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THE SAMUEL GOLDWYN CO. ANNOUNCES INTENTION TO PURCHASE ITS CLASS A WARRANTS

 LOS ANGELES, Jan. 15 /PRNewswire/ -- The Samuel Goldwyn Co. (AMEX: SG) today announced that it may purchase from time to time up to 2 million of its class A warrants (AMEX: SGWA) in the open market or through privately negotiated transactions. Two million class A warrants represent approximately 52 percent of the current outstanding class A warrants. The warrants so purchased are intended to be canceled by the company.
 Each class A warrant entitles the holder, through Dec. 5, 1993, to purchase one-fifth of a share of the company's common stock at $2.20 per share; accordingly, five class A warrants represent the right to purchase one share of common stock at $11. The class A warrants are subject to mandatory redemption by the company on Dec. 6, 1993, at a price of $0.30 per class A warrant.
 The Samuel Goldwyn Co. is one of the leading independent motion picture film and television producers and distributors in the United States as well as a leading specialized film exhibitor.
 -0- 1/15/93
 /CONTACT: Hans Turner, CFO of The Samuel Goldwyn Co., 310-552-2255/
 (SG SGWA)


CO: The Samuel Goldwyn Co. ST: California IN: ENT SU:

JB -- LA030 -- 5580 01/15/93 17:33 EST
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Publication:PR Newswire
Date:Jan 15, 1993
Words:204
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