Business
LICT Extends Date for Participation in Shareholder Designated Charitable Contribution Program
LICT Extends Date for Participation in Shareholder Designated Charitable Contribution Program.
About this update from Lict Corp.
[{"type":"text","content":"\n\n\n\nLICT Extends Date for Participation in Shareholder Designated Charitable Contribution Program\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.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nLICT Extends Date for Participation in Shareholder Designated Charitable Contribution Program\nPR Newswire\nRYE, N.Y., July 13, 2016\n\n\n\nRYE, N.Y., July 13, 2016 /PRNewswire/ -- LICT Corporation (\"the Company\", OTC Pink: LICT) announced today it has extended by one week, from July 15 to July 22, 2016, the period within which its shareholders may register shares in their own name in order to participate in the Company's previously-announced Shareholder Designated Charitable Contribution Program. On June 2, 2016, the Company announced the adoption of its Shareholder Designated 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. As in the case other similar programs, only registered shareholders will be eligible to participate.\n\nThus, if a shareholder's shares are registered in \"street name\" (i.e. a bank, broker or other institution holding the shares for the shareholder), those shares will not be eligible to participate in this charitable program. Therefore, any shareholder who has shares that are currently held in street name but wishes to participate in this program should contact the institution holding the shares to arrange for their registration in the shareholder's own name. Under the extension announced today, shareholders will now have until July 22, 2016 to register shares in their own name so that those shares are eligible to participate in the program.\n\nOur current plan is to distribute later this month a charitable contribution designation form to each person or entity which is a registered shareholder as of the new July 22, 2016 record date.  That form must be returned to LICT no later than August 15, 2016, in order for the charitable contribution to be made. Only charities that are recognized 50...