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GELMAN SCIENCES INC. ANNOUNCES 3-FOR-2 STOCK SPLIT AS DIVIDEND FOR FISCAL YEAR 1993

 ANN ARBOR, Mich., Nov. 23 /PRNewswire/ -- Gelman Sciences Inc. (AMEX: GSC) Chairman and Chief Executive Officer, Charles Gelman, said that the Company will declare a dividend in the form of a 3-for-2 stock split for shareholders of record on Dec. 8, 1993. The stock distribution will be made on Dec. 28, 1993. At the Company's Dec. 17 Annual Shareholders Meeting, Gelman Sciences Board of Directors will vote to increase the number of authorized shares from 4 million to 8 million, so that the stock split can be effected.
 Mr. Gelman said, "The stock dividend is a way of thanking shareholders who have remained loyal to the Company through our environmental problem, which is now behind us. We have now turned the corner and we are properly poised for more aggressive growth and profitability."
 Gelman Sciences Board of Directors believes that the proposed increase in the number of authorized shares of stock also will provide appropriate flexibility for the Company to take advantage of future opportunities, including acquisitions, financing, business combinations, and other corporate needs, including further stock splits and dividends. Mr. Gelman said that, other than the December stock split, the Company has no immediate plans for use of any of the additional authorized shares.
 -0- 11/23/93
 /CONTACT: James Fahrner, V.P., Finance and CFO, or Robert Buker, V.P., Corporate Communications, of Gelman Sciences, 313-665-0651/
 (GSC)


CO: Gelman Sciences Inc. ST: Michigan IN: MTC SU: DIV

JG -- DE008 -- 7185 11/23/93 10:09 EST
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Publication:PR Newswire
Date:Nov 23, 1993
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