SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULE 13d-1(a) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. )*
MERCURY AIR GROUP, INC.
--------------------------------------------------------------------------------
(Name of issuer)
COMMON STOCK, $0.01 PAR VALUE
--------------------------------------------------------------------------------
(Title of class of securities)
589354109
--------------------------------------------------------------------------------
(CUSIP number)
MATTHEW J. DAY, ESQ.
118 E. 25TH STREET, EIGHTH FLOOR
NEW YORK, NEW YORK 10010
(212) 673-0484
--------------------------------------------------------------------------------
(Name, address and telephone number of person
authorized to receive notices and communications)
NOVEMBER 22, 2002
--------------------------------------------------------------------------------
(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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box / /.
Note. The Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See Rule
13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 20 Pages)
-----------------------
* 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 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. 589354109 13D Page 2 of 20 Pages
--------------------------------- ------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ACQUISITOR HOLDINGS (BERMUDA) LTD.
No I.R.S. Identification Number
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
BERMUDA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 157,400
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH --------------------------------------------------------------
8 SHARED VOTING POWER
0
--------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
157,400
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
157,400
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES /X/
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.4%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
================================================================================
--------------------------------- ------------------------------
CUSIP No. 589354109 13D Page 3 of 20 Pages
--------------------------------- ------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
J.O. Hambro Capital Management Group Limited
No I.R.S. Identification Number
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
UNITED KINGDOM
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH --------------------------------------------------------------
8 SHARED VOTING POWER
315,000
--------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
315,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
315,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES /X/
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
================================================================================
--------------------------------- ------------------------------
CUSIP No. 589354109 13D Page 4 of 20 Pages
--------------------------------- ------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
J O Hambro Capital Management Limited
No I.R.S. Identification Number
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
UNITED KINGDOM
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH --------------------------------------------------------------
8 SHARED VOTING POWER
315,000
--------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
315,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
315,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES /X/
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IA
================================================================================
--------------------------------- ------------------------------
CUSIP No. 589354109 13D Page 5 of 20 Pages
--------------------------------- ------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
American Opportunity Trust plc
No I.R.S. Identification Number
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
UNITED KINGDOM
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH --------------------------------------------------------------
8 SHARED VOTING POWER
315,000
--------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
315,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
315,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES /X/
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IV
================================================================================
--------------------------------- ------------------------------
CUSIP No. 589354109 13D Page 6 of 20 Pages
--------------------------------- ------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Christopher Harwood Bernard Mills
No I.R.S. Identification Number
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
UNITED KINGDOM
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH --------------------------------------------------------------
8 SHARED VOTING POWER
472,400
--------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
472,400
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
472,400
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
================================================================================
--------------------------------- ------------------------------
CUSIP No. 589354109 13D Page 7 of 20 Pages
--------------------------------- ------------------------------
STATEMENT ON SCHEDULE 13D
The following constitutes the initial Schedule 13D filed by Acquisitor
Holdings (Bermuda) Ltd., J O Hambro Capital Management Group Limited, J O Hambro
Capital Management Limited, American Opportunity Trust plc and Christopher H.B.
Mills. The Schedule 13D is referred to as "Schedule 13D".
Item 1. Security and Issuer.
This statement relates to shares (the "Shares") of the Common
Stock, par value $0.01 per share ("Common Stock"), of Mercury Air Group, Inc.
(the "Issuer"). The principal executive offices of the Issuer are located at
5456 McConnell Avenue, Los Angeles, CA 90066.
Item 2. Identity and Background.
Items 2(a), 2(b), 2(c) and 2(f). Filing Parties.
This Statement is filed on behalf of the following persons or entities,
who are collectively referred to as the "Filing Parties":
1) Acquisitor Holdings (Bermuda) Ltd., a company incorporated in Bermuda
(the "Acquisitor"), with a business address of Clarendon House, 2 Church Street,
Hamilton HM 11, Bermuda. Acquisitor was formed in 2002 and endeavors to achieve
a high rate of capital growth for its shareholders by acquiring significant
holdings in companies which the members of its Board of Directors consider to be
fundamentally sound but which are valued at a discount to the Directors'
estimate of their private market value. Acquisitor is managed by its Board of
Directors.
