B.O.S Announces 1-for-4 Reverse Split of Ordinary Shares Effective as of
December 14, 2012
RISHON LEZION, Israel, Dec. 14, 2012 (GLOBE NEWSWIRE) -- The Company hereby
announces that the reverse share split previously announced by the Company on
October 31, 2012, shall become effective on December 14, 2012. Pursuant to the
reverse split, each 4 Ordinary Shares, NIS 20.00 nominal value per share, will
be converted into one Ordinary Share, NIS 80.00 nominal value per share. No
fractional shares will be issued as a result of the reverse-split. Instead,
all fractional shares will be rounded up to the next higher whole number of
As of December 13, 2012, there were 4,472,298 Ordinary Shares outstanding and
after the reverse split there will be 1,118,081 Ordinary Shares outstanding.
The exchange agent for the reverse split is American Stock Transfer & Trust
Company, whose address is 6201 15^th Avenue, Brooklyn, N.Y. 11219 (tel: (718)
921- 8317 or (877) 248-6417). Once effective, the post-split shares will trade
on the Nasdaq Capital Market under the same symbol "BOSC".
B.O.S. Better Online Solutions Ltd. (Nasdaq:BOSC) is a leading provider of
RFID and Supply Chain solutions to global enterprises, that help customers
worldwide improve the efficiency of their logistics and organizational
monitoring and control. BOS' RFID and Mobile division offers both turnkey
integration services as well as stand-alone products, including best-of-breed
RFID and AIDC hardware and communications equipment, BOS middleware, and
industry-specific software applications. BOS' Supply Chain division provides
electronic components consolidation services to the aerospace, defense,
medical and telecommunications industries.
For more information, please visit:www.boscorporate.com
CONTACT: For more information:
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