, South Africa. Sabido’s principal business activity is that of a private investment holding company, and its principal business addresses is located at 5 Summit Road, Dunkeld West, 2196, South Africa. Set forth on Schedule A annexed hereto are the names of the executive officers and directors of each of Longkloof, Mile End, Hosken and Sabido, their principal business addresses and citizenship. Mr. Doctorow’s principal occupation is serving as a consultant to Relativity Media LLC’s Home Entertainment Business, and his principal business address is 26050 Mulholland Highway, Calabasas, CA 91302. Mr. Sherrif’s principal occupation is serving as the Chief Commercial Officer of Sabido, and his principal business address is 5 Summit Road, Dunkeld West, 2196, South Africa. Mr. Nel’s principal occupation is serving as the Chief Financial Officer of Sabido, and his principal business address is 5 Summit Road, Dunkeld West, 2196, South Africa. Ms. Wall’s principal occupation is programming development and production executive, and her principal business address is 1925 South Beverly Glen Boulevard #32, Los Angeles, CA 90025. Mr. Golding’s principal occupation is serving as the Executive Chairman of Hosken, and his principal business address is Longkloof Studios, Darters Road, Gardens, Cape Town, 8001, South Africa.

 

(d). During the last five years, none of the Reporting Persons or the persons listed in Schedule A annexed hereto has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e). During the last five years, none of the Reporting Persons or the persons listed in Schedule A annexed hereto has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, and as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Item 3.  Source and Amount of Funds or Other Consideration.

 

Longkloof and Mile End expended an aggregate of $4,315,123, including brokerage commissions, using their respective working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) to acquire the beneficial ownership of the shares of Common Stock of the Company reported herein.

 

 Item 4.  Purpose of the Transaction.

 

The principal business activity of both Longkloof and Mile End is that of a private investment holding company. In pursuing this business, Longkloof and Mile End analyze the operations, capital structure and markets of companies, including the Company, on a continuous basis through analysis of documentation and discussions with knowledgeable industry and market observers and with representatives of such companies. The shares of Common Stock of the Company acquired by Longkloof and Mile End were acquired originally for investment purposes.

 

 
 

 

On March 9, 2012, Longkloof sent a letter (the “March 9 Letter”) to the Board of Directors of the Company, pursuant to which Longkloof made an offer to acquire all of the outstanding shares of Common Stock of the Company not beneficially owned by Longkloof for $1.35 per share in cash, subject to the terms and conditions specified in the March 9 Letter. In the March 9 Letter, Longkloof also confirmed its commitment to protecting the value of its investment in the Company and noted that it was prepared to pursue any and all actions available to it in order to ensure that it maximizes stockholder value. Also on March 9, 2012, Longkloof issued a press release (the “March 9 Press Release”) announcing that it had sent the March 9 Letter to the Board of Directors of the Company. The foregoing descriptions of the March 9 Letter and the March 9 Press Release are qualified in their entirety by reference to the March 9 Letter and the March 9 Press Release, copies of which were filed as Exhibit II and Exhibit III, respectively, to the Schedule 13D/A filed by Longkloof and Mile End with the Commission on March 14, 2012 and are incorporated herein by reference.

 

On April 26, 2012, Longkloof delivered a letter to the Company nominating Eric Doctorow, Mahomed Khalik Ismail Sherrif, Willem Deon Nel and Barbara Wall (collectively, the “Nominees”), as set forth therein, for election to the Company’s Board of Directors at the Company’s 2012 annual meeting of stockholders, or any other meeting of stockholders held in lieu thereof, and any adjournments, postponements, reschedulings or continuations thereof (the “Annual Meeting”). A copy of the letter is attached hereto as Exhibit IV and is incorporated herein by reference.

 

LONGKLOOF STRONGLY ADVISES ALL NEW FRONTIER MEDIA, INC. SHAREHOLDERS TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS RELATING TO THE INTENDED SOLICITATION OF PROXIES BY LONGKLOOF AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO THE PARTICIPANTS IN SUCH PROXY SOLICITATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE COMMISSION’S WEBSITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THE SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE UPON REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO THE PARTICIPANTS’ PROXY SOLICITOR.

 

Item 5. Interest in Securities of the Issuer.

 

(a). The aggregate percentage of shares of Common Stock of the Company reported to be owned by the Reporting Persons is based upon 16,190,408 shares outstanding, which is the total number of shares of Common Stock of the Company outstanding as reported in the Company’s Form 10-Q for the quarter ended December 31, 2011 as filed with the Commission on February 13, 2012.

