UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Information to be Included in Statements Filed Pursuant
to Rules 13d-1(a) and Amendments thereto Filed
Pursuant to Rule 13d-2(a)
(Amendment No. 1)*
MERCURY AIR GROUP, INC.
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(Name of issuer)
Common Stock, par value $0.01 per share
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(Title of class of securities)
589354109
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(CUSIP number)
COPY TO:
Matthew J. Day, Esq.
118 E. 25th Street, Eighth Floor
New York, New York 10010
(212) 673-0484
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 4, 2002
-------------------------------------------------------------
(Dates of Events which Require Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that 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 |_|.
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.
(Continued on following pages)
(Page 1 of 22 Pages)
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*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 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. 589354109 Page 2 of 22
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SCHEDULE 13D
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Acquisitor Holdings (Bermuda) Ltd.
No IRS Identification Number
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e) |_|
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
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7. SOLE VOTING POWER
NUMBER OF 157,400
SHARES ----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH ----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 157,400
WITH ----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
157,400
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES |X|
CERTAIN SHARES*
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.4%
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14. TYPE OF REPORTING PERSON *
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
-2-
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CUSIP No. 589354109 Page 3 of 22
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SCHEDULE 13D
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
J O Hambro Capital Management Group Limited
No IRS Identification Number
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e) |_|
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
England
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7. SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 415,000
EACH ----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------------------
10. SHARED DISPOSITIVE POWER
415,000
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
415,000
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES |X|
CERTAIN SHARES*
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.4%
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14. TYPE OF REPORTING PERSON *
HC
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
-3-
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CUSIP No. 589354109 Page 4 of 22
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SCHEDULE 13D
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
J O Hambro Capital Management Limited
No IRS Identification Number
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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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) |_|
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
England
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 415,000
EACH ----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------------------
10. SHARED DISPOSITIVE POWER
415,000
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
415,000
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES |X|
CERTAIN SHARES*
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.4%
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14. TYPE OF REPORTING PERSON *
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
-4-
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CUSIP No. 589354109 Page 5 of 22
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SCHEDULE 13D
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Christopher Harwood Bernard Mills
No IRS Identification Number
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3. SEC USE ONLY
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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
England
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7. SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 572,400
EACH ----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------------------
10. SHARED DISPOSITIVE POWER
572,400
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
572,400
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES |_|
CERTAIN SHARES*
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.9%
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14. TYPE OF REPORTING PERSON *
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
-5-
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CUSIP No. 589354109 Page 6 of 22
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SCHEDULE 13D
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
American Opportunity Trust plc
No IRS Identification Number
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e) |_|
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
England
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7. SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 415,000
EACH ----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------------------
10. SHARED DISPOSITIVE POWER
415,000
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
415,000
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES |X|
CERTAIN SHARES*
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.4%
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14. TYPE OF REPORTING PERSON *
IV
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
-6-
AMENDMENT NO. 1 TO
STATEMENT ON SCHEDULE 13D
This Amendment No. 1 to Statement on Schedule 13D (the "Amendment") is
filed on behalf of the Filing Parties (defined below). This Amendment amends the
initial Statement on Schedule 13D filed by the Filing Parties with the
Securities and Exchange Commission (the "SEC") on December 2, 2002.
Item 1. Security and Issuer.
The class of equity securities to which this Amendment relates is the
common stock, par value $0.01 per share (the "Common Stock") of Mercury Air
Group, Inc., a New York corporation (the "Company"). The principal executive
offices of the Company are located at 5456 McConnell Avenue, Los Angeles, CA
90066.
Item 2. Identity and Background.
2 (a-c,f).
I. Filing Parties:
This Amendment is filed on behalf of the following five persons, who
are collectively referred to as the "Filing Parties":
1. Acquisitor Holdings (Bermuda) Ltd., a company incorporated in Bermuda
("Acquisitor"), with a business address of Clarendon House, 2 Church
Street, Hamilton HM 11, Bermuda. Acquisitor was formed in 2002 and
endeavors to achieve a high rate of capital growth for its shareholders
by acquiring significant holdings in companies which the members of its
Board of Directors consider to be fundamentally sound but which are
valued at a discount to the Directors' estimate of their private market
value. Acquisitor is managed by its Board of Directors.
