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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
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(Amendment No. 6)
INTEK GLOBAL CORPORATION
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE 458134 10 3
- ---------------------------------- ----------------------------------
(Title of class of securities) (CUSIP number)
HOWARD CHATZINOFF, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, N.Y. 10153
(212) 310 8000
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(Name, address and telephone number of person authorized to receive
notices and communications )
DECEMBER 22, 1998
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(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 {__}.
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
(Continued on following pages)
(Page 1 of 19 Pages)
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<TABLE>
<CAPTION>
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CUSIP No. 458134 10 3 13D Page 2 of 19
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<S> <C> <C>
1. NAME OF REPORTING PERSONS: SECURICOR COMMUNICATIONS LIMITED
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON: N/A
- ----------------- ---------------------------------------------------------------------------------- ---------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) {X}
(B) {_}
- ----------------- ---------------------------------------------------------------------------------- ---------------------
3. SEC USE ONLY
- ----------------- --------------------------------------------- ------------------------------------ ---------------------
4. SOURCE OF FUNDS 00
- ----------------- --------------------------------------------- ------------------------------------ ---------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) {_}
OR 2(e):
- ----------------- ---------------------------------------------------------------------------------- ---------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED KINGDOM
- ----------------- ------------------------------------------------------ -------------------- ----------------------------
7.
NUMBER OF SOLE VOTING POWER: 25,000,000
SHARES
------------ ----------------------------------------------- ------------------------
BENEFICIALLY 8. SHARED VOTING POWER: 0
OWNED BY
------------ ----------------------------------------------- ------------------------
EACH 9. SOLE DISPOSITIVE POWER: 25,000,000
REPORTING
PERSON WITH 10. SHARED DISPOSITIVE POWER: 0
- ------------------------------------ ------------ ----------------------------------------------- ------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 25,000,000
REPORTING PERSON:
- ----------------- ----------------------------------------------------------------------------------- --------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: {_}
- ----------------- ----------------------------------------------------------------------------------- --------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 59.1%
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14. TYPE OF REPORTING PERSON: CO
- ----------------- ----------------------------------------------------------------------------------- --------------------
<PAGE>
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CUSIP No. 458134 10 3 13D Page 3 of 19
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1. NAME OF REPORTING PERSONS: SECURICOR INTERNATIONAL LIMITED
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON: N/A
- ----------------- ---------------------------------------------------------------------------------- ---------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) {X}
(B) {_}
- ----------------- ---------------------------------------------------------------------------------- ---------------------
3. SEC USE ONLY
- ----------------- --------------------------------------------- ------------------------------------ ---------------------
4. SOURCE OF FUNDS 00
- ----------------- ---------------------------------------------------------------------------------- ---------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) {_}
OR 2(e):
- ----------------- ---------------------------------------------------------------------------------- ---------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED KINGDOM
- ------------------------------------ ------------ ----------------------------------------------- ------------------------
7.
NUMBER OF SOLE VOTING POWER: 937,042
SHARES
------------ ----------------------------------------------- ------------------------
BENEFICIALLY 8. SHARED VOTING POWER: 0
OWNED BY
------------ ----------------------------------------------- ------------------------
EACH 9. SOLE DISPOSITIVE POWER: 937,042
REPORTING
------------ ----------------------------------------------- ------------------------
PERSON WITH 10. SHARED DISPOSITIVE POWER: 0
- ----------------- ----------------------------------------------------------------------------------- --------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 937,042
REPORTING PERSON:
- ----------------- ----------------------------------------------------------------------------------- --------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: {_}
- ----------------- ----------------------------------------------------------------------------------- --------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.2%
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14. TYPE OF REPORTING PERSON: CO
- ----------------- ----------------------------------------------------------------------------------- --------------------
<PAGE>
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CUSIP No. 458134 10 3 13D Page 4 of 19
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1. NAME OF REPORTING PERSONS: SECURITY SERVICES PLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON: N/A
- ----------------- ---------------------------------------------------------------------------------- ---------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) {X}
(B) {_}
- ----------------- ---------------------------------------------------------------------------------- ---------------------
3. SEC USE ONLY
- ----------------- --------------------------------------------- ------------------------------------ ---------------------
4. SOURCE OF FUNDS N/A
- ----------------- ---------------------------------------------------------------------------------- ---------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) {_}
OR 2(e):
- ----------------- ---------------------------------------------------------------------------------- ---------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED KINGDOM
- ----------------- ------------------------------------------------------ -------------------- ----------------------------
7.
