<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDED AND RESTATED
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 29)*
Intek Global Corporation
_______________________________________________________________________________
(Name of Issuer)
Common Stock, par value $.01 per share
_______________________________________________________________________________
(Title of Class of Securities)
458134 10 3
______________________________
(CUSIP Number)
Robert Shiver
Chairman and Chief Executive Officer
Intek Diversified Corporation
970 West 190th Street, Suite 720
Torrance, California 90502
(310) 366-7335
_______________________________________________________________________________
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 14, 1997
(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 [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee
is not required only if the reporting person: (1) has a previous statement of
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 3d-(a) for other parties to whom copies are to be sent.
______________
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 ("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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_____________________ ____________________
CUSIP NO. 458134 10 3 13D PAGE 2 OF PAGES
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
S.S. OF I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Simmonds Capital Limited
_______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
_______________________________________________________________________________
3 SEC USE ONLY
_______________________________________________________________________________
4 SOURCE OF FUNDS*
WC; OO
_______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [ ]
_______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
_______________________________________________________________________________
7 SOLE VOTING POWER
3,943,383
NUMBER OF
SHARES ______________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH --
REPORTING
PERSON WITH ______________________________________________
9 SOLE DISPOSITIVE POWER
3,943,383
______________________________________________
10 SHARED DISPOSITIVE POWER
--
_______________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,943,383
_______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
_______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%
_______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
CO
_______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 458134 10 3
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SCHEDULE 13D
The Schedule 13D filed on March 7, 1994 (the "Schedule 13D") and amended on
March 29, 1994 ("Amendment No. 1"), on July 22, 1994 ("Amendment No. 2"), on
September 23, 1994 ("Amendment No. 3"), on April 10, 1995 ("Amendment No. 4"),on
May 10, 1995 ("Amendment No. 5"), on June 5, 1995 ("Amendment No. 6"), on June
9, 1995 ("Amendment No. 7"), on June 26, 1995 ("Amendment No. 8"), on July 10,
1995 ("Amendment No. 9"), on August 9, 1995 ("Amendment No. 10"), on November
27, 1995 ("Amendment No. 11"), on March 18, 1996 ("Amendment No. 12"), on April
8, 1996 ("Amendment No. 13"), on April 16, 1996 ("Amendment No. 14"), on April
23, 1996 ("Amendment No. 15"), on June 10, 1996 ("Amendment No. 16"), on June
27, 1996 ("Amendment No. 17"), on July 12, 1996 ("Amendment No. 18"), on
September 30, 1996 ("Amendment No. 19"), on October 15, 1996 ("Amendment No.
20"), on November 6 , 1996 ("Amendment No. 21"), as restated and amended on
November 30 , 1996 ("Amendment No. 22"), and as amended on December 27, 1996
("Amendment No. 23"), on January 21, 1997 ("Amendment No. 24"), on February 11,
1997 ("Amendment No. 25"), on February 14, 1997 ("Amendment No. 26"), on June
16, 1997 "Amendment No. 27"), and on December 11, 1997 "Amendment No. 28"), on
behalf of Simmonds Capital Limited ("SCL"), is hereby further amended as
follows:
Item 2. Identity and Background
-----------------------
The list of directors and officers of SCL is amended by deleting Robert A.
Donaldson.
Item 3. Source and Amount of Funds or Other Consideration
-------------------------------------------------
The second sentence of Item 3 of the Schedule 13D is amended by deleting the
sentence entirely and inserting the following:
After the exercise of a portion of the options to purchase 1,633,333 shares of
Common stock and the return of the unexercised options as described in
subparagraph (g) of this item 13D , and the disposition of 2,842,500 shares as
described in Item 5 subparagraphs (c), (h), (j), (k), (m), (n), (o), (q), (r),
(s) and (v) and the acquisition of 110,000 shares as described in subparagraph
(t) and (u)of this Schedule 13D, SCL is the beneficial owner of 3,943,383 shares
of Common Stock.
Item 5. Interest in Securities of the Issuer
------------------------------------
The first sentence of Item 5 of the Schedule 13D is amended by deleting the
reference therein to "4,295,883" and inserting in its stead "3,943,383".