2. J O Hambro Capital Management Group Limited ("J O Hambro Group") is a
corporation organized under the laws of England with its principal
office and business at Ryder Court, 14 Ryder Street, London SW1Y 6QB
England. J O Hambro Group functions as the ultimate holding company for
J O Hambro Capital Management Limited.
3. J O Hambro Capital Management Limited ("J O Hambro Capital Management")
is a corporation organized under the laws of England with its principal
office and business at Ryder Court, 14 Ryder Street, London SW1Y 6QB
England. J O Hambro Capital Management is principally engaged in the
business of investment management and advising. It serves as
co-investment adviser to North Atlantic Smaller Companies Investment
Trust plc ("NASCIT") and American Opportunity Trust plc ("American
Opportunity Trust") and as investment adviser to Oryx International
Growth Fund Limited ("Oryx"), The Trident North Atlantic Fund ("Trident
North Atlantic") and The Trident European Fund ("Trident European"), as
well as to private clients.
Page 7 of 22
4. Christopher Harwood Bernard Mills is a British citizen whose business
address is Ryder Court, 14 Ryder Street, London SW1Y 6QB England. His
principal employment includes service as executive director of NASCIT
and American Opportunity Trust, as a director of J O Hambro Group, J O
Hambro Capital Management, Trident North Atlantic, Oryx, Acquisitor plc
and Acquisitor, and as co-investment adviser to NASCIT and American
Opportunity Trust.
5. American Opportunity Trust is a corporation organized under the laws of
England with its principal office and business at Ryder Court, 14 Ryder
Street, London SW1Y 6QB England. American Opportunity Trust is a
publicly-held investment trust company. Christopher Harwood Bernard
Mills and J O Hambro Capital Management serve as co-investment advisers
to American Opportunity Trust.
II. Control Relationships:
J O Hambro Capital Management is a wholly-owned subsidiary of J O
Hambro Group.
Christopher Harwood Bernard Mills serves as a director of J O Hambro
Group, J O Hambro Capital Management and Acquisitor, and as executive director
of American Opportunity Trust.
III. Executive Officers and Directors:
In accordance with the provisions of General Instruction C to Schedule
13D, information concerning the executive officers and directors of the Filing
Parties is included in Schedule A hereto and is incorporated by reference
herein.
(d) Criminal Proceedings
During the last five years, neither the Filing Parties (or a
controlling entity thereof) nor any executive officer or director of any of the
Filing Parties (or a controlling entity thereof) has been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) Civil Securities Law Proceedings
During the last five years, neither the Filing Parties (or a
controlling entity thereof) nor any executive officer or director of any of the
Filing Parties (or a controlling entity thereof) 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.
Page 8 of 22
The aggregate purchase price of the 157,400 shares of Common Stock
beneficially held by Acquisitor is $485,468 (exclusive of brokerage fees and
commissions). All of the shares of Common Stock beneficially owned by Acquisitor
were paid for using its working capital funds.
The aggregate purchase price of the 415,000 shares of Common Stock
beneficially held by American Opportunity Trust is $1,335,767 (exclusive of
brokerage fees and commissions). All of the shares of Common Stock beneficially
held by American Opportunity Trust were paid for using its working capital
funds.
Item 4. Purpose of Transaction.
The Filing Parties presently have no plans or proposals which would relate to or
result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of
Schedule 13D except as set forth herein. Following a review of a shareholder
derivative action filed against the officers of the Company on December 2, 2002,
the Filing Parties believe that the current corporate governance of the Company
relating to its officers falls well short of acceptable practice. Consequently,
the Filing Parties now intend to consider means by which some or all of the
directors may be removed from the Board.
In addition, the Filing Parties believe it is in the interest of all
shareholders if either the current Board or a new Board immediately appoint an
independent firm of investment bankers to find ways to maximize shareholder
value.
Item 5. Interest in Securities of the Issuer.
