LICT Corporation Continues Shareholder Designated Charitable Contribution Program
September 04 2024 - 11:09AM
Business Wire
The Board of Directors of LICT Corporation (OTC Pink: LICT) is
privileged to announce that it will continue its Shareholder
Charitable Contribution Program for all registered shareholders.
All registered shareholders will be eligible to designate charities
to which the company will make a donation of $100 per share on
behalf of the shareholder.
Warren Buffett had a similar program at Berkshire Hathaway from
1981 to 2003. In addition, GAMCO Investors, Inc., and Associated
Capital Group, Inc. have had similar programs.
At LICT, we continue to 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.
As in the cases of Buffett’s Berkshire, GAMCO, and Associated
Capital, only registered shareholders will be eligible to
participate.
The timing of the program is expected to be between the middle
of November 2024 and January 2025. More specific details will
follow.
If all shares are registered in the shareholders’ names at the
record date, the total contribution would be approximately $1.7
million.
Since the program’s inception in 2016, LICT has made more than
$10 million in contributions to charities designated by registered
shareholders.
This release contains certain forward-looking information within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and 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, financial markets 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 successful or that financial
or other targets will be met. Such forward-looking information is
subject to uncertainties, risks and inaccuracies, which could be
material.
LICT is a holding company with subsidiaries in broadband and
other telecommunications services that actively seeks acquisitions,
principally in its existing business areas. LICT is listed on the
OTC Pink ® under the symbol LICT. For further information, please
visit our website listed above.
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Stephen J. Moore VP- Finance 914-921-8821 www.lictcorp.com