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THE BUCKLE TO BUY COMPANY'S STOCK IN THE OVER-THE-COUNTER MARKET

THE BUCKLE TO BUY COMPANY'S STOCK IN THE OVER-THE-COUNTER MARKET
    KEARNEY, Neb., July 7 /PRNewswire/ -- The Buckle, Inc. (NASDAQ-NMS: BKLE) said today its board of directors has authorized the executive committee to enter offers to purchase the company's common stock in the over-the-counter market and to accept unsolicited offers to sell stock from company shareholders.
    Dennis H. Nelson, president, said the board has not established a minimum or maximum number of shares to be purchased.  "Rather, the board of directors has simply authorized the purchase of shares from time to time when the executive committee believes the price and terms of the transaction are favorable to the company."
    He indicated that management does not intend to purchase shares in a quantity that would significantly affect the quotation of the company's shares on the NASDAQ National Market System.
    In a separate action, Nelson indicated that the company's employees have requested the opportunity to own stock in the company through their retirement funds.  The company's 401(k) committee has amended the 401(k) plan, giving participants the choice to direct a portion of their 401(k) investment into a fund that would purchase shares of the company's stock.  This amendment will go into effect on Aug. 1, 1992.
    Headquartered in Kearney, The Buckle, Inc. is a retailer of medium to better priced casual apparel for young men and women.  It operates 91 stores in 13 states.
    -0-             07/07/92
    CONTACT:  Daniel J. Hirschfeld, chairman and CEO, or Karen B. Rhoads, CFO of The Buckle, 308-236-8491
    (BKLE) CO:  THE BUCKLE, INC. IN:  REA ST:  NE -- NY084 -- X892  07/07/92
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 7, 1992
Words:268
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