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TransTechnology Declares Dividend of Six and One-Half Cents

14 January 1999

TransTechnology Declares Dividend of Six and One-Half Cents; Expands Stock Buy-Back

    LIBERTY CORNER, N.J.--Jan. 14, 1999--The board of directors of TransTechnology Corporation has declared a regular dividend of six and one-half cents per share payable March 1, 1999 to shareholders of record as of Feb. 15, 1999.
    The company also stated that its board of directors has increased the number of shares authorized to be repurchased by 200,000 shares. The company said it has already repurchased approximately 120,000 shares as a result of an earlier 200,000 share repurchase authorization.
    TransTechnology Corporation is a multi-national manufacturer of specialty fasteners and rescue hoists and cargo hooks. The company employs over 1,750 people at its twelve facilities in the U.S., England, Germany and Brazil.