SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15 (d) of
The Securities Act of 1934
Date of Report (date of earliest event reported): February 10, 1997
THE WIDECOM GROUP INC.
(Exact Name of Registrant as Specified in its Charter)
Ontario, Canada
(State or Other Jurisdiction of Incorporation)
1-13589 98-0139939
(Commission File Number) (IRS Employer Identification No.)
55 City Centre Drive, Suite 500, Mississauga, Ontario, Canada L5B 1M3
(Address of Principal Executive Offices) (Zip Code)
(905) 566-0180
(Registrant's Telephone Number, Including Area Code)
INFORMATION TO BE INCLUDED IN FORM 8-K
Item 1. Change in Control of Registrant -- Not Applicable
Item 2. Acquisition or Disposition of Assets -- Not Applicable
Item 3. Bankruptcy or Receivership -- Not Applicable
Item 4. Changes in Registrant's Certifying Accountant -- Not Applicable
Item 5. Other Events.
On February 10, 1997, the Registrant announced that it was calling for
redemption of all of the publicly-traded warrants issued in connection with
its initial public offering. On April 10, 1997, the company announced that
the Warrant Redemption Program was complete, that more than half the
warrants had been exercised, and that no warrants would be redeemed, all as
described in the Press Release attached as Exhibit A to this Form 8-K.
Item 6. Resignation of Registrant's Directors -- Not Applicable
Item 7. Financial Statements and Exhibits -- Not Applicable
Item 8. Change in Fiscal Year -- Not Applicable
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
The WideCom Group, Inc.
Dated: April 30, 1997 /s/ Raja S. Tuli
Raja S. Tuli, President and
Chief Executive Officer
Exhibit Index
Exhibit No. Description Page No.
20.3 Press Release 4
Exhibit 20.3
FOR IMMEDIATE RELEASE TRADED: NASDAQ: WIDEF, WIDWF
APRIL 10, 1997 BOSTON: WDE, WDEW
WIDECOM ANNOUNCES COMPLETION OF
WARRANT REDEMPTION PROGRAM
Mississauga, Ontario, Canada -- The WideCom Group Inc. announced
today that it had completed its warrant redemption program.
Pursuant to the redemption program, half of the Company's publicly-
traded warrants (Nasdaq: "WIDWF"; BSE: "WDEW") were tendered for exercise,
resulting in net proceeds to the Company of approximately $2.7 million.
None of the Company's publicly-trade warrants were, therefore, redeemed.
As previously announced, the remaining half of the Company's publicly-
traded warrants continue to trade in the market and the exercise price of
those warrants has reverted to $4.00 per share.
The WideCom Group Inc. designs, manufactures and markets high-speed, high-
performance, wide-format document management systems. WideCom's product
lines include its 36" WIDEfax(R) facsimile machines, engineering scanners and
direct imaging plotters. WideCom distributes its products directly through
VARs, OEMs and distributors internationally.
