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BROOKE GROUP ANNOUNCES STOCK REPURCHASE PROGRAM

 BROOKE GROUP ANNOUNCES STOCK REPURCHASE PROGRAM
 NEW YORK, Dec. 12 /PRNewswire/ -- Brooke Group Ltd. (NYSE: BGL)


today announced that its board of directors has authorized a stock repurchase program for up to 1,000,000 shares of its outstanding common stock. The repurchases may be made from time to time during the next year in open market or privately negotiated transactions, based on then current market prices. The company stated that the repurchased shares will be held in treasury. Brooke Group Ltd. had 24,045,351 shares of common stock outstanding as of Oct. 31, 1991.
 Brooke Group Ltd., through its subsidiaries, operates principally in three core businesses: tobacco products (Liggett Group Inc.), computer products (MAI Systems Corporation), and sports and entertainment trading cards and related products (Impel Marketing Inc.). Brooke is also a participant in a number of joint ventures in the Soviet Union involving manufacturing and natural resources development.
 -0- 12/12/91 R
 /CONTACT: Edward Nebb or Naomi Rosenfeld of Morgen-Walke Associates, 212-986-5900, for Brooke Group/
 (BGL) CO: Brooke Group Ltd. ST: New York IN: TOB SU: OFR


KD -- NY012 -- 1904 12/12/91 11:30 EST
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Publication:PR Newswire
Date:Dec 12, 1991
Words:190
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