UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
Under
the Securities Exchange Act of 1934
Credicorp
Ltd.
(Name of
Issuer)
Common
Shares
(Title of Class of Securities)
G2519Y
10 8
(CUSIP Number)
N/A
(Date of Event Which Requires Filing of this Statement)
Check
the appropriate box to designate the rule pursuant to which this Schedule is
filed:
o Rule
13d-1(b)
o Rule
13d-1(c)
x Rule
13d-1(d)
* 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 the disclosures provided in a
prior cover page.
The
information required in 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).
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1
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Names
of Reporting Persons/I.R.S. Identification Nos. of Above Persons (Entities
Only)
Atlantic
Security Holding Corporation
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2
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Check
the Appropriate Box if a Member of a Group
(a) : o
(b) :
o
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3
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SEC
Use Only
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4
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Citizenship
or Place of Organization
Cayman
Islands
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
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5
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Sole
Voting Power
14,620,845
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|
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6
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Shared
Voting Power
4,149,763
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7
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Sole
Dispositive Power
14,620,845
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8
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Shared
Dispositive Power
0
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9
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Aggregate
Amount Beneficially Owned by Each Reporting Person
18,770,608
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10
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Check
if the Aggregate Amount in Row (9) Excludes Certain Shares
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11
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Percent
of Class Represented by Amount in Row (9)
19.89%
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12
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Type
of Reporting Person
(See Instructions)
CO
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Item
1(a).
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Name
of Issuer:
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Credicorp
Ltd.
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Item
1(b).
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Address
of Issuer’s Principal Executive
Offices:
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Clarendon
House
Church
Street
Hamilton
HM11 Bermuda
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Item
2(a).
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Name
of Persons Filing:
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Atlantic
Security Holding Corporation
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Item
2(b).
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Address
of Principal Business Office or if None,
Residence:
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Atlantic
Security Holding Corp.
Calle
50 y Aquilino de la Guardia
Torre
Banco Continental Pisos 28 29
Panama,
Republic of Panama
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Item
2(c).
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Citizenship:
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See
Item 4 on Page 2
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Item
2(d).
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Title
of Class of Securities:
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Common Shares
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Item
2(e).
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Cusip
Number:
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G2519Y 10 8
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Item
3.
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If
this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check
whether the person filing is a:
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Not
Applicable.
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(a)
o
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Broker
or dealer registered under Section 15 of the Act (15 U.S.C.
78o)
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(b) o
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Bank
as defined in Section 3(a)(6) of the Act (15 U.S.C.
78c)
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(c) o
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Insurance
Company as defined in Section 3(a)(19) of the Act (15 U.S.C.
78c)
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(d) o
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Investment
company registered under Section 8 of the Investment Company Act of 1940
(15 U.S.C. 80a-8)
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(e) o
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An
investment adviser in accordance with
§240.13d-1(b)(1)(ii)(E)
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(f) o
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An
employee benefit plan or endowment fund in accordance with
§240.13d-1(b)(1)(ii)(F)
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(g) o
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A
parent holding company or control person in accordance with
§240.13d-1(b)(ii)(G)
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(h) o
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A
savings associations as defined in Section 3(b) of
the Federal Deposit Insurance Act
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(i) o
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A
church plan that is excluded from the definition of an investment company
under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C.
80a-3)
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(j) o
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Group,
in accordance with
§240.13d-1(b)(1)(ii)(J)
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Item
4.
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Ownership
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(a)
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Amount
Beneficially Owned:
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See Item
9 on Page 2
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(b)
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Percent
of Class:
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See Item
11 on Page 2
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(c)
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Number
of shares as to which such person
has:
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(i)
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Sole
power to vote or to direct the
vote:
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See Item
5 on Page 2
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(ii)
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Shared
power to vote or to direct the
vote:
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See Item
6 on Page 2.
The
information in Items 6, 9 and 11 above include 4,149,763 shares held by ASHC’s
subsidiary, Atlantic Security Bank (ASB). These 4,149,763 shares are
held by ASB on behalf of clients as part of the Private Banking Services that
ASB provides, and which shares are purchased or sold based on client
instruction. Clients can decide at any time to exercise their voting power in
any Shareholders’ Meeting. ASB does not have the power to dispose of
these shares. Because the shares are held by ASB on behalf of
clients, which have the power to vote the shares, ASHC disclaims beneficial
ownership of the shares. The filing of this Schedule 13G by ASHC
should not be construed as an admission that ASHC is, for purposes of section
13(d) or 13(g) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), the beneficial owner of the 4,149,763 Credicorp shares held by ASB on
behalf of clients and included in this Schedule 13G.
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(iii)
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Sole
power to dispose or to direct the disposition
of:
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See Item
7 on Page 2
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(iv)
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Shared
power to dispose or to direct the disposition
of:
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See Item
8 on Page 2
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Item
5.
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Ownership
of Five Percent or Less of a Class
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Not
Applicable
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Item
6.
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Ownership
of More than Five Percent on Behalf of Another
Person
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See the explanation under Item
4(c)(ii), above.
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Item
7.
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Identification
and Classification of the Subsidiary which Acquired the Security Being
Reported on by the Parent Holding Company or Control
Person
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See the explanation under Item
4(c)(ii), above.
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Item
8.
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Identification
and Classification of Members of the
Group
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Not
Applicable
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Item
9.
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Notice
of Dissolution of Group
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Not
Applicable
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Item
10.
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Certification
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By
signing below, I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
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.
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February
16, 2010
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(Date)
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Atlantic
Security Holding Corporation
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By:
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/s/ Eduardo Montero | |
| Name: | Eduardo Montero | ||
| Title: | Authorized Signatory | ||