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NU-KOTE HOLDING, INC. FILES SECONDARY OFFERING OF 2,738,398 SHARES OF CLASS A COMMON STOCK

 DALLAS, April 26 /PRNewswire/ -- Nu-kote Holding, Inc., (NASDAQ: NKOT), announced today that it has filed with the Securities and Exchange Commission a registration statement relating to a secondary public offering of 2,738,398 shares of Class A Common Stock by selling stockholders.
 Certain of the selling stockholders have granted the underwriters an option, exercisable for 30 days from the date of the initial public offering of the shares, to purchase a maximum of 394,860 additional shares of Class A Common Stock in order to cover over-allotments of shares. Such selling stockholders have also granted the company an option to purchase all shares subject to the underwriters' over- allotment option to the extent that the over-allotment option with respect to such shares is not exercised.
 The company is not offering any shares in the offering and will not receive any proceeds from the offering. Nu-kote currently has 7,887,770 shares of Class A Common Stock outstanding.
 Of the shares being offered, 1,789,682 are being sold by The Clayton & Dubilier Private Equity Fund II Limited Partnership. Upon completion of the offering and assuming that the underwriters' over-allotment option is exercised in full, The Clayton & Dubilier Private Equity Fund II Limited Partnership will no longer own any shares in the company.
 The First Boston Corporation, Dean Witter Reynolds Inc., and Lehman Brother will act as underwriters with respect to the offering.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there ?any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
 Copies of the prospectus may be obtained from The First Boston Corporation, 55 East 52nd Street; New York, NY 10055.
 In two other matters, the company appointed David F. Brigante, currently President and Chief Operating Officer, to the additional post of Chief Executive Officer, replacing Larry H. Holswade, who remains Vice Chairman and a director of the company. In addition, the company stated that in light of current economic conditions in Europe, it has revised its estimate of the net realizable value of its French business forms operation, which it plans to divest and which has been carried as discontinued operations in its financial statements. As a result, a charge to discontinued operations of $2.5 million (pre-tax and after- tax) will be recorded in the company's financial statements for the fiscal year ended March 31, 1993. The charge will have no effect on income from continuing operations, will be non-cash, and will reduce net income per common share by approximately $0.35.
 -0- 4/26/93
 /CONTACT: William J. Jenks of Broadgate Consultants, Inc., 212-229-2222, for Nu-kote Holding Inc./
 (NKOT)


CO: Nu-kote Holding Inc. ST: Texas IN: SU: OFR

497 04-23-93 20:17 EDT501 04-26-93 09:25 EDT LD -- NY010 -- 0957 04/26/93 16:35 EDT
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Publication:PR Newswire
Date:Apr 26, 1993
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