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M-SYSTEMS FLASH DISK PIONEERS LTD. ANNOUNCES REDEMPTION OF WARRANTS ON JULY 29

 TEL-AVIV, Israel, July 26 /PRNewswire/ -- M-Systems Flash Disk Pioneers Ltd. (NASDAQ: FLSHF, FLSWF) has issued a reminder that pursuant to the notice of redemption dated June 28, 1993, the company's warrants outstanding on July 29, 1993, will be redeemed, pursuant to the warrant agreement dated March 4, 1993.
 Each warrant entitles the holder to purchase one ordinary share (FLSHF) at the price of $8 per share. Warrants not exercised by 5 p.m. (New York City time) on July 28, 1993 will cease to be exercisable and the holder will be entitled only to the redemption price of 5 cents per warrant.
 American Stock Transfer and Trust Company serves as the company's transfer and warrant agent. Separate notices of redemption have been mailed to the warrant holders.
 M-Systems Flash Disk Pioneers Ltd. develops, manufactures and markets Flash disk solutions.
 -0- 7/26/93
 /CONTACT: Isaac Kagan or Stephen Jones of American Stock Transfer and Trust, 212-936-5100, or Dana Gross, VP - operations of M-Systems (Israel), 972-3-490-920/
 (FLSHF)


CO: M-Systems Flash Disk Pioneers Ltd. ST: IN: SU:

MP-CK -- NY060 -- 5705 07/26/93 12:52 EDT
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Publication:PR Newswire
Date:Jul 26, 1993
Words:184
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