Bonso Electronics International Inc. Extends the Exercise Date and Reprices Outstanding Warrants
Wednesday December 17, 7:32 am ET
HONG KONG, Dec. 17 /PRNewswire-FirstCall/ -- Bonso Electronics International, Inc. (Nasdaq: BNSO - News and BNSOZ - News; the "Company") today announced an amendment to the terms of outstanding warrants (the "warrants") to purchase shares of the Company's common stock. The expiration date of the warrants was extended from December 31, 2003 until February 13, 2004. The warrants will now expire at 2:00 PM (Pacific Time) February 13, 2004. In addition to extension of the warrants, the Company's Board of Directors approved changes to the exercise price of the warrants. The exercise price of the warrants was reduced from $17.50 to $8.25. Each two warrants are exercisable to now purchase one share of our common stock at an exercise price of $8.25. No other term or condition relating to the warrants or their exercise was amended