NUMBER OF SOLE VOTING POWER: 25,937,042
SHARES
------------ ----------------------------------------------- ------------------------
BENEFICIALLY 8. SHARED VOTING POWER: 0
OWNED BY
------------ ----------------------------------------------- ------------------------
EACH 9. SOLE DISPOSITIVE POWER: 25,937,042
REPORTING
------------ ----------------------------------------------- ------------------------
PERSON WITH 10. SHARED DISPOSITIVE POWER: 0
- ----------------- ---------------------------------------------------------------------------------- ---------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 25,937,042
REPORTING PERSON:
- ----------------- ----------------------------------------------------------------------------------- --------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: {_}
- ----------------- ----------------------------------------------------------------------------------- --------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 61.3%
- ----------------- ----------------------------------------------------------------------------------- --------------------
14. TYPE OF REPORTING PERSON: CO
- ----------------- ----------------------------------------------------------------------------------- --------------------
<PAGE>
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CUSIP No. 458134 10 3 13D Page 5 of 19
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1. NAME OF REPORTING PERSONS: SECURICOR GROUP LIMITED
(formerly known as Securicor
Group plc)
S.S. or I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON: N/A
- ----------------- ---------------------------------------------------------------------------------- ---------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) {X}
(B) {_}
- ----------------- ---------------------------------------------------------------------------------- ---------------------
3. SEC USE ONLY
- ----------------- --------------------------------------------- ------------------------------------ ---------------------
4. SOURCE OF FUNDS N/A
- ----------------- ---------------------------------------------------------------------------------- ---------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) {_}
OR 2(e):
- ----------------- ---------------------------------------------------------------------------------- ---------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED KINGDOM
- ----------------- ------------------------------------------------------ -------------------- ----------------------------
7.
NUMBER OF SOLE VOTING POWER: 25,937,042
SHARES
------------ ----------------------------------------------- ------------------------
BENEFICIALLY 8. SHARED VOTING POWER: 0
OWNED BY
------------ ----------------------------------------------- ------------------------
EACH 9. SOLE DISPOSITIVE POWER: 25,937,042
REPORTING
------------ ----------------------------------------------- ------------------------
PERSON WITH 10. SHARED DISPOSITIVE POWER: 0
- ----------------- ----------------------------------------------------------------------------------- --------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 25,937,042
REPORTING PERSON:
- ----------------- ----------------------------------------------------------------------------------- --------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: {_}
- ----------------- ----------------------------------------------------------------------------------- --------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 61.3%
- ----------------- ----------------------------------------------------------------------------------- --------------------
14. TYPE OF REPORTING PERSON: CO
- ----------------- ----------------------------------------------------------------------------------- --------------------
<PAGE>
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CUSIP No. 458134 10 3 13D Page 6 of 19
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1. NAME OF REPORTING PERSONS: SECURICOR PLC
S.S. or I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON: N/A
- ----------------- ---------------------------------------------------------------------------------- ---------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) {X}
(B) {_}
- ----------------- ---------------------------------------------------------------------------------- ---------------------
3. SEC USE ONLY
- ----------------- --------------------------------------------- ------------------------------------ ---------------------
4. SOURCE OF FUNDS N/A
- ----------------- ---------------------------------------------------------------------------------- ---------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) {_}
OR 2(e):
- ----------------- ---------------------------------------------------------------------------------- ---------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED KINGDOM
- ----------------- ------------------------------------------------------ -------------------- ----------------------------
7.
