Home Bancorp Wisconsin, Inc. Announces Expected Distribution of $28.15 per Share to Stockholders and the Termination of Trading in its Stock on the OTC Market in Connection with Its Plan of Dissolution
10/31/2022 - 04:15 PM
MADISON, Wis. --(BUSINESS WIRE)--
Home Bancorp Wisconsin, Inc. (“the Company”) (OTCPK: HWIS), is the former holding company of Home Savings Bank . The Company is in dissolution and today announced that its Board of Directors has approved a distribution of $28.15 November 21, 2022 . This distribution will be made in accordance with the Company’s previously announced voluntary Plan of Dissolution approved on March 8, 2022 .
Dissolution Plan Update
The Company expects the final winding up process to take up to three years and that the amount of any funds remaining following the completion of such process, will be nominal. After completion of the final winding up process following dissolution, the Board of Directors expects that it will donate any remaining funds to one or more charitable organizations.
Removal from the OTC Pink Marketplace
The Company’s common stock continues to be quoted on the OTC Pink marketplace. The Company anticipates that its shares will be removed from the OTC Pink marketplace on or before November 21, 2022 and that further trading will not be permitted after that date. There can be no guarantee on the timing of when the Company’s shares will be removed from the OTC Pink marketplace, and the Company does not intend to provide an additional notice of its removal.
The Company’s Paying Agent
The Company has appointed Computershare to serve as the Company’s paying agent for the distribution. You may contact Computershare with any question about your shares and the distribution.
Below is the contact information for Computershare:
Computershare
150 Royall Street
Canton, MA 02021
Stockholders who hold shares in book entry accounts at our transfer agent, Computershare, will receive checks in the amount of their cash distribution and their shares will be cancelled. Stockholders who hold shares through a broker or other DTC registered nominee will receive their cash distribution directly into their account at such broker or other nominee and their shares will be cancelled. Stockholders with any shares represented by certificates will receive a letter of transmittal with instructions on how to return their certificates in exchange for the cash distribution.
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James Bradley
Home Bancorp Wisconsin, Inc.
Source: Home Bancorp Wisconsin, Inc.
