LICT Corporation Announces Continuation of Shareholder Designated Charitable Contribution Program
LICT (OTC Pink: LICT) has announced the continuation of its Shareholder Designated Charitable Contribution Program. Registered shareholders can designate 501(c)3 charities to receive a $100 per share donation from the company. If all shares are registered, the total contribution could reach approximately $1.7 million.
Since the program's inception in 2016, LICT has contributed over $10 million to charities designated by shareholders. The company emphasizes that charitable giving is a cornerstone of society and an obligation for those with means. To participate, shareholders must have their shares registered in their own name by November 15, 2024. Completed charitable contribution forms must be returned by December 31, 2024.
LICT (OTC Pink: LICT) ha annunciato la continuazione del suo Programma di Contributo Caritatevole Designato dagli Azionisti. I gli azionisti registrati possono designare organizzazioni benefiche 501(c)3 per ricevere una donazione di $100 per azione da parte della società. Se tutte le azioni sono registrate, il contributo totale potrebbe raggiungere circa $1.7 milioni.
Dall'inizio del programma nel 2016, LICT ha contribuito con oltre $10 milioni a organizzazioni benefiche designate dagli azionisti. L'azienda sottolinea che la donazione caritatevole è una pietra miliare della società e un obbligo per coloro che hanno mezzi. Per partecipare, gli azionisti devono avere le loro azioni registrate a loro nome entro il 15 novembre 2024. I moduli di contribuzione caritatevole completati devono essere restituiti entro il 31 dicembre 2024.
LICT (OTC Pink: LICT) ha anunciado la continuación de su Programa de Contribución Caritativa Designada por los Accionistas. Los accionistas registrados pueden designar organizaciones benéficas 501(c)3 para recibir una donación de $100 por acción de la empresa. Si todas las acciones están registradas, la contribución total podría alcanzar aproximadamente $1.7 millones.
Desde el inicio del programa en 2016, LICT ha contribuido con más de $10 millones a organizaciones benéficas designadas por los accionistas. La empresa enfatiza que la donación caritativa es un pilar de la sociedad y una obligación para aquellos que tienen medios. Para participar, los accionistas deben tener sus acciones registradas a su nombre antes del 15 de noviembre de 2024. Los formularios de contribución caritativa completados deben devolverse antes del 31 de diciembre de 2024.
LICT (OTC Pink: LICT)는 주주 지정 자선 기여 프로그램을 지속한다고 발표했습니다. 등록된 주주는 501(c)3 자선 단체를 지정하여 회사로부터 주당 $100의 기부금을 받을 수 있습니다. 모든 주식이 등록되면 총 기부금액은 약 $1.7백만에 이를 수 있습니다.
2016년 프로그램 시작 이래, LICT는 주주가 지정한 자선 단체에 1천만 달러 이상을 기부했습니다. 회사는 자선 기부가 사회의 초석이며, 여유 있는 사람들의 의무라고 강조합니다. 참여하려면, 주주들은 2024년 11월 15일까지 자신의 이름으로 주식이 등록되어 있어야 합니다. 기부 기여 양식은 2024년 12월 31일까지 반환되어야 합니다.
LICT (OTC Pink: LICT) a annoncé la poursuite de son Programme de Contribution Caritative Désignée par les Actionnaires. Les actionnaires enregistrés peuvent désigner des œuvres de charité 501(c)3 pour recevoir une donation de 100 $ par action de la part de l'entreprise. Si toutes les actions sont enregistrées, la contribution totale pourrait atteindre environ 1,7 million de dollars.
Depuis le lancement du programme en 2016, LICT a contribué à des œuvres caritatives désignées par les actionnaires pour un montant de plus de 10 millions de dollars. L'entreprise souligne que la donation caritative est une pierre angulaire de la société et une obligation pour ceux qui en ont les moyens. Pour participer, les actionnaires doivent avoir leurs actions enregistrées à leur nom d'ici le 15 novembre 2024. Les formulaires de contribution caritative complétés doivent être retournés d'ici le 31 décembre 2024.
LICT (OTC Pink: LICT) hat die Fortsetzung seines von Aktionären bestimmten Charitable Contribution Programs bekannt gegeben. Registrierte Aktionäre können 501(c)3-Organisationen benennen, die eine Spende von $100 pro Aktie von der Firma erhalten. Wenn alle Aktien registriert sind, könnte der Gesamtbeitrag ungefähr $1,7 Millionen erreichen.
Seit Beginn des Programms im Jahr 2016 hat LICT über $10 Millionen an von Aktionären benannte Wohltätigkeitsorganisationen gespendet. Das Unternehmen betont, dass karitative Spenden ein Grundpfeiler der Gesellschaft sind und eine Verpflichtung für diejenigen, die es sich leisten können. Um teilzunehmen, müssen Aktionäre ihre Aktien bis zum 15. November 2024 auf ihren eigenen Namen registrieren. Ausgefüllte Spendenformulare müssen bis zum 31. Dezember 2024 zurückgesendet werden.
- Potential $1.7 million total charitable contribution if all shares are registered
- Over $10 million contributed to charities since program inception in 2016
- Demonstrates corporate social responsibility and commitment to charitable giving
- None.
Since the program’s inception in 2016, LICT has made more than
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.
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 November 15, 2024 to register shares in their own name to participate in the program. LICT will then distribute a charitable contribution form to all registered shareholders. Completed forms must be returned to LICT no later than December 31, 2024, for the charitable contribution to be made. Only charities that are recognized 501(c)3 organizations will be qualified to receive the donation from LICT on the shareholder’s behalf. A list of eligible charities is available at: Guidestar.org
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241015044665/en/
LICT Corporation
914-921-8821
www.lictcorp.com
Stephen J. Moore
VP- Finance
Source: LICT Corporation
FAQ
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