(a)-(b) The aggregate number and percentage of the outstanding Common
Stock of the Company beneficially owned (i) by each of the Filing Parties, and
(ii) to the knowledge of the Filing Parties, by each other person who may be
deemed to be a member of the group, is as follows:
Page 9 of 22
Number of Number of
Number of Shares: Shares: Sole or
Aggregate Number Shares: Sole Shared Power Shared Power to Approximate
Filing Party of Shares Power to Vote to Vote Dispose Percentage*
------------------------------------------------------------------------------------------------------------------------------
Acquisitor 157,400 157,400 0 157,400 2.4%
J O Hambro Group 415,000 0 415,000 415,000 6.4%
J O Hambro Capital Management 415,000 0 415,000 415,000 6.4%
Christopher H. B. Mills 572,400 0 572,400 572,400 8.9%
American Opportunity Trust 415,000 0 415,000 415,000 6.4%
------------------------------------------------------------------------------------------------------------------------------
* Based on 6,439,999 shares of Common Stock, par value $0.01 per share,
outstanding as of November 12, 2002, which is based on information reported in
the Company's 10-Q, for the period ended September 30, 2002.
(c) In the time since the Statement on Schedule 13D was filed by the
Filing Parties on December 2, 2002, the Filing Parties effected no transactions
in the Common Stock other than those set forth in the following table:
Filing Party Date No. of Shares Price (US$) Broker
American Opportunity Trust 12/04/2002 100,000 2.9961 Wachovia
All of the above transactions were effected on the open market and were
purchases.
(d) No person other than the Filing Parties 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, such shares of Common Stock.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
As co-investment advisers to American Opportunity Trust, Christopher
Harwood Bernard Mills and J O Hambro Capital Management share the right to
transfer and vote the shares of the Common Stock of the Company pursuant to an
agreement dated as of January 7, 1993 between American Opportunity Trust and J O
Hambro Capital Management.
Item 7. Material to be Filed as Exhibits.
Previously Filed.
Page 10 of 22
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.
Dated: December 5, 2002
J O HAMBRO CAPITAL MANAGEMENT LIMITED
By: /S/ Christopher H. B. Mills
----------------------------------
Name: Christopher H. B. Mills
Title: Director
Executed on behalf of the Filing
Parties pursuant to the Joint Filing
Agreement, as previously filed.
Page 11 of 22
Schedule A
Information Concerning Directors and Executive Officers of the Filing Parties
The following table sets forth certain information concerning each of the
directors and executive officers of Acquisitor Holdings (Bermuda) Ltd.
("Acquisitor") as of the date hereof.
Name: Duncan Soukup
(Deputy Chairman)
Citizenship: British
Business Address: 118 E. 25th Street, 8th Floor
New York, New York 10010
USA
Principal Occupation: Deputy Chairman, Acquisitor
Managing Director, Acquisitor plc
President and Chief Executive Officer, Lionheart Group, Inc.
Managing Director, York Energy Ltd.
Name: Luke Oliver Johnson
(Director)
Citizenship: British
Business Address: Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
Principal Occupation: Director, Acquisitor
Director, Acquisitor plc
Chairman, Signature Restaurants plc
Name: John Stanislas Albert Radziwill
(Chairman)
Citizenship: British
Business Address: Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
Principal Occupation: Chairman, Acquisitor
Chairman, Acquisitor plc
Chairman and Chief Executive Officer, York Energy Ltd.
Director, Goldcrown Group Limited
Page 12 of 22
Name: James Ozanne
(Non-Executive Director)
Citizenship: USA
Business Address: Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
Principal Occupation: Non-Executive Director, Acquisitor
Principal, Greenrange Partners
Director and Chairman of the Underwriting Committee, Financial
Security Assurance
Name: Christopher Harwood Bernard Mills
(Non-Executive Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Non-Executive Director, Acquisitor
Non-Executive Director, Acquisitor plc
Executive Director, NASCIT
Executive Director, American Opportunity Trust
Director, J O Hambro Capital Management
Name: Peter Melhado
(Non-Executive Director)
Citizenship: USA
Business Address: Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
Principal Occupation: Non-Executive Director, Acquisitor
General Partner, Polaris Partners, L.P.
