-----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, AXawS+bDDzVQVE6f3xP8zXTxn4z4SquR4gRd6wTv47gNfGRtyuZWoaMC3hwxoERo YulcN/lH3vX5FtDSrwY4zg== 0000921530-98-000090.txt : 19980616 0000921530-98-000090.hdr.sgml : 19980616 ACCESSION NUMBER: 0000921530-98-000090 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 19980615 SROS: NASD GROUP MEMBERS: GEORGE SOROS GROUP MEMBERS: JOSEPH U. BARTON GROUP MEMBERS: STANLEY F. DRUCKENMILLER GROUP MEMBERS: THOMAS U. BARTON GROUP MEMBERS: WHITE ROCK CAPITAL MANAGEMENT LP GROUP MEMBERS: WHITE ROCK CAPITAL MANAGEMENT, L.P. GROUP MEMBERS: WHITE ROCK CAPITAL PARTNERS, L.P. GROUP MEMBERS: WHITE ROCK CAPITAL, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: IGEN INTERNATIONAL INC /DE CENTRAL INDEX KEY: 0000916304 STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794] IRS NUMBER: 942852543 STATE OF INCORPORATION: CA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-47749 FILM NUMBER: 98648613 BUSINESS ADDRESS: STREET 1: 16020 INDUSTRIAL DR CITY: GAITHERSBURG STATE: MD ZIP: 20877 BUSINESS PHONE: 3019848000 MAIL ADDRESS: STREET 1: 16020 INDUSTRIAL DRIVE CITY: GAITHERSBURG STATE: MD ZIP: 20877 FORMER COMPANY: FORMER CONFORMED NAME: IGEN INC /CA/ DATE OF NAME CHANGE: 19931216 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WHITE ROCK CAPITAL MANAGEMENT LP CENTRAL INDEX KEY: 0001051272 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 3131 TURLTE CREEK BLVD CITY: DALLAS STATE: TX ZIP: 75219 BUSINESS PHONE: 2149793000 MAIL ADDRESS: STREET 1: 3131 TURTLE CREEK BLVD CITY: DALLAS STATE: TX ZIP: 75219 SC 13G/A 1 AMEND #1 TO SCH 13G RE IGEN INTERNATIONAL, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* IGEN INTERNATIONAL, INC. ------------------------ (Name of Issuer) Common Stock, $0.001 Par Value ------------------------------- (Title of Class of Securities) 449536101 ----------- (CUSIP Number) June 8, 1998 ------------------------------------ (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 disclosure 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). Continued on following page(s) Page 1 of 23 Pages Exhibit Index: Page 19 SCHEDULE 13G CUSIP No. 449536101 Page 2 of 23 Pages 1 Name of Reporting Person I.R.S. Identification No. of Above Persons (ENTITIES ONLY) SOROS FUND MANAGEMENT LLC 2 Check the Appropriate Box If a Member of a Group* a. [_] b. [x] 3 SEC Use Only 4 Citizenship or Place of Organization DELAWARE 5 Sole Voting Power Number of 0 Shares Beneficially 6 Shared Voting Power Owned By 0 Each Reporting 7 Sole Dispositive Power Person 0 With 8 Shared Dispositive Power 0 9 Aggregate Amount Beneficially Owned by Each Reporting Person 792,583/1/ 10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* [x] 11 Percent of Class Represented By Amount in Row (9) 5.16% 12 Type of Reporting Person* OO; IA * SEE INSTRUCTIONS BEFORE FILLING OUT! - ----------------------- /1/ See Item 4(a). SCHEDULE 13G CUSIP No. 449536101 Page 3 of 23 Pages 1 Name of Reporting Person I.R.S. Identification No. of Above Persons (ENTITIES ONLY) GEORGE SOROS (in the capacity described herein) 2 Check the Appropriate Box If a Member of a Group* a. [_] b. [x] 3 SEC Use Only 4 Citizenship or Place of Organization UNITED STATES 5 Sole Voting Power Number of 0 Shares Beneficially 6 Shared Voting Power Owned By 0 Each Reporting 7 Sole Dispositive Power Person 0 With 8 Shared Dispositive Power 0 9 Aggregate Amount Beneficially Owned by Each Reporting Person 792,583/1/ 10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* [x] 11 Percent of Class Represented By Amount in Row (9) 5.16% 12 Type of Reporting Person* IA * SEE INSTRUCTIONS BEFORE FILLING OUT! - ----------------------- /1/ See Item 4(a). SCHEDULE 13G CUSIP No. 449536101 Page 4 of 23 Pages 1 Name of Reporting Person I.R.S. Identification No. of Above Persons (ENTITIES ONLY) STANLEY F. DRUCKENMILLER (in the capacity described herein) 2 Check the Appropriate Box If a Member of a Group* a. [_] b. [x] 3 SEC Use Only 4 Citizenship or Place of Organization UNITED STATES 