Kamkorp Ltd – ‘SC 13D/A’ on 4/24/00 re: Electrosource Inc

On:  Monday, 4/24/00, at 2:15pm ET   ·   Accession #:  950133-0-1640   ·   File #:  5-39045

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Amendment to General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Amendment No. 9 to Schedule 13D                        4     16K 

Document Table of Contents

SC 13D/A
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 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
 UNDER THE SECURITIES AND EXCHANGE ACT OF 1934
 (AMENDMENT NO. 9)

 Electrosource, Inc.
----------------------------------------------------------- 
(Name of Issuer)

Common Stock
----------------------------------------------------------- 
(Title of Class of Securities)

 286150206
----------------------------------------------------------- 
(CUSIP Number)

Corporate Secretary, Electrosource, Inc., 2809 Interstate 35
 South, San Marcos, Texas 78666 (512) 753-6559
------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices   
and Communications) 

March 20, 2000
----------------------------------------------------------- 
 (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 WHICH IS THE SUBJECT OF THIS SCHEDULE 13D, AND IS FILING THIS   
SCHEDULE BECAUSE OF RULE 13d-1(b)(3) OR (4), CHECK THE FOLLOWING BOX [ ].       

SC 13D/A
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 AMENDMENT NO. 9
TO
SCHEDULE 13D

                                                                [Download Table]
                                                                          
1.  Names of Reporting Persons                                            

    KAMKORP 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)   WC                               

5.  Check if Disclosure of Legal Proceedings is Required Pursuant to Items
    2(d) or 2(e) __________________                                       

6.  Citizenship or Place of Organization  ENGLAND                         

7.  Sole Voting Power   12,000,000                                        

8.  Shared Voting Power  NONE                                             

9.  Sole Dispositive Power  12,000,000                                    

10. Shared Dispositive Power  NONE                                        

11. Aggregate Amount Beneficially Owned by Each Reporting Person          
    12,000,000                                                            

12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
    Instructions) ______                                                  

13. Percent of Class Represented by Amount in Row (11)  72.0%             

14. Type of Reporting Person (See Instructions)  CO                       

1.  Names of Reporting Persons                                            

    KAMAL SIDDIQI                                                         

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) WC (OF KAMKORP LIMITED)            

5.  Check if Disclosure of Legal Proceedings is Required Pursuant to Items
    2(d) or 2(e) __________________                                       

6.  Citizenship or Place of Organization  INDIAN                          

7.  Sole Voting Power   NONE                                              

8.  Shared Voting Power  NONE                                             

9.  Sole Dispositive Power  NONE                                          

10. Shared Dispositive Power  NONE                                        

11. Aggregate Amount Beneficially Owned by Each Reporting Person  0       

12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
    Instructions)    X                                                    
                  -------                                                 

13. Percent of Class Represented by Amount in Row (11)  0                 

14. Type of Reporting Person (See Instructions)  IN                       

SC 13D/A
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 AMENDMENT NO. 9
TO
SCHEDULE 13D

  This Amendment No. 9 (this "Amendment") supplements the statement on
Schedule 13D filed with respect to an event occurring on June 2, 1998 and filed 
by Kamkorp Limited ("Kamkorp"), Kamal Siddiqi, Clifford Graham Winckless and    
Roger Geoffrey Musson on June 12, 1998 (the "Initial Filing") relating to the   
common stock, par value $1.00 per share ("Common Stock") of Electrosource, Inc.,
a Delaware corporation ("Electrosource"). Capitalized terms used herein without 
definition have the same meanings attributed to them in the Initial Filing.     

ITEM 3.   SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION                     

   On March 20, 2000, Kamkorp acquired from the issuer 650,000 shares of
Common Stock of Electrosource (the "Reported Shares") for $650,000. The source  
of funds for the purchase of the Reported Shares is working capital of the      
Kamkorp Limited consolidated group.                                             

ITEM 4.   PURPOSE OF TRANSACTION                                                

      (a) On March 20, 2000, Kamkorp purchased the Reported Shares pursuant to
a notice transmitted to Electrosource from Kamkorp as contemplated by the Second
Option. The purchase of the Reported Shares is part of a series of contemplated 
transactions that have resulted in the acquisition of control of Electrosource. 

      After the purchase of the Reported Shares, 723,500 shares remain
eligible for purchase under the Second Option on or before April 27, 2000.      
Assuming full exercise of the Option and the Second Option, Kamkorp will obtain 
approximately 72.0% of the voting securities of Electrosource.                  

     (e) The purchase of the Reported Shares are expected to have a material
effect on the capitalization of Electrosource. Kamkorp has no present plan to   
seek a change in Electrosource's dividend policy.                               

ITEM 5.   INTEREST IN SECURITIES OF THE ISSUER                                  

(a) See Item 4.                                                   

(b) See Item 4.                                                   

(c) See Item 4.                                                   

SC 13D/A
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    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. Kamkorp Limited and Kamal Siddiqi agree to the filing of this combined 
report.                                                                         

/s/ Kamal Siddiqi                                                             
---------------------------                                                     
By:  Kamal Siddiqi                                                              
Chairman, Kamkorp Limited                                                       
Date: April 14, 2000                                                            

/s/ Kamal Siddiqi                                                             
---------------------------                                                     
By:  Kamal Siddiqi                                                              
Date: April 14, 2000                                                            

/s/ Clifford Winckless                                                        
---------------------------                                                     
By: Clifford Winckless                                                          
Date: April 14, 2000                                                            

/s/ Roger Musson                                                              
---------------------------                                                     
By:  Roger Musson                                                               
Date: April 14, 2000                                                            

Schedule 13D Amendment No. 9                                                    

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SC 13D/A’ Filing		Date		First		Last			Other Filings
		4/27/00		3
Filed on:		4/24/00
		4/14/00		4
		3/20/00		1		3
		6/12/98		3					SC 13D
		6/2/98		3
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