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ELECTROCHEMICAL INDUSTRIES (FRUTAROM) LTD. REPORTS ON EXERCISE OF THE COMPANY'S WARRANTS -- SERIES A

 ISRAEL, Sept. 7 /PRNewswire/ -- Electrochemical Industries (Frutarom) Ltd. (AMEX: EIF) today announced the following:
 Aug. 31, 1993 was the last day for EIF warrant holders to exercise 2,646,000 warrants -- Series A -- into shares as specified in the company's prospectus of June 25, 1989.
 1,788,254, warrant options, which constitute 67.6 percent of the total warrants issued have been exercised into IS 2,789,676 par value ordinary shares of EIF.
 The proceeds of exercising the warrants amounted to NIS 17,748,632 (nominal value).
 The company's current issued and paid share capital totals IS 26,189,776, par value.
 EIF wishes to express its gratitude to the public for its confidence in the company.
 -0- 9/7/93
 /CONTACT: Sefi Donner of Electrochemical Industries (Frutarom) Ltd., in Israel, 972-485-1497/
 (EIF)


CO: Electrochemical Industries (Frutarom) Ltd. ST: IN: CHM SU:

PS-TS -- NY016 -- 9188 09/07/93 08:56 EDT
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Publication:PR Newswire
Date:Sep 7, 1993
Words:152
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