SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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. 1)1
ISLAND PACIFIC, INC.
(Name of Issuer)
COMMON STOCK, $0.0001 PAR VALUE PER SHARE
(Title of Class of Securities)
464478106
(CUSIP Number)
Michael Robinson
Corporate Secretary and Group Legal Director
The Sage Group plc
Sage House
Benton Park Road
Newcastle upon Tyne NE7 7LZ, England
Telephone: +44 (191) 294 3000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copy to:
Marc R. Packer, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
525 University Avenue, Suite 1100
Palo Alto, CA 94301
Telephone: (650) 470-4500
November 14, 2003
(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: 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.
1 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 (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).
This Amendment No. 1 (the "Amendment No. 1") amends and
supplements the Schedule 13D originally filed with the Securities and Exchange
Commission on November 24, 2003 (the "Schedule 13D"), by The Sage Group plc, a
company organized under the laws of England, with respect to the shares of
common stock, $0.0001 par value per share, of Island Pacific, Inc. (formerly,
SVI Solutions, Inc.). Except as indicated in this Amendment No. 1, all other
information set forth in the Schedule 13D remains unchanged and capitalized
terms used herein which are not defined herein have the meanings set forth in
the Schedule 13D.
Item 4. Purpose of Transaction.
The date referred to in the third sentence of the fifth paragraph
of Item 4 of the Schedule 13D is hereby amended and corrected by replacing
"March 24, 2003" with "March 24, 2004."
Item 4 of the Schedule 13D is hereby further amended and
supplemented by adding the following sentence at the end of the fifth paragraph:
By agreement of the parties, such partial exercise of the option
granted pursuant to the Beck Option Agreement was satisfied by
the issuance by the Company, on September 17, 2003, of 500,000
shares of Common Stock constituting accrued dividends on the
Series A Preferred Stock in the names of various financial
institutions.
Item 5. Interest in Securities of the Issuer.
The number of shares of Series A Preferred Stock referred to in
clause (ii) of Item 5(a) - (b) of the Schedule 13D is hereby amended and
corrected by replacing "136,788" with "141,000".
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: March 1, 2004 The Sage Group plc
By: /s/ Paul Walker
______________________________
Name: Paul Walker
Title: Chief Executive Officer