kl09034.htm
 

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G

(Amendment No. 1)

Under the Securities Exchange Act of 1934*

Community Bankers Acquisition Corp.
(Name of Issuer)

Common Stock, 0.01 par value per share
(Title of Class of Securities)

20361R101 (Common Stock)
(CUSIP Number)

September 20, 2007
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨  Rule 13d-1(b)

þ  Rule 13d-1(c)

¨  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.
 

 
 
 
 
      
CUSIP No. 20361R101                                                                Page 2 of 6                
      
 
    


 
1
 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
 
Azimuth Opportunity, Ltd.
 
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ÿ
(b) ÿ
 
 
3
 
SEC USE ONLY
 
4
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
British Virgin Islands
 
NUMBER OF
 SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
5
 
SOLE VOTING POWER
 
539,990
 
6
 
SHARED VOTING POWER
 
0
 
7
 
SOLE DISPOSITIVE POWER
 
539,990
 
8
 
SHARED DISPOSITIVE POWER
 
0
 
9
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
539,990
 
10
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
ÿ
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
5.76%
 
12
 
TYPE OF REPORTING PERSON*
 
OO  (An international business company organized under the laws of the British Virgin Islands)
*SEE INSTRUCTIONS BEFORE FILLING OUT!
 

 
 
 
 
      
CUSIP No. 20361R101                                                                 Page 3 of 6                
      
 
    

Item 1.

(a)           Name of Issuer:

Community Bankers Acquisition Corp.  (the “Company”)

(b)           Address of Issuer's Principal Executive Offices:

717 King Street
Alexandria, VA, 22314

Item 2.

(a)           Name of Person Filing:

Azimuth Opportunity, Ltd.

(b)           Address of Principal Business Office or, if none, Residence:

Azimuth Opportunity, Ltd.
c/o WSmiths Finance
Nemours Chambers
P.O. Box 3170
Road Town, Tortola
British Virgin Islands

(c)           Citizenship:

British Virgin Islands

(d)           Title of Class of Securities:

Common Stock, 0.01 par value per share (“Common Stock”).

(e)           CUSIP Number:

20361R200 (Common Stock)



 
 
 
      
CUSIP No. 20361R101                                                                Page 4 of 6               
      
 
    
 

 
Item 3.    If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 
        Not applicable.

Item 4.   Ownership.
 
        The following is information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)       Amount beneficially owned:

As of the date of this filing, the Reporting Person beneficially owns 468,800 shares of Common Stock.

(b)       Percent of class:

5.76% of the Company's Common Stock, which percentage was calculated based on a figure of 9,375,000 shares of Common Stock outstanding as of June 30, 2007, as reported in the Company's Current Report on Form 10-Q dated as of August 14, 2007.

(c)       Number of shares as to which the person has:

(i)             Sole power to vote or to direct the vote: 539,990

(ii)            Shared power to vote or to direct the vote:  0

(iii)           Sole power to dispose or to direct the disposition of: 539,990

(iv)           Shared power to dispose or to direct the disposition of: 0

Item 5.    Ownership of Five Percent or Less of a Class
 
        Not applicable.

Item 6.    Ownership of More than Five Percent on Behalf of Another Person
 
        Not applicable.

Item 7.    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
 
        Not applicable.
 
 


 
 
 
      
CUSIP No. 20361R101                                                                Page 5 of 6               
      
 
    
 

 
Item 8.    Identification and Classification of Members of the Group
 
        Not applicable.

Item 9.    Notice of Dissolution of Group
 
        Not applicable.

Item 10.     Certification
 
        Certification pursuant to §240.13d-1(c):
 
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.
 



 
 
 
      
CUSIP No. 20361R101                                                                 Page 6 of 6               
      
 
    

 
 
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:  September 20, 2007

        AZIMUTH OPPORTUNITY, LTD.



        By: /s/ Deirdre M. McCoy              
               Name: Deirdre M. McCoy
       Title:   Corporate Secretary