5 Sole Voting Power Number of 0 Shares Beneficially 6 Shared Voting Power Owned By 0 Each Reporting 7 Sole Dispositive Power Person 0 With 8 Shared Dispositive Power 0 9 Aggregate Amount Beneficially Owned by Each Reporting Person 792,583/1/ 10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* [x] 11 Percent of Class Represented By Amount in Row (9) 5.16% 12 Type of Reporting Person* IA * SEE INSTRUCTIONS BEFORE FILLING OUT! - ----------------------- /1/ See Item 4(a). SCHEDULE 13G CUSIP No. 449536101 Page 5 of 23 Pages 1 Name of Reporting Person I.R.S. Identification No. of Above Persons (ENTITIES ONLY) WHITE ROCK CAPITAL PARTNERS, L.P. 2 Check the Appropriate Box If a Member of a Group* a. [_] b. [x] 3 SEC Use Only 4 Citizenship or Place of Organization TEXAS 5 Sole Voting Power Number of 166,133 Shares Beneficially 6 Shared Voting Power Owned By 0 Each Reporting 7 Sole Dispositive Power Person 166,133 With 8 Shared Dispositive Power 0 9 Aggregate Amount Beneficially Owned by Each Reporting Person 166,133 10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* [x] 11 Percent of Class Represented By Amount in Row (9) 1.09% 12 Type of Reporting Person* PN; IV * SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13G CUSIP No. 449536101 Page 6 of 23 Pages 1 Name of Reporting Person I.R.S. Identification No. of Above Persons (ENTITIES ONLY) WHITE ROCK CAPITAL MANAGEMENT, L.P. 2 Check the Appropriate Box If a Member of a Group* a. [_] b. [x] 3 SEC Use Only 4 Citizenship or Place of Organization TEXAS 5 Sole Voting Power Number of 25,000 Shares Beneficially 6 Shared Voting Power Owned By 1,577,349 Each Reporting 7 Sole Dispositive Power Person 25,000 With 8 Shared Dispositive Power 1,577,349 9 Aggregate Amount Beneficially Owned by Each Reporting Person 1,602,349 10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* [X] 11 Percent of Class Represented By Amount in Row (9) 10.34% 12 Type of Reporting Person* PN; IA * SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13G CUSIP No. 449536101 Page 7 of 23 Pages 1 Name of Reporting Person I.R.S. Identification No. of Above Persons (ENTITIES ONLY) WHITE ROCK CAPITAL, INC. 2 Check the Appropriate Box If a Member of a Group* a. [_] b. [x] 3 SEC Use Only 4 Citizenship or Place of Organization TEXAS 5 Sole Voting Power Number of 0 Shares Beneficially 6 Shared Voting Power Owned By 1,602,349 Each Reporting 7 Sole Dispositive Power Person 0 With 8 Shared Dispositive Power 1,602,349 9 Aggregate Amount Beneficially Owned by Each Reporting Person 1,602,349 10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* [X] 11 Percent of Class Represented By Amount in Row (9) 10.34% 12 Type of Reporting Person* CO; IA * SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13G CUSIP No. 449536101 Page 8 of 23 Pages 1 Name of Reporting Person I.R.S. Identification No. of Above Persons (ENTITIES ONLY) THOMAS U. BARTON 2 Check the Appropriate Box If a Member of a Group* a. [_] b. [x] 3 SEC Use Only 4 Citizenship or Place of Organization UNITED STATES 5 Sole Voting Power Number of 6,700 Shares Beneficially 6 Shared Voting Power Owned By 1,602,349 Each Reporting 7 Sole Dispositive Power Person 6,700 With 8 Shared Dispositive Power 1,602,349 9 Aggregate Amount Beneficially Owned by Each Reporting Person 1,609,049 10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* [X] 11 Percent of Class Represented By Amount in Row (9) 10.38% 12 Type of Reporting Person* IA; IN * SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13G CUSIP No. 449536101 Page 9 of 23 Pages 1 Name of Reporting Person I.R.S. Identification No. of Above Persons (ENTITIES ONLY) JOSEPH U. BARTON 2 Check the Appropriate Box If a Member of a Group* a. [_] b. [x] 3 SEC Use Only 4 Citizenship or Place of Organization UNITED STATES 5 Sole Voting Power Number of 5,000 Shares Beneficially 6 Shared Voting Power Owned By 1,602,349 Each Reporting 7 Sole Dispositive Power Person 5,000 With 8 Shared Dispositive Power 1,602,349 9 Aggregate Amount Beneficially Owned