Item 5 is further amended by inserting subparagraph (v) as follows:
(v) On March 11, 1998 SCL sold 352,500 shares of Common Stock to Intek in a
private transaction at a price of $2.75 per share, paid by $1.50 in cash and
the balance in a note due December 15, 1998. (See attached Exhibit T)
Item 5 is further amended by deleting the remainder of Item 5 and inserting the
following:
Of the persons listed in Item 2, the following beneficially own shares of
common Stock in the amounts indicated:
<TABLE>
<CAPTION>
Person Number of Shares Sole/Shared Voting Power
- ------ ---------------- ------------------------
<S> <C> <C>
John Simmonds 1,350 shares sole
</TABLE>
As of March 17, 1998, SCL beneficially owned 3,943,383 shares of Common
Stock.
<PAGE> 4
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth herein is true, complete and correct.
SIMMONDS CAPITAL LIMITED
March 18, 1998
(Date)
/s/ David C. O'Kell
_______________________________________________________
(Signature)
David C. O'Kell, Executive Vice President and Secretary
_______________________________________________________
(Name/Title)
<PAGE> 5
Exhibit T
CONTACTS: Louis J. Monari
Intek Global Corporation
(609) 419-1222 ext. 116
Ken Di Paola or Joel Pomerantz
The Dilenschneider Group
(212) 922-0900
INTEK GLOBAL REPURCHASES 352,500 SHARES
IN PRIVATE TRANSACTION
PRINCETON, N.J., March 16, 1998 -- Intek Global Corporation (NASDAQ:IGLC),
a rapidly growing provider of spectrum-efficient wireless technology, products
and services, said today that it has repurchased 352,500 common shares at $2.75
per share from Simmonds Capital Limited (TSE:SMM) in a private transaction.
Payment for the shares was made through a combination of cash and notes.
As previously announced, the board of directors had authorized management
to expend up to $1 million to acquire up to 1 percent of the company's
outstanding shares. To date, 184,500 shares have been purchased under that
program. The repurchase from SCL, part of a board-authorized expansion and
completion of that program, brings total shares repurchased to 537,000, at an
average price of $2.47 per share. Intek Global's shares closed Friday at $3.03
per share.
Intek Global Chairman and CEO Robert J. Shiver noted: "The timing and
pricing of this private sale is right in line with our repurchase program and
serves the economic interests of all shareholders."
Intek Global operates advanced wireless voice and data communications
systems and develops, manufactures, distributes and licenses wireless
communications technology and products. The company operates Business Radio
systems in the U.S. through its RoameR One(TM) subsidiary, the dominant 220 MHz
license holder in the
(more)
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U.S., with over 250 sites covering 120 markets. Another subsidiary, Midland
USA, is a leading distributor of Land Mobile Radio (LMR) products, manufactured
by the company and others, operating through a well-established base of
authorized dealers and resellers in the U.S. who also market RoameR One's
services.
In the U.K., Intek Global operates Radiocoms, a manufacturer of LMR
products utilizing Intek Global's proprietary, spectrum-efficient Linear
Modulation (LM) technology. Radiocoms also manufactures various radio systems,
products and components under contract to a number of other electronics
manufacturers and distributors. LM technology is a spectrum-efficient,
patented narrowband technology, which can overlay digital and analog radio
transmissions and provide up to a six-fold increase in a system's capacity. LM
technology was developed by the company's Linear Modulation Technology (LMT)
subsidiary, a leading engineering, research and development group, specializing
in developing cost-effective wireless technologies and products for use
throughout the world. LM technology is generally considered to offer the
fastest data rate capability available in trunked radio system technology.
Equipment Services Unit (ESU), another UK-based subsidiary of Intek Global,
operates wireless Business Radio networks and provides mobile radio systems
equipment, engineering, support and maintenance services.
# # # #
Safe Harbor statement under the Private Securities Litigation Reform Act of
1995: This release contains forward-looking statements that are subject to
risks and uncertainties, including, but not limited to, the impact of
competitive products and pricing, product demand and market acceptance,
reliance on key strategic alliances, fluctuations in operating results and
other risks detailed from time to time in the company filings with the
Securities and Exchange Commission.
