0001839882-21-002058.txt : 20210212 0001839882-21-002058.hdr.sgml : 20210212 20210212161458 ACCESSION NUMBER: 0001839882-21-002058 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210212 DATE AS OF CHANGE: 20210212 GROUP MEMBERS: CONTRARIUS INVESTMENT MANAGEMENT (BERMUDA) LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DIAMOND OFFSHORE DRILLING, INC. CENTRAL INDEX KEY: 0000949039 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 760321760 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45781 FILM NUMBER: 21627514 BUSINESS ADDRESS: STREET 1: 15415 KATY FREEWAY STREET 2: SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77094 BUSINESS PHONE: 281-492-5300 MAIL ADDRESS: STREET 1: 15415 KATY FREEWAY STREET 2: SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77094 FORMER COMPANY: FORMER CONFORMED NAME: DIAMOND OFFSHORE DRILLING INC DATE OF NAME CHANGE: 19950807 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Contrarius Investment Management Ltd CENTRAL INDEX KEY: 0001483738 IRS NUMBER: 000000000 STATE OF INCORPORATION: Y9 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 2 BOND STREET CITY: ST. HELIER STATE: Y9 ZIP: JE2 3NP BUSINESS PHONE: 44 1534 823 136 MAIL ADDRESS: STREET 1: 2 BOND STREET CITY: ST. HELIER STATE: Y9 ZIP: JE2 3NP SC 13G/A 1 dofs-sc13g_123120.htm AMENDMENT TO SCHEDULE 13G

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
§240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO
§240.13d-2.

DIAMOND OFFSHORE DRILLING, INC.

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

25271C102

(CUSIP Number)

December 31, 2020

(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)

☐ Rule 13d-1(c)

☐ Rule 13d-1(d)

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 (as amended, the “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).

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CUSIP No. 25271C102

13G/A

Page 2 of 7 pages

NAMES OF REPORTING PERSONS

CONTRARIUS INVESTMENT MANAGEMENT LIMITED

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a) ☒

(b) ☐

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Jersey, Channel Islands

NUMBERS OF

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH:

SOLE VOTING POWER 0

SHARED VOTING POWER 13,255,994

SOLE DISPOSITIVE POWER 0

SHARED DISPOSITIVE POWER 13,255,994

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

13,255,994

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

☐

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

9.6%

TYPE OF REPORTING PERSON (See Instructions)

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CUSIP No. 25271C102

13G/A

Page 3 of 7 pages

NAMES OF REPORTING PERSONS

CONTRARIUS INVESTMENT MANAGEMENT (BERMUDA) LIMITED

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a) ☒

(b) ☐

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Bermuda

NUMBERS OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

SOLE VOTING POWER 0

SHARED VOTING POWER 13,255,994

SOLE DISPOSITIVE POWER 0

SHARED DISPOSITIVE POWER 13,255,994

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

13,255,994

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

☐

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

9.6%

TYPE OF REPORTING PERSON (See Instructions)

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SCHEDULE 13G

Explanatory Note:

This Amendment No. 1 (this “Amendment”) amends, in its entirety, the statement on Schedule 13G originally filed on 6 February 2020 by Contrarius Investment Management Limited and Contrarius Investment Management (Bermuda) Limited (collectively, the “Reporting Persons”) (the “Schedule 13G”). The Common Stock of Diamond Offshore Drilling, Inc. is no longer listed and therefore this Amendment is the final amendment to the Schedule 13G and constitutes an exit filing for the Reporting Persons.

Item 1(a). Name of Issuer:

Diamond Offshore Drilling, Inc.

Item 1(b). Address of Issuer’s Principal Executive Offices:

15415 Katy Freeway, Houston, Texas 77094

Item 2(a). Name of Person Filing:

Contrarius Investment Management Limited

Contrarius Investment Management (Bermuda) Limited

Item 2(b). Address of Principal Business Office or, if None, Residence:

Contrarius Investment Management Limited - 2 Bond Street, St. Helier, Jersey JE2 3NP, Channel Islands

Contrarius Investment Management (Bermuda) Limited – Waterloo House, 100 Pitts Bay Road, Pembroke HM 08 Bermuda

Item 2(c). Citizenship:

Contrarius Investment Management Limited is a company organized under the laws of Jersey, Channel Islands.

Contrarius Investment Management (Bermuda) Limited is a company organized under the laws of Bermuda.

Item 2(d). Title of Class of Securities:

Common Stock

Item 2(e). CUSIP Number:

25271C102

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Item 3. If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

☐

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

☐

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

☐

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)

☐

Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)

☐

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).

(f)

☐

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

(g)

☐

A parent holding company or control person in accordance with § 240.13d– 1(b)(1)(ii)(G).

(h)

☐

A savings association as defined in Section 3 (b) of the Federal Deposit Insurance Act (12 U.S. C. 1813).

(i)

☐

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S. C. 80a-3).

(j)

☒

A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J).

(k)

☒

Group, in accordance with §240.13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: Equivalent to IA.

Item 4. Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)

Amount beneficially owned: 13,255,994

(b)

Percent of class: 9.6%

(c)

Number of shares as to which such person has:

(i)

Sole power to vote or to direct the vote: 0

(ii)

Shared power to vote or to direct the vote: 13,255,994

(iii)

Sole power to dispose or to direct the disposition of: 0

(iv)

Shared power to dispose or to direct the disposition of: 13,255,994

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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 5 percent of the class of securities, check the following ☐.

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

Other persons have the right to receive and the power to direct the receipt of dividends from, or the proceeds from the sale of the 13,255,994 shares of common stock of Diamond Offshore Drilling, Inc. beneficially owned by Contrarius Investment Management Limited and Contrarius Investment Management (Bermuda) Limited.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

N/A

Item 8. Identification and Classification of Members of the Group.

Contrarius Investment Management Limited and Contrarius Investment Management (Bermuda) Limited are together making this filing because they may be deemed to constitute a “group” for the purposes of section 13(d)(3) of the Act.

Item 9. Notice of Dissolution of Group.

N/A

Item 10. Certifications.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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, other than activities solely in connection with a nomination under § 240.14a-11.

By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Contrarius Investment Management Limited and Contrarius Investment Management (Bermuda) Limited is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

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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.


	12 February 2021

	CONTRARIUS INVESTMENT MANAGEMENT LIMITED

	By:	/s/ Thomas Daniel Perkins
	Name: Thomas Daniel Perkins
	Title: Director

	12 February 2021

	CONTRARIUS INVESTMENT MANAGEMENT (BERMUDA) LIMITED

	By:	/s/ Michal Nosek
	Name: Michal Nosek
	Title: Director

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