Washington, D.C. 20549
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. ¨
* 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, as amended (the “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. 38119T
|
|
1.
|
Name of Reporting Persons
I.R.S. Identification No. of Above Persons (Entities Only):
La Mancha Star Investments S.à r.l.
|
|
|
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
|
|
(a)
|
¨
|
|
|
(b)
|
x
|
|
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
Luxembourg
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
7.
|
Sole Voting Power
38,339,704
|
8.
|
Shared Voting Power
0
|
9.
|
Sole Dispositive Power
38,339,704
|
10.
|
Shared Dispositive Power
0
|
|
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
38,339,704
|
|
12.
|
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨
|
|
13.
|
Percent of Class Represented by Amount in Row (11)
34.5%
|
|
14.
|
Type of Reporting Person (See Instructions)
OO
|
CUSIP No. 38119T
|
|
1.
|
Name of Reporting Persons
I.R.S. Identification No. of Above Persons (Entities Only):
La Mancha Holding S.à r.l.
|
|
|
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
|
|
(a)
|
¨
|
|
|
(b)
|
x
|
|
3.
|
SEC Use Only
|
|
4.
|
Source of Funds (See Instructions)
Not Applicable
|
|
5.
|
Check
if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
|
|
6.
|
Citizenship or Place of Organization
Luxembourg
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
7.
|
Sole Voting Power
38,339,704
|
8.
|
Shared Voting Power
0
|
9.
|
Sole Dispositive Power
38,339,704
|
10.
|
Shared Dispositive Power
0
|
|
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
38,339,704
|
|
12.
|
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨
|
|
13.
|
Percent of Class Represented by Amount in Row (11)
34.5%
|
|
14.
|
Type of Reporting Person (See Instructions)
OO
|
CUSIP No. 38119T
|
|
1.
|
Name of Reporting Persons
I.R.S. Identification No. of Above Persons (Entities Only):
Marchmont Limited
|
|
|
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
|
|
(a)
|
¨
|
|
|
(b)
|
x
|
|
3.
|
SEC Use Only
|
|
4.
|
Source of Funds (See Instructions)
Not Applicable
|
|
5.
|
Check
if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
|
|
6.
|
Citizenship or Place of Organization
Cayman Islands, British West Indies
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
7.
|
Sole Voting Power
38,339,704
|
8.
|
Shared Voting Power
0
|
9.
|
Sole Dispositive Power
38,339,704
|
10.
|
Shared Dispositive Power
0
|
|
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
38,339,704
|
|
12.
|
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨
|
|
13.
|
Percent of Class Represented by Amount in Row (11)
34.5%
|
|
14.
|
Type of Reporting Person (See Instructions)
OO
|
CUSIP No. 38119T
|
|
1.
|
Name of Reporting Persons
I.R.S. Identification No. of Above Persons (Entities Only):
Yousriya Nassif Loza
|
|
|
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
|
|
(a)
|
¨
|
|
|
(b)
|
x
|
|
3.
|
SEC Use Only
|
|
4.
|
Source of Funds (See Instructions)
Not Applicable
|
|
5.
|
Check
if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
|
|
6.
|
Citizenship or Place of Organization
Egypt
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
7.
|
Sole Voting Power
38,339,704
|
8.
|
Shared Voting Power
0
|
9.
|
Sole Dispositive Power
38,339,704
|
10.
|
Shared Dispositive Power
0
|
|
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
38,339,704
|
|
12.
|
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨
|
|
13.
|
Percent of Class Represented by Amount in Row (11)
34.5%
|
|
14.
|
Type of Reporting Person (See Instructions)
IN
|
Explanatory
Note
This Amendment No. 7
(this “Amendment”) amends and supplements the Schedule 13D originally filed by certain of the Reporting Persons
with the U.S. Securities and Exchange Commission (the “SEC”) on October 2, 2018, as amended by Amendment
No. 1 thereto filed on October 15, 2018, Amendment No. 2 thereto filed on November 25, 2019, Amendment No. 3
thereto filed on January 30, 2020, Amendment No. 4 thereto filed on March 4, 2020, Amendment No. 5 filed on March 17, 2020
and Amendment No. 6 filed on April 24, 2021 (the “Schedule 13D”).
