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.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Scorpio Tankers Inc.
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(Name of Issuer)
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Common Stock, par value $0.01 per share
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(Title of Class of Securities)
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Y7542C130
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(CUSIP Number)
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Mr. Emanuele Lauro
99 Boulevard du Jardin Exotique
Monaco 98000
377-9798-5716
with a copy to:
Edward S. Horton, Esq.
Seward & Kissel LLP
One Battery Park Plaza
New York, New York 10004
(212) 574-1200
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
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August 15, 2023
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(Date of Event Which Requires Filing of this Statement)
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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 ss.240.13D-1(e), 240.13d‑1(f) or 240.13d-1(g), check the following box [_].
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CUSIP No.
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Y7542C130
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1.
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NAME OF REPORTING PERSONS
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Scorpio Holdings Limited
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a)
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[_]
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(b)
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[X]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
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WC
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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[_]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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The Republic of the Marshall Islands
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7.
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SOLE VOTING POWER
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0
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8.
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SHARED VOTING POWER
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3,706,735
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9.
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SOLE DISPOSITIVE POWER
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0
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10.
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SHARED DISPOSITIVE POWER
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[_]
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3,706,735
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
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PERSON
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3,706,735
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
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CERTAIN SHARES
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[_]
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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6.9%
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14.
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TYPE OF REPORTING PERSON
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CO
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CUSIP No.
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Y7542C130
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1.
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NAME OF REPORTING PERSONS
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Annalisa Lolli-Ghetti
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a)
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[_]
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(b)
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[X]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
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OO
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5.
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C
HECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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[_]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Italy
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7.
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SOLE VOTING POWER
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298,010
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8.
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SHARED VOTING POWER
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3,706,735
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9.
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SOLE DISPOSITIVE POWER
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298,010
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10.
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SHARED DISPOSITIVE POWER
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[_]
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3,706,735
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
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PERSON
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4,004,745
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
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CERTAIN SHARES
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[_]
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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7.5%
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14.
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TYPE OF REPORTING PERSON
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IN
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CUSIP No.
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Y7542C130
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1.
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NAME OF REPORTING PERSONS
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Scorpio Services Holding Limited
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a)
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[_]
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(b)
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[X]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
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WC
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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[_]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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The Republic of the Marshall Islands
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7.
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SOLE VOTING POWER
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0
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8.
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SHARED VOTING POWER
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2,854,536
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9.
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SOLE DISPOSITIVE POWER
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0
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10.
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SHARED DISPOSITIVE POWER
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[_]
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2,854,536
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
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PERSON
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2,854,536
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
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CERTAIN SHARES
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[_]
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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5.3%
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14.
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TYPE OF REPORTING PERSON
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CO
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CUSIP No.
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Y7542C130
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Explanatory Note:
This Amendment No. 2 to the Schedule 13D that was originally filed on May 15, 2020 (the “Schedule 13D”) relates to
the common stock, par value $0.01 per share (the “Common Shares”) of Scorpio Tankers Inc., a corporation formed under the laws of the Republic of the Marshall Islands (the “Issuer”). This Amendment No. 2 is being filed to reflect transactions in the Common Shares by the Reporting Persons since the prior filing.
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Item 1.
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Security and Issuer.
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There are no material changes to the Schedule 13D.
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Item 2.
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Identity and Background.
Item 2 of the Schedule 13D is hereby amended and restated in its entirety as follows:
This Schedule 13D is being filed on behalf of the following:
Scorpio Holdings;
Scorpio Services Holding Limited, a corporation formed under the laws of the Republic of the
Marshall Islands (“SSH”), and a wholly-owned subsidiary of Scorpio Holdings; and
Annalisa Lolli-Ghetti, the majority shareholder of Scorpio Holdings (“Ms. Lolli-Ghetti”, and together with Scorpio Holdings and SSH, the “Reporting Persons”).
Ms. Lolli-Ghetti may be deemed the beneficial owner of approximately 7.5% of the Issuer’s outstanding Common Shares, Scorpio Holdings may
be deemed the beneficial owner of approximately 6.9% of the Issuer’s outstanding Common Shares, and SSH may be deemed the beneficial owner of approximately 5.3% of the Issuer’s outstanding Common Shares.
The principal business of Scorpio Holdings is acting as a holding company for SSH and certain other companies.
The principal business of SSH is the provision of administrative services relating to the ownership and operation of vessels, including to
the Issuer and unaffiliated third parties.
