Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Madison Square Garden Sports Corp.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
55825T103
(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)
[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 the disclosures provided in a prior cover page.
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 ("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).
CUSIP No.: 55825T103
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1
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NAME OF REPORTING PERSON
NNS Holding
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
400,000
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
400,000
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
400,000 (1)
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.04% (1)
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12
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TYPE OF REPORTING PERSON
CO
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(1) Based on 19,582,000 shares of Class A Common Stock outstanding as of December 31, 2020, as reported in the Issuer’s Form 10-Q filed with the SEC on
February 3, 2021.
CUSIP No.: 55825T103
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1
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NAME OF REPORTING PERSON
NNS Investments (Cyprus) Ltd
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Cyprus
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
582,098
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
582,098
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
582,098
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.97% (1)
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12
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TYPE OF REPORTING PERSON
CO
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(1) Based on 19,582,000 shares of Class A Common Stock outstanding as of December 31, 2020, as reported in the Issuer’s Form 10-Q filed with the SEC on
February 3, 2021. Pursuant to certain financial contracts, an additional 247,386 shares of Class A Common Stock will be delivered to NNS Investments (Cyprus) Ltd on March 12, 2021, and became beneficially owned by the reporting person on January 9,
2021, giving a total of 829,484 shares of Class A Common Stock, or 4.24% of the Class A Common Stock.
CUSIP No.: 55825T103
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1
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NAME OF REPORTING PERSON
NNS Holding (Cyprus) Ltd
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Cyprus
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
582,098
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
582,098
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
582,098
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.97% (1)
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12
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TYPE OF REPORTING PERSON
CO
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(1) Based on 19,582,000 shares of Class A Common Stock outstanding as of December 31, 2020, as reported in the Issuer’s Form 10-Q filed with the SEC on
February 3, 2021. Pursuant to certain financial contracts, an additional 247,386 shares of Class A Common Stock will be delivered to NNS Investments (Cyprus) Ltd on March 12, 2021, and became beneficially owned by the reporting person on January 9,
2021, giving a total of 829,484 shares of Class A Common Stock, or 4.24% of the Class A Common Stock.
CUSIP No.: 55825T103
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1
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NAME OF REPORTING PERSON
NNS S.à r.l.-SPF
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Luxembourg
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
982,098
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
982,098
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
982,098
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.02% (1)
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12
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TYPE OF REPORTING PERSON
CO
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(1) Based on 19,582,000 shares of Class A Common Stock outstanding as of December 31, 2020, as reported in the Issuer’s Form 10-Q filed with the SEC on
February 3, 2021. Pursuant to certain financial contracts, an additional 247,386 shares of Class A Common Stock will be delivered to NNS Investments (Cyprus) Ltd on March 12, 2021, and became beneficially owned by the reporting person on January 9, 2021, giving a total of 1,229,484 shares of Class A Common Stock, or 6.28% of the Class A Common Stock.
CUSIP No.: 55825T103
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1
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NAME OF REPORTING PERSON
Nassef Sawiris
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Egypt; Belgium
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
0
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6
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SHARED VOTING POWER
982,098
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7
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SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
982,098
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
982,098
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.02% (1)
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12
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TYPE OF REPORTING PERSON
IN
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(1) Based on 19,582,000 shares of Class A Common Stock outstanding as of December 31, 2020, as reported in the Issuer’s Form 10-Q filed with the SEC on
February 3, 2021. Pursuant to certain financial contracts, an additional 247,386 shares of Class A Common Stock will be irrevocably delivered to NNS Investments (Cyprus) Ltd on March 12, 2021, and became beneficially owned by the reporting person on
January 9, 2021, giving a total of 1,229,484 shares of Class A Common Stock, or 6.28% of the Class A Common Stock.
CUSIP No.: 55825T103
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ITEM 1(a).
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NAME OF ISSUER:
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Madison Square Garden Sports Corp. (the “Issuer”)
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ITEM 1(b).
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ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
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Two Penn Plaza
New York, NY 10121
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ITEM 2(a).
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NAME OF PERSON FILING:
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NNS Holding
NNS Investments (Cyprus) Ltd
NNS Holding (Cyprus) Ltd
NNS S.à r.l.-SPF
Nassef Sawiris
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ITEM 2(b).
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ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
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NNS Holding
c/o Intertrust Corporate Services (Cayman) Ltd
One Nexus Way
Camana Bay
Grand Cayman KY1-9005
Cayman Islands
NNS Investments (Cyprus) Ltd
NNS Holding (Cyprus) Ltd
18, Evagora Papachristoforou St.
Petoussis Bldg, Ground Fl, Off. 01
Limassol, Cyprus 3030
NNS S.à r.l.-SPF
Nassef Sawiris
35F, avenue John F. Kennedy
L-1855 Luxembourg
Grand Duchy of Luxembourg
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ITEM 2(c).
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CITIZENSHIP:
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NNS Holding – Cayman Islands
NNS Investments (Cyprus) Ltd – Cyprus
NNS Holding (Cyprus) Ltd – Cyprus
NNS S.à r.l.-SPF – Luxembourg
Nassef Sawiris – Egypt; Belgium
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ITEM 2(d).
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TITLE OF CLASS OF SECURITIES:
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Class A Common Stock (“Common Stock”)
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ITEM 2(e).
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CUSIP NUMBER:
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55825T103
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ITEM 3.
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IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A:
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Not Applicable.
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ITEM 4.