 

As of the date of this Schedule 13D, Longkloof is the holder of record of, and is entitled to vote, 1,000 shares of Common Stock of the Company and is the direct beneficial owner of 2,175,100 shares of Common Stock of the Company (including the 1,000 shares of Common Stock which Longkloof is the shareholder of record), representing approximately 13.4% of the Company’s issued and outstanding Common Stock. As of the date of this Schedule 13D, Mile End is the direct beneficial owner of 403,731 shares of Common Stock of the Company, representing approximately 2.5% of the Company’s issued and outstanding Common Stock.

 

Hosken, Sabido, Messrs. Doctorow, Sherrif, Nel and Golding and Ms. Wall do not currently own any shares of Common Stock of the Company directly.

 

Sabido is the 100% owner of Longkloof and provides certain shareholder and financing services to Longkloof. In addition, two of Sabido’s employees, Messrs. Sherrif and Nel, are director nominees of Longkloof. The consequence of the foregoing is that Sabido may be deemed to beneficially own the shares of Common Stock of the Company owned by Longkloof.

 

Hosken is the majority owner of Sabido and the indirect owner of Longkloof, and in such capacity may be deemed to beneficially own the shares of Common Stock of the Company owned by Longkloof.

 

Each of Messrs. Doctorow, Sherrif, Nel and Ms. Wall, by virtue of his or her status as director nominees of Longkloof, may be deemed to beneficially own the shares of Common Stock of the Company held by Longkloof.

 

Marcel Golding is affiliated with Mile End, and in such capacity may be deemed to beneficially own the shares of Common Stock of the Company owned by Mile End.

 

Mr. Golding also serves as the Executive Chairman of Hosken and, consequently, Longkloof may be deemed to be a beneficial owner of the 403,731 shares of Common Stock of the Company held by Mile End, representing (together with the 2,175,000 shares owned directly by Longkloof) an aggregate of 2,578,831 shares of Common Stock or approximately 15.9% of the issued and outstanding Common Stock. Similarly, Mile End may be deemed to be a beneficial owner of the 2,175,000 shares of Common Stock of the Company held by Longkloof, representing (together with the 403,731 shares owned directly by Mile End) an aggregate of 2,578,831 shares of Common Stock or approximately 15.9% of the issued and outstanding Common Stock. The foregoing should not be construed in and of itself as an admission by Longkloof as to beneficial ownership of the shares of Common Stock held by Mile End, nor should the foregoing be construed in and of itself as an admission by Mile End as to beneficial ownership of the shares of Common Stock held by Longkloof.

 

 
 

 

Hosken and Sabido disclaim beneficial ownership in the shares of Common Stock of the Company reported herein except to the extent of their pecuniary interest therein. Messrs. Doctorow, Sherrif, Nel and Golding and Ms. Wall each disclaim beneficial ownership in the shares of Common Stock of the Company reported herein.

 

(b).  See Items 7 through 10 of the cover page for each Reporting Person.

 

(c).  There have been no transactions by the Reporting Persons with respect to the shares of Common Stock of the Company in the past 60 days.

 

(d).  No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock of the Company reported herein.

 

(e).  Not applicable.

 

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

 

On April 25, 2012, the Reporting Persons entered into a Joint Filing and Solicitation Agreement in which, among other things, (a) the parties agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Company, (b) the parties agreed to solicit proxies or written consents for the election of the Nominees, or any other person(s) nominated by Longkloof, to the Company’s Board of Directors at the Annual Meeting (the “Solicitation”), and (c) Longkloof agreed to bear all expenses incurred in connection with the Reporting Persons’ activities, including approved expenses incurred by any of the parties in connection with the Solicitation, subject to certain limitations. A copy of the Joint Filing and Solicitation Agreement is attached hereto as Exhibit V and is incorporated herein by reference.

 

Pursuant to individual letter agreements, Longkloof has agreed to indemnify Messrs. Doctorow, Sherrif, Nel and Ms. Wall against claims arising from the Solicitation and any related transactions. The form of indemnification letter agreement is attached hereto as Exhibit VI and is incorporated herein by reference.

 

Item 7.  Materials to be Filed as Exhibits.

 

  Item 7 is hereby amended to add the following exhibits:

 

Exhibit I Joint Filing Agreement by and between Longkloof Limited and Mile End Limited, dated September 16, 2010 (incorporated by reference to the Schedule 13D filed by Longkloof Limited and Mile End Limited with the Commission on September 22, 2010).
   
