Printer Friendly

MANAGEMENT TECHNOLOGIES, INC. TO BE RELISTED; EXERCISE PRICE OF WARRANTS

 NEW YORK, Feb. 26 /PRNewswire/ -- Management Technologies, Inc. (NASDAQ: MTCI MCTIW) has been informed by NASDAQ that the common stock and warrants will be relisted for trading as soon as possible.
 Management Technologies, Inc. today announced that, effective March 11, 1993, it will decrease the exercise price of its Class A and Class B warrants and increase the number of warrants as a result of anti- dilutive adjustments. The expiration date of the warrants will remain June 30, 1993.
 The Class A warrants are each exercisable for one share of the company's common stock and one Class B warrant, and the Class B warrants are each exercisable for one share of common stock. The per share exercise price will decrease from $1.92 to $1.79 for the Class A warrants and from $2.65 to $2.34 for the Class B warrants. The number of outstanding Class A warrants will increase for 2,750,000 to 3,025,00 and the number of outstanding Class B warrants authorized and available for issuance upon the exercise of Class A warrants.
 The prices at which the company may redeem the outstanding Class A and Class B warrants will also drop from $.023 to $.021 and from $0.22 to $0.19, respectively.
 Each warrant holder of record on March 11, 1993 will receive certificates representing the additional warrants to which the holder is entitled. Fractional warrants will not be issued.
 The company has instructed its warrant agent, American Stock Transfer & Trust Company, 40 Wall Street, 46th Floor, New York, N.Y. 10005, to mail a brief summary of the adjustments to each registered holder of a warrant as of Feb. 26, 1993.
 From Feb. 25, 1993 the company has moved to Bank of America Plaza, 335 Madison Avenue, New York, N.Y. 10017 and changed its telephone number to 212-557-0022.
 -0- 2/26/93
 /CONTACT: Management Technologies, Inc., investor relations, 212-557-0022/


CO: Management Technologies, Inc. ST: New York IN: SU:

TM-TS -- NY057 -- 1003 02/26/93 16:43 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 26, 1993
Words:338
Previous Article:CARCO AUTO LOAN MASTER TRUST SERIES 1993-1 RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --
Next Article:DUFF & PHELPS LOWERS HAWAIIAN ELECTRIC INDUSTRIES, INC. MEDIUM-TERM NOTES TO 'BBB+'
Topics:


Related Articles
MANAGEMENT TECHNOLOGIES EXTENDS CLASS A AND CLASS B WARRANTS, COMPLETES PRIVATE PLACEMENT OF $2.6 MILLION
MANAGEMENT TECHNOLOGIES TO DECREASE EXERCISE PRICE, INCREASE NUMBER OF WARRANTS
MANAGEMENT TECHNOLOGIES INC. DELETED FROM NASDAQ; COMPANY EXPECTS RE-LISTING SHORTLY
HEALTHCARE IMAGING SERVICES, INC. ANNOUNCES EXTENSION OF WARRANT EXERCISE PRICE REDUCTION PERIOD
GROUP INCLUDING ROBERT TRUMP INVESTS IN MANAGEMENT TECHNOLOGIES INC. FOR THE MARKETING OF ITS PRODUCTS; TRUMP TO ASSIST COMPANY IN PROMOTION
HEALTHCARE IMAGING SERVICES, INC. ANNOUNCES EXTENSION OF WARRANT EXERCISE PRICE REDUCTION PERIOD
BONSO ELECTRONICS INTERNATIONAL INC. ANNOUNCES ITS WARRANTS ARE RELISTED ON NASDAQ
Management Technologies Inc. (MTi) Announces Exercise Price of 'C' Warrants
Management Technologies Announces Revised Exercise Price of 'C' Warrants
Strategic Planning and New eHealth Subsidiary Lead BioShield To Redeem all Outstanding Warrants.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters