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AMERICAN PHYSICIANS SERVICE GROUP ANNOUNCES STOCK REPURCHASE

 AMERICAN PHYSICIANS SERVICE GROUP ANNOUNCES STOCK REPURCHASE
 AUSTIN, Texas, April 30 /PRNewswire/ -- American Physicians Service Group, Inc. (NASDAQ: AMPH) announced that it has agreed to repurchase approximately 1.3 million shares of its common stock from the Resolution Trust Corporation (RTC) at a price of approximately $2.2 million. This stock was originally sold to Lincoln Savings and Loan Association in 1984.
 Kenneth Shifrin, APS chairman of the board, stated, "This stock repurchase has removed the uncertainty associated with the RTC's planned disposition of this stock and we believe it will have positive implications for our shareholders. This uncertainty has existed for over two years and has adversely affected the market for our stock. While this repurchase price is above the current market price, it is significantly below our book value."
 APS is a financial services firm, with subsidiaries and affiliates that provide: medical malpractice insurance services for doctors and hospitals; brokerage, financial planning and investment services to institutions and individuals; computer systems for medical clinics and university medical schools; management of diagnostic imaging and cardiac rehabilitation centers; and third party medical and dental administration services. Its corporate offices are located in Austin, Texas with regional offices in San Antonio and Dallas, Texas and Little Rock, Ark.
 -0- 4/20/92
 /CONTACT: Kenneth Shifrin, chairman of the board, or William H. Hayes, vice president - finance, of American Physicians Service Group, 512-328-0888/
 (AMPH) CO: American Physicians Service Group, Inc. ST: Texas IN: FIN SU:


KD -- NY115 -- 5197 04/30/92 17:33 EDT
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Publication:PR Newswire
Date:Apr 30, 1992
Words:252
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