Sec Form 13G Filing - Astaris Capital Management LLP filing for KNOT OFFSHORE PARTNERS LP COM (KNOP) - 2024-10-10

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No.)*

 

 

KNOT Offshore Partners LP

(Name of Issuer)

Common Units Representing Limited Partner Interests

(Title of Class of Securities)

Y48125101

(CUSIP Number)

October 4, 2024

(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.

Y48125101

 

1.	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	Astaris Capital Management LLP
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
		(a)  [_]
		(b)  [X]
3.	SEC USE ONLY
4.	CITIZENSHIP OR PLACE OF ORGANIZATION
	United Kingdom
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5.	SOLE VOTING POWER
	0
6.	SHARED VOTING POWER
	1,739,180
7.	SOLE DISPOSITIVE POWER
	0
8.	SHARED DISPOSITIVE POWER
	1,739,180
9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,739,180
10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)	[_]
11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	5.1 %
12.	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	PN

 

 

CUSIP No.

Y48125101

 

1.	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	Astaris Capital Management (UK) Limited
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
		(a)  [_]
		(b)  [X]
3.	SEC USE ONLY
4.	CITIZENSHIP OR PLACE OF ORGANIZATION
	United Kingdom
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5.	SOLE VOTING POWER
	0
6.	SHARED VOTING POWER
	1,739,180
7.	SOLE DISPOSITIVE POWER
	0
8.	SHARED DISPOSITIVE POWER
	1,739,180
9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,739,180
10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)	[_]
11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	5.1%
12.	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	HC, CO

 

 

CUSIP No.

Y48125101

 

1.	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	Astaris Capital Management (Cayman) Limited
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
		(a)  [_]
		(b)  [X]
3.	SEC USE ONLY
4.	CITIZENSHIP OR PLACE OF ORGANIZATION
	Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5.	SOLE VOTING POWER
	0
6.	SHARED VOTING POWER
	1,739,180
7.	SOLE DISPOSITIVE POWER
	0
8.	SHARED DISPOSITIVE POWER
	1,739,180
9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,739,180
10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)	[_]
11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	5.1%
12.	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	HC, CO

 

 

CUSIP No.

Y48125101

 

1.	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	Martin Beck
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
		(a)  [_]
		(b)  [X]
3.	SEC USE ONLY
4.	CITIZENSHIP OR PLACE OF ORGANIZATION
	United Kingdom
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5.	SOLE VOTING POWER
	0
6.	SHARED VOTING POWER
	1,739,180
7.	SOLE DISPOSITIVE POWER
	0
8.	SHARED DISPOSITIVE POWER
	1,739,180
9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,739,180
10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)	[_]
11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	5.1%
12.	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	HC, IN

 

 

CUSIP No.

Y48125101

 

Item 1.	(a).	Name of Issuer:
		KNOT Offshore Partners LP

 

	(b).	Address of issuer's principal executive offices:
		2 Queens Cross Aberdeen
		AB15 4YB, United Kingdom

 

Item 2.	(a).	Name of person filing:
		Astaris Capital Management LLP Astaris Capital Management (UK) Limited Astaris Capital Management (Cayman) Limited Martin Beck

 

	(b).	Address or principal business office or, if none, residence:
		Astaris Capital Management LLP 3 Tilney Street London W1K 1BQ United Kingdom   Astaris Capital Management (UK) Limited 3 Tilney Street London W1K 1BQ United Kingdom   Astaris Capital Management (Cayman) Limited P.O. Box 309 Ugland House Grand Cayman KY1-1104 Cayman Islands   Martin Beck c/o Astaris Capital Management LLP 3 Tilney Street London W1K 1BQ United Kingdom

 

	(c).	Citizenship:
		Astaris Capital Management LLP – United Kingdom Astaris Capital Management (UK) Limited – United Kingdom Astaris Capital Management (Cayman) Limited – Cayman Islands Martin Beck – United Kingdom

 

	(d).	Title of class of securities:
		Common Units Representing Limited Partner Interests

 

	(e).	CUSIP No.:
		Y48125101

 

 

 

Item 3.

If This Statement is filed pursuant to §§.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a

 

(a)

[_]

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

(b)

[_]

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

(c)

[_]

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 

(d)

[_]

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

 

(e)

[_]

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

 

(f)

[_]

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

 

(g)

[_]

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

 

(h)

[_]

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);

 

(i)

[_]

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

(j)

[_]

A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);

 

(k)

[_]

Group, in accordance with §240.13d-1(b)(1)(ii)(K).  If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:

 

Item 4.

