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 13G
(Rule 13d-102)
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
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*
Farfetch Limited
(Name of Issuer)
Class A Ordinary Shares
(Title of Class of Securities)
30744W107
(CUSIP Number)
December 31, 2019
(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 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. 30744W107 | Schedule 13G | Page 1 of 7 |
| 1 | Names of Reporting Persons
José Neves | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | Citizenship or Place of Organization
Portugal | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
2,191,076 | ||||
| 6 | Shared Voting Power
42,858,080 | |||||
| 7 | Sole Dispositive Power
2,191,076 | |||||
| 8 | Shared Dispositive Power
42,858,080 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
45,049,156 | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
| 11 | Percent of Class Represented by Amount in Row 9
13.2% | |||||
| 12 | Type of Reporting Person
IN | |||||
| CUSIP No. 30744W107 | Schedule 13G | Page 2 of 7 |
| 1 | Names of Reporting Persons
TGF Participations Limited | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | Citizenship or Place of Organization
Isle of Man | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
0 | ||||
| 6 | Shared Voting Power
42,858,080 | |||||
| 7 | Sole Dispositive Power
0 | |||||
| 8 | Shared Dispositive Power
42,858,080 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
42,858,080 | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
| 11 | Percent of Class Represented by Amount in Row 9
12.6% | |||||
| 12 | Type of Reporting Person
OO (limited company) | |||||
| CUSIP No. 30744W107 | Schedule 13G | Page 3 of 7 |
| ITEM 1. | (a) | Name of Issuer: | ||
| Farfetch Limited (the “Issuer”) | ||||
| (b) | Address of Issuer’s Principal Executive Offices: | |||
| The Bower, 211 Old Street, London EC1V 9NR, United Kingdom | ||||
| ITEM 2. | (a) | Name of Person Filing: | ||
| Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of: | ||||
| José Neves | ||||
| TGF Participations Limited | ||||
| (b) | Address or Principal Business Office: | |||
| The address of Mr. Neves is c/o Farfetch Limited, The Bower, 211 Old Street, London EC1V 9NR, United Kingdom. The address of TGF Participations Limited is Grosvenor House, 66-67 Athol Street, Douglas, Isle of Man IM1 1JE. | ||||
| (c) | Citizenship of each Reporting Person is: | |||
| Mr. Neves is a Portuguese citizen. TGF Participations Limited is organized under the laws of the Isle of Man. | ||||
| (d) | Title of Class of Securities: | |||
| Class A Ordinary Shares, par value $0.04 per share (“Class A Ordinary Shares”) | ||||
| (e) | CUSIP Number: | |||
| 30744W107 | ||||
| ITEM 3. |
||||
| Not applicable. | ||||
| CUSIP No. 30744W107 | Schedule 13G | Page 4 of 7 |
| ITEM 4. | Ownership. |
(a-c)
The ownership information presented below represents beneficial ownership of Class A Ordinary Shares of the Issuer as of the date hereof, based upon 297,017,774 Class A Ordinary Shares outstanding as of January 31, 2020 and assumes the conversion of the Class B Ordinary Shares, par value $0.04 per share (“Class B Ordinary Shares”) of the Issuer held by the Reporting Person into Class A Ordinary Shares on a one-to-one basis.
| Reporting Person | Amount beneficially owned |
Percent of class: |
Sole power to vote or to direct the vote: |
Shared power to vote or to direct the vote: |
Sole of: |
Shared power to dispose or to direct the disposition of: |
||||||||||||||||||
| José Neves |
45,049,156 | 13.2 | % | 2,191,076 | 42,858,080 | 2,191,076 | 42,858,080 | |||||||||||||||||
| TGF Participations Limited |
42,858,080 | 12.6 | % | 0 | 42,858,080 | 0 | 42,858,080 | |||||||||||||||||
José Neves is the beneficial owner of 45,049,156 Class A Ordinary Shares, which includes: (i) 1,926,863 Class A Ordinary Shares held of record by Mr. Neves; (ii) 264,213 Class A Ordinary Shares issuable upon exercise of restricted stock units and stock options held of record by Mr. Neves that are exercisable within 60 days of the date of this filing; and (iii) 42,858,080 Class A Ordinary Shares issuable upon conversion on a one-for-one basis of Class B Ordinary Shares held of record by TGF Participations Limited.
Mr. Neves is the only named beneficiary and exercises voting and investment power over the securities held of record by TGF Participations Limited and may be deemed to share beneficial ownership of the Class B Ordinary Shares held of record by TGF Participations Limited.
| ITEM 5. | Ownership of Five Percent or Less of a Class. |
Not applicable.
| ITEM 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Not applicable.
| ITEM 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. |
Not applicable.
| ITEM 8. | Identification and Classification of Members of the Group. |
Not applicable.
| CUSIP No. 30744W107 | Schedule 13G | Page 5 of 7 |
| ITEM 9. | Notice of Dissolution of Group. |
Not applicable.
| ITEM 10. | Certification. |
Not applicable.
| CUSIP No. 30744W107 | Schedule 13G | Page 6 of 7 |
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: February 12, 2020
| José Neves | ||
| /s/ José Neves | ||
| TGF Participations Limited | ||
| By: | /s/ Nicole Hewson | |
| Nicole Hewson for and on behalf of Wilton Directors (IOM) Limited | ||
| By: | /s/ Theunis Bassage | |
| Theunis Bassage for and on behalf of Wilton Directors (IOM) Limited | ||
| CUSIP No. 30744W107 | Schedule 13G | Page 7 of 7 |
LIST OF EXHIBITS
| Exhibit No. |
Description | |
| 99 | Joint Filing Agreement (incorporated by reference to Exhibit 99 to the Schedule 13G filed by the Reporting Persons on February 12, 2019). | |