LICT Corporation Announces Receipt of Offer for its Shares

World News: . []

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) is announcing that we recently received an offer to purchase all of LICT’s outstanding stock. Although the price which has been offered represents a premium to LICT’s recent trading price, we believe it is below the current value of our enterprise and lower than the value that our growth opportunities might provide. This approach has, among other concerns, significant financing contingencies.

LICT has communicated to our shareholders that the enhancement of our company’s value and the narrowing of the spread between our public share price and this value is the focus of our ongoing efforts.

Despite the fact that there can be no assurance of success, this announcement is being made to inform our shareholders that the offer described above has been made and (y)our Board is aware of the offer.

This release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. It should be recognized that such information is based upon assumptions, projections and forecasts which may not prove to be correct or may develop differently from the manner originally expected. Such forward-looking information must be read and interpreted in light of the cautionary statements set forth in documents filed by LICT on its website,

LICT is a holding company with subsidiaries in telecommunications and multimedia, and actively seeks acquisitions, principally in its existing business areas.

LICT is listed on OTC Pink ® under the symbol “LICT”. Its web address is set forth above.

Release: 18-11

More news and information about LICT Corporation

Published By:

Business Wire: 17:22 GMT Thursday 6th December 2018

Published: .

Search for other references to "lict" on SPi News


Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 0751938.
Privacy Policy | Terms and Conditions | Contact Us