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OWNERSHIP:
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Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
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(a)
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Amount beneficially owned:
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NNS Holding – 400,000
NNS Investments (Cyprus) Ltd – 582,098
NNS Holding (Cyprus) Ltd – 582,098
NNS S.à r.l.-SPF – 982,098
Nassef Sawiris – 982,098
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(b)
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Percent of class:
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NNS Holding – 2.04%
NNS Investments (Cyprus) Ltd – 2.97%
NNS Holding (Cyprus) Ltd – 2.97%
NNS S.à r.l.-SPF – 5.02%
Nassef Sawiris – 5.02%
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(c)
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Number of shares as to which the person has:
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(i) Sole power to vote or to direct the vote:
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NNS Holding – 400,000
NNS Investments (Cyprus) Ltd – 582,098
NNS Holding (Cyprus) Ltd – 582,098
NNS S.à r.l.-SPF – 982,098
Nassef Sawiris – 0
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(ii) Shared power to vote or to direct the vote:
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NNS Holding – 0
NNS Investments (Cyprus) Ltd – 0
NNS Holding (Cyprus) Ltd – 0
NNS S.à r.l.-SPF – 0
Nassef Sawiris – 982,098
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(iii) Sole power to dispose or to direct the disposition of:
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NNS Holding – 400,000
NNS Investments (Cyprus) Ltd – 582,098
NNS Holding (Cyprus) Ltd – 582,098
NNS S.à r.l.-SPF – 982,098
Nassef Sawiris – 0
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(iv) Shared power to dispose or to direct the disposition of:
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NNS Holding – 0
NNS Investments (Cyprus) Ltd – 0
NNS Holding (Cyprus) Ltd – 0
NNS S.à r.l.-SPF – 0
Nassef Sawiris – 982,098
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Pursuant to certain financial contracts, an additional 247,386 shares of Class A Common Stock will be delivered to NNS Investments (Cyprus) Ltd on
March 12, 2021, and became beneficially owned by the reporting person on January 9, 2021, giving a total of 1,229,484 shares of Class A Common Stock, or 6.28 % of the Class A Common Stock, beneficially owned by NNS S.à r.l.-SPF and Mr. Nassef
Sawiris.
The Reporting Persons are directly or indirectly wholly-owned by NNS S.à r.l.-SPF (“NNS SPF”), the parent entity of several legal entities established
to hold and invest financial assets worldwide. All of the shares in NNS SPF are held for the NNS Jersey Trust on trust for Mr. Nassef Sawiris and his descendants.
NNS Holding is directly wholly-owned by NNS SPF, all of the shares of which are held for the NNS Jersey Trust. Mr. Nassef Sawiris may be deemed to be
the beneficial owner of such shares of Class A Common Stock held by NNS Holding.
NNS Investments (Cyprus) Ltd is directly wholly-owned by NNS Holding (Cyprus) Ltd, which is directly wholly-owned by NNS SPF, all of the shares of
which are held for the NNS Jersey Trust. Mr. Nassef Sawiris may be deemed to be the beneficial owner of such shares of Class A Common Stock held by NNS Investments (Cyprus) Ltd.
Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission that any of these individuals is the
beneficial owner of such shares for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent that any such reporting person actually exercises voting or investment power with
respect to such securities.
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ITEM 5.
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OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
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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
five percent of the class of securities, check the following [ ].
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ITEM 6.
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OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
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Not applicable.
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ITEM 7.
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IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
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Not applicable.
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ITEM 8.
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IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
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Not applicable.
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ITEM 9.
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NOTICE OF DISSOLUTION OF GROUP:
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Not applicable.
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ITEM 10.
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CERTIFICATION:
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By signing below I certify that, to the best of my 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.
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SI
GNATURE
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.
Date: February 16, 2021
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NNS HOLDING
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By:
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/s/ Roger Bolan
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Name:
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Roger Bolan
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Title:
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Director
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NNS INVESTMENTS (CYPRUS) LTD
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By:
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/s/ Charalambos Pittas
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Name:
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Charalambos Pittas
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Title:
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Director
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NNS HOLDING (CYPRUS) LTD
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By:
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/s/ Charalambos Pittas
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Name:
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Charalambos Pittas
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Title:
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Director
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NNS S.à r.l.-SPF
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By:
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/s/ Bjorn Schuurmans
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Name:
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Bjorn Schuurmans
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Title:
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Manager
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NASSEF SAWIRIS
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By:
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/s/ Nassef Sawiris
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EXHIBIT 99.1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint
filing on behalf of each of them of an amendment to a Statement on Schedule 13G dated February 16, 2021 (including amendments thereto) with respect to the Class A Common Stock of Madison Square Garden Sports Corp. This Joint Filing Agreement shall be
filed as an Exhibit to such Statement. The undersigned acknowledge that each shall be responsible for the timely filing of any amendments to such joint filing and for the completeness and accuracy of the information concerning him or it contained
herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the other.
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NNS HOLDING
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By:
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/s/ Roger Bolan
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Name:
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Roger Bolan
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Title:
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Director
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NNS INVESTMENTS (CYPRUS) LTD
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By:
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/s/ Charalambos Pittas
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Name:
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Charalambos Pittas
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Title:
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Director
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NNS HOLDING (CYPRUS) LTD
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By:
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/s/ Charalambos Pittas
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Name:
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Charalambos Pittas
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Title:
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Director
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NNS S.à r.l.-SPF
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By:
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/s/ Bjorn Schuurmans
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Name:
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Bjorn Schuurmans
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Title:
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Manager
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NASSEF SAWIRIS
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By:
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/s/ Nassef Sawiris
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