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
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THE WIDECOM GROUP INC.
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(Exact Name of Registrant as Specified in its Charter)
Ontario, Canada
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(State or Other Jurisdiction of Incorporation)
1-13589 98-0139939
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(Commission File Number) (IRS Employer Identification No.)
55 City Centre Drive, Suite 500, Mississauga, Ontario, Canada L5B 1M3
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(Address of Principal Executive Offices) (Zip Code)
(905) 566-0180
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(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, as described in the Press Release
attached as Exhibit A to this Form 8-K. In addition, the Registrant gave
notice to all registered warrantholders, and American Stock Transfer and
Trust Company that American Stock Transfer and Trust Company had been
removed as Warrant Agent for purposes of the warrants being called for
redemption, and that The First National Bank of Boston had been appointed
to such position.
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: February 10, 1997 /s/ RAJA S. TULI
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Raja S. Tuli, President and
Chief Executive Officer
Exhibit Index
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Exhibit No. Description Page No.
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20.2 Press Release 4
Exhibit 20.2
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FOR IMMEDIATE RELEASE TRADED: NASDAQ: WIDEF, WIDWF
FEBRUARY 10, 1997 BOSTON: WDE, WDEW
WIDECOM CALLS WARRANTS FOR REDEMPTION
MISSISSAUGA, ONTARIO, CANADA -- The WideCom Group Inc. announced
today that it is giving notice of the redemption, in full, of the 1,897,500
publicly-traded warrants (Nasdaq: "WIDWF"; BSE: "WDEW") issued in
connection with WideCom's public offering. The redemption will be
effective at 5:00 pm EST on March 13, 1997 (the "Redemption Date") at
which time WideCom will redeem all such then-outstanding warrants at a
price of $.10 per warrant.
Each of the warrants that are subject to redemption may, instead, be
exercised to purchase one share of WideCom's common stock at an exercise
price of $4.00 per share if properly exercised prior to the Redemption
Date.
WideCom also announced that it had appointed The First National Bank
of Boston as its warrant agent for the exercise of the warrants subject to
redemption. The address for all correspondence with Bank of Boston is 150
Royall Street, Canton, Massachusetts 02021; telephone: 617-575-2514;
telefax: 617-575-2500.
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) Registration Mark] facsimile machines,
engineering scanners and direct imaging plotters. WideCom distributes its
products directly through VARs, OEMs and distributors internationally.