Ownership.

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

	(a)	Amount beneficially owned:
		Astaris Capital Management LLP – 1,739,180 Astaris Capital Management (UK) Limited – 1,739,180 Astaris Capital Management (Cayman) Limited – 1,739,180 Martin Beck – 1,739,180

 

	(b)	Percent of class:
		Astaris Capital Management LLP – 5.1% Astaris Capital Management (UK) Limited – 5.1% Astaris Capital Management (Cayman) Limited – 5.1% Martin Beck – 5.1%

 

 

 

	(c)	Number of shares as to which Astaris Capital Management LLP has:
		(i)	Sole power to vote or to direct the vote	0	,
		(ii)	Shared power to vote or to direct the vote	1,739,180	,
		(iii)	Sole power to dispose or to direct the disposition of	0	,
		(iv)	Shared power to dispose or to direct the disposition of	1,739,180	.
		Number of shares as to which Astaris Capital Management (UK) Limited has:
		(i)	Sole power to vote or to direct the vote	0	,
		(ii)	Shared power to vote or to direct the vote	1,739,180	,
		(iii)	Sole power to dispose or to direct the disposition of	0	,
		(iv)	Shared power to dispose or to direct the disposition of	1,739,180	.

 

Number of shares to which Astaris Capital Management (Cayman) Limited has:

 

		(i)	Sole power to vote or to direct the vote	0	,
		(ii)	Shared power to vote or to direct the vote	1,739,180	,
		(iii)	Sole power to dispose or to direct the disposition of	0	,
		(iv)	Shared power to dispose or to direct the disposition of	1,739,180	.

 

Number of shares to which Martin Beck has:

 

		(i)	Sole power to vote or to direct the vote	0	,
		(ii)	Shared power to vote or to direct the vote	1,739,180	,
		(iii)	Sole power to dispose or to direct the disposition of	0	,
		(iv)	Shared power to dispose or to direct the disposition of	1,739,180	.

 

Item 5.	Ownership of Five Percent or Less of a Class.
	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 [ ].
	Not applicable

 

 

 

Item 6.

Ownership of More Than Five Percent on Behalf of Another Person.

 

	If any 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, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified.  A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
	All of the securities reported in this Schedule 13G are directly owned by advisory clients of Astaris Capital Management LLP.  None of those advisory clients may be deemed to beneficially own more than 5% of the Common Units Representing Limited Partner Interests.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

	If a parent holding company or control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary.  If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
	Please see Exhibit B Attached hereto.

 

Item 8.

Identification and Classification of Members of the Group.

 

	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group.  If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group.
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	Not applicable

 

Item 9.

Notice of Dissolution of Group.

 

	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity.  See Item 5.
	Not applicable

 

Item 10.

Certification.

 

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, other than activities solely in connection with a nomination under § 240.14a-11.

 

 

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.

 

		October 10, 2024
		(Date)

 

	ASTARIS CAPITAL MANAGEMENT LLP
	By:	/s/ Martin Beck
		Martin Beck
		Partner & Designated Member
	ASTARIS CAPITAL MANAGEMENT (UK) LIMITED
	By:	/s/ Martin Beck
		Martin Beck
		Director
	ASTARIS CAPITAL MANAGEMENT (CAYMAN) LIMITED
	By:	/s/ Martin Beck
		Martin Beck
		Director

 

	MARTIN BECK
	/s/ Martin Beck

 

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative.  If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference.  The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

 

Note.  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7 for other parties for whom copies are to be sent.

 

Attention.  Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).

 

 

 

Exhibit A

AGREEMENT

 

Each of the undersigned hereby consents and agrees to this joint filing to Schedule 13G for the Common Units Representing Limited Partner Interests, of KNOT Offshore Partners LP.

 

 

		October 10, 2024
		(Date)

 

	ASTARIS CAPITAL MANAGEMENT LLP
	By:	/s/ Martin Beck
		Martin Beck
		Partner & Designated Member
	ASTARIS CAPITAL MANAGEMENT (UK) LIMITED
	By:	/s/ Martin Beck
		Martin Beck
		Director
	ASTARIS CAPITAL MANAGEMENT (CAYMAN) LIMITED
	By:	/s/ Martin Beck
		Martin Beck
		Director

 

	MARTIN BECK
	/s/ Martin Beck

 

 

Exhibit B

 

 

Astaris Capital Management LLP is the relevant entity for which each of Astaris Capital Management (UK) Limited, Astaris Capital Management (Cayman) Limited and Martin Beck may be considered a control person.