NUMBER OF SOLE VOTING POWER: 25,937,042
SHARES
------------ ----------------------------------------------- ------------------------
BENEFICIALLY 8. SHARED VOTING POWER: 0
OWNED BY
------------ ----------------------------------------------- ------------------------
EACH 9. SOLE DISPOSITIVE POWER: 25,937,042
REPORTING
------------ ----------------------------------------------- ------------------------
PERSON WITH 10. SHARED DISPOSITIVE POWER: 0
- ----------------- ----------------------------------------------------------------------------------- --------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 25,937,042
REPORTING PERSON:
- ----------------- ----------------------------------------------------------------------------------- --------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: {_}
- ----------------- ----------------------------------------------------------------------------------- --------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 61.3%
- ----------------- ----------------------------------------------------------------------------------- --------------------
14. TYPE OF REPORTING PERSON: CO
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</TABLE>
<PAGE>
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CUSIP No. 458134 10 3 13D Page 7 of 19
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This Amendment No. 6 amends and supplements the Statement on Schedule
13D filed with the Securities and Exchange Commission (the "Commission") by the
reporting persons named therein (the "Corporations") with respect to their
ownership of common stock, par value $0.01 per share (the "Common Stock"), of
Intek Global Corporation (the "Issuer"). Unless otherwise indicated, all
capitalized terms used herein shall have the meanings ascribed to them in such
Schedule 13D, as previously amended.
ITEM 2. IDENTITY AND BACKGROUND.
Item 2 is hereby amended to update all previously-filed information
regarding the directors and executive officers of the Corporations with the
following information:
(a) - (c) The name, business address and principal occupation or
employment of each of the directors and executive officers of each of the
Corporations is as follows:
<TABLE>
<CAPTION>
SECURICOR COMMUNICATIONS LIMITED ("SCL")
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Name and Principal Occupation
Business Address Position or Employment
- ---------------- -------- -------------
<S> <C> <C>
Bruce Brain Managing Director of SCL Managing Director of SCL
Sutton Park House
15 Carshalton Road
Sutton, Surrey SM1 4LD
United Kingdom
Nigel Griffiths LLB Director of SCL; Group Legal Group Legal Director and
Sutton Park House Director and Company Secretary Company Secretary of
15 Carshalton Road of Securicor plc Securicor plc
Sutton, Surrey SM1 4LD
United Kingdom
Professor Michael Norton Non-executive Director of SCL UK Government consultant
Sutton Park House
15 Carshalton Road
Sutton, Surrey SM1 4LD
United Kingdom
Christopher Shirtcliffe Director of SCL; Group Finance Group Finance Director of
Sutton Park House Director of Securicor plc Securicor plc
15 Carshalton Road
Sutton, Surrey SM1 4LD
United Kingdom
Robert Shiver Director of SCL Chief Executive Officer of
214 Carnegie Center Intek Global Corporation
Suite 304
Princeton, New Jersey
7
<PAGE>
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CUSIP No. 458134 10 3 13D Page 8 of 19
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Peter Stansfield Personnel Director of SCL Personnel Director of SCL
Sutton Park House
15 Carshalton Road
Sutton, Surrey SM1 4LD
United Kingdom
Philip Whitlock IT Director of SCL IT Director of SCL
Sutton Park House
15 Carshalton Road
Sutton, Surrey SM1 4LD
United Kingdom
Roger Wiggs Director of SCL; Group Chief Group Chief Executive of
Sutton Park House Executive of Securicor plc Securicor plc
15 Carshalton Road
Sutton, Surrey SM1 4LD
United Kingdom
Michael Wilkinson Finance Director of SCL; Finance Director,
Sutton Park House Finance Director, Communications Division of
15 Carshalton Road Communications Division of Securicor plc
