Filing Details

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

Super Group (SGHC) Limited

(Name of Issuer)

 

Ordinary Shares, no par value

(Title of Class of Securities)

 

G8588X103

(CUSIP Number)

 

Basil Bielich

Director

Burleigh Manor, Peel Road

Douglas

Isle of Man, IM1 5EP

+44 (0) 1624 777406

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

May 5, 2023

(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

 

* 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 ("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.   G8588X103
1.	Names of Reporting Persons Chivers Limited
2.	Check the Appropriate Box if a Member of a Group (See Instructions)
	(a)	¨
	(b)	x (1)
3.	SEC Use Only
4.	Source of Funds (See Instructions) WC
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ¨
6.	Citizenship or Place of Organization Isle of Man

Number of Shares Beneficially Owned by Each Reporting Person With	7.	Sole Voting Power
	8.	Shared Voting Power 98,401,158 shares
	9.	Sole Dispositive Power
	10.	Shared Dispositive Power 98,401,158 shares

11.	Aggregate Amount Beneficially Owned by Each Reporting Person 98,401,158 shares
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ¨
13.	Percent of Class Represented by Amount in Row (11) 19.8% (2)
14.	Type of Reporting Person (See Instructions) CO

 

(1)

This Schedule 13D is filed by Chivers Limited (“Chivers”), Chivers Trust (the “Trust”) and Waddle Limited (“Waddle” and, with Chivers and Trust, collectively, the “Reporting Persons”). The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13D.

 

(2)

This percentage is calculated based upon 497,887,721 Ordinary Shares outstanding as of December 31, 2022, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 27, 2023.

 

 

CUSIP No.   G8588X103
1.	Names of Reporting Persons Chivers Trust
2.	Check the Appropriate Box if a Member of a Group (See Instructions)
	(a)	¨
	(b)	x (1)
3.	SEC Use Only
4.	Source of Funds (See Instructions) AF
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ¨
6.	Citizenship or Place of Organization Isle of Man

Number of Shares Beneficially Owned by Each Reporting Person With	7.	Sole Voting Power
	8.	Shared Voting Power 98,401,158 shares (2)
	9.	Sole Dispositive Power
	10.	Shared Dispositive Power 98,401,158 shares (2)

11.	Aggregate Amount Beneficially Owned by Each Reporting Person 98,401,158 shares (2)
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ¨
13.	Percent of Class Represented by Amount in Row (11) 19.8% (3)
14.	Type of Reporting Person (See Instructions) OO

 

(1)

This Schedule 13D is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13D.

 

(2)

Shares are directly held by Chivers, the Trust is the sole shareholder of Chivers and Waddle is the trustee of the Trust. Each of the Trust and Waddle shares voting and investment authority over the shares held by Chivers.

 

(3)

This percentage is calculated based upon 497,887,721 Ordinary Shares outstanding as of December 31, 2022, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 27, 2023.

 

 

CUSIP No.   G8588X103
1.	Names of Reporting Persons Waddle Limited
2.	Check the Appropriate Box if a Member of a Group (See Instructions)
	(a)	¨
	(b)	x (1)
3.	SEC Use Only
4.	Source of Funds (See Instructions) AF
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ¨
6.	Citizenship or Place of Organization Isle of Man

Number of Shares Beneficially Owned by Each Reporting Person With	7.	Sole Voting Power
	8.	Shared Voting Power 98,401,158 shares (2)
	9.	Sole Dispositive Power
	10.	Shared Dispositive Power 98,401,158 shares (2)

11.	Aggregate Amount Beneficially Owned by Each Reporting Person 98,401,158 shares (2)
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ¨
13.	Percent of Class Represented by Amount in Row (11) 19.8% (3)
14.	Type of Reporting Person (See Instructions) CO

 

(1)

This Schedule 13D is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13D.

 

(2)

Shares are directly held by Chivers, the Trust is the sole shareholder of Chivers and Waddle is the trustee of the Trust. Each of the Trust and Waddle shares voting and investment authority over the shares held by Chivers.

