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CHARTER POWER SYSTEMS, INC. ANNOUNCES FOURTH QUARTER DIVIDEND AND ELECTION OF A NEW MEMBER OF THE BOARD OF DIRECTORS

 PLYMOUTH MEETING, Pa., April 23 /PRNewswire/ -- Charter Power Systems, Inc. (AMEX: CHP) announced today that its Board of Directors declared, at its scheduled meeting, a regular quarterly cash dividend of $.0275 a share, payable on May 14, 1993, to stockholders of record as of the close of business on May 3.
 Additionally, the company announced it has filled a vacancy on the Board of Directors by the election of David Beretta, effective May 1, 1993. Beretta is the president, chief operating officer and a Director of AMTROL Inc. (NASDAQ: AMTL) and a director of several other companies. Beretta will also serve on the Audit Committee of the Board of Directors.
 Charter Power Systems is a major North American producer and marketer of batteries and integrated power systems for the standby and motive power markets.
 /delval/
 -0- 4/23/93
 /CONTACT: Yanis Bibelnieks of Charter Power Systems, 212-949-2295/
 (CHP)


CO: Charter Power Systems, Inc. ST: Pennsylvania IN: SU: DIV

LJ-JM -- PH006 -- 9927 04/23/93 09:48 EDT
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Publication:PR Newswire
Date:Apr 23, 1993
Words:167
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