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iMD Declares One for One dividend in Integrated Medical Diagnostics to all Shareholders of Record as of February 28, 2015
iMD Declares One for One dividend in Integrated Medical Diagnostics to all Shareholders of Record as of February 28, 2015.
About this update from Imd Companies, Inc.
[{"type":"text","content":"\n\n\n\niMD Declares One for One dividend in Integrated Medical Diagnostics to all Shareholders of Record as of February 28, 2015\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\niMD Declares One for One dividend in Integrated Medical Diagnostics to all Shareholders of Record as of February 28, 2015\nPR Newswire\nPLACERVILLE, CA, Dec. 9, 2014\n\n\n\nPLACERVILLE, CA, Dec. 9, 2014 /PRNewswire/ - iMD Companies, Inc. (OTC:ICBU) today announced that Integrated Medical Diagnostics will award all common shareholders of IMD Companies Inc., a one for one dividend.\n\nThe iMD board of directors and Integrated Medical Diagnostics have approved the final 1:1 distribution ratio of dividend shares, which will result in the complete legal and structural separation of the two companies. \n\nAll Shareholders of record as of close of trading on February 28, 2015, will be eligible to receive a private stock dividend of one share of Integrated Medical Diagnostics for every share of ICBU common stock that a shareholder owns. The dividend will be awarded to all shareholders of record of ICBU stock. The actual distribution of the shares of Integrated Medical Diagnostics stock to ICBU shareholders will come approximately 30 days after the shareholder record date. All information about how to receive your dividend from Olde Monmouth Stock Transfer agent will be given prior to the shareholder record date of February 28, 2015 in the form of a press release or information on our website to shareholders.\n\nFor example if an ICBU shareholder owns 100,000 shares of ICBU through the shareholder record date of February 28, 2015 then that shareholder will be eligible to receive 100,000 private shares of Integrated Medical Diagnostics.  If a shareholder of ICBU sells his or her shares on or before the February 28, 2015 record date then that shareholder will not be eligible to receive the dividend.\n\n\"The benefit of this spin-off is twofold for our shareholders,\" stated Larry Robertson President of iMD. \"The company will eliminate debt from the spin-off which will make the company more profitable ...