LICT Corporation Shareholder Designated Charitable Contribution Program

Rhea-AI Summary

LICT Corporation (OTC Pink: LICT) announces that 8,700 shares are now eligible for its Shareholder Charitable Contribution program. Each registered shareholder can designate a charity to receive a $100 donation per share. Forms have been mailed to eligible shareholders and must be returned by March 8, 2021. The Board of Directors plans to repeat the program this year. Over the past four years, LICT has donated more than $5.5 million to charities. Only recognized 501(c)(3) charities are eligible to receive donations. Further details can be found at Guidestar.org.

Positive

• 8,700 shares eligible for charitable contributions.
• Shareholders can direct $100 donations to specified charities.
• More than $5.5 million donated to charities over the past four years.
• Plans to continue the charitable contribution program in 2021.

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• None.

LICT Corporation (OTC Pink: LICT) announces that 8,700 shares are eligible for our Shareholder Charitable Contribution program for all registered shareholders. Each registered shareholder will be eligible to designate a charity to which the company will make a donation of $100 per share on behalf of the shareholder.

Forms have been mailed to eligible shareholders and must be returned to LICT by March 8, 2021.

LICT’s Board of Directors will make a motion to repeat the program in 2021.

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

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 4 years, LICT has made more than $5.5 million in charitable contributions.

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/20210302005932/en/

FAQ

What is the Shareholder Charitable Contribution program for LICT?

LICT's program allows shareholders to designate a charity for a $100 donation per eligible share.

How many shares are eligible for charitable contributions in the LICT program?

A total of 8,700 shares are eligible for the Shareholder Charitable Contribution program.

What is the deadline for LICT shareholders to submit their forms?

Forms must be returned to LICT by March 8, 2021.

How much has LICT donated to charity over the past four years?

LICT has donated over $5.5 million to charities in the past four years.

Which charities can receive donations from LICT's program?

Only recognized 501(c)(3) charities are eligible to receive donations.