This Amendment amends
Item 5, Item 6 and Item 7 of the Schedule 13D as set forth below. Except as specifically amended by this Amendment, each Item of
the Schedule 13D remains unchanged. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed
to such terms in the Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE
ISSUER
Item 5 of the Schedule 13D is hereby
amended by amending and restating caption (a) thereof to read as follows:
|
(a)
|
LMSI is the beneficial owner of 38,339,704 shares of the Issuer Common Stock, or approximately 34.5% of the Issuer Common Stock
issued and outstanding (on a non-diluted basis).
|
LMH, as the sole shareholder
of LMSI, may be deemed to have voting and dispositive power with respect to the shares of the Issuer Common Stock beneficially
owned by LMSI. As such, LMH may be deemed the indirect beneficial owner of 38,339,704 shares of the Issuer Common Stock, or approximately
34.5% of the Issuer Common Stock issued and outstanding (on a non-diluted basis).
Marchmont, as the sole shareholder
of LMH, may be deemed to have voting and dispositive power with respect to the shares of the Issuer Common Stock beneficially owned
by LMSI. As such, Marchmont may be deemed the indirect beneficial owner of 38,339,704 shares of the Issuer Common Stock,
or approximately 34.5% of the Issuer Common Stock issued and outstanding (on a non-diluted basis).
Mrs. Yousriya Nassif
Loza, as sole beneficiary (during her lifetime) of a trust owning Marchmont, may be deemed to have voting and dispositive power
with respect to the shares of the Issuer Common Stock beneficially owned by LMSI. As such, Mrs. Yousriya Nassif Loza
may be deemed the indirect beneficial owner of 38,339,704 shares of the Issuer Common Stock, or approximately 34.5% of the Issuer
Common Stock issued and outstanding (on a non-diluted basis).
Each of the Reporting Persons
disclaims beneficial ownership in all shares of the Issuer Common Stock reported herein, except to the extent of the Reporting
Person’s respective pecuniary interest therein. All share percentage calculations in this Amendment are based on 111,260,841
shares of the Issuer Common Stock issued and outstanding as of October 28, 2020, as reported under the section “Outstanding
Share Data” in the Issuer’s Management’s Discussion and Analysis for the three and nine months ended September
30, 2020, included as Exhibit 99.1 to the Issuer’s Form 6-K filed with the U.S. Securities and Exchange Commission on October
28, 2020.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS
OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
The section titled “Standstill
Obligations” in Item 6 of the Schedule 13D is hereby amended and supplemented as follows:
Under the 2021 Facility Agreement
(as defined below), the Investor agreed that it and its affiliates would not at any time, irrespective of the Standstill Period,
own or exercise control or direction over in aggregate 35% or more of the issued and outstanding Issuer Common Stock.
The section titled “Termination of
Restrictions on Dispositions and Standstill” in Item 6 of the Schedule 13D is hereby amended and supplemented as follows:
Notwithstanding the termination
of the aforementioned restrictions on dispositions and standstill provisions in the Investor Rights Agreement upon satisfaction
of the conditions above, the Investor and its affiliates continue to remain restricted from owning or exercising control or direction
over in aggregate 35% or more of the issued and outstanding Issuer Common Stock under to the 2021 Facility Agreement until that
agreement is terminated in accordance with its terms.