 

(3)

This percentage is calculated based upon 497,887,721 Ordinary Shares outstanding as of December 31, 2022, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 27, 2023.

 

 

Explanatory Note: This Amendment No. 1 (the “Amendment”), which amends the Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) on December 15, 2022 (the “Original Schedule 13D”) filed on behalf of Chivers Limited (“Chivers”), Chivers Trust (“Trust”) and Waddle Limited (“Waddle” and, with Chivers and Trust, collectively, the “Reporting Persons”), relates to the ordinary shares, no par value (“Ordinary Shares”) of Super Group (SGHC) Limited, a non-cellular company limited by shares incorporated and registered under the laws of the Island of Guernsey, (the “Issuer” and also “SuperGroup”). This Amendment is being filed by the Reporting Persons to report Chivers’ entry into the Option Agreement (as defined herein), as described in Items 4 and 6 below.

 

Items 4 and 6 of the Original Schedule 13D are hereby amended and supplemented to the extent hereinafter expressly set forth and, except as amended and supplemented hereby, the Original Schedule 13D remains in full force and effect. All capitalized terms used in this Amendment but not defined herein shall have the meanings ascribed thereto in the Original Schedule 13D.

 

Item 4.

Purpose of Transaction

 

Item 4 of the Original Schedule 13D is hereby amended and supplemented by adding the following paragraph at the end of Item 4:

 

On May 5, 2023, Chivers and Knutsson Limited (“Knutsson”), another shareholder of the Issuer, entered into a Put and Call Share Option Agreement (the “Option Agreement”), with respect to 60,000,000 ordinary shares (the “Option Shares”) owned by Chivers, as described in greater detail in Item 6 below.

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

 

Item 6 of the Original Schedule 13D is hereby amended and supplemented by adding the following paragraph at the end of Item 6:

 

Put and Call Share Option Agreement

 

On May 5, 2023, Chivers and Knutsson entered into the Option Agreement. Under the Option Agreement, Chivers has granted Knutsson an option (the “Call Option”) to purchase from Chivers the Option Shares, from time to time, during the ten year period beginning June 30, 2024 (the “Option Period”) at purchase prices per share ranging from $5.20 per share to $7.41 per share. The Call Option generally may only be exercised, at Knutsson’s election, either in full or in multiples of 100,000 Option Shares. Under the Option Agreement, Knutsson granted Chivers an option (the “Put Option”) to sell to Knutsson the Option Shares, from time to time, during the Option Period at a sale price of $4 per share. The Put Option generally may only be exercised, at Chivers’ election: (i) once in any rolling six month period; (ii) in respect of up to a maximum of 15,000,000 Option Shares per calendar year; and (iii) in respect of not less than 100,000 Option Shares. In certain circumstances, Knutsson will have the option to elect to settle the exercise of an option under the Option Agreement by cash payment equal to the difference between the trading price of the ordinary shares subject to the exercise and the purchase price of the Option Shares under the relevant option being exercised. The Call Option and Put Option shall automatically lapse and be of no further force and effect on completion of a Change of Control (as defined in the Option Agreement) of the Issuer.

 

The description of the Option Agreement is qualified in its entirety by reference to the full text of the Option Agreement, which is filed as an exhibit hereto and incorporated by reference herein.

 

Item 7.

Material to be Filed as Exhibits

 

Item 7 of the Original Schedule 13D is hereby amended and supplemented by adding the following paragraph at the end of Item 7:

 

E.

Put and Call Share Option Agreement, dated May 5, 2023 by and between Knutsson Limited and Chivers Limited.

 

 

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: May 5, 2023
Chivers Limited
By:	/s/ Basil Bielich
	Name: Basil Bielich
	Title: Director
Chivers Trust
By:	Waddle Limited
Its:	Trustee
By:	/s/ Basil Bielich
	Name: Basil Bielich
	Title: Director
Waddle Limited
By:	/s/ Basil Bielich
	Name: Basil Bielich
	Title: Director

 

	ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

 

 

Exhibit(s):

 

E.

Put and Call Share Option Agreement, dated May 5, 2023, by and between Knutsson Limited and Chivers Limited.