by Each Reporting Person 1,607,349 10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* [X] 11 Percent of Class Represented By Amount in Row (9) 10.37% 12 Type of Reporting Person* IA; IN * SEE INSTRUCTIONS BEFORE FILLING OUT! Page 10 of 23 Pages Item 1(a) Name of Issuer: Igen International, Inc. (the "Issuer"). Item 1(b) Address of the Issuer's Principal Executive Offices: 16020 Industrial Drive, Gaithersburg, MD 20877. Item 2(a) Name of Person Filing: This statement is filed on behalf of each of the following persons (collectively, the "Reporting Persons"): (i) Soros Fund Management LLC, a Delaware limited liability company ("SFM LLC") (ii) Mr. George Soros ("Mr. Soros"), (iii) Mr. Stanley F. Druckenmiller ("Mr. Druckenmiller"), (iv) White Rock Capital Partners, L.P., a Texas limited partnership ("White Rock Partners"), (v) White Rock Capital Management, L.P., a Texas limited partnership ("White Rock Management"), (vi) White Rock Capital, Inc., a Texas corporation ("White Rock, Inc."), (vii) Thomas U. Barton and (viii) Joseph U. Barton. This Statement relates to Shares that were acquired by White Rock Management on behalf of certain institutional clients (the "White Rock Clients"), including, but not limited to, Quantum Partners LDC, a Cayman Islands exempted limited duration company ("Quantum Partners"). SFM LLC, a Delaware limited liability company, serves as principal investment manager to Quantum Partners and as such, has been granted investment discretion over portfolio investments, including the Shares, held for the account of Quantum Partners. Mr. Soros is the Chairman of SFM LLC. Mr. Druckenmiller is the Lead Portfolio Manager and a member of the Management Committee of SFM LLC. SFM LLC, on behalf of Quantum Partners, has granted investment discretion to White Rock Management, pursuant to an investment advisory contract between Quantum Partners and White Rock Management (the "Quantum Partners-White Rock Contract"). The Shares currently held for the account of Quantum Partners were acquired at the direction of White Rock Management, and none of SFM LLC, Mr. Soros and Mr. Druckenmiller currently exercises voting or dispositive power over the Shares. This Statement also relates to Shares held for the accounts of White Rock Partners, White Rock Management, Thomas U. Barton and Joseph U. Barton. The general partner of White Rock Partners is White Rock Capital Management, the general partner of which is White Rock, Inc. Thomas U. Barton and Joseph U. Barton are the shareholders of White Rock, Inc. Page 11 of 23 Pages Item 2(b) Address of Principal Business Office or, if None, Residence: The address of the principal business office of each of SFM LLC, Mr. Soros and Mr. Druckenmiller is 888 Seventh Avenue, 33rd Floor, New York, NY 10106. The address and principal business office of each of White Rock Partners, White Rock Management, White Rock, Inc., Thomas U. Barton and Joseph U. Barton is 3131 Turtle Creek Boulevard, Suite 800, Dallas, Texas 75219. Item 2(c) Citizenship: i) SFM LLC is a Delaware limited liability company; ii) Mr. Soros is a United States citizen; iii) Mr. Druckenmiller is a United States citizen; iv) White Rock Partners is a Texas limited partnership; v) White Rock Management is a Texas limited partnership; vi) White Rock, Inc. is a Texas corporation; vii) Thomas U. Barton is a United States citizen; and viii) Joseph U. Barton is a United States citizen. Item 2(d) Title of Class of Securities: Common Stock, $0.001 par value (the "Shares"). Item 2(e) CUSIP Number: 449536101 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: This Item 3 is not applicable. Item 4. Ownership: Item 4(a) Amount Beneficially Owned: As of June 15, 1998, each of the Reporting Persons may be deemed the beneficial owner of the following number of Shares: Page 12 of 23 Pages (i) As a consequence of SFM LLC's ability to terminate the Quantum Partners-White Rock Contract with respect to all investments, including those involving the Shares, and acquire