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EBP ANNOUNCES FILING A SHAREHOLDER SHELF REGISTRATION STATEMENT FOR A SECONDARY OFFERING OF COMMON STOCK

 EBP ANNOUNCES FILING A SHAREHOLDER SHELF REGISTRATION STATEMENT
 FOR A SECONDARY OFFERING OF COMMON STOCK
 MINNEAPOLIS, Nov. 3 /PRNewswire/ -- Employee Benefit Plans, Inc. (NYSE: EBP) (EBP) today filed a registration statement with the Securities and Exchange Commission for the shelf registration of 1,007,404 shares of common stock which may be sold by certain shareholders of the company. Of the 1,007,404 shares: 387,094 shares are currently issued and outstanding; 295,310 shares are issuable upon exercise of outstanding warrants at an exercise price of $21.713 per share, expiring March 13, 1995; and 325,000 shares are issuable upon exercise of outstanding warrants at an exercise price of $15.00 per share, expiring March 16, 1995. This is a secondary public offering by certain shareholders of the company and is not being underwritten.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Employee Benefit Plans, Inc. is a leader in providing products and services to companies throughout the United States who self-fund their employee benefit programs. The company has sales of more than $200 million, and is headquartered in Minneapolis. The company's common stock is traded on the New York Stock Exchange under the symbol "EBP."
 -0- 11/3/92
 /CONTACT: Earl Milbrath or Sharon Koenig, 612-546-4353, both of EBP/
 (EBP) CO: Employee Benefit Plans, Inc. ST: Minnesota IN: HEA INS SU: OFR


AL -- MN014 -- 2219 11/03/92 17:18 EST
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Publication:PR Newswire
Date:Nov 3, 1992
Words:324
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