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KIMBALL INTERNATIONAL ANNOUNCES SHARE REPURCHASE PROGRAM

 KIMBALL INTERNATIONAL ANNOUNCES SHARE REPURCHASE PROGRAM
 JASPER, Ind., Oct. 16 /PRNewswire/ -- Kimball International, Inc. (NASDAQ: KBALB) announced today that it is planning to repurchase shares of its outstanding Class B common stock. The repurchase will be accomplished intermittently, depending on market conditions and other factors, through open market purchases and privately negotiated transactions. Kimball International's Class B common stock is traded on the over-the-counter market.
 Douglas A. Habig, president and chief executive officer, said, "In view of Kimball's strong financial position and the current price level of our Class B common stock, we believe the repurchase of our own shares represents an attractive investment which will benefit the company and its share owners."
 Habig said total shares to be repurchased could accumulate up to 750,000 over a three-year period. Any repurchased shares will become treasury shares to be used for general corporate purposes, including stock options. As of Sept. 30, there were 13,848,333 shares of Class B common stock outstanding.
 -0- 10/16/92
 /CONTACT: Ken Sendelweck of Kimball International, 812-482-1600/
 (KBALB) CO: Kimball International ST: Indiana IN: SU:


BM -- CL017 -- 1117 10/16/92 16:35 EDT
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Publication:PR Newswire
Date:Oct 16, 1992
Words:191
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