voting and dispositive power over the Shares within 60 days, notwithstanding the fact that none of SFM LLC, Mr. Soros and Mr. Druckenmiller currently exercises such power, SFM LLC, Mr. Soros and Mr. Druckenmiller may be deemed the beneficial owners of 792,583 Shares. This number assumes the conversion of 2,500 shares of Series B Convertible Preferred Stock (the "Series B Stock") (which are convertible within 60 days) into 179,083 Shares. (ii) Each of White Rock, Inc. and White Rock Management may be deemed the beneficial owner of 1,592,349 Shares. This number consists of (1) 792,583 Shares held for the account of Quantum Partners, (2) 618,633 Shares held for the accounts of the White Rock Clients, other than Quantum Partners (assumes the conversion of 1,000 shares of Series B Stock into 71,633 Shares), (3) 166,133 Shares held for the account of White Rock Partners (assumes the conversion of 1,000 shares of Series B Stock into 71,633 Shares) and (4) 25,000 Shares held for the account of White Rock Management. (iii)Thomas U. Barton may be deemed the beneficial owner of 1,599,049 Shares. This number consists of (1) 792,583 Shares held for the account of Quantum Partners, (2) 618,633 Shares held for the accounts of the White Rock Clients, other than Quantum Partners, (3) 166,133 Shares held for the account of White Rock Partners, (4) 25,000 Shares held for the account of White Rock Management and (5) 6,700 Shares issuable upon exercise by Thomas U. Barton of the options currently held for his account. (iv) Joseph U. Barton may be deemed the beneficial owner of 1,597,349 Shares. This number consists of (1) 792,583 Shares held for the account of Quantum Partners, (2) 618,633 Shares held for the accounts of the White Rock Clients, other than Quantum Partners, (3) 166,133 Shares held for the account of White Rock Partners, (4) 25,000 Shares held for the account of White Rock Management and (5) 5,000 Shares held for his account. (v) White Rock Partners may be deemed the beneficial owner of the 166,133 Shares held for its account. Item 4(b) Percent of Class: (i) The number of Shares of which each of SFM LLC, Mr. Soros and Mr. Druckenmiller may be deemed to be the beneficial owner constitutes approximately 5.16% of the total number of Shares which would be outstanding assuming conversion of all of the Series B Stock held for the account of Quantum Partners. (ii) The number of Shares of which each of White Rock, Inc. and White Rock Management may be deemed to be the beneficial owner constitutes approximately 10.34% of the total number of Shares which would be outstanding assuming conversion of all of the Series B Stock held for the accounts of the White Rock Clients, including Quantum Partners, and White Rock Partners. (iii)The number of Shares of which Thomas U. Barton may be deemed to be the beneficial owner constitutes approximately 10.38% of the total number of Shares which would be outstanding assuming the exercise of the options held for his account and conversion of all of the Series B Stock held for the accounts of the White Rock Clients, including Quantum Partners, and White Rock Partners. (iv) The number of Shares of which Joseph U. Barton may be deemed to be the beneficial owner constitutes approximately 10.37% of the total number of Shares which would be outstanding assuming conversion of all of the Series B Stock held for the accounts of the White Rock Clients, including Quantum Partners, and White Rock Partners. (v) The number of Shares of which White Rock Partners may be deemed to be the beneficial owner constitutes approximately 1.09% of the total number of Shares outstanding. Page 13 of 23 Pages Item 4(c) Number of shares as to which such person has: SFM LLC/1/ ---------- (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 0 Mr. Soros/1/ ------------ (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 0 Mr. Druckenmiller/1/ -------------------- (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 0 White Rock Partners ------------------- (i) Sole