Exhibit II Letter from Longkloof Limited to New Frontier Media, Inc., dated March 9, 2012, offering to acquire all of the outstanding shares of Common Stock of the Company not beneficially owned by Longkloof (incorporated by reference to the Schedule 13D/A filed by Longkloof Limited and Mile End Limited with the Commission on March 14, 2012).
   
Exhibit III Press Release dated March 9, 2012 (incorporated by reference to the Schedule 13D/A filed by Longkloof Limited and Mile End Limited with the Commission on March 14, 2012).
   
Exhibit IV Letter from Longkloof Limited to New Frontier Media, Inc., dated April 26, 2012, nominating directors.
   
Exhibit V Joint Filing and Solicitation Agreement by and among Longkloof Limited, Mile End Limited, Hosken Consolidated Investments Ltd., Sabido Investments (Pty) Ltd., Marcel Golding, Eric Doctorow, Mahomed Khalik Ismail Sherrif, Willem Deon Nel, and Barbara Wall, dated April 25, 2012.
   
Exhibit VI Form of Indemnification Letter Agreement.

 

 
 

 

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.

 

  Longkloof Limited, a Jersey limited liability company
   
Dated: April 27, 2012 By: /s/ Mark Rosin
    Name: Mark Rosin
    Title: Attorney-in-Fact
     
  Mile End Limited, a British Virgin Islands limited liability company
   
Dated: April 27, 2012 By: /s/ Mark Rosin
    Name: Mark Rosin
    Title: Attorney-in-Fact

 

  Hosken Consolidated Investments Ltd., a South African corporation
   
Dated: April 27, 2012 By: /s/ Mark Rosin
    Name: Mark Rosin
    Title: Attorney-in-Fact
     
  Sabido Investments (Pty) Ltd., a South African limited liability company
   
Dated: April 27, 2012 By: /s/ Mark Rosin
    Name: Mark Rosin
    Title: Attorney-in-Fact

 

 
 

 

  Marcel Golding
   
Dated: April 27, 2012 By: /s/ Mark Rosin
    Name: Mark Rosin
    Title: Attorney-in-Fact
   
  Eric Doctorow
   
Dated: April 27, 2012 By: /s/ Mark Rosin
    Name: Mark Rosin
    Title: Attorney-in-Fact
     
  Mahomed Khalik Ismail Sherrif
     
Dated: April 27, 2012 By: /s/ Mark Rosin
    Name: Mark Rosin
    Title: Attorney-in-Fact
     
  Willem Deon Nel
     
Dated: April 27, 2012 By: /s/ Mark Rosin
    Name: Mark Rosin
    Title: Attorney-in-Fact
     
  Barbara Wall
     
Dated: April 27, 2012 By: /s/ Mark Rosin
    Name: Mark Rosin
    Title: Attorney-in-Fact

 

 
 

 

Schedule A

 

Directors and Executive Officers of Longkloof

 

The following sets forth the names, positions and citizenship of each of the executive officers and directors of Longkloof and each director of the director of Longkloof. The principal business address of each of the executive officers and directors of Longkloof, and each director of the director of Longkloof, is No 2, The Forum, Grenville Street, St Helier, Jersey, Channel Islands, JE1 4HH.

 

Name   Position   Citizenship
         
Beaumont (Directors) Limited   Director of Longkloof   Jersey, Channel Islands
         
Hermes (Secretaries) Limited   Secretary of Longkloof   British Virgin Islands
         
Cora Binchy   Director of Beaumont (Directors) Limited   Ireland
         
James Samuel Colclough   Director of Beaumont (Directors) Limited   United Kingdom
         
Ian Christopher Crosby   Director of Beaumont (Directors) Limited   United Kingdom
         
Robert Niall Douglas   Director of Beaumont (Directors) Limited   United Kingdom
         
Mervyn Brian Ellis   Director of Beaumont (Directors) Limited   United Kingdom
         
Ian William Ferguson   Director of Beaumont (Directors) Limited   United Kingdom
         
Karen Oliver   Director of Beaumont (Directors) Limited   United Kingdom
         
Paul Edmund Walter Roper   Director of Beaumont (Directors) Limited   United Kingdom

 

Directors and Executive Officers of Mile End

 

The following sets forth the names, positions and citizenship of each of the executive officers and directors of Mile End and each director of the director of Mile End. The principal business address of each of the executive officers and directors of Mile End, and each director of the director of Mile End, is No 2, The Forum, Grenville Street, St Helier, Jersey, Channel Islands, JE1 4HH.

