Bonso Electronics Announces the Redemption of its Outstanding Warrants.HONG KONG--(BUSINESS WIRE)--July 22, 1998--Bonso Electronics International Inc. (NASDAQ/NMS:BNSOF; BNSWF) announced today that, effective Sept. 4, 1998 ("Redemption Date Redemption date The date on which a bond matures or is redeemed. redemption date The date on which a debt security is scheduled to be redeemed by the issuer. The redemption date is the scheduled maturity date or, if applicable, a call date. "), all outstanding Bonso Common Share Purchase Warrants will be redeemed at a redemption price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. nt holders are entitled to purchase from the company one share of Bonso Common Stock, par value $0.003 per share at an exercise price of $7.35 per share at any time on or before 5:00 p.m. Pacific Time on the Redemption Date. As reported F" through Sept. 1, 1998, the third day immediating to the common stock issuable upon exercise at all of the outstanding Warrants are exercised, the company will receive gross proceeds of $16,179,000 and net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of $15,562,519. Anthony So, chairman and provide the company with the necessary capital to take advantage of multiple opportunities in the contract manufacturing arena as well as providing the means to ramp upomprehensive line of electronic scales and weighoom, kitchen, office, jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. , laboratory, pocket, postal, industrial and parcel scales that are used in consumer, commercial and industrial applications. The company's electronic consumer and healthcare products include electronic therm therm (therm) a unit of heat. The word has been used as equivalent to (a) large calorie; (b) small calorie; (c) 1000 large calories; (d) 100,000 British thermal units. 95: The statements which are not historical factancial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Seet.net Media contact: Annie Truncale, media@insidewallstreet.com 407/682-2001 KEYWORD: FLORIDA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED ComEd Commonwealth Edison COMED Combined Map and Electronic Display |
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