power to vote or to direct the vote: 166,133 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 166,133 (iv) Shared power to dispose or to direct the disposition of: 0 - ---------------------- /1/ See Item 4(a) Page 14 of 23 Pages White Rock Management --------------------- (i) Sole power to vote or to direct the vote: 25,000 (ii) Shared power to vote or to direct the vote: 1,577,349 (iii) Sole power to dispose or to direct the disposition of: 25,000 (iv) Shared power to dispose or to direct the disposition of:1,577,349 White Rock, Inc. ---------------- (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 1,602,349 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of:1,602,349 Thomas U. Barton ---------------- (i) Sole power to vote or to direct the vote: 6,700 (ii) Shared power to vote or to direct the vote: 1,602,349 (iii) Sole power to dispose or to direct the disposition of: 6,700 (iv) Shared power to dispose or to direct the disposition of:1,602,349 Joseph U. Barton ---------------- (i) Sole power to vote or to direct the vote: 5,000 (ii) Shared power to vote or to direct the vote: 1,602,349 (iii) Sole power to dispose or to direct the disposition of: 5,000 (iv) Shared power to dispose or to direct the disposition of:1,602,349 Item 5. Ownership of Five Percent or Less of a Class: This Item 5 is not applicable. Page 15 of 23 Pages Item 6. Ownership of More than Five Percent on Behalf of Another Person: (i) The shareholders of Quantum Partners, including Quantum Fund N.V., a Netherlands Antilles Corporation, have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares, held for the account of Quantum Partners in accordance with their ownership interests in Quantum Partners. (ii) The shareholders or partners of each of the White Rock Clients (other than Quantum Partners) have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares, held by the respective White Rock Client in accordance with their partnership or ownership interests in the respective White Rock Client. (iii) Thomas U. Barton has the sole right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares issuable upon exercise by Thomas U. Barton of the options currently held for his account. (iv) Joseph U. Barton has the sole right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares held for his account. (v) The partners of White Rock Management have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares held by White Rock Management in accordance with their partnership interests in White Rock Management. (vi) The partners of White Rock Partners have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares held by White Rock Partners in accordance with their partnership interests in White Rock Partners. Each of SFM LLC, Mr. Soros and Mr. Druckenmiller expressly disclaims beneficial ownership of any Shares held directly for the accounts of White Rock Clients (other than Quantum Partners), White Rock Partners, White Rock Management, Joseph U. Barton and Thomas U. Barton. White Rock Partners expressly disclaims beneficial ownership of any Shares held for the accounts of the White Rock Clients, White Rock Management Joseph U. Barton and Thomas U. Barton. Each of White Rock Partners, White Rock Management, White Rock, Inc. and Thomas U. Barton expressly disclaims beneficial ownership of any Shares held for the account of Joseph U. Barton. Each of White Rock Partners, White Rock Management, White Rock, Inc. and Joseph U. Barton expressly disclaims beneficial ownership of any Shares held for the account of Thomas U. Barton. Information contained herein concerning SFM LLC, Mr. Soros, Mr. Druckenmiller and Quantum Partners has been provided by SFM LLC. White Rock Partners, White Rock Management, White Rock, Inc., Thomas U. Barton and Joseph U. Barton assume no responsibility for such information. Information contained herein concerning White Rock Partners, White Rock Management, White Rock, Inc., Thomas U. Barton and Joseph U. Barton has been provided by White Rock Management. SFM