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WORLD ACCEPTANCE CORPORATION FILES REGISTRATION STATEMENT FOR SECONDARY PUBLIC OFFERING OF COMMON STOCK

 GREENVILLE, S.C., April 23 /PRNewswire/ -- World Acceptance Corporation (NASDAQ: WRLD) announced that it has filed with the Securities and Exchange Commission a registration statement relating to a proposed public offering of 2,008,000 shares of its common stock to be sold by First Union Corporation. The Company will not receive any of the proceeds of the offering. PaineWebber Incorporated, J.C. Bradford & Co., and William Blair & Company will serve as the managing underwriters of the offering. The registration statement also covers an additional 300,333 shares subject to an over-allotment option.
 A registration statement relating to the common stock has been filed with the Securities and Exchange Commission but has not yet become effective. Shares of the common stock may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales of the common stock 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.
 A prospectus relating to the common stock can be obtained from PaineWebber Incorporated, 1285 Avenue of the Americas, New York, New York 10019.
 World Acceptance Corporation is one of the largest small-loan consumer finance companies in the United States, operating 194 offices in South Carolina, Georgia, Texas, Oklahoma, Louisiana and Tennessee.
 -0- 4/23/93
 /CONTACT: Sandy McLean, Chief Financial Officer, World Acceptance Corporation, 803-277-4570/
 (WRLD)


CO: World Acceptance Corporation ST: South Carolina IN: FIN IN: OFR

CM -- CH008 -- 0204 04/23/93 15:33 EDT
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Publication:PR Newswire
Date:Apr 23, 1993
Words:280
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