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BANCTEC ANNOUNCES STOCK DIVIDEND

 DALLAS, Feb. 8 /PRNewswire/ -- The board of directors of BancTec, Inc. (NASDAQ: BTEC) has authorized a three-for-two stock split payable in the form of a 50 percent stock dividend to be distributed on March 11, 1993 to stockholders of record at the close of business on Feb. 18, 1993.
 "This is the first stock dividend in the company's history and is an indication of the company's confidence in its current and future prospects," said Grahame Clark, chairman and chief executive officer.
 Immediately prior to the distribution there will be approximately 6.9 million shares of common stock outstanding and immediately after the distribution there will be approximately 10.4 million shares of common stock outstanding.
 BancTec, Inc. is a leading worldwide provider of integrated financial transaction processing systems, application software and support services. BancTec develops turn-key document image processing and data capture solutions for the banking, financial services, insurance, government, utility, telecommunications and retail industries. The company also designs, manufactures and markets document processing equipment for OEM customers and provides third-party maintenance and support services for local area networks and personal computers.
 -0- 2/8/93
 /CONTACT: Gary Robinson, senior vice president and chief financial officer of BancTec, Inc., 214-450-7753/
 -0- 2/8/93
 (BTEC)


CO: BancTec, Inc. ST: Texas IN: FIN SU: DIV

SH -- NY060 -- 4050 02/08/93 11:13 EST
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Publication:PR Newswire
Date:Feb 8, 1993
Words:223
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