2) J O Hambro Capital Management Group Limited ("Group") is a corporation
organized under the laws of England with its principal office and business at
Ryder Court, 14 Ryder Street, London SW1Y 6QB England. Group functions as the
ultimate holding company for J O Hambro Capital Management Limited.
3) J O Hambro Capital Management Limited ("J O Hambro Capital
Management"), formerly named J O Hambro & Partners Limited, is a corporation
organized under the laws of England with its principal office and business at
Ryder Court, 14 Ryder Street, London SW1Y 6QB England. J O Hambro Capital
Management is principally engaged in the business of investment management and
advising. It serves as co-investment adviser to North Atlantic Smaller Companies
Investment Trust plc ("NASCIT") and American Opportunity Trust and as investment
adviser to Oryx International Growth Fund Limited ("Oryx") and investment
manager to certain private clients. J O Hambro Capital Management is a
subsidiary of Group.
4) American Opportunity Trust plc ("American Opportunity Trust"), formerly
named Leveraged Opportunity Trust plc, is a corporation organized under the laws
of England with its principal office and business at Ryder Court, 14 Ryder
Court, London SW1Y 6QB England. American Opportunity Trust is a publicly-held
investment trust company. Christopher Harwood Bernard Mills and J O Hambro
Capital Management serve as co-investment advisers to American Opportunity
Trust.
--------------------------------- ------------------------------
CUSIP No. 589354109 13D Page 8 of 20 Pages
--------------------------------- ------------------------------
5) Christopher Harwood Bernard Mills is a British citizen whose business
address is Ryder Court, 14 Ryder Street, London SW1Y 6QB England. His principal
employment includes service as executive director of NASCIT and American
Opportunity Trust, as a director of Group, J O Hambro Capital Management, Oryx,
Acquisitor plc and Acquisitor, and as co-investment adviser to NASCIT and
American Opportunity Trust.
Executive Officers and Directors:
In accordance with the provisions of General Instruction C to Schedule
13D, information concerning the executive officers and directors of the Filing
Parties which are corporations are included in Schedule A hereto and is
incorporated by reference herein.
Item 2(d) Criminal Proceedings.
During the last five years, neither the Filing Parties (or a
controlling entity thereof) nor any executive officer or director of any of the
Filing Parties (or a controlling entity thereof) has been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors).
Item 2(e) Civil Securities Law Proceedings.
During the last five years, neither the Filing Parties (or a
controlling entity thereof) nor any executive officer or director of any of the
Filing Parties (or a controlling entity thereof) has been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and as
a result of such proceeding was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with
respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
The aggregate purchase price of the 157,400 shares of Common Stock
beneficially held by Acquisitor is $485,468. All of the shares of Common Stock
beneficially held by Acquisitor were paid for using its working capital.
The aggregate purchase price of the 315,000 shares of Common Stock
beneficially held by American Opportunity Trust is $1,036,157. All of the
shares of Common Stock beneficially held by American Opportunity Trust were
paid for using its working capital.
Item 4. Purpose of the Transaction.
The Filing Parties believe that the shares of Common Stock of the
Issuer are undervalued and represent an attractive investment opportunity. They
presently have no plans or proposals which would relate to or result in any of
the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D
except as set forth herein. The Filing Parties intend to have open
communications with the Issuer's management in order to monitor their efforts to
increase stockholder value. Depending on various factors including, without
limitation, the Issuer's financial position and investment strategy, the price
levels of the shares of Common Stock, conditions in the securities markets and
general economic and industry conditions, the Filing Parties may in the future
take such actions with respect to their investment in the Issuer as they deem
appropriate, including without limitation purchasing additional shares of Common
Stock in the open market or otherwise, seeking to elect a slate of directors to
the Issuer's board of directors or presenting proposals for stockholders'
consideration at an annual or special meeting of the Issuer's stockholders. The
Filing Parties may also sell some or all of their shares of Common Stock in the
open market or through
--------------------------------- ------------------------------
CUSIP No. 589354109 13D Page 9 of 20 Pages
--------------------------------- ------------------------------
privately negotiated transactions, or change their intention with respect to
any and all matters referred to in this Item 4.