The section titled “Loan Facility”
in Item 6 of the Schedule 13D is hereby amended and supplemented as follows:
On February 12, 2021 the Investor
fully repaid the loans outstanding under the 2019 Facility Agreement using the proceeds of a new loan, and the pledge over the
2019 Pledged Shares was subsequently released, in connection with a Refinancing Agreement dated January 27, 2021 entered into by
the Investor, LMAH and LMSI with the 2019 Lenders, as existing lenders, and Standard Chartered Bank, United Arab Emirates Branch,
as new lender (“SCB”, and together with the 2019 Lenders, the “2021 Lenders”), among others. In
connection with such refinancing, the Investor, as borrower, and LMSI and LMAH as security providers, entered into a Loan Agreement
dated January 27, 2021 (as amended from time to time, the “2021 Facility Agreement”) with the 2021 Lenders,
as lenders and calculation agents, a facility agent and a security agent (the “2021
Security Agent”). In connection with the 2021 Facility Agreement, among other things, the Investor and each of
LMSI and LMAH entered into Security Agreements each dated January 27, 2021, with the 2021 Security Agent (the “2021 Security
Documents”, and together with the 2021 Facility Agreement and any borrowing notice and each agreement or instrument delivered
pursuant to the foregoing or pursuant to the security interests and collateral granted in accordance with the foregoing, the “2021
Loan Documentation”).
Pursuant to the 2021 Security Documents, the Investor’s
obligations under the 2021 Facility Agreement will be secured by, among other things, a pledge of a basket of shares owned by LMSI
or LMAH, initially consisting of shares of Issuer Common Stock and the Alternative Shares.
As of February 12, 2021, none of the Issuer Common Stock remains pledged as security under the 2019 Facility Agreement or the Facility
Agreement and LMSI will have pledged all of the shares of Issuer Common Stock it owns and LMAH will have pledged all of the Alternative
Shares (the “2021 Pledged Shares”).
The loans under the 2021
Facility Agreement mature on or about January 27, 2023, subject to any mutually agreed extension. Upon the occurrence of certain
events that are customary for this type of loan, the 2021 Lenders may exercise their rights to require the Investor, or any successors,
assignees or transferees, to pre-pay the loan proceeds or post additional collateral, and the 2021 Lenders may exercise their rights
to foreclose on, and dispose of, the Pledged Shares and other collateral, in each case, in accordance with the 2021 Loan Documentation.
Under the 2021 Facility Agreement,
the Investor agreed that it and its affiliates would not at any time own or exercise control or direction over in aggregate 35%
or more of the issued and outstanding Issuer Common Stock.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS
Item 7 of the Schedule 13D is hereby
amended and supplemented by inserting the following:
12
|
Joint Filing Agreement, dated February 16, 2021, between LMSI, LMH, Marchmont and Yousriya Nassif Loza.
|
13*
|
Power of Attorney granted in favor of Onsi Sawiris, dated 15 November, 2020.
|
*Certain sensitive personally identifiable
information in this exhibit was omitted by means of redacting a portion of the text and replacing it with [***].
After reasonable inquiry and to the best
of my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete
and correct.
Dated: February 16, 2021
|
La Mancha Star Investments S.à r.l.
|
|
|
|
By:
|
/s/ Karim-Michel Nasr
|
|
Name: Karim-Michel Nasr
|
|
Title: Manager
|
|
|
|
By:
|
/s/ Fabio Ceccarelli
|
|
Name: Fabio Ceccarelli
|
|
Title: Manager
|
|
|
|
La Mancha Holding S.à r.l.
|
|
|
|
By:
|
/s/ Fabio Ceccarelli
|
|
Name: Fabio Ceccarelli
|
|
Title: Manager
|
|
|
|
By:
|
/s/ Wafaa Sayed Latif Mobarak
|
|
Name: Wafaa Sayed Latif Mobarak
Title: Director
|
|
|
|
Marchmont Limited
|
|
|
|
By:
|
/s/ Wafaa Sayed Latif Mobarak
|
|
Name: Wafaa Sayed Latif Mobarak
|
|
Title: Director
|
|
|
|
Yousriya Nassif Loza
|
|
|
|
By:
|
*
|
*By:
|
/s/ Onsi Sawiris
|
|
|
Onsi Sawiris, as Attorney-in-Fact
|
|