 

Name   Position   Citizenship
         
Chaumont (Directors) Limited   Director of Mile End   British Virgin Islands
         
Hermes (Secretaries) Limited   Secretary of Longkloof   British Virgin Islands
         
Cora Binchy   Director of Chaumont (Directors) Limited   Ireland
         
James Samuel Colclough   Director of Chaumont (Directors) Limited   United Kingdom
         
Ian Christopher Crosby   Director of Chaumont (Directors) Limited   United Kingdom
         
Robert Niall Douglas   Director of Chaumont (Directors) Limited   United Kingdom
         
Mervyn Brian Ellis   Director of Chaumont (Directors) Limited   United Kingdom
         
Ian William Ferguson   Director of Chaumont (Directors) Limited   United Kingdom
         
Karen Oliver   Director of Chaumont (Directors) Limited   United Kingdom
         
Paul Edmund Walter Roper   Director of Chaumont (Directors) Limited   United Kingdom
         
Philip Graham Dean   Director of Chaumont (Directors) Limited   United Kingdom
         
Philippe de Salis   Director of Chaumont (Directors) Limited   Switzerland
         
Bonnie Mary Steiner   Director of Chaumont (Directors) Limited   Switzerland
         
Aris Solon Tatos   Director of Chaumont (Directors) Limited   Belgium

 

 
 

 

Directors and Executive Officers of Hosken

 

The following sets forth the names, positions and citizenship of each of the executive officers and directors of Hosken. The principal business address of each of the executive officers and directors of Hosken is Longkloof Studios, Darters Road, Gardens, Cape Town, 8001, South Africa.

 

Name   Position   Citizenship
         
Marcel Anthony Golding   Executive Chairman and Director   South Africa
         
John Anthony Copelyn   Chief Executive Officer and Director   South Africa
         
Theventheran Govindsamy Govender   Chief Financial Officer and Director   South Africa
         
Virginia Mary Engel   Director   South Africa
         
Mimi Freddie Magugu   Director   South Africa
         
Lynette Moretlo Molefi   Director   South Africa
         
Jabulani Geffrey Ngcobo   Director   South Africa
         
Yunis Shaik   Director   South Africa
         
Elias Velaphi Mphande   Director   South Africa

 

Directors and Executive Officers of Sabido

 

The following sets forth the names, positions and citizenship of each of the executive officers and directors of Sabido. The principal business address of each of the executive officers and directors of Sabido is 5 Summit Road, Dunkeld West, 2196, South Africa.

 

Name   Position   Citizenship
         
Marcel Anthony Golding   Chief Executive Officer and Director   South Africa
         
John Anthony Copelyn   Executive Chairman and Director   South Africa
         
Jannie Durand   Director   South Africa
         
Theventheran Govindsamy Govender   Director   South Africa
         
Hendrik John Carse   Director   South Africa
         
Elias Velaphi Mphande   Director   South Africa
         
Lynette Moretlo Molefi   Director   South Africa

 

 
 

 

Exhibit Index

 

Exhibit I Joint Filing Agreement by and between Longkloof Limited and Mile End Limited, dated September 16, 2010 (incorporated by reference to the Schedule 13D filed by Longkloof Limited and Mile End Limited with the Commission on September 22, 2010).
   
Exhibit II Letter from Longkloof Limited to New Frontier Media, Inc., dated March 9, 2012, offering to acquire all of the outstanding shares of Common Stock of the Company not beneficially owned by Longkloof (incorporated by reference to the Schedule 13D/A filed by Longkloof Limited and Mile End Limited with the Commission on March 14, 2012).
   
Exhibit III Press Release dated March 9, 2012 (incorporated by reference to the Schedule 13D/A filed by Longkloof Limited and Mile End Limited with the Commission on March 14, 2012).
   
Exhibit IV Letter from Longkloof Limited to New Frontier Media, Inc., dated April 26, 2012, nominating directors.
   
Exhibit V Joint Filing and Solicitation Agreement by and among Longkloof Limited, Mile End Limited, Hosken Consolidated Investments Ltd., Sabido Investments (Pty) Ltd., Eric Doctorow, Mahomed Khalik Ismail Sherrif, Willem Deon Nel and Barbara Wall, dated April 25, 2012.
   
Exhibit VI Form of Indemnification Letter Agreement.