Item 5. Interest in Securities of the Issuer.
Items 5(a) and 5(b)
The Filing Parties may be deemed to beneficially own an aggregate of
472,400 shares of Common Stock (which constitutes approximately 7.34% of
the outstanding shares of Common Stock of the Issuer). The aggregate number
and percentage of the outstanding shares of Common Stock of the Issuer
beneficially owned (i) by each of the Filing Parties, and (ii) to the knowledge
of the Filing Parties, by each other person who may be deemed to be a
member of a group associated with any of the Filing Parties for purposes of
Section 13(d) of the Act is as follows:
Filing Party Aggregate Number/Percent* of Number/Percent* of
Number of Shares: Shares:
Shares Sole Power to Vote Shared Power to Vote
Acquisitor Holdings 157,400 157,400/2.44% 0/0%
(Bermuda) Ltd.
J O Hambro Capital 315,000 0/0% 315,000/4.89%
Management Group
Limited
J O Hambro Capital 315,000 0/0% 315,000/4.89%
Management
American Opportunity 315,000 0/0% 315,000/4.89%
Trust
Christopher H. B. 472,400 0/0% 472,400/7.34%
Mills
* Based on 6,439,999 shares of Common Stock outstanding as of November
12, 2002, as reported in the Issuer's Quarterly Report on Form 10-Q for the
quarterly period ended September 30, 2002.
--------------------------------- ------------------------------
CUSIP No. 589354109 13D Page 10 of 20 Pages
--------------------------------- ------------------------------
Item 5(c)
Within the last 60 days, the Filing Parties effected no transactions
in the Common Stock other than those set forth in the following table:
Date Filing Party Buy or Number of Price
Sell Shares (US$)
10/9/2002 American Opportunity Trust Buy 34,500 $ 3.15
11/4/2002 American Opportunity Trust Buy 15,000 $ 3.00
11/7/2002 American Opportunity Trust Buy 1,000 $ 3.00
11/8/2002 American Opportunity Trust Buy 8,000 $ 3.00
11/11/2002 American Opportunity Trust Buy 3,000 $ 2.98
11/12/2002 American Opportunity Trust Buy 77,700 $ 3.30
11/15/2002 American Opportunity Trust Buy 20,300 $ 3.35
11/26/2002 American Opportunity Trust Buy 25,000 $ 3.00
11/27/2002 American Opportunity Trust Buy 50,500 $ 3.00
11/29/2002 American Opportunity Trust Buy 4,500 $ 3.01
12/2/2002 American Opportunity Trust Buy 10,000 $ 3.00
11/15/2002 Acquisitor Holdings (Bermuda) Ltd. Buy 20,900 $ 3.36
11/19/2002 Acquisitor Holdings (Bermuda) Ltd. Buy 10,000 $ 3.30
11/21/2002 Acquisitor Holdings (Bermuda) Ltd. Buy 50,000 $ 3.01
11/22/2002 Acquisitor Holdings (Bermuda) Ltd. Buy 46,500 $ 3.03
11/26/2002 Acquisitor Holdings (Bermuda) Ltd. Buy 25,000 $ 3.03
11/27/2002 Acquisitor Holdings (Bermuda) Ltd. Buy 5,000 $ 3.04
All transactions were made through purchases in the open market.
Item 5(d)
No person other than the Filing Parties is known to have the right to
receive, or the power to direct the receipt of dividends from, or proceeds
from the sale of, such shares of the Common Stock.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
As co-investment advisers to American Opportunity Trust, Christopher
Harwood Bernard Mills and J O Hambro Capital Management share the right to
transfer and vote the shares of Common Stock of the Issuer pursuant to an
agreement dated as of January 7, 1993 between American Opportunity Trust and J O
Hambro Capital Management.
