SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For June 17, 2003
BONSO ELECTRONICS INTERNATIONAL INC.
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(Translation of Registrant's name into English)
Unit 1106-1110, 11/F., Star House 3 Salisbury Road,
Tsimshatsui Kowloon, Hong Kong
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(Address of principal executive offices)
[Indicate by check mark whether the Registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.]
Form 20-F [X] Form 40-F [ ]
[Indicate by check mark whether the Registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.]
Yes [ ] No [X]
BONSO COMMENTS ON RECENT STOCK PRICE INCREASE,
PUBLICLY TRADED WARRANTS, AND DIVIDENDS
HONG KONG, June 17 /PRNewswire-FirstCall/ -- Bonso Electronics
International, Inc. (Nasdaq: BNSO) today commented on the 56% increase in its
share price on Monday, 16 June 2003.
Anthony So, Bonso's Chairman and CEO commented, "I am surprised at the
large volume of shares traded and the subsequent increase in share price on
Monday, 16 June 2003. We are unaware of any specific reason why such a sudden
and significant increase in the share price or volume should occur at this
time."
Mr. So also said that the Company has received a number of inquiries with
respect to the exercise price and current expiration date of the Company's
publicly traded common stock purchase warrants that trade on NASDAQ under the
symbol BNSOZ. He said the warrants expire on December 31, 2003, and each two
warrants are exercisable to purchase one share of the Company's common stock at
an exercise price of $17.50 per share.
Also, Mr. So said that inquiries had been made about the Company's recent
dividend, and the Company's dividend policy. Mr. So said that a dividend of
$0.05 per share was paid at the end of May. Our policy is to evaluate on an
annual basis whether to declare and pay a dividend. Although we have declared
dividends during each of the last 3 years, we may decide that it is not in the
best interest of the Company's shareholders to declare and pay a dividend in a
particular year.
About Bonso Electronics
Headquartered in Hong Kong, Bonso Electronics designs, develops,
manufactures, assembles and markets a comprehensive line of telecommunications
products, electronic scales and weighing instruments and health care products.
Bonso products are manufactured in the People's Republic of China on behalf of
customers primarily located in North America and Europe. Company services
include product design and prototyping, production tooling, procurement of
components, total quality management, and just-in-time delivery. For further
information, visit the company's web site at http://www.bonso.com .
The statements contained in the press release, which are not historical
facts, are forward-looking statements that involve certain risks and
uncertainties including, but not limited to, risks associated with the
uncertainty of future financial 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
United States Securities and Exchange Commission.
Bonso Electronics International Inc.:
USA Contact:
George O'Leary
Tel: 949-760-9611
Fax: 949-760-9607
Hong Kong Contact:
Cathy Pang
Tel: 852-2605-5822
Fax: 852-2691-1724
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
BONSO ELECTRONICS INTERNATIONAL, INC.
(Registrant)
Date: June 17, 2003 By: /s/ Henry F. Schlueter
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Henry F. Schlueter, Assistant Secretary