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NATIONAL GYPSUM COMPANY ANNOUNCES EFFECTIVENESS OF REGISTRATION STATEMENT

 CHARLOTTE, N.C., Nov. 15 /PRNewswire/ -- National Gypsum Company (NASDAQ: NGCO) announced today that its registration statement on Form S- 1, registering the offer and sale by certain securityholders of the company's common stock, warrants and 10 percent Senior Unsecured Notes, has become effective. These securities were issued by the company as part of the Chapter 11 Plan of Reorganization of the former National Gypsum Company which emerged from bankruptcy in July of this year. Persons receiving the securities of the company under the Plan of Reorganization are the securityholders entitled to offer and sell these securities pursuant to the registration statement.
 The company will not offer or sell any securities, and will not receive any proceeds of the securities offered and sold by the selling securityholders, pursuant to the registration statement.
 No selling securityholders have indicated to the company any current intention to effect an underwritten offering of securities pursuant to the registration statement.
 This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities. A copy of the prospectus filed as part of the registration statement may be obtained by contacting the office of National Gypsum Company's Corporate Secretary, 2001 Rexford Rd., Charlotte, N.C. 28211.
 -0- 11/15/93
 /CONTACT: Allan V. Cecil, VP-Corporate Communications and Investor Relations, of National Gypsum Company, 704-365-7227 or FAX 704-365-7391/
 (NGCO)


CO: National Gypsum Company ST: North Carolina IN: CST SU:

CM -- CH001 -- 4259 11/15/93 09:25 EST
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Publication:PR Newswire
Date:Nov 15, 1993
Words:248
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