Item 7. Material to be Filed as Exhibits.
The following documents are filed herewith or incorporated herein by
reference:
(a) Administration, Management and Custody Management Agreement dated
as of January 7, 1993 between J O Hambro Capital Management and American
Opportunity Trust.
(b) Joint Filing Agreement dated as of December 2, 2002 among
Acquisitor Holdings (Bermuda) Ltd., J O Hambro Capital Management Group Limited,
J O Hambro Capital Management Limited, American Opportunity Trust and
Christopher Harwood Bernard Mills.
--------------------------------- ------------------------------
CUSIP No. 589354109 13D Page 11 of 20 Pages
--------------------------------- ------------------------------
After reasonable inquiry and to the best of our knowledge and belief, we certify
that the information set forth in this Statement is true, complete and correct.
Dated: December 2, 2002
ACQUISITOR HOLDINGS (BERMUDA) LTD. J O HAMBRO CAPITAL MANAGEMENT GROUP
LIMITED
By: /s/ Duncan Soukup
--------------------------- By: /s/ R. G. Barrett
Name: Duncan Soukup ---------------------------
Title: Deputy Chairman Name: R. G. Barrett
Title: Director
J O HAMBRO CAPITAL MANAGEMENT LIMITED AMERICAN OPPORTUNITY TRUST PLC
By: J O Hambro Capital Management
By: /s/ R. G. Barrett Limited,
--------------------------- Its investment advisor
Name: R. G. Barrett
Title: Director
By: /s/ R. G. Barrett
---------------------------
Name: R. G. Barrett
Title: Director
/s/ Christopher Mills
-----------------------------
CHRISTOPHER MILLS
--------------------------------- ------------------------------
CUSIP No. 589354109 13D Page 12 of 20 Pages
--------------------------------- ------------------------------
SCHEDULE A
Information Concerning Directors and Executive Officers of the Filing Parties
The following table sets forth certain information concerning each of the
directors of Acquisitor Holdings (Bermuda) Ltd. as of the date hereof.
Name: Duncan Soukup
(Deputy Chairman)
Citizenship: British
Business Address: 118 E. 25TH Street, Eighth Floor
New York, New York 10010
USA
Principal Occupation: Deputy Chairman, Acquisitor Holdings (Bermuda)
Ltd.
Managing Director, Acquisitor plc
President and Chief Executive Officer, Lionheart
Group, Inc.
Managing Director, York Energy Ltd.
Name: Luke Oliver Johnson
(Director)
Citizenship: British
Business Address: Clarendon House
2 Church Street
Hamilton HM 11, Bermuda
Principal Occupation: Director, Acquisitor Holdings (Bermuda) Ltd.
Director, Acquisitor plc
Chairman, Signature Restaurants PLC
Name: John Stanislas Albert Radziwill
(Chairman)
Citizenship: British
Business Address: Clarendon House
2 Church Street
Hamilton HM 11, Bermuda
Principal Occupation: Chairman, Acquisitor Holdings (Bermuda) Ltd.
Chairman, Acquisitor plc
Chairman and Chief Executive Officer, York Energy
Ltd.
Director, Goldcrown Group Limited
Name: James Ozanne
(Non-Executive Director)
Citizenship: American
Business Address: Clarendon House
2 Church Street
Hamilton HM 11, Bermuda
Principal Occupation: Non-Executive Director, Acquisitor Holdings
(Bermuda) Ltd.
Principal, Greenrange Partners
Director and Chairman of the Underwriting
Committee, Financial Security Assurance
Name: Christopher Harwood Bernard Mills
(Non-Executive Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
--------------------------------- ------------------------------
CUSIP No. 589354109 13D Page 13 of 20 Pages
--------------------------------- ------------------------------
Principal Occupation: Non-Executive Director, Acquisitor plc
Non-Executive Director, Acquisitor Holdings
(Bermuda) Ltd.
Executive Director, NASCIT
Executive Director, American Opportunity Trust
Director, J O Hambro Capital Management
Name: Peter Melhado
(Non-Executive Director)
Citizenship: American
Business Address: Clarendon House
2 Church Street
Hamilton HM 11, Bermuda
Principal Occupation: Non-Executive Director, Acquisitor Holdings
(Bermuda) Ltd.
General Partner, Polaris Partners, L.P.
Name: Timothy James Carey Lovell
(Non-Executive Director and Assistant Company
Secretary)
Citizenship: British
Business Address: Clarendon House
2 Church Street
Hamilton HM 11, Bermuda
Principal Occupation: Non-Executive Director and Assistant Secretary,
Acquisitor Holdings
(Bermuda) Ltd.
The following table sets forth certain information concerning each of the
directors and executive officers of J O Hambro Capital Management Group Limited
("J O Hambro Group") as of the date hereof.
Name: James Daryl Hambro
(Chairman)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Chairman, J O Hambro Capital Management
Name: Christopher Harwood Bernard Mills
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Non-Executive Director, Acquisitor plc
Non-Executive Director, Acquisitor Holdings
(Bermuda) Ltd.
Executive Director, NASCIT
Executive Director, American Opportunity Trust
Director, J O Hambro Capital Management
--------------------------------- ------------------------------
CUSIP No. 589354109 13D Page 14 of 20 Pages
--------------------------------- ------------------------------
Name: Nichola Pease
(Director and Chief Executive)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director and Chief Executive, J O Hambro Capital
Management
Name: Basil Postan
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Name: Malcolm Robert King
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Name: Graham Warner
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Name: Robert George Barrett
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Name: Nicholas James Measham
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
--------------------------------- ------------------------------
CUSIP No. 589354109 13D Page 15 of 20 Pages
--------------------------------- ------------------------------
Name: Willem Vinke
Citizenship: Dutch
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
The following table sets forth certain information concerning each of the
directors and executive officers of J O Hambro Capital Management Limited ("J O
Hambro Capital Management") as of the date hereof.
Name: James Daryl Hambro
(Managing Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Managing Director, J O Hambro Capital
Management
Name: Christopher Harwood Bernard Mills
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Non-Executive Director, Acquisitor plc
Non-Executive Director, Acquisitor Holdings
(Bermuda) Ltd.
Executive Director, NASCIT
Executive Director, American Opportunity
Trust
Director, J O Hambro Capital Management
Name: Malcolm Robert King
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Name: Nichola Pease
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director and Chief Executive, J O Hambro
Capital Management
--------------------------------- ------------------------------
CUSIP No. 589354109 13D Page 16 of 20 Pages
--------------------------------- ------------------------------
Name: Basil Postan
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Name: Robert George Barrett
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Name: Nicholas James Measham
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Principal Occupation: Director, J O Hambro Capital Management
Name: Willem Vinke
Citizenship: Dutch
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
The following table sets forth certain information concerning each of the
directors and executive officers of American Opportunity Trust plc ("American
Opportunity Trust") as of the date hereof.
Name: R. Alexander Hammond-Chambers
(Chairman)
Citizenship: British
Business Address: 29 Rutland Square
Edinburgh
EH1 2BW
Principal Occupation: Non-executive director
Name: Christopher Harwood Bernard Mills
Citizenship: British
Business Address: Ryder Court
14 Ryder Street
London SW1Y 6QB
England
--------------------------------- ------------------------------
CUSIP No. 589354109 13D Page 17 of 20 Pages
--------------------------------- ------------------------------
Principal Occupation: Non-Executive Director, Acquisitor plc
Non-Executive Director, Acquisitor Holdings
(Bermuda) Ltd.