LLC, Mr. Soros and Mr. Druckenmiller assume no responsibility for such information. Page 16 of 23 Pages Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: This Item 7 is not applicable. Item 8. Identification and Classification of Members of the Group: This Item 8 is not applicable. Item 9. Notice of Dissolution of Group: This Item 9 is not applicable. Item 10. Certification: By signing below each signatory certifies that, to the best of his/its 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. Page 17 of 23 Pages SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: June 15, 1998 SOROS FUND MANAGEMENT LLC By: /S/ MICHAEL C. NEUS ---------------------------------- Michael C. Neus Assistant General Counsel Date: June 15, 1998 GEORGE SOROS By: /S/ MICHAEL C. NEUS ---------------------------------- Michael C. Neus Attorney-in-Fact Date: June 15, 1998 STANLEY F. DRUCKENMILLER By: /S/ MICHAEL C. NEUS ---------------------------------- Michael C. Neus Attorney-in-Fact Date: June 15, 1998 WHITE ROCK CAPITAL PARTNERS, L.P. By: White Rock Capital Management, L.P. Its General Partner By: White Rock Capital, Inc. Its General Partner By: /S/ THOMAS U. BARTON ------------------------ Thomas U. Barton President Page 18 of 23 Pages Date: June 15, 1998 WHITE ROCK CAPITAL MANAGEMENT. L.P. By: White Rock Capital Inc. Its General Partner By: /S/ THOMAS U. BARTON ----------------------------- Thomas U. Barton President Date: June 15, 1998 WHITE ROCK CAPITAL, INC. By: /S/ THOMAS U. BARTON ---------------------------------- Thomas U. Barton President Date: June 15, 1998 /S/ THOMAS U. BARTON --------------------------------------- Thomas U. Barton Date: June 15, 1998 /S/ JOSEPH U. BARTON --------------------------------------- Joseph U. Barton Page 19 of 23 Pages EXHIBIT INDEX Page No. -------- A. Power of Attorney dated as of January 1, 1997 granted by Mr. George Soros in favor of Mr. Sean C. Warren and Mr. Michael C. Neus.................................... 20 B. Power of Attorney dated as of January 1, 1997 granted by Mr. Stanley F. Druckenmiller in favor of Mr. Sean C. Warren and Mr. Michael C. Neus......................... 21 C. Joint Filing Agreement dated June 15, 1998 by and among Soros Fund Management LLC, Mr. George Soros, Mr. Stanley F. Druckenmiller, White Rock Capital Partners, L.P., White Rock Capital Management, L.P., White Rock Capital, Inc., Thomas U. Barton and Joseph U. Barton................................................. 22 EX-99.A 2 EXHIBIT A - POWER OF ATTORNEY Page 20 of 23 Pages EXHIBIT A POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS, that I, GEORGE SOROS, hereby make, constitute and appoint each of SEAN C. WARREN and MICHAEL C. NEUS, acting individually, as my agent and attorney-in-fact for the purpose of executing in my name, (a) in my personal capacity or (b) in my capacity as Chairman of, member of or in other capacities with Soros Fund Management LLC, all documents, certificates, instruments, statements, filings and agreements ("documents") to be filed with or delivered to any foreign or domestic governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to the acquisition, ownership, management or disposition of securities or other investments, and any other documents relating or ancillary thereto, including but not limited to, all documents relating to filings with the United States Securities and Exchange Commission (the "SEC") pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934 (the "Act") and the rules and regulations promulgated thereunder, including: (1) all documents relating to the beneficial ownership of securities required to be filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act including, without limitation: (a) any acquisition statements on Schedule 13D or Schedule 13G and any amendments thereto, (b) any joint filing agreements pursuant to Rule 13d-1(f) and (c) any initial statements of, or statements of changes in, beneficial ownership of securities on Form 3, Form 4 or Form 5 and (2) any information