LICT Corporation Continues Shareholder Charitable Contribution Program, Spin-off of Michigan Company and Share Repurchase Program
LICT Corporation (OTC Pink: LICT) continues its Shareholder Charitable Contribution program, donating
- Continuation of the Shareholder Charitable Contribution program enhances shareholder engagement and goodwill.
- Over $6.5 million in charitable contributions made in the past 6 years reflects corporate responsibility.
- Shareholder participation requires shares to be registered, possibly limiting engagement.
- Authorization of only an additional 500 shares for repurchase may indicate limited financial flexibility.
At LICT, we believe charitable giving is a cornerstone of society and an obligation for those with means to make a difference in the world. As an organization, LICT will have no control over the donations, but we are happy to make them on behalf of our shareholders
Over the past 6 years, LICT has made more than
Shareholders’ shares need to be registered to be eligible to participate in this charitable program. Therefore, any shareholder who has shares that are currently held in street name and wish to participate in this program should contact the institution holding the shares to arrange for their registration in the shareholder’s own name.
Shareholders will have until
As previously shared, LICT continues the process of finalizing the spin – off of our
LICT’s Board of Directors (the “Board”) increased the Company’s authorization to repurchase shares by an additional 500 shares, bringing the total to 844 authorized for repurchase. We will continue to repurchase shares on an opportunistic basis, and it is possible no additional shares will be repurchased.
This release contains certain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including without limitation anticipated financial results, financing, capital expenditures and corporate transactions. It should be recognized that such information is based upon certain assumptions, projections and forecasts, including without limitation, business conditions and financial markets, regulatory and other approvals, and the cautionary statements set forth in documents filed by LICT on its website, www.lictcorp.com. As a result, there can be no assurance that any possible transactions will be accomplished or be successful, or that financial targets will be met. Such forward-looking information is subject to uncertainties, risks and inaccuracies, which could be material.
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Vice President-Finance
914-921-8821
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