The principal business address and principal office address of each of the Reporting Persons is 99
Boulevard du Jardin Exotique, MC 98000, Monaco.
The identity, present principal occupation/employment, citizenship and business address of the executive officers, directors, and
controlling persons of the Reporting Persons, other than Ms. Lolli-Ghetti for whom such information is provided elsewhere herein, (together, the “Principals”) is set forth below.
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Name
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Principal Occupation and Employment (1)
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Citizenship
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Emanuele Lauro
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Director and Chief Executive Officer of Scorpio Holdings, SSH, the Issuer, Eneti Inc, and other entities within the Scorpio group of companies.
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Italy
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Robert Bugbee
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Director and President of Scorpio Holdings, SSH, the Issuer, Eneti Inc., and other entities within the Scorpio group of companies.
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Britain
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Cameron Mackey
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Director and Chief Operating Officer of Scorpio Holdings, SSH, the Issuer, , and other entities within the Scorpio group of companies, and Chief Operating
Officer of Eneti Inc.
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USA
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Filippo Lauro
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Director and Vice President of Scorpio Holdings, SSH, and other entities within the Scorpio group of companies, and Vice President of the Issuer, and Eneti
Inc.
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Italy
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Brian Lee
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Chief Financial Officer of Scorpio Holdings, SSH, the Issuer, and other entities within the Scorpio group of companies.
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USA
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(1) The business address of the Principals, Eneti Inc, and other entities within the Scorpio group of companies is 99 Boulevard du Jardin Exotique, MC 98000, Monaco.
The Reporting Persons, and, to the best of their knowledge, the Principals, have not, during the last five years, been convicted in any
criminal proceeding (excluding traffic violations or similar misdemeanors).
The Reporting Persons, and, to the best of their knowledge, the Principals, have not, during the last five years, 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.
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Item 3.
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Source and Amount of Funds or Other Consideration.
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Item 3 of the Schedule 13D is hereby amended to include the following:
Between December 24, 2020 and August 15, 2023, SHL acquired an aggregate of 300,000 Common Shares in open market transactions using funds
from working capital.
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Item 4.
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Purpose of Transaction.
There are no material changes to the Schedule 13D.
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Item 5.
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Interest in Securities of the Issuer.
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Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:
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(a,b)
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According to the Issuer’s Report on Form 6-K, filed with the Securities and Exchange Commission on August 15, 2023, the Issuer has
53,513,544 Common Shares outstanding. Based on the foregoing, as of the date of this filing:
Ms. Lolli-Ghetti may be deemed the beneficial owner of 4,004,745 Common Shares, representing approximately 7.5% of the Issuer’s
outstanding Common Shares and Scorpio Holdings may be deemed the beneficial owner of 3,706,735 Common Shares, representing approximately 6.9% of the Issuer’s outstanding Common Shares. Scorpio Holdings and Ms. Lolli-Ghetti have the shared
power to vote and dispose of 3,706,735 of these Common Shares. Ms. Lolli-Ghetti has the sole power to vote and dispose of 298,010 Common Shares.
SSH may be deemed the beneficial owner of 2,854,536 Common Shares, representing approximately 5.3% of the Issuer’s outstanding Common
Shares. SSH, Scorpio Holdings and Ms. Lolli-Ghetti have the shared power to vote and dispose of these Common Shares.
As of the date of this filing, the Principals may be deemed to be the beneficial owners of an aggregate of 4,791,125 Common Shares, with
the sole power to vote and dispose of the Common Shares that each Principal respectively owns.
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(c)
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Except as otherwise disclosed herein, no transactions in the Common Shares were effected by the Reporting Person during the past 60 days.
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(d)
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No other person 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, any of the Common Shares beneficially owned by the Reporting Persons or the Principals.
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(e)
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Not applicable. |
Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect
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to Securities of the Issuer.
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There are no material changes to the Schedule 13D.
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Item 7.
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Material to be Filed as Exhibits.
Not applicable.
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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.
Date: August 17, 2023
SCORPIO HOLDINGS LIMITED*
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By:
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/s/ Filippo Lauro
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Name: Filippo Lauro
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Title: Director and Vice President
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SCORPIO SERVICES HOLDING LIMITED*
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By:
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/s/ Filippo Lauro
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Name: Filippo Lauro
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Title: Director and Vice President
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ANNALISA LOLLI-GHETTI*
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/s/ Annalisa Lolli-Ghetti
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* The Reporting Person specifically disclaims beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein.
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).