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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 1)
The Asia Pacifc Fund, Inc
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
044901106
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(CUSIP Number)
Clayton Gillece
c/o City of London Investment Management Company Limited
10 Eastcheap, London EC3M ILX, England
+44 207 711 0771
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 8, 2002
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(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 Rule 13d-1(e), (f) or (g), check the following box [_].
* 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.
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(Continued on following pages)
(Page 1 of 6 Pages)
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CUSIP NO. 044901106 13D PAGE 2 of 6
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
City of London Investment Group PLC, a company incorporated under
the laws of England and Wales.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) |_|
(B) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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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 and Wales
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NUMBER OF 7 SOLE VOTING POWER
SHARES 155,046
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 155,046
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
155,046
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5%
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14 TYPE OF REPORTING PERSON*
HC
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CUSIP NO. 044901106 13D PAGE 3 of 6
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
City of London Investment Management Company Limited, a company
incorporated under the laws of England and Wales.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) |_|
(B) |_|
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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
England and Wales
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NUMBER OF 7 SOLE VOTING POWER
SHARES 155,046
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 155,046
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
155,046
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5%
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14 TYPE OF REPORTING PERSON*
IA
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CUSIP NO. 044901106 13D PAGE 4 of 6
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This Amendment No. 1 to Schedule 13D (this "Amendment No. 1") should be read in
conjunction with the Schedule 13D filed with the Securities and Exchange
Commission (the "SEC") on February 21, 2002 (the "Original Schedule 13D") by
City of London Investment Group PLC and City of London Investment Management
Company Limited relating to the shares of common stock, par value $.01 per share
(the "Shares"), of The Asia Pacific Fund, Inc., a Maryland corporation (the
"Fund"). This Amendment No. 1 amends and restates Items 4 and 5 of the Original
Schedule 13D in their entirety. All other information in the Original Schedule
13D remains in effect. All capitalized terms used herein and not otherwise
defined shall have the meanings ascribed thereto in the Original Schedule 13D.
ITEM 4 PURPOSE OF TRANSACTION.
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The Reporting Persons have owned Shares of the Fund since December
1998. On July 8, 2002, the Reporting Persons disposed of an aggregate
of 787,520 Shares in connection with the Fund's self tender offer (the
"Tender Offer"). Immediately following such disposition, the Reporting
Persons beneficially owned fewer than 5% of the Fund's outstanding
Shares. In addition, subsequent to July 8, 2002, the Reporting Persons
disposed of additional Shares as more fully disclosed in Annex A
hereto. Accordingly, the Reporting Persons are no longer subject to
reporting under Section 13(d) of the Securities Exchange Act of 1934,
as amended, with respect to their beneficial ownership of Shares of
the Fund.
ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER.
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(a) and (b). As of July 22, 2002, EWF, GEM, IEM, MPEM and GFM owned
directly 6,300, 68,933, 79,813, 0 and 0 Shares, respectively,
representing approximately 0.06%, 0.67%, 0.77%, 0% and 0%,
respectively, of the 10,344,072 outstanding Shares of the Fund. The
number of Shares indicated in the preceding sentence as being
outstanding is the aggregate number of outstanding Shares of the Fund
as of the close of business on July 9, 2002 as reported in the Fund's
proxy statement filed with the SEC on July 15, 2001.
As of July 22, 2002, CLIG, through its control of CLIM, had sole
voting and dispositive power with respect to all 155,046 Shares owned
directly by the City of London Funds, representing approximately 1.5%
of the 10,344,072 outstanding Shares.
As of July 22, 2002, CLIM, in its capacity as investment adviser to
the City of London Funds, had sole voting and dispositive power with
respect to all 155,046 Shares owned directly by the City of London
Funds, representing approximately 1.5% of the 10,344,072 outstanding
Shares.
(c). Information with respect to all transactions in the Shares
beneficially owned by the Reporting Persons that were effected during
the past 60 days is set forth in Annex A to this Amendment No. 1.
(d). None
(e). Not Applicable
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CUSIP NO. 044901106 13D PAGE 5 of 6
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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.
Dated: July 24, 2002
CITY OF LONDON INVESTMENT
GROUP PLC
/s/ Douglas F. Allison
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Name: Douglas F. Allison
Title: Finance Director
CITY OF LONDON INVESTMENT
MANAGEMENT COMPANY LIMITED
/s/ Clayton Gillece
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Name: Clayton Gillece
Title: Fund Manager
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CUSIP NO. 044901106 13D PAGE 6 of 6
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ANNEX A
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INFORMATION WITH RESPECT TO TRANSACTIONS
IN THE FUND'S COMMON STOCK
DURING THE PAST SIXTY DAYS
Number of Shares of City of London Price Per
Date Common Stock Sold Fund which Sold Share (US$)
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7/19/02 3,000 EWF 10.37
7/10/02 2,279 EWF 10.58
7/8/02 34,129 EWF 10.66
6/10/02 7,550 EWF 10.62
5/23/02 28,100 EWF 10.90
7/8/02 203,187 GEM 10.66
6/12/02 5,500 GEM 10.68
6/10/02 7,550 GEM 10.62
6/6/02 40,300 GEM 10.62
5/31/02 18,000 GEM 11.02
5/29/02 2,000 GEM 11.01
5/28/02 2,550 GEM 11.10
7/12/02 8,492 GFM 10.31
7/8/02 25,033 GFM 10.66
6/3/02 8,100 GFM 10.87
5/31/02 7,000 GFM 11.02
5/30/02 7,800 GFM 11.02
5/28/02 2,550 GFM 11.10
5/24/02 13,995 GFM 11.00
7/18/02 10,000 IEM 10.40
7/17/02 15,000 IEM 10.40
7/8/02 308,950 IEM 10.66
7/16/02 73,354 MPEM 10.10
7/8/02 216,221 MPEM 10.66
6/5/02 34,800 MPEM 10.64
6/4/02 6,800 MPEM 10.62