Executive Director, American Opportunity
Trust
Executive Director, NASCIT
Director, J O Hambro Capital Management
Name: John Gildea
(Director)
Citizenship: USA
Business Address: Gildea Management Company/1/
115 East Putnam Avenue
3rd Floor
Greenwich, Connecticut 06830
Principal Occupation: President, Gildea Management Company
Name: The Hon. James J. Nelson
(Director)
Citizenship: British
Business Address: Foreign & Colonial Ventures/2/
4th Floor
Berkeley Square House
Berkeley Square
London W1X 5PA
England
Principal Occupation: Director, Foreign & Colonial Ventures
Name: Iain Tulloch
(Director)
Citizenship: British
Business Address: Murray Johnstone Ltd./3/
7 West Nile Street
Glasgow G2 2PX
Scotland
Principal Occupation: Director, Murray Johnstone Ltd.
Name: Philip Ehrman
(Director)
Citizenship: British
Business Address: Gartmore Investment Management Ltd./4/
Gartmore House
16-18 Monument Street
London EC3R 8AJ
England
Principal Occupation: Investment Manager, Gartmore Investment
Management Ltd.
-----------------------
1 Gildea Management Company is principally engaged in the investment
management business.
2 Foreign & Colonial Ventures is principally engaged in the investment
management business.
3 Murray Johnstone Ltd. is principally engaged in the investment
management business.
4 Gartmore Investment Management Limited is principally engaged in the
investment management business.
--------------------------------- ------------------------------
CUSIP No. 589354109 13D Page 18 of 20 Pages
--------------------------------- ------------------------------
Exhibit Index
The following documents are filed herewith or incorporated herein by reference:
----------------------------------------------------- ----------------------------
Exhibit Page
----------------------------------------------------- ----------------------------
(a) Administration, Management and Custody Incorporated by reference to
Management Agreement dated as of January 7, 1993 Exhibit (a) of the Schedule
between J O Hambro Capital Management and American 13D Amendment No. 1 filed on
Opportunity Trust. February 20, 2001 by
Acquisitor plc and the other
parties thereto with respect
to Colorado MEDtech Inc.
----------------------------------------------------- ----------------------------
(b) Joint Filing Agreement dated as of 19
December 2, 2002 among Acquisitor Holdings (Bermuda)
Ltd., J O Hambro Capital Management Group Limited, J
O Hambro Capital Management Limited, American
Opportunity Trust, Christopher H. B. Mills.
----------------------------------------------------- ----------------------------
--------------------------------- ------------------------------
CUSIP No. 589354109 13D Page 19 of 20 Pages
--------------------------------- ------------------------------
JOINT FILING AGREEMENT
By and between
ACQUISITOR HOLDINGS (BERMUDA) LTD.
J O HAMBRO CAPITAL MANAGEMENT GROUP LIMITED
J O HAMBRO CAPITAL MANAGEMENT LIMITED
AMERICAN OPPORTUNITY TRUST PLC
and
CHRISTOPHER H. B. MILLS
As of December 2, 2002
--------------------------------- ------------------------------
CUSIP No. 589354109 13D Page 20 of 20 Pages
--------------------------------- ------------------------------
JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule 13D dated December
2, 2002 with respect to the shares of common stock, $0.01 par value, of Mercury
Air Group, Inc. and any further amendments thereto executed by each or any of
us shall be filed on behalf of each of us pursuant to and in accordance with
the provisions of Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of
1934, as amended.
This Agreement may be executed in separate counterparts, each of which shall be
deemed an original, but all of which shall constitute one and the same
instrument.
Date: December 2, 2002
ACQUISITOR HOLDINGS (BERMUDA) LTD. J O HAMBRO CAPITAL MANAGEMENT GROUP
LIMITED
By: /s/ Duncan Soukup
--------------------------- By: /s/ R. G. Barrett
Name: Duncan Soukup ---------------------------
Title: Deputy Chairman Name: R. G. Barrett
Title: Director
J O HAMBRO CAPITAL MANAGEMENT LIMITED AMERICAN OPPORTUNITY TRUST PLC
By: J O Hambro Capital Management
Limited,
By: /s/ R. G. Barrett Its investment advisor
---------------------------
Name: R. G. Barrett
Title: Director By: /s/ R. G. Barrett
---------------------------
Name: R. G. Barrett
Title: Director
/s/ Christopher H. B. Mills
-----------------------------
CHRISTOPHER H. B. MILLS