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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
UNDER SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO.10)
--
Food Technology Service, Inc.
(formerly Vindicator, Inc.)
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(Name of Issuer)
Common Shares, $0.01 Par Value
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(Title of Class of Securities)
927341107
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(CUSIP Number)
David L. Nicholds, Esq.
MDS Nordion Inc.
447 March Road
Kanata, Ontario, Canada K2K 1X8
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
DECEMBER 14, 2000
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13D 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 pervious statement on
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 13d-1(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 13 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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SCHEDULE 13D
CUSIP NO. 927341107 PAGE 1 OF 5 PAGES
--------------------- -------- --------
(1) NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION OF ABOVE PERSON.
MDS Nordion Inc. (formerly Nordion International Inc.)
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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(3)
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(4) SOURCE OF FUNDS*
WC & Affiliate
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [ ]
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Ontario, Canada
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(7) SOLE VOTING POWER:
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER: 6,372,771
OWNED BY
EACH --------------------------------------------------------
REPORTING (9) SOLE DISPOSITIVE POWER:
PERSON WITH
--------------------------------------------------------
(10) SHARED DISPOSITIVE POWER: 6,372,771
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,372,771
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(12) CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 56.52%
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(14) TYPE OF REPORTING PERSON* CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13D
CUSIP NO. 927341107 PAGE 2 OF 5 PAGES
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(1) NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION OF ABOVE PERSON.
Laboratoires MDS Quebec Ltee
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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(3)
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(4) SOURCE OF FUNDS*
Affiliate
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [ ]
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Quebec, Canada
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(7) SOLE VOTING POWER:
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER: 6,372,771
OWNED BY
EACH --------------------------------------------------------
REPORTING (9) SOLE DISPOSITIVE POWER:
PERSON WITH
--------------------------------------------------------
(10) SHARED DISPOSITIVE POWER: 6,372,771
--------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,372,771
---------------------------------------------------------------------
(12) CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 56.52%
---------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON* CO
---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13D
CUSIP NO. 927341107 PAGE 3 OF 5 PAGES
--------------------- -------- --------
(1) NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION OF ABOVE PERSON.
MDS INC.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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(3)
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(4) SOURCE OF FUNDS*
WC & Affiliate
---------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [ ]
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
---------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Ontario, Canada
---------------------------------------------------------------------
(7) SOLE VOTING POWER:
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER: 6,372,771
OWNED BY
EACH --------------------------------------------------------
REPORTING (9) SOLE DISPOSITIVE POWER:
PERSON WITH
--------------------------------------------------------
(10) SHARED DISPOSITIVE POWER: 6,372,771
--------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,372,771
---------------------------------------------------------------------
(12) CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 56.52%
---------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON* CO
---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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<TABLE>
<S> <C>
Item 1. SECURITY AND ISSUER.
Shares of Common Stock, $0.01 par value
Food Technology Service, Inc.
502 Prairie Mine Road
Mulberry, Florida 33860 USA
Item 2. IDENTITY AND BACKGROUND
N/A
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
N/A
Item 4. PURPOSE OF TRANSACTION
Item 4 is hereby amended.
As confirmed by letter Agreement dated May 18, 2000
(previously filed) Food Technology Service, Inc.'s ("FTSI")
indebtedness to MDS Nordion Inc. ("Nordion") as at February 4,
2000 is in the amount of $963,194 (the "Debt"). The Debt is
convertible into shares at the conversion rate of 70% of the
closing price, on the last trade date, prior to the exercise
of the conversion right. Additionally, such Letter Agreement
provides that the right of conversion of interest on the Debt
accruing from February 5, 2000 to January 1, 2001, into shares
of FTSI, has been waived by Nordion. By letter Agreement dated
November 20, 2000, Nordion has extended its waiver of the
right of conversion of interest accruing on outstanding FTSI
indebtedness accruing from January 1, 2001 to January 1, 2002.
The drop in FTSI's share price has given rise to an increase
in the number of shares, to which Nordion would be
beneficially entitled if it exercised its right of conversion
of the Debt. Since the 13D Amendment 9, filed with the SEC in
November 2000, (which computed the amount of beneficially
owned shares based on the closing share price on November 20,
2000 i.e., 70% of $1.875 or $1.3125) the closing share price
of FTSI on December 14, 2000 decreased to $1.50. Seventy
percent (70%) thereof corresponds to a conversion price of
$1.05.
At the close of business on December 14, 2000, Nordion
beneficially owned 6,372,771 shares of stock, which
constitutes approximately 56.52% of the outstanding shares of
FTSI. The number of shares beneficially owned as of December
14, 2000 has been computed by aggregating (i) the number of
shares that Nordion actually owns; and (ii) the number of
shares into which Nordion could elect to convert the remaining
outstanding Debt on the basis of the closing price of December
14, 2000 (i.e., 70% of $1.50 or $1.05). As a result of the
transaction, the number of shares beneficially owned by
Nordion increased by 183,465 shares. Pursuant to publicly
available information 10,356,576 shares of Food Technology
Service, Inc. were issued and outstanding on December 14,
2000.
Item 5. INTEREST IN SECURITIES OF THE ISSUER
See Item 4.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDING OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
N/A
</TABLE>
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<TABLE>
<S> <C>
Item 7. MATERIALS TO BE FILED AS EXHIBITS
N/A
</TABLE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief
the undersigned certify that the information set forth in this statement is true
and correct.
Dated: December 15, 2000
MDS NORDION INC.,
By: /s/ David L. Nicholds
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Name: David L. Nicholds
Title: Vice President, General Counsel
MDS INC.,
By: /s/ Peter E. Brent
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Name: Peter E. Brent
Title: Senior Vice President & General Counsel
LABORATOIRES MDS QUEBEC LTEE.
By: /s/ Peter E. Brent
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Name: Peter E. Brent
Title: Vice President & Corporate Secretary