Page 13 of 22
Name: Timothy James Carey Lovell
(Non-Executive Director and Assistant Secretary)
Citizenship: British
Business Address: Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
Principal Occupation: Non-Executive Director and Assistant Secretary, Acquisitor
Page 14 of 22
The following table sets forth certain information concerning each of the
directors and executive officers of J O Hambro Capital Management Group Limited
("J O Hambro Group") as of the date hereof.
Name: James Daryl Hambro
(Chairman)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Chairman, J O Hambro Capital Management
Name: Christopher Harwood Bernard Mills
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Non-Executive Director, Acquisitor
Non-Executive Director, Acquisitor plc
Executive Director, NASCIT
Executive Director, American Opportunity Trust
Director, J O Hambro Capital Management
Name: Nichola Pease
(Director and Chief Executive)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director and Chief Executive, J O Hambro Capital Management
Page 15 of 22
Name: Basil Postan
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Name: Malcolm Robert King
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Name: Graham Warner
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Name: Robert George Barrett
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Page 16 of 22
Name: Nicholas James Measham
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Name: Willem Vinke
(Director)
Citizenship: Dutch
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Page 17 of 22
The following table sets forth certain information concerning each of the
directors and executive officers of J O Hambro Capital Management Limited ("J O
Hambro Capital Management") as of the date hereof.
Name: James Daryl Hambro
(Managing Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Managing Director, J O Hambro Capital Management
Name: Christopher Harwood Bernard Mills
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Non-Executive Director, Acquisitor
Non-Executive Director, Acquisitor plc
Executive Director, NASCIT
Executive Director, American Opportunity Trust
Director, J O Hambro Capital Management
Name: Malcolm Robert King
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Page 18 of 22
Name: Nichola Pease
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director and Chief Executive, J O Hambro Capital
Management
Name: Basil Postan
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Name: Robert George Barrett
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Name: Nicholas James Measham
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Page 19 of 22
Name: Willem Vinke
(Director)
Citizenship: Dutch
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Page 20 of 22
The following table sets forth certain information concerning each of the
directors and executive officers of American Opportunity Trust plc ("American
Opportunity Trust") as of the date hereof.
Name: R. Alexander Hammond-Chambers
(Chairman)
Citizenship: British
Business Address: 29 Rutland Square
Edinburgh EH1 2BW
Scotland
Principal Occupation: Non-Executive Director, American Opportunity Trust
Name: Christopher Harwood Bernard Mills
(Executive Director)
Citizenship: British
Business Address: Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Non-Executive Director, Acquisitor
Non-Executive Director, Acquisitor plc
Executive Director, American Opportunity Trust
Executive Director, NASCIT
Director, J O Hambro Capital Management
Name: John Gildea
(Director)
Citizenship: USA
Business Address: Gildea Management Company1
537 Steamboat Road
Greenwich, Connecticut 06830
Principal Occupation: Managing Director, Gildea Management Company
--------------------
1 Gildea Management Company is principally engaged in the investment
management business.
Page 21 of 22
Name: The Hon. James J. Nelson
(Director)
Citizenship: British
Business Address: Foreign & Colonial Ventures2
4th Floor
Berkeley Square House
Berkeley Square
London W1X 5PA
England
Principal Occupation: Director, Foreign & Colonial Ventures
Name: Iain Tulloch
(Director)
Citizenship: British
Business Address: Murray Johnstone Ltd.3
7 West Nile Street
Glasgow G2 2PX
Scotland
Principal Occupation: Director, Murray Johnstone Ltd.
Name: Philip Ehrman
(Director)
Citizenship: British
Business Address: Gartmore Investment Management Ltd.4
Gartmore House
16-18 Monument Street
London EC3R 8AJ
England
Principal Occupation: Investment Manager, Gartmore Investment Management Ltd.
--------------------
2 Foreign & Colonial Ventures is principally engaged in the investment
management business.
3 Murray Johnstone Ltd. is principally engaged in the investment management
business.
4 Gartmore Investment Management Limited is principally engaged in the
investment management business.
Page 22 of 22