statements on Form 13F required to be filed with the SEC pursuant to Section 13(f) of the Act. All past acts of the attorney-in-fact in furtherance of the foregoing are hereby ratified and confirmed. This power of attorney shall be valid from the date hereof until revoked by me. IN WITNESS WHEREOF, I have executed this instrument as of the 1st day of January, 1997. /s/ George Soros ------------------------- GEORGE SOROS EX-99.B 3 EXHIBIT B - POWER OF ATTORNEY Page 21 of 23 Pages EXHIBIT B POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS, that I, STANLEY F. DRUCKENMILLER, hereby make, constitute and appoint each of SEAN C. WARREN and MICHAEL C. NEUS, acting individually, as my agent and attorney-in-fact for the purpose of executing in my name, (a) in my personal capacity or (b) in my capacity as Lead Portfolio Manager of, member of or in other capacities with Soros Fund Management LLC, all documents, certificates, instruments, statements, filings and agreements ("documents") to be filed with or delivered to any foreign or domestic governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to the acquisition, ownership, management or disposition of securities or other investments, and any other documents relating or ancillary thereto, including but not limited to, all documents relating to filings with the United States Securities and Exchange Commission (the "SEC") pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934 (the "Act") and the rules and regulations promulgated thereunder, including: (1) all documents relating to the beneficial ownership of securities required to be filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act including, without limitation: (a) any acquisition statements on Schedule 13D or Schedule 13G and any amendments thereto, (b) any joint filing agreements pursuant to Rule 13d-1(f) and (c) any initial statements of, or statements of changes in, beneficial ownership of securities on Form 3, Form 4 or Form 5 and (2) any information statements on Form 13F required to be filed with the SEC pursuant to Section 13(f) of the Act. All past acts of the attorney-in-fact in furtherance of the foregoing are hereby ratified and confirmed. This power of attorney shall be valid from the date hereof until revoked by me. IN WITNESS WHEREOF, I have executed this instrument as of the 1st day of January, 1997. /s/ Stanley F. Druckenmiller ---------------------------- STANLEY F. DRUCKENMILLER EX-99.C 4 EXHIBIT C - JOINT FILING AGREEMENT Page 22 of 23 Pages EXHIBIT C JOINT FILING AGREEMENT The undersigned hereby agree that the statement on Schedule 13G with respect to the Common Stock of Igen International, Inc. dated as of June 15, 1998 is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(f) under the Securities Exchange Act of 1934. Date: June 15, 1998 SOROS FUND MANAGEMENT LLC By: /S/ MICHAEL C. NEUS ---------------------------------- Michael C. Neus Assistant General Counsel Date: June 15, 1998 GEORGE SOROS By: /S/ MICHAEL C. NEUS ---------------------------------- Michael C. Neus Attorney-in-Fact Date: June 15, 1998 STANLEY F. DRUCKENMILLER By: /S/ MICHAEL C. NEUS ---------------------------------- Michael C. Neus Attorney-in-Fact Date: June 15, 1998 WHITE ROCK CAPITAL PARTNERS, L.P. By: White Rock Capital Management, L.P. Its General Partner By: White Rock Capital, Inc. Its General Partner By: /S/ THOMAS U. BARTON ------------------------ Thomas U. Barton President Page 23 of 23 Pages Date: June 15, 1998 WHITE ROCK CAPITAL MANAGEMENT. L.P. By: White Rock Capital Inc. Its General Partner By: /S/ THOMAS U. BARTON ----------------------------- Thomas U. Barton President Date: June 15, 1998 WHITE ROCK CAPITAL, INC. By: /S/ THOMAS U. BARTON ---------------------------------- Thomas U. Barton President Date: June 15, 1998 /S/ THOMAS U. BARTON --------------------------------------- Thomas U. Barton Date: June 15, 1998 /S/ JOSEPH U. BARTON --------------------------------------- Joseph U. Barton -----END PRIVACY-ENHANCED MESSAGE-----