LICT Corporation Continues Shareholder Designated Charitable Contribution Program
LICT (OTC Pink: LICT) has announced the continuation of its Shareholder Designated Charitable Contribution Program. Registered shareholders will be eligible to designate charities to receive a $100 per share donation from the company on their behalf. The program is expected to run between mid-November 2024 and January 2025, with more details to follow.
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 shareholder-designated charities. This initiative follows similar programs by Warren Buffett's Berkshire Hathaway, GAMCO Investors, and Associated Capital Group.
LICT (OTC Pink: LICT) ha annunciato la continuazione del suo Programma di Contributo Caritativo Designato dagli Azionisti. Gli azionisti registrati saranno idonei a designare enti di beneficenza per ricevere una dono di $100 per azione da parte dell'azienda a loro nome. Si prevede che il programma si svolga tra metà novembre 2024 e gennaio 2025, con ulteriori dettagli in arrivo.
Se tutte le azioni sono registrate, il contributo totale potrebbe raggiungere circa $1.7 milioni. Dalla sua creazione nel 2016, LICT ha contribuito con oltre $10 milioni a enti di beneficenza designati dagli azionisti. Questa iniziativa segue programmi simili di Berkshire Hathaway di Warren Buffett, GAMCO Investors e Association Capital Group.
LICT (OTC Pink: LICT) ha anunciado la continuación de su Programa de Contribución Caritativa Designada por los Accionistas. Los accionistas registrados podrán designar organizaciones benéficas para recibir una por parte de la empresa en su nombre. Se espera que el programa se lleve a cabo entre mediados de noviembre de 2024 y enero de 2025, con más detalles por venir.
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. Esta iniciativa sigue programas similares de Berkshire Hathaway de Warren Buffett, GAMCO Investors y Associated Capital Group.
LICT (OTC Pink: LICT)는 주주 지정 자선 기부 프로그램의 계속을 발표했습니다. 등록된 주주는 회사를 대신하여 주당 $100 기부금을 받을 자선을 지정할 수 있습니다. 이 프로그램은 2024년 11월 중순부터 2025년 1월까지 진행될 예정이며, 더 많은 세부 정보는 곧 제공될 예정입니다.
모든 주식이 등록되면 총 기부금은 약 $1.7백만에 이를 수 있습니다. 2016년 프로그램 시작 이후, LICT는 주주 지정 자선 단체에 $10백만 이상을 기부하였습니다. 이 이니셔티브는 워렌 버핏의 버크셔 해서웨이, GAMCO 투자사 및 연관 자본 그룹의 유사한 프로그램을 따릅니다.
LICT (OTC Pink: LICT) a annoncé la poursuite de son Programme de Contribution Caritative Désignée par les Actionnaires. Les actionnaires enregistrés seront éligibles pour désigner des œuvres de charité qui recevront un don de 100 $ par action de la part de l'entreprise en leur nom. Le programme devrait se dérouler entre mi-novembre 2024 et janvier 2025, avec plus de détails à suivre.
Si toutes les actions sont enregistrées, la contribution totale pourrait atteindre environ 1,7 million de $. Depuis le début du programme en 2016, LICT a contribué à plus de 10 millions de $ à des œuvres de charité désignées par les actionnaires. Cette initiative fait suite à des programmes similaires de Berkshire Hathaway de Warren Buffett, GAMCO Investors et Associated Capital Group.
LICT (OTC Pink: LICT) hat die Fortsetzung seines Programms für von Aktionären bezeichnete gemeinnützige Spenden angekündigt. Registrierte Aktionäre sind berechtigt, Wohltätigkeitsorganisationen zu benennen, um im Namen der Firma eine Spende von $100 pro Aktie zu erhalten. Das Programm soll zwischen Mitte November 2024 und Januar 2025 stattfinden, weitere Details werden folgen.
Wenn alle Aktien registriert sind, könnte der Gesamtbeitrag etwa $1,7 Millionen erreichen. Seit der Einführung des Programms im Jahr 2016 hat LICT über $10 Millionen an von Aktionären bezeichnete Wohltätigkeitsorganisationen gespendet. Diese Initiative folgt ähnlichen Programmen von Warren Buffetts Berkshire Hathaway, GAMCO Investors und Associated Capital Group.
- Continuation of the Shareholder Designated Charitable Contribution Program
- Potential total contribution of approximately $1.7 million if all shares are registered
- Over $10 million contributed to charities since the program's inception in 2016
- None.
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
Since the program’s inception in 2016, LICT has made more than
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
Source: LICT Corporation
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