Sutton, Surrey SM1 4LD Securicor plc
United Kingdom
<CAPTION>
SECURICOR INTERNATIONAL LIMITED ("SIL")
- ---------------------------------------
Name and Principal Occupation
Business Address Position or Employment
- ---------------- -------- -------------
<S> <C> <C>
Nigel Griffiths LLB Director of SIL; Group Legal Group Legal Director and
Sutton Park House Director and Company Secretary Company Secretary of Securicor
15 Carshalton Road of Securicor plc plc
Sutton, Surrey SM1 4LD
United Kingdom
Richard Hawkins Director of SIL; Finance Finance Director, Security
Sutton Park House Director, Security Services Services Division of Securicor
15 Carshalton Road Division of Securicor plc plc
Sutton, Surrey SM1 4LD
United Kingdom
Patrick Howes Director of SIL; Chief Chief Executive, Distribution
Sutton Park House Executive, Distribution Division of Securicor plc
15 Carshalton Road Division of Securicor plc
Sutton, Surrey SM1 4LD
United Kingdom
8
<PAGE>
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CUSIP No. 458134 10 3 13D Page 9 of 19
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Henry McKay Director of SIL; Chief Chief Executive, Security
Sutton Park House Executive, Security Services Services Division of Securicor
15 Carshalton Road Division of Securicor plc plc
Sutton, Surrey SM1 4LD
United Kingdom
Andrew Nicol Regional Director of SIL Regional Director of SIL
Sutton Park House
15 Carshalton Road
Sutton, Surrey SM1 4LD
United Kingdom
Christopher Shirtcliffe Director of SIL; Group Finance Group Finance Director of
Sutton Park House Director of Securicor plc Securicor plc
15 Carshalton Road
Sutton, Surrey SM1 4LD
United Kingdom
Roger Wiggs Director of SIL; Group Chief Group Chief Executive of
Sutton Park House Executive of Securicor plc Securicor plc
15 Carshalton Road
Sutton, Surrey SM1 4LD
United Kingdom
<CAPTION>
SECURITY SERVICES PLC ("SSP")
- -----------------------------
Name and Principal Occupation
Business Address Position or Employment
- ---------------- -------- -------------
<S> <C> <C>
Nigel Griffiths LLB Director of SSP; Group Legal Group Legal Director and
Sutton Park House Director and Company Secretary Company Secretary of Securicor
15 Carshalton Road of Securicor plc plc
Sutton, Surrey SM1 4LD
United Kingdom
Patrick Howes Director of SSP; Chief Chief Executive, Distribution
Sutton Park House Executive, Distribution Division of Securicor plc
15 Carshalton Road Division of Securicor plc
Sutton, Surrey SM1 4LD
United Kingdom
Henry McKay Director of SSP; Chief Chief Executive, Security
Sutton Park House Executive, Security Services Services Division of Securicor
15 Carshalton Road Division of Securicor plc plc
Sutton, Surrey SM1 4LD
United Kingdom
9
<PAGE>
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CUSIP No. 458134 10 3 13D Page 10 of 19
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Christopher Shirtcliffe Director of SSP; Group Finance Group Finance Director of
Sutton Park House Director of Securicor plc Securicor plc
15 Carshalton Road
Sutton, Surrey SM1 4LD
United Kingdom
Roger Wiggs Director of SSP; Group Chief Group Chief Executive of
Sutton Park House Executive of Securicor plc Securicor plc
15 Carshalton Road
Sutton, Surrey SM1 4LD United Kingdom
<CAPTION>
SECURICOR GROUP LIMITED ("SGL")
- -------------------------------
Name and Principal Occupation
Business Address Position or Employment
- ---------------- -------- -------------
<S> <C> <C>
Nigel Griffiths LLB Director of SGL; Group Legal Group Legal Director and
Sutton Park House Director and Company Secretary Company Secretary of Securicor
15 Carshalton Road of Securicor plc plc
Sutton, Surrey SM1 4LD
United Kingdom
Patrick Howes Director of SGL; Chief Chief Executive, Distribution
Sutton Park House Executive, Distribution Division of Securicor plc
15 Carshalton Road Division of Securicor plc
Sutton, Surrey SM1 4LD
United Kingdom
Henry McKay Director of SGL; Chief Chief Executive, Security
Sutton Park House Executive, Distribution Services Division of Securicor
15 Carshalton Road Division of Securicor plc plc
