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WEIRTON BOARD APPROVES PROPOSAL TO AMEND CERTIFICATE OF INCORPORATION

 WEIRTON, W.Va., Sept. 3 /PRNewswire/ -- Weirton Steel Corporation's (NYSE: WS) board of directors today unanimously approved a proposal to amend the company's certificate of incorporation which would increase authorized common stock from 30 million to 60 million shares.
 The board affirmed a commitment of management and union to investigate, diligently and in good faith, ways and means to exchange fair value for preservation of the voting position of the company's employee shareholders. The board also called a special meeting of stockholders for Oct. 14, 1993, to approve the proposed amendment and set Sept. 13, 1993, as the record date for stockholders entitled to vote. Approval of the proposal, which would permit the company to sell the shares in public offerings, will require the affirmative vote of not less than a majority of the company's voting power.
 Weirton Steel operates an integrated flat-rolled steel-producing plant in Weirton.
 -0- 9/3/93
 /CONTACT: Richard W. Garan, director media and investor relations of Weirton Steel, 304-797-2728/
 (WS)


CO: Weirton Steel Corporation ST: West Virginia IN: MNG SU:

CD-DM -- PG005 -- 8729 09/03/93 09:37 EDT
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Publication:PR Newswire
Date:Sep 3, 1993
Words:184
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