Sutton, Surrey SM1 4LD United Kingdom
Christopher Shirtcliffe Director of SGL; Group Finance Group Finance Director of
Sutton Park House Director of Securicor plc Securicor plc
15 Carshalton Road
Sutton, Surrey SM1 4LD
United Kingdom
Roger Wiggs Director of SGL; Group Chief Group Chief Executive of
Sutton Park House Executive of Securicor plc Securicor plc
15 Carshalton Road
Sutton, Surrey SM1 4LD
United Kingdom
10
<PAGE>
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CUSIP No. 458134 10 3 13D Page 11 of 19
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<CAPTION>
SECURICOR PLC
- -------------
Name and Principal Occupation
Business Address Position or Employment
- ---------------- -------- -------------
<S> <C> <C>
James Birrell Non-executive Director of Retired
Sutton Park House Securicor plc
15 Carshalton Road
Sutton, Surrey SM1 4LD
United Kingdom
Nigel Griffiths LLB Group Legal Director and Group Legal Director and
Sutton Park House Company Secretary of Securicor Company Secretary of Securicor
15 Carshalton Road plc plc
Sutton, Surrey SM1 4LD
United Kingdom
Patrick Howes Chief Executive, Distribution Chief Executive, Distribution
Sutton Park House Division of Securicor plc Division of Securicor plc
15 Carshalton Road
Sutton, Surrey SM1 4LD
United Kingdom
Sir Peter Imbert Non-executive Director of Retired
Sutton Park House Securicor plc
15 Carshalton Road
Sutton, Surrey SM1 4LD
United Kingdom
Jonathan Kitchen Non-executive Director of Retired
Sutton Park House Securicor plc
15 Carshalton Road
Sutton, Surrey SM1 4LD
United Kingdom
Sir David MacFarlane Non-executive Chairman of Non-executive Chairman of
Sutton Park House Securicor plc Securicor plc
15 Carshalton Road
Sutton, Surrey SM1 4LD
United Kingdom
Henry McKay Chief Executive, Security Chief Executive, Security
Sutton Park House Services Division of Securicor Services Division of Securicor
15 Carshalton Road plc plc
Sutton, Surrey SM1 4LD
United Kingdom
11
<PAGE>
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CUSIP No. 458134 10 3 13D Page 12 of 19
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Christopher Shirtcliffe Group Finance Director of Group Finance Director of
Sutton Park House Securicor plc Securicor plc
15 Carshalton Road
Sutton, Surrey SM1 4LD
United Kingdom
Roger Wiggs Group Chief Executive of Group Chief Executive of
Sutton Park House Securicor plc Securicor plc
15 Carshalton Road
Sutton, Surrey SM1 4LD
United Kingdom
</TABLE>
(d) - (e) During the last five years, to the knowledge of the
Corporations, none of the directors and executive officers identified pursuant
to paragraphs (a) - (c) of this Item 2, have been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or was a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which such individual 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.
(f) To the knowledge of the Corporations, Robert Shiver is a citizen of
the United States and all other individuals identified in paragraphs (a) - (c)
of this Item 2 are citizens of the United Kingdom.
ITEM 4. PURPOSE OF THE TRANSACTION.
Item 4 is hereby amended and supplemented by the addition of the
following information:
(a) SCL will acquire additional shares of Common Stock in the event
that it elects to convert loans made by it to the Issuer pursuant to the
Convertible Debt Facility described in Item 6 below.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Item 6 is hereby amended and supplemented by the addition of the
following information:
On December 22, 1998, the Issuer announced that it had agreed with SCL
the terms of a $25 million convertible subordinated debt facility to be extended
by SCL to the Issuer (the "Convertible Debt Facility"). Loans provided under the
Convertible Debt Facility will accrue interest at the rate of 11.5% per annum,
payable quarterly in cash or in kind at the Issuer's discretion, and will mature
on December 31, 1999. Loans outstanding under the Convertible Debt Facility are
convertible at any time at SCL's discretion into Common Stock on the terms set
forth in the Term Sheet filed herewith as Exhibit 1.
12
<PAGE>
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CUSIP No. 458134 10 3 13D Page 13 of 19
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Reference is hereby made to the Term Sheet filed herewith as Exhibit 1
which sets out the agreed terms of the Convertible Debt Facility. Securicor and
the Issuer have agreed to enter into definitive documentation evidencing the
Convertible Debt Facility as soon as practical.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
The following are filed herewith as exhibits to this Schedule 13D.
1. Term Sheet relating to the $25 Million Convertible Debt Facility.
13
<PAGE>
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CUSIP No. 458134 10 3 13D Page 14 of 19
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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.
SECURICOR COMMUNICATIONS LIMITED
Date: December 22, 1998 By: /s/ Nigel Griffiths
-------------------------------
Name: Nigel Griffiths
Title: Director
14
<PAGE>
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CUSIP No. 458134 10 3 13D Page 15 of 19
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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.
SECURICOR INTERNATIONAL LIMITED
Date: December 22, 1998 By: /s/ Nigel Griffiths
-------------------------------
Name: Nigel Griffiths
Title: Director
15
<PAGE>
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CUSIP No. 458134 10 3 13D Page 16 of 19
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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.
SECURITY SERVICES PLC
Date: December 22, 1998 By: /s/ Nigel Griffiths
-------------------------------
Name: Nigel Griffiths
Title: Director and Secretary
16
<PAGE>
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CUSIP No. 458134 10 3 13D Page 17 of 19
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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.
SECURICOR GROUP LIMITED
Date: December 22, 1998 By: /s/ Nigel Griffiths
-------------------------------
Name: Nigel Griffiths
Title: Director and Secretary
17
<PAGE>
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CUSIP No. 458134 10 3 13D Page 18 of 19
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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.
SECURICOR PLC
Date: December 22, 1998 By: /s/ Nigel Griffiths
-------------------------------
Name: Nigel Griffiths
Title: Director and Secretary
18
<PAGE>
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CUSIP No. 458134 10 3 13D Page 19 of 19
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EXHIBIT INDEX
Exhibit No. Description Page No.
- ----------- ----------- --------
1. Term Sheet for $25 Million Convertible
Debt Facility
19
EXHIBIT 1
INTEK GLOBAL CORPORATION
------------------------
TERM SHEET - $25 MILLION CONVERTIBLE LOAN
-----------------------------------------
- ------------------------------- ------------------------------------------------
Facility: Convertible Subordinated Debt Facility
- ------------------------------- ------------------------------------------------
Lender: Securicor Communications Limited
- ------------------------------- ------------------------------------------------
Borrower: Intek Global Corporation
- ------------------------------- ------------------------------------------------
Ranking: Subordinate to senior indebtedness
- ------------------------------- ------------------------------------------------
Principal Amount: $25 million
- ------------------------------- ------------------------------------------------
Term: Due and payable on December 31, 1999
- ------------------------------- ------------------------------------------------
Coupon: 11.5% payable quarterly in cash or in kind at
Intek's discretion
- ------------------------------- ------------------------------------------------
Facility Draw Down: Intek may draw down on the facility in
increments of $2.5 million.
Advance notification to Securicor of planned
draw downs on the facility will be made at
regular monthly intervals.
- ------------------------------- ------------------------------------------------
Conversion Prices: Outstanding debt is convertible at any time at
Securicor's discretion into Intek common stock
at various fixed Conversion Prices.
Conversion Prices will be set as follows:
a) First $12.5 million aggregate drawn -
Conversion price set at the average Intek
closing price for the last 20 trading days prior
to the date this facility is approved by the
Board of Intek (December 16, 1998). (This date
will be prior to completion of legal
agreements).
b) Subsequent drawdowns -
Conversion price set at the average Intek
closing price for the last 20 trading days prior
to the date of each drawdown on the facility.
- ------------------------------- ------------------------------------------------
Prepayment: Intek may prepay in amounts of $500,000 or
greater at its option.
Prepayments will be allocated to specific
facility draw downs at Securicor's discretion.
In the event of prepayments, Securicor can
choose to receive either (i) cash or (ii) Intek
common shares equal to the prepayment amount
divided by the applicable Conversion Prices